YPIP ECONOMIC PORTION

Economic Survey 2018-19 Highlights

GDP Growth 3.29%

Growth in Agri 0.85%

Growth in Industry 1.4%

Growth in Service 4.7%

Investment to GDP Ratio 15.4%

Saving to DGP Ratio 10.75

Per-Capita Income $1497.3

Population 212.8 Million

Census held on March 14, 2017

SBP Policy Rate 12.25% p.a

Budget 2019-20 Highlights

Predicted Growth Rate 2.4%

Size of Budget (Total Expenditure) 7036 Billion

Total Current Expenditure 6192 Billion

Defence Expenditure 1152 Billion

Total Development Expenditure 949 Billion

Net Revenue Estimated 3462 Billion

Fiscal Deficit 3151 Billion (7.2% of GDP)

 THE BUDGET 2019-20

SALIENT FEATURES

The total outlay of budget 2019-20 is Rs 8,238.1 billion. This size is 38.9% higher than the size of
budget estimates 2018-19.

The resource availability during 2019-20 has been estimated at Rs 7,899.1 billion against Rs
4,917.2 billion in the budget estimates of 2018-19.

The provincial share in federal taxes is estimated at Rs 3,254.5 billion during 2019-20, which is
25.7% higher than the budget estimates for 2018-19.

The expenditure on General Public Services is estimated at Rs 5,607.0 billion, which is 76.9% of the
current expenditure.

The overall expenditure during 2019-20 has been estimated at Rs 8,238.1 billion, out of which the
current expenditure is Rs 7,288.1 billion.

The net capital receipts for 2019-20 have been estimated at Rs 831.7 billion against the budget
estimates of Rs 443.1 billion in 2018-19 reflecting an increase of 87.7%.

The total outlay of budget 2019-20 is Rs 8,238.1 billion. This size is 38.9% higher than the size of
budget estimates 2018-19.

The net revenue receipts for 2019-20 have been estimated at Rs 3,462.1 billion indicating an
increase of 12.8% over the budget estimates of 2018-19.

The external receipts in 2019-20 are estimated at Rs 3,032.3 billion. This shows an increase of
171.2% over the budget estimates for 2018-19.

The development expenditure outside PSDP has been estimated at Rs 85.8 billion in the budget
2019-20.
Important Points and Events in the History of Pakistan

 The resolution of Pakistan was passed on March 23, 1940

 Pakistan came into being on August 14, 1947
 The inaugural session of the first Constituent Assembly of Pakistan was chaired
by J.N. Mandal
 The objective resolution of Pakistan was passed on March 12, 1949
 The Constitution of 1956 was enforced on March 23, 1956
 The first Martial Law was imposed on October 07, 1958 (late night)
 The Constitution of 1962 was enforced on June 08, 1962
 The Constitution of 1973 came into effect from August 14, 1973
 ECONOMY OF PAKISTAN

https://sheir.org/edu/economy-of-pakistan/

The major government policies that can be used to pursue its macroeconomic goals
are
(A) fiscal policy and debt policy
(B) fiscal policy and monetary policy
(C) fiscal policy, debt policy and monetary policy
(D) fiscal policy, monetary policy and subsidies

2. The government’s fiscal policy denotes the use of government’s

(A) taxes and expenditure
(B) consumption and investment
(C) taxes and revenue
(D) consumption and expenditure

3. Three main drivers of economic growth are

(A) consumption, investment and employment
(B) savings, investment and debt
(C) revenue, expenditure and savings
(D) consumption, investment and savings

4. Pakistani society like other developing countries has

(A) low marginal propensity to consume
(B) high marginal propensity to consume
(C) high marginal propensity to invest
(D) high employment

5. The total area of Pakistan is __________ km².

(A) 696,095
(B) 796,095
(C) 896,095
(D) 996,095

6. In terms of population, Pakistan is __________ largest country in the world.

(A) fourth
(B) fifth
(C) sixth
(D) seventh

7. According to the recently held census, the total population of Pakistan is

(A) 200.77 million
(B) 207.77 million
(C) 210.77 million
(D) 217.77 million
8. The total GDP of Pakistan in nominal terms is about __________ billion.
(A) $304.4
(B) $314.4
(C) $324.4
(D) $334.4

9. The GDP growth rate in the financial year 2017-18 was recorded as
(A) 4.59%
(B) 4.99%
(C) 5.39%
(D) 5.79%

10. The per capita income in Pakistan is

(A) $1441
(B) $1541
(C) $1641
(D) $1741

11. The three main sectors of Pakistan economy are

(A) agriculture, industry and manufacturing
(B) agriculture, industry and transport
(C) agriculture, education and industry
(D) agriculture, industry and services

12. What sector provides the largest employment in Pakistan?

(A) agriculture
(B) industry
(C) services
(D) manufacturing

13. Which sector is the major source of tax revenues for the government?
(A) agriculture
(B) industry
(C) services
(D) manufacturing

14. What sector is the largest contributor to the GDP?

(A) agriculture
(B) industry
(C) services
(D) manufacturing

15. The recent census was held in 2017, the last census was held in the year
(A) 1998
(B) 2000
(C) 2002
(D) 2004
16. The current inflation rate in Pakistan is about
(A) 3.24%
(B) 3.78%
(C) 4.24%
(D) 4.78%

17. The current unemployment rate in Pakistan is about

(A) 3.9%
(B) 4.9%
(C) 5.9%
(D) 6.9%

18. As of December 2017 the total government debt were stood at

(A) Rs.20,820 billion
(B) Rs.22,820 billion
(C) Rs.24,820 billion
(D) Rs.26,820 billion

19. The most important sub-sector of the industrial sector is

(A) construction
(B) transport
(C) real estate
(D) manufacturing

20. The share of manufacturing sub-sector in the overall industrial sector is

(A) 52.71%
(B) 58.71%
(C) 64.71%
(D) 70.71%

Finance

Which from the following is NOT an example of intangible assets?

(A) Trademarks
(B) Patents
(C) Buildings
(D) Technical expertise

2. The following are the examples of financial assets except?

(A) Stocks
(B) Bank Loan
(C) Bond
(D) Raw material

3. The following are important functions of financial markets:

I. Source of financing
II. Provide liquidity
III. Reduce risk
IV. Source of information
(A) I and IV only
(B) II and III only
(C) I, II and III only
(D) I, II, III and IV

4. The sale of financial assets is also referred to as the

(A) Capital decision
(B) CFO decision
(C) Financing decision
(D) Investment decision

5. The construction of new manufacturing plant is also referred to as the

(A) Capital decision
(B) CFO decision
(C) Financing decision
(D) Investment decision

6. According to the Efficient Market Hypothesis, which from the following is NOT
true?
(A) Analysis predicts price pattern
(B) No money machines
(C) No arbitrage opportunities
(D) Security prices reflect true underlying value of assets

7. According to the weak form of market efficiency __________ past information is

included in the stock price.
(A) no
(B) all
(C) marginal
(D) only a few

8. We say about a particular investment that it is risky, because

(A) it is dangerous
(B) it has low returns
(C) its returns are uncertain
(D) its raw material is unavailable

9. In Finance, risk is calculated by calculating the

(A) mean
(B) variance
(C) standard deviation
(D) kurtosis

10. The sale of bonds by a country or a corporation is referred to as the

(A) Investment decision
(B) financing decision
(C) offering loan
(D) capital structure
SHANGHAI COOPERATION ORGANISATION (SCO), OR SHANGHAI PACT
Created 15 June 2001

Member states by date of membership

Date Country

China

Kazakhstan

26 April 1996 Kyrgyzstan

Russia

Tajikistan

15 June 2001 Uzbekistan

India
9 June 2017

Pakistan

Current Summit held on 14–15 June 2019 in Kyrgyzstan Bishkek

https://pakmcqs.com/category/pakistan-current-affairs-mcqs