CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Foreign Exchange Reserves and Exchange Rate
Which transaction tends to use foreign exchange reserves or market FX?
A. Import payments
B. Workers' remittances received
C. Foreign direct investment inflow
D. Export receipts
Correct Answer: A
Imports require payment in foreign currency.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Foreign Exchange Reserves and Exchange Rate
Which transaction tends to add foreign exchange to Pakistan?
A. Export receipts
B. Import payments
C. External debt repayment
D. Capital flight
Correct Answer: A
Export receipts bring foreign currency into the country.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Foreign Exchange Reserves and Exchange Rate
An appreciation of the rupee means:
A. Fewer rupees per dollar
B. More rupees per dollar
C. No exchange rate
D. Higher fiscal deficit by definition
Correct Answer: A
Appreciation raises the rupee's value relative to the dollar.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Foreign Exchange Reserves and Exchange Rate
A depreciation of the Pakistani rupee against the US dollar means:
A. More rupees are required to buy one dollar
B. Fewer rupees are required to buy one dollar
C. The dollar ceases to exist
D. Exports become illegal
Correct Answer: A
Depreciation means the domestic currency loses value relative to the foreign currency.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Foreign Exchange Reserves and Exchange Rate
An increase in SBP reserves, other things equal, generally:
A. Strengthens external buffers
B. Eliminates all public debt
C. Guarantees a fixed exchange rate
D. Ends inflation
Correct Answer: A
Higher reserves improve the country's external liquidity buffer.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Foreign Exchange Reserves and Exchange Rate
Foreign exchange reserves are important mainly because they help Pakistan:
A. Meet external payments and support confidence
B. Set provincial boundaries
C. Conduct the census
D. Collect property tax
Correct Answer: A
Reserves provide foreign-currency liquidity for imports, debt service and other external payments.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Foreign Exchange Reserves and Exchange Rate
Which institution publishes Pakistan's official weekly liquid foreign exchange reserve data?
A. FBR
B. SBP
C. NEPRA
D. NDMA
Correct Answer: B
The State Bank of Pakistan publishes reserve data.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Foreign Exchange Reserves and Exchange Rate
On 2 October 2026, SBP's USD/PKR weighted average offer rate was about:
A. Rs 277.21
B. Rs 287.21
C. Rs 267.21
D. Rs 257.21
Correct Answer: A
The weighted average offer was Rs 277.2149.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Foreign Exchange Reserves and Exchange Rate
On 2 October 2026, SBP's USD/PKR weighted average bid rate was about:
A. Rs 246.79
B. Rs 266.79
C. Rs 276.79
D. Rs 296.79
Correct Answer: C
SBP showed a weighted average bid of Rs 276.7898 per US dollar.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Foreign Exchange Reserves and Exchange Rate
As of 25 September 2026, commercial banks' net foreign reserves were approximately:
A. $5.33 billion
B. $10.33 billion
C. $15.33 billion
D. $21.44 billion
Correct Answer: A
Commercial banks held about $5.3317 billion.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Foreign Exchange Reserves and Exchange Rate
As of 25 September 2026, Pakistan's total liquid foreign exchange reserves were approximately:
A. $21.44 billion
B. $26.77 billion
C. $31.10 billion
D. $17.03 billion
Correct Answer: B
Total liquid reserves were $26.7709 billion.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Foreign Exchange Reserves and Exchange Rate
As of 25 September 2026, SBP's liquid foreign exchange reserves were approximately:
A. $15.4 billion
B. $18.2 billion
C. $21.44 billion
D. $26.77 billion
Correct Answer: C
SBP reported reserves of $21.4392 billion as of 25 September 2026.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Federal Budget 2026–27
The budget's climate and disaster tagging is designed to:
A. Identify allocations related to climate/disaster objectives
B. Set the exchange rate
C. Calculate remittances
D. Determine election constituencies
Correct Answer: A
The Budget in Brief includes climate and disaster tagging of allocations.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Federal Budget 2026–27
Privatization proceeds, when budgeted, are generally treated as:
A. A financing/resource item
B. Income tax
C. Workers' remittance
D. Trade deficit
Correct Answer: A
Privatization proceeds can form part of budget financing/resources.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Federal Budget 2026–27
The federal deficit is financed through a combination of:
A. Domestic and external financing
B. Only remittances
C. Only exports
D. Only provincial taxes
Correct Answer: A
Budgets typically use domestic and external financing sources.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Federal Budget 2026–27
Which policy mix can support fiscal consolidation?
A. Higher revenue mobilization and controlled expenditure
B. Lower taxes and higher spending without financing
C. Permanent monetization only
D. Ignoring debt service
Correct Answer: A
Consolidation requires improving the revenue-expenditure balance.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Federal Budget 2026–27
A tax-to-GDP ratio broadly measures:
A. Tax collection relative to economic output
B. Exports relative to imports
C. Reserves relative to debt
D. Population relative to land
Correct Answer: A
It measures tax mobilization relative to GDP.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Federal Budget 2026–27
Why can actual fiscal deficit differ from budget target?
A. Revenue and expenditure outcomes can deviate from assumptions
B. The definition of deficit changes daily
C. GDP is never measured
D. Budgets are not implemented
Correct Answer: A
Economic conditions and execution affect actual receipts and spending.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Federal Budget 2026–27
Which source is most authoritative for Pakistan's federal budget MCQs?
A. Finance Division budget documents
B. Unverified social media post
C. Anonymous blog
D. Random messaging group
Correct Answer: A
Official Finance Division documents are primary sources.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Federal Budget 2026–27
Which budget number should candidates update most carefully in current affairs preparation?
A. Year-specific targets and allocations
B. Definition of taxation
C. Meaning of GDP
D. Meaning of subsidy
Correct Answer: A
Targets and allocations change each fiscal year.