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Economy (Pak Studies) Solved Questions & Notes (2026) - Apex Rankers

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116 Total Solved Questions
~174 mins Estimated Reading Time
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25 Questions in this set
Choose the correct answer for the following Pakistan Studies questions:
Q. 1 Pakistan Affairs
Difficulty: Medium (1 Mark)
Which project, launched in late 2024, is the official title of Pakistan's National Economic Transformation Plan?
A
Pakistan Vision 2025
B
Uraan Pakistan
✓ Correct
C
CPEC Phase II
D
Digital Pakistan
💡 Step-by-Step Explanation & Concept Rationale
Prime Minister Shehbaz Sharif announced this 2024-2029 homegrown growth plan.
Q. 2 Pakistan Affairs
Difficulty: Hard (1 Mark)
Under the 26th Amendment, the deadline for the complete elimination of Riba (interest) is:
A
1 January 2025
B
14 August 2026
C
1 January 2028
✓ Correct
D
23 March 2030
💡 Step-by-Step Explanation & Concept Rationale
This binding deadline was incorporated into Article 38(f) of the Constitution.
Q. 3 Pakistan Affairs
Difficulty: Medium (1 Mark)
Which financial organization approved a $7 billion Extended Fund Facility (EFF) for Pakistan in late 2025?
A
World Bank
B
Asian Development Bank
C
IMF
✓ Correct
D
Islamic Development Bank
💡 Step-by-Step Explanation & Concept Rationale
The 37-month program followed a staff-level agreement reached in Oct 2025.
Q. 4 Pakistan Affairs
Difficulty: Medium (1 Mark)
In 2025, which company received the first license to assemble electric SUVs in Pakistan?
A
Toyota Indus
B
Pak Suzuki
C
Regal Automobiles
✓ Correct
D
Honda Atlas
💡 Step-by-Step Explanation & Concept Rationale
This was a milestone in the transition toward green energy transport.
Q. 5 Pakistan Affairs
Difficulty: Medium (1 Mark)
Which Pakistani port is designated as the primary regional trade hub in 2025 policy documents?
A
Karachi Port
B
Port Qasim
C
Gwadar
✓ Correct
D
Pasni
💡 Step-by-Step Explanation & Concept Rationale
CPEC Phase II focuses on making Gwadar fully operational for transshipment.
Q. 6 Pakistan Affairs
Difficulty: Medium (1 Mark)
The inaugural "Pakistan Oman Expo and Business Conference" 2024 was held in:
A
Karachi
B
Gwadar
C
Muscat
✓ Correct
D
Salalah
💡 Step-by-Step Explanation & Concept Rationale
The event aimed to boost bilateral trade and maritime connectivity.
Q. 7 Pakistan Affairs
Difficulty: Medium (1 Mark)
Which major regional infrastructure project did Shehbaz Sharif virtually inaugurate with Li Qiang in 2024?
A
ML-1 Railway
B
Gwadar International Airport
✓ Correct
C
Diamer-Bhasha Dam
D
Karachi Circular Railway
💡 Step-by-Step Explanation & Concept Rationale
The project is a key pillar of the China-Pakistan Economic Corridor.
Q. 8 Pakistan Affairs
Difficulty: Medium (1 Mark)
In 2025, Pakistan entered a 37-month loan program with the IMF known as the:
A
SBA
B
RFI
C
EFF
✓ Correct
D
FCL
💡 Step-by-Step Explanation & Concept Rationale
This program aims to stabilize the macro-economy and support reforms.
Q. 9 Pakistan Affairs
Difficulty: Hard (1 Mark)
In 2025, the State Bank of Pakistan reduced its key policy interest rate to:
A
15%
B
12%
✓ Correct
C
10%
D
8%
💡 Step-by-Step Explanation & Concept Rationale
This was a significant reduction aimed at stimulating economic activity.
Q. 10 Pakistan Affairs
Difficulty: Medium (1 Mark)
Pakistan became a nuclear power on May 28, 1998. In 2024, Prime Minister Sharif announced transforming this status into:
A
Military Superpower
B
Economic Powerhouse
✓ Correct
C
Green Energy Leader
D
Global Mediator
💡 Step-by-Step Explanation & Concept Rationale
This vision links national security with economic stability.
Q. 11 Pakistan Affairs
Difficulty: Medium (1 Mark)
The under-construction "Dasu Dam" is located in:
A
Sindh
B
Punjab
C
Gilgit – Baltistan
D
Khyber Pakhtunkhwa
✓ Correct
💡 Step-by-Step Explanation & Concept Rationale
It is a major hydroelectric project being built on the Indus River in Kohistan.
Q. 12 Pakistan Affairs
Difficulty: Medium (1 Mark)
In Pakistan, which organization is responsible for the regulation of the stock exchange?
A
State Bank
B
Chambers of Commerce
C
Economic Coordination Committee
D
SECP
✓ Correct
💡 Step-by-Step Explanation & Concept Rationale
The SECP oversees the financial markets and corporate sector in Pakistan.
Q. 13 Pakistan Affairs
Difficulty: Hard (1 Mark)
The State Bank of Pakistan reduced the key policy interest rate to 12% in which month?
A
February 2025
B
March 2025
C
January 2025
✓ Correct
D
April 2025
💡 Step-by-Step Explanation & Concept Rationale
This significant cut was made on January 27, 2025.
Q. 14 Pakistan Affairs
Difficulty: Medium (1 Mark)
Which sector received the highest allocation in Pakistan's PSDP for 2025–26?
A
Defence
B
Education
C
Infrastructure & development
✓ Correct
D
Health
💡 Step-by-Step Explanation & Concept Rationale
This reflects the government's focus on national transformation projects.
Q. 15 Pakistan Affairs
Difficulty: Medium (1 Mark)
Pakistan's inflation rate fell back to single digits (below 10%) in:
A
August 2025
✓ Correct
B
September 2025
C
November 2025
D
December 2025
💡 Step-by-Step Explanation & Concept Rationale
This followed a period of intense economic stabilization efforts.
Q. 16 Pakistan Affairs
Difficulty: Hard (1 Mark)
The IMF Executive Board approved Pakistan's $3 billion Stand-By Arrangement (SBA) on:
A
30 June 2023
B
5 July 2023
C
12 July 2023
✓ Correct
D
20 July 2023
💡 Step-by-Step Explanation & Concept Rationale
This short-term deal was critical for preventing economic default.
Q. 17 Pakistan Affairs
Difficulty: Medium (1 Mark)
Pakistan's 37-month IMF Extended Fund Facility ($7 billion) was approved on:
A
15 August 2024
B
10 September 2024
C
25 September 2024
✓ Correct
D
5 October 2024
💡 Step-by-Step Explanation & Concept Rationale
The deal was finalized to support long-term structural reforms.
Q. 18 Pakistan Affairs
Difficulty: Easy (1 Mark)
In which district is Pakistan's largest oil field located?
A
Badin
B
Hyderabad
C
Tando M. Khan
D
Attock
✓ Correct
💡 Step-by-Step Explanation & Concept Rationale
The Potohar plateau region in Attock is rich in oil resources.
Q. 19 Pakistan Affairs
Difficulty: Medium (1 Mark)
Pakistan Steel Mills is located in:
A
Lahore
B
Gwadar
C
Karachi
✓ Correct
D
Hyderabad
💡 Step-by-Step Explanation & Concept Rationale
It was established with the technical and financial aid of the USSR.
Q. 20 Pakistan Affairs
Difficulty: Hard (1 Mark)
When did the Government establish the Pakistan Industrial Development Corporation (PIDC)?
A
1948
B
1950
C
1952
✓ Correct
D
1954
💡 Step-by-Step Explanation & Concept Rationale
PIDC was created to promote industrial growth in sectors lacking private investment.
Q. 21 Pakistan Affairs
Difficulty: Easy (1 Mark)
When was Sui Gas first discovered in Pakistan?
A
1950
B
1951
C
1952
✓ Correct
D
1954
💡 Step-by-Step Explanation & Concept Rationale
This discovery in Balochistan provided a major energy source for the country.
Q. 22 Pakistan Affairs
Difficulty: Medium (1 Mark)
Indicate the main reason for the failure of Land Reforms in Pakistan:
A
Stay order from courts
B
Surrendered hilly lands
C
Board of Revenue favor
D
Land transferred to family members
✓ Correct
💡 Step-by-Step Explanation & Concept Rationale
This practice of "benami" transfers allowed many to bypass ceiling limits.
Q. 23 Pakistan Affairs
Difficulty: Hard (1 Mark)
Pakistan's policy interest rate was reduced to 12% by the State Bank of Pakistan in:
A
January 2025
✓ Correct
B
February 2025
C
March 2025
D
April 2025
💡 Step-by-Step Explanation & Concept Rationale
This significant reduction occurred on January 27, 2025.
Q. 24 Pakistan Affairs
Difficulty: Medium (1 Mark)
In March 2025, Pakistan launched a new initiative aimed at boosting which sector?
A
Textile exports
B
IT and freelancing
✓ Correct
C
Agriculture
D
Energy distribution
💡 Step-by-Step Explanation & Concept Rationale
The initiative aimed to enhance digital exports and the tech workforce.
Q. 25 Pakistan Affairs
Difficulty: Medium (1 Mark)
Pakistan's GDP growth target for the fiscal year 2024–25 was revised close to:
A
2.0%
B
3.5%
✓ Correct
C
5.0%
D
6.5%
💡 Step-by-Step Explanation & Concept Rationale
This revision reflected stabilizing economic indicators during the IMF program.
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