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MCQs of Economics & Political economy
The Pakistan Economic Survey 2022-23 provides a snapshot of the country’s economic performance over the past year. Despite facing significant challenges like devastating floods and a global economic slowdown, Pakistan’s economy showed resilience, with a small GDP growth of 0.29%. This survey covers various sectors, including agriculture, industry, and services, and highlights their contributions and struggles. This article summarizes some most important key facts and figures from the survey, offering valuable insights to help you understand Pakistan’s economic landscape and prepare effectively for FPSC tests.
Economic Growth and GDP
- Real GDP Growth: 0.29% in FY2023.
- GDP at Current Market Prices: Rs 84,657.9 billion, 27.1% growth.
- Per Capita Income: US$1,568.
- Investment to GDP Ratio: 13.6% in FY2023, down from 15.6% in FY2022. » Read More…
According to the Pakistan Economic Survey 2022-23, what is the literacy rate in the country?
A. 23.4%
B. 51.9%
C. 62.8%
D. 78.8%
Show Answer…...Hide AnswerCorrect Answer: C (62.8%)
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What impact does high population growth have on economic prosperity?
A. Enhances economic prosperity
B. Has no effect on economic prosperity
C. Impedes economic prosperity
D. Encourages economic prosperity
Show Answer......Hide AnswerCorrect Answer: C. (Impedes economic prosperity)
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A. 58%
B. 63%
C. 68%
D. 75%
Show Answer…...Hide AnswerCorrect Answer: 63%
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How much of its GDP does Pakistan from 2021-22 spend on education?
A. 1.57% of GDP
B. 1.77% of GDP
C. 2.10% of GDP
D. 6.00% of GDP
Show Answer…...Hide AnswerCorrect Answer: 1.77% of GDP
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IMF Board has approved the revival of the Pakistan EFF program. It will be getting the 7th & 8th tranches of how many billion $?
A. $1.17 billion
B. $2.0 billion
C. $2.5 billion
D. $3.5 billion
Show Answer…...Hide AnswerCorrect Answer: $1.17 billion
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According to SBP, Pakistan total debt and liabilities increased by how many trillion Rupees in FY22?
A. Rs10.85 trillion
B. Rs11.85 trillion
C. Rs12.85 trillion
D. Rs13.85 trillion
Show Answer…...Hide AnswerCorrect Answer: Rs11.85 trillion
» Read More…