ANF Inspector / Sub Inspector (BS-14) Current Affairs: Past Papers MCQs with Answers

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Sample ANF Inspector / Sub Inspector (BS-14) Current Affairs past papers questions

1. Q1. Pakistan proposes resuming the Composite Dialogue with India — a structured framework covering eight baskets of issues including Kashmir, Siachen, Sir Creek, and terrorism. India insists on separating terrorism discussions from other agenda items. Pakistan's position is that all issues must be discussed together. What strategic logic underlies Pakistan's insistence on a composite framework?

   • A) Pakistan insists on composite dialogue because the SCO's conflict resolution rules require all bilateral disputes between member states to be addressed in a single forum
   • B) Pakistan's composite framework demand is driven by a World Court injunction that requires Kashmir to be discussed alongside all other bilateral disputes simultaneously
   • C) Separating terrorism from other issues would allow India to set the agenda conditions for dialogue, potentially removing Kashmir from the table entirely — the composite format ensures Pakistan retains leverage by linking multiple issues
   • D) The composite dialogue format was made mandatory under the Simla Agreement of 1972, which Pakistan argues legally binds India to the comprehensive framework

   Answer: Separating terrorism from other issues would allow India to set the agenda conditions for dialogue, potentially removing Kashmir from the table entirely — the composite format ensures Pakistan retains leverage by linking multiple issues

2. Q2. A State Bank official is reviewing applications from commercial banks to participate in the Naya Pakistan Housing Finance Scheme. One bank raises the concern that long-term fixed-rate housing loans create interest rate risk on the bank's balance sheet. Which instrument best mitigates this risk for participating banks?

   • A) Require borrowers to accept floating rate mortgages and bear all interest rate risk
   • B) Establish a government-backed mortgage refinancing facility that provides long-term funds to banks at a fixed rate
   • C) Disqualify banks with significant interest rate risk from the scheme
   • D) Cap housing loan tenors at a maximum of five years to reduce duration mismatch

   Answer: Establish a government-backed mortgage refinancing facility that provides long-term funds to banks at a fixed rate

3. Q3. A newly appointed IT Secretary is asked to brief the Prime Minister on the single most important quantitative target of the Digital Pakistan Vision 2025. Which target should she highlight?

   • A) Increasing IT exports to $5 billion and adding one million IT jobs by 2025
   • B) Connecting 100 million citizens to 5G networks within two years
   • C) Establishing 500 Special Technology Zones across all four provinces
   • D) Registering one million freelancers on government platforms by 2023

   Answer: Increasing IT exports to $5 billion and adding one million IT jobs by 2025

4. Q4. A digital rights lawyer challenges PTA's decision to block Twitter (X) for several weeks in 2022 without a prior court order. Which constitutional article would form the primary basis for her petition before the High Court?

   • A) Article 9 guaranteeing the right to life and liberty
   • B) Article 14 protecting inviolability of dignity of man
   • C) Article 18 on freedom of trade and commerce
   • D) Article 19 guaranteeing freedom of speech and expression

   Answer: Article 19 guaranteeing freedom of speech and expression

5. Q5. A fintech startup wants to launch a buy-now-pay-later service integrated with an e-commerce platform in Pakistan. The SBP compliance officer informs them they need a specific license. Under SBP's Payment Systems and Electronic Fund Transfers Act 2007 and subsequent regulations, which license category would this service fall under?

   • A) Electronic Money Institution license under Payment System Operators and Payment Service Providers Regulations 2019
   • B) Microfinance bank license under Microfinance Institutions Ordinance 2001 for consumer credit products
   • C) Non-bank financial company registration under SECP for consumer finance
   • D) Digital Lending Platform authorization under SBP's Fintech and Innovation Department guidelines

   Answer: Digital Lending Platform authorization under SBP's Fintech and Innovation Department guidelines

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