Economy And Business Current affairs Mcqs with answers

Prepare Pakistan's Economy and Business Current affairs MCQs with answers and detailed explanations for nts tests. This section contains current pakistan economy mcqs 2017 and 2018, recent economic development of pakistan mcqs with answers, banking and pakistan economics mcqs and economy of pakistan mcqs nts. Prepare below MCQs and you can also prepare for International, National, Sports, Provincial, Famous Personalities, Politics, Important Days, Bills and Acts, Science and Tech MCQs.

1. 1 FATF, which was founded to develop policies to combat terror financing stands for ?
   
   
   
   

   1. Financial Aboriginal Task Force

   2. Financial Action Task Force

   3. Finance, Action and Task Force

   4. None

   See Answer

   Answer

   : Financial Action Task Force

   Explanation

   :
   The Financial Action Task Force (on Money Laundering) (FATF), is an intergovernmental organization founded in 1989 on the initiative of the G7 to develop policies to combat money laundering.

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2. 2 Ant Financial partnered with which of the following telecom giant to deliver financial services in Pakistan ?
   
   
   
   

   1. Ufone

   2. Telenor

   3. Mobilink

   4. Zong

   See Answer

   Answer

   : Telenor

   Explanation

   :
   Telenor Group has reached a strategic partnership agreement with Ant Financial Services Group (“Ant Financial”) in Pakistan, where Ant Financial will invest USD 184.5m for a 45% stake in Telenor Microfinance Bank (“TMB”), a subsidiary of Telenor Group, to further develop TMB’s mobile payment and digital financial services.

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3. 3 On 16th March 2018, Polish oil & gas exploration company PolskieGórnictwoNaftoweIGazownictwo SA (PGNiG), inked MoU on strategic cooperation with ?
   
   
   
   

   1. Fauji Foundation

   2. Engro Corporation

   3. Pakistan Petroleum

   4. Mari Petroleum Company Limited

   See Answer

   Answer

   : Mari Petroleum Company Limited

   Explanation

   :
   Mari Petroleum Company Limited is one of Pakistan’s largest petroleum exploration and production companies, operating the country’s second largest gas reservoir at Mari Field, District Ghotki, Sindh.

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4. 4 On 16th March, Fauji Fertilizer made an announcement to set up 330MW coal power project as Joint Venture with ?
   
   
   
   

   1. Hubco – The Hub Power Company

   2. Power dynamics

   3. SIMTEK Power Services

   4. K-Electric

   See Answer

   Answer

   : Hubco – The Hub Power Company

   Explanation

   :
   Education HUBCO has been actively involved in educational activities for development.... Health Number of health centers are being managed by HUBCO in 3 neighboring villages

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5. 5 Pakistan's highest import bill, in January 2018 was ?
   
   
   
   

   1. $5.6b

   2. $6.6b

   3. $7.6b

   4. $4b

   See Answer

   Answer

   : $5.6b

   Explanation

   :
   Feb 10, 2018 Pakistan seems to have its work cut on the external trade front, as its monthly import bill for January jumped to a record $5.6 billion – highest in history – with the trade deficit widening to $21.5 billion for the seven months of the ongoing fiscal year.

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6. 6 In February, 2018 Pakistan declined cheap loan offer from which of the following countries/bodies ?
   
   
   
   

   1. IMF

   2. World Bank

   3. Asian Development Bank

   4. Japan

   5. China

   See Answer

   Answer

   : Japan

   Explanation

   :
   Pakistan had turned down a loan offer from Japan for infrastructure projects at cheaper rates compared to Chinese lending for the economic corridor

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7. 7 On December 22, 2017 , with 755-point surge, KSE-100 powers past____ barrier
   
   
   
   

   1. 41000

   2. 39000

   3. 40000

   4. 25000

   See Answer

   Answer

   : 39000

   Explanation

   :
   With 755-point surge, KSE-100 powers past 39,000 barrier. Investors resorted to heavy buying at the stock market on as the KSE-100 Index soared 800 points in intra-day trading before giving up some gains.

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8. 8 China's top economic planner said 86 countries and international organizations have signed 100 cooperation agreements with China under the ___ Initiative.
   
   
   
   

   1. Belt and Road

   2. CPEC

   3. INSTC

   4. OBOR- The India-Japan Project

   See Answer

   Answer

   : Belt and Road

   Explanation

   :
   The Silk Road Economic Belt and the 21st-century Maritime Silk Road, better known as the One Belt and One Road Initiative, The Belt and Road and The Belt and Road Initiative is a development strategy

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9. 9 Planned completion year of OBOR is ?
   
   
   
   

   1. 2036

   2. 2040

   3. 2049

   4. 2050

   See Answer

   Answer

   : 2049

   Explanation

   :
   The Silk Road Economic Belt and the 21st-century Maritime Silk Road, better known as the One Belt and One Road Initiative, The Belt and Road and The Belt and Road Initiative is a development strategy

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10. 10 PCB is expected to file its claim with the disputes resolution committee of the International Cricket Council (ICC) to claim a compensation of __ million ?
    
    
    
    

    1. $40

    2. $50

    3. $70

    4. $80

    See Answer

    Answer

    : $70

    Explanation

    :
    The Pakistan Cricket Board (PCB) wants its Indian counterpart (BCCI) to pay approximately $70 million as compensation for not playing two "home" bilateral series.

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