Practice Pakistan Economy MCQs for Balochistan Police Sub Inspector (BS-14) Current Affairs — topic-wise sets with solved answers.
Q1. The European Union's Executive has outlined plans to raise more than _________ from energy firms to help shield households and businesses from soaring inflation?
Answer: 140 Billion dollars
Q2. What is the name of the economic corridor signed between China and Pakistan in 2015?
Answer: CPEC
Q3. What was the budget deficit of Pakistan for the fiscal year 2021-22?
Answer: 7.9 percent of GDP
Explanation: Pakistan's budget deficit for fiscal year 2021-22 was recorded at 7.9 percent of GDP, driven by rising energy imports, debt servicing costs, and post-flood reconstruction needs.
Q4. The Pakistan government has announced a defence budget of PKR _______ for the fiscal year (FY) 2021-22.
Answer: 1370 billion
Explanation: Pakistan's federal budget for FY 2021-22 allocated PKR 1,370 billion for defence, representing an increase from the previous year's allocation.
Q5. After the United States, the largest contributor to the UN budget is ___________.
Answer: China
Explanation: China surpassed Japan as the second-largest contributor to the UN regular budget starting from the 2019-2021 assessment period, reflecting its growing economic weight.
Q6. The China-Pakistan Economic Corridor (CPEC) is part of which major Chinese global initiative?
Answer: Belt and Road Initiative
Explanation: CPEC is the flagship project of China's Belt and Road Initiative (BRI), linking Gwadar Port to China's Xinjiang region through a network of roads, railways, and energy pipelines.
Q7. The Gwadar Port, flagship CPEC project, is located in which Pakistani province?
Answer: Balochistan
Explanation: Gwadar Port, the strategic deep-sea port at the heart of CPEC, is located on the southwestern coast of Balochistan province along the Arabian Sea.
Q8. Which energy project completed under CPEC addressed Pakistan's power shortage?
Answer: Karot Hydropower Project
Explanation: The Karot Hydropower Project (720 MW) on the Jhelum River is a flagship CPEC hydroelectric project designed to generate clean electricity and alleviate Pakistan's chronic power shortages.
Q9. CPEC aims to connect Gwadar to which Chinese city via road and rail?
Answer: Kashgar
Explanation: The CPEC route's northern terminus is Kashgar (Kashi) in China's Xinjiang autonomous region, connecting via the Karakoram Highway to Gwadar Port in Pakistan.
Q10. The CPEC investment package is estimated at approximately:
Answer: 62 billion USD
Explanation: The CPEC investment package was initially announced at $46 billion in 2015 but was later revised and expanded to approximately $62 billion as additional projects were added to the corridor.
Q11. Which Chinese leader visited Pakistan in 2015 to launch CPEC?
Answer: Xi Jinping
Explanation: Chinese President Xi Jinping visited Pakistan in April 2015 to officially launch CPEC, signing agreements worth approximately $46 billion for energy, infrastructure, and economic development projects.
Q12. The Mainline-1 (ML-1) railway project under CPEC upgrades the rail corridor between:
Answer: Peshawar and Karachi
Explanation: The ML-1 project, Pakistan's largest CPEC infrastructure initiative, upgrades the 1,872-km railway line from Peshawar in the north to Karachi in the south, improving speed and capacity.
Q13. The China-Pakistan Economic Corridor (CPEC) investment package was announced in which year?
Answer: 2015
Explanation: The CPEC investment package of initially $46 billion (later expanded) was formally announced during Chinese President Xi Jinping's visit to Pakistan in April 2015.
Q14. Which port is being developed as the centerpiece of CPEC?
Answer: Gwadar Port
Explanation: Gwadar Port on the Balochistan coast is the centrepiece of CPEC, providing China's landlocked western region access to the Arabian Sea and serving as a key node in the BRI maritime route.
Q15. Pakistan's current account deficit reached a crisis level in which fiscal year?
Answer: 2018-19
Explanation: Pakistan's current account deficit reached a historic high of approximately $20 billion in FY 2018-19, triggering a balance-of-payments crisis that led to an IMF bailout program.
Q16. Pakistan's annual inflation reached its highest recorded level in which fiscal year?
Answer: 2022-23
Explanation: Pakistan's annual inflation peaked at approximately 38% in May 2023 during FY 2022-23, the highest recorded level in the country's history, driven by energy price hikes and currency depreciation.
Q17. HDI measures which combination of indicators?
Answer: Life expectancy, education, and per capita income
Explanation: The Human Development Index (HDI), developed by UNDP, measures a country's average achievement in three dimensions: life expectancy, education (mean and expected years of schooling), and gross national income per capita.
Q18. CPEC stands for?
Answer: China Pakistan Economic Corridor
Explanation: CPEC stands for China-Pakistan Economic Corridor, a $62+ billion framework of infrastructure, energy, and industrial projects connecting Gwadar Port to China's Xinjiang province.
Q19. The CPEC route connects Gwadar port to which Chinese city/region?
Answer: Kashgar (Xinjiang)
Explanation: The CPEC route connects Gwadar Port in Balochistan to Kashgar (Kashi) in China's Xinjiang Autonomous Region via the Karakoram Highway, spanning approximately 3,000 km.
Q20. In which year was the China-Pakistan Economic Corridor (CPEC) launched?
Answer: 2015
Explanation: CPEC was officially launched during Chinese President Xi Jinping's visit to Pakistan in April 2015, though planning and early agreements began in 2013 under the original framework.
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