CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The Planning Commission is mainly responsible for:
A. Development planning and public investment coordination
B. Printing currency
C. Collecting customs duties
D. Regulating banks
Correct Answer: A
It formulates development strategies and oversees planning and the PSDP.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The Pakistan Bureau of Statistics is responsible for:
A. Official statistics and censuses
B. Setting interest rates
C. Managing stockbrokers
D. Issuing passports
Correct Answer: A
PBS compiles national accounts, price indices, censuses and other official data.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Following the 18th Constitutional Amendment, sales tax on most services is collected by:
A. Provincial revenue authorities
B. The United Nations
C. Only SBP
D. District courts
Correct Answer: A
Provinces established revenue authorities to administer sales tax on services.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Sales tax on goods in Pakistan is principally a:
A. Federal tax
B. District tax
C. Village tax
D. Foreign tax
Correct Answer: A
The federal government levies sales tax on the sale and supply of goods and on imports.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The Federal Board of Revenue collects:
A. Federal taxes and customs duties
B. Provincial irrigation charges only
C. Electricity tariffs
D. Stock exchange fees only
Correct Answer: A
FBR administers income tax, sales tax, federal excise and customs.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The institution responsible for federal tax administration is:
A. SECP
B. FBR
C. PBS
D. NEPRA
Correct Answer: B
The Federal Board of Revenue administers major federal taxes and customs.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The policy rate is set by the State Bank's:
A. National Finance Commission
B. Monetary Policy Committee
C. Council of Common Interests
D. Planning Board
Correct Answer: B
The Monetary Policy Committee decides the policy rate.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The main objective of monetary policy is to promote:
A. Price stability while supporting sustainable growth
B. Only stock prices
C. Only customs revenue
D. Provincial taxation
Correct Answer: A
Modern central banking focuses on price and monetary stability consistent with sustainable growth.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The primary monetary-policy institution in Pakistan is:
A. Planning Commission
B. State Bank of Pakistan
C. FBR
D. Privatisation Commission
Correct Answer: B
SBP formulates and implements monetary policy.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The central bank of Pakistan is the:
A. National Bank of Pakistan
B. State Bank of Pakistan
C. Pakistan Stock Exchange
D. Federal Board of Revenue
Correct Answer: B
The State Bank of Pakistan is the country's central bank.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The most accurate description of Pakistan's post-1947 development path is:
A. A steady uninterrupted rise
B. Periods of growth alternating with political and macroeconomic shocks
C. Complete economic isolation
D. No structural change
Correct Answer: B
Pakistan has experienced varied growth episodes, reforms, wars, external shocks and stabilization cycles.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Pakistan's economic history shows that high growth without export competitiveness can lead to:
A. External-account pressure
B. Automatic debt elimination
C. Permanent currency appreciation
D. Zero imports
Correct Answer: A
Import-intensive growth without adequate exports creates current-account and reserve pressures.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The transition from stabilization to sustainable growth requires:
A. Structural reforms and productive investment
B. Permanent import bans only
C. Only higher consumption
D. Eliminating all private firms
Correct Answer: A
Durable growth requires productivity, competition, investment, exports and stronger institutions.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Pakistan's stabilization programmes generally seek to restore:
A. Macroeconomic stability
B. Provincial boundaries
C. Monsoon rainfall
D. Crop rotation only
Correct Answer: A
Stabilization focuses on inflation, fiscal balances, reserves, exchange rates and debt sustainability.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
A recurring balance-of-payments problem arises when:
A. Import payments persistently exceed foreign-exchange earnings
B. Exports exceed imports
C. Reserves rise rapidly
D. Remittances increase
Correct Answer: A
A persistent foreign-exchange gap creates financing needs and pressure on reserves and the exchange rate.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
A recurring constraint on Pakistan's growth has been:
A. Low savings and investment
B. Excessive export diversification
C. Very high tax compliance
D. Absence of energy demand
Correct Answer: A
Low domestic savings and investment limit productive capacity and long-run growth.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The phrase 'boom-bust cycle' in Pakistan's economic history often refers to:
A. Growth followed by external-account and stabilization crises
B. Alternating wheat and rice seasons
C. Changes in the fiscal year
D. Stock splits only
Correct Answer: A
Growth periods have frequently produced import and external-financing pressures followed by adjustment.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The 2022 floods damaged Pakistan's economy through losses in:
A. Agriculture, housing and infrastructure
B. Only the capital market
C. Only telecommunications
D. Only customs administration
Correct Answer: A
The floods destroyed crops, homes, livestock and infrastructure and increased fiscal and external pressures.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
Pakistan's policy response to COVID-19 included support for:
A. Households and businesses
B. Only foreign governments
C. Only stockbrokers
D. No economic group
Correct Answer: A
Fiscal, social-protection and monetary measures were used to cushion the shock.
CSS - PMS - CCE - PCS - Pakistan Affairs (P.A)
1947 - Present - Economy - Economy of PakistanSectors and Indicators
The COVID-19 shock affected Pakistan's economy mainly through:
A. Disrupted production, trade and employment
B. Abolition of digital services
C. Permanent zero inflation
D. No impact on health spending
Correct Answer: A
Lockdowns and global disruption affected output, jobs, trade and public finances.