Pakistan Economy MCQs with Answers 2026

1. Pakistan’s economy is classified as:

a) Developed    b) Developing ✅    c) Least developed    d) Undeveloped

2. The largest sector of Pakistan’s GDP is:

a) Agriculture    b) Industry    c) Services ✅    d) Mining

3. Agriculture contributes approximately _____ to GDP:

a) 10%    b) 19-22% ✅    c) 40%    d) 50%

4. Pakistan’s main crop is:

a) Rice    b) Wheat ✅    c) Cotton    d) Sugarcane

5. Pakistan is the _____ largest producer of cotton:

a) 2nd    b) 3rd    c) 4th-5th ✅    d) 10th

6. The main export of Pakistan is:

a) Oil    b) Rice    c) Textiles and garments ✅    d) Machinery

7. Pakistan’s main import is:

a) Food    b) Petroleum/Oil products ✅    c) Clothes    d) Machinery

8. The fiscal year in Pakistan runs from:

a) Jan-Dec    b) April-March    c) July-June ✅    d) Oct-Sep

9. GDP stands for:

a) Gross Domestic Product ✅    b) General Domestic Product    c) Grand Domestic Price    d) Gross Development Product

10. GNP stands for:

a) Gross National Product ✅    b) General National Product    c) Grand National Price    d) Gross Net Product

11. Per capita income means:

a) Total income    b) Average income per person ✅    c) Company income    d) Tax income

12. Inflation means:

a) Price decrease    b) General increase in price level ✅    c) Stable prices    d) Deflation

13. Pakistan’s population is approximately:

a) 240+ million ✅    b) 150 million    c) 300 million    d) 100 million

14. State Bank of Pakistan was established in:

a) 1947    b) 1948 ✅    c) 1950    d) 1956

15. SBP headquarters is in:

a) Islamabad    b) Lahore    c) Karachi ✅    d) Rawalpindi

16. The largest bank of Pakistan (by assets) is:

a) MCB    b) UBL    c) National Bank of Pakistan ✅    d) HBL

17. FBR stands for:

a) Federal Board of Revenue ✅    b) Federal Bank of Revenue    c) Federal Bureau of Research    d) Finance Board of Revenue

18. GST stands for:

a) General Sales Tax ✅    b) Gross Sales Tax    c) Government Sales Tax    d) Grand Sales Tax

19. SECP stands for:

a) Securities and Exchange Commission of Pakistan ✅    b) State Exchange Commission    c) Stock Exchange Control    d) Security Exchange Central

20. Pakistan Stock Exchange is in:

a) Islamabad    b) Lahore    c) Karachi ✅    d) Rawalpindi

21. Microfinance means:

a) Large loans    b) Small loans to low-income individuals ✅    c) Government loans    d) Foreign loans

22. The main revenue source for government is:

a) Foreign aid    b) Taxation ✅    c) Exports    d) Tourism

23. Direct tax includes:

a) Sales tax    b) Customs duty    c) Income tax ✅    d) Excise duty

24. Indirect tax includes:

a) Income tax    b) Sales tax, customs duty ✅    c) Property tax    d) Wealth tax

25. KIBOR stands for:

a) Karachi Interbank Offered Rate ✅    b) Karachi Investment Bank Rate    c) Kashmir Internal Bank Rate    d) Karachi Interest Base Offer Rate

26. Remittances means:

a) Government spending    b) Money sent by overseas workers back home ✅    c) Foreign aid    d) Bank interest

27. Pakistan’s main trading partner is:

a) USA    b) India    c) China ✅    d) UK

28. CPEC stands for:

a) China Pakistan Economic Corridor ✅    b) Central Pakistan Economic Corridor    c) China Punjab Economic Corridor    d) Central Provincial Economic Corridor

29. CPEC total investment is approximately:

a) $10 billion    b) $25 billion    c) $46+ billion ✅    d) $100 billion

30. Gwadar Port is being developed with:

a) USA    b) India    c) China ✅    d) Russia

31. The textile industry contributes approximately _____ of exports:

a) 30%    b) 40%    c) 50%    d) 60%+ ✅

32. Pakistan’s IT exports are:

a) Decreasing    b) Stagnant    c) Growing rapidly ✅    d) Zero

33. SEZ stands for:

a) Special Economic Zone ✅    b) State Economic Zone    c) Standard Export Zone    d) Social Economic Zone

34. The largest industrial city of Pakistan is:

a) Lahore    b) Islamabad    c) Karachi ✅    d) Faisalabad

35. Faisalabad is known for:

a) IT    b) Oil    c) Textiles (Manchester of Pakistan) ✅    d) Mining

36. Pakistan Steel Mills is located in:

a) Lahore    b) Islamabad    c) Karachi ✅    d) Peshawar

37. Wah Ordnance Factory produces:

a) Textiles    b) Weapons/ammunition ✅    c) Food    d) Electronics

38. The main agricultural exports are:

a) Machinery    b) Rice, cotton, fruits ✅    c) Oil    d) Electronics

39. Pakistan’s major import source is:

a) USA    b) India    c) China ✅    d) UK

40. HDI stands for:

a) Human Development Index ✅    b) High Development Index    c) Human Digital Index    d) Health Development Index

41. Pakistan’s HDI ranking is approximately:

a) 50th    b) 100th    c) 161st (low) ✅    d) 10th

42. The poverty rate in Pakistan is approximately:

a) 5%    b) 15%    c) 21-39% ✅    d) 50%

43. The unemployment rate is approximately:

a) 2%    b) 6-8% ✅    c) 15%    d) 25%

44. Circular debt is related to:

a) Banking    b) Energy/power sector ✅    c) Agriculture    d) Education

45. Load shedding is caused by:

a) Excess power    b) Energy shortfall and circular debt ✅    c) Too many power plants    d) Low demand

46. The largest contributor to tax revenue is:

a) Agriculture    b) FBR (income tax + sales tax) ✅    c) Customs    d) Province

47. Pakistan’s external debt is approximately:

a) $50 billion    b) $80 billion    c) $130+ billion ✅    d) $200 billion

48. IMF stands for:

a) International Monetary Fund ✅    b) International Money Fund    c) Internal Market Fund    d) International Market Finance

49. Pakistan has taken _____ IMF programs:

a) 5    b) 10    c) 15    d) 20+ ✅

50. PSDP stands for:

a) Public Sector Development Programme ✅    b) Pakistan Social Development Plan    c) Provincial Sector Development    d) Public Service Delivery Plan

51. NFC Award distributes:

a) Foreign aid    b) Tax revenue between federation and provinces ✅    c) Military budget    d) Education funds

52. The 18th Amendment devolved _____ to provinces:

a) Military    b) Foreign affairs    c) Many federal subjects including education and health ✅    d) Trade