1
The central bank of Pakistan is the:
Correct answer: A. State Bank of Pakistan
The State Bank of Pakistan, headquartered in Karachi, issues currency notes and sets monetary policy.
easy
Economy of Pakistan MCQs
Solved MCQs on Pakistan's economy: State Bank, fiscal year, taxes, NFC Award, crops, minerals, energy projects and CPEC, with short explanations.
25 MCQsUpdated 27 October 2026
These MCQs cover the economy of Pakistan: the State Bank and SECP, the NFC Award, cropping seasons, mineral projects such as Reko Diq, major industries and institutions such as Pakistan Steel Mills.
Economy questions mix institutions, resources and policies. Learn what each institution regulates and where each major project or industry is located.
- 2
Pakistan's fiscal (financial) year runs from:
Correct answer: B. 1 July to 30 June
The federal budget is presented each June for the fiscal year beginning on 1 July.
easy - 3
Which body is responsible for collecting federal taxes in Pakistan?
Correct answer: B. Federal Board of Revenue (FBR)
The FBR administers federal taxes such as income tax, sales tax on goods, customs and federal excise.
easy - 4
The Securities and Exchange Commission of Pakistan (SECP) mainly regulates:
Correct answer: D. Companies, the stock market and insurance
SECP registers companies and regulates the capital market, insurance and non-bank financial companies. Banks are regulated by the State Bank.
Read detailsmedium - 5
The Pakistan Stock Exchange (PSX) was formed in 2016 by merging the stock exchanges of:
Correct answer: C. Karachi, Lahore and Islamabad
The Karachi, Lahore and Islamabad stock exchanges were merged into the Pakistan Stock Exchange in January 2016.
medium - 6
The National Finance Commission (NFC) Award decides:
Correct answer: B. Distribution of revenue between the federation and the provinces
Under Article 160 of the Constitution, the NFC recommends how divisible tax revenue is shared between the federal government and the provinces.
Read detailsmedium - 7
The 7th NFC Award, which significantly increased the provinces' share, was agreed in:
Correct answer: C. 2009
The 7th NFC Award was signed in December 2009 and took effect from July 2010, raising the provinces' share of the divisible pool.
Read detailshard - 8
Which is Pakistan's largest export sector?
Correct answer: D. Textiles and clothing
Textiles and clothing, including cotton yarn, cloth, knitwear and bedwear, earn more export income than any other sector.
Read detailseasy - 9
Which is the main staple food crop of Pakistan?
Correct answer: A. Wheat
Wheat is the staple food and the largest crop by area. It is sown in winter (rabi) and harvested in spring.
easy - 10
Cotton is mainly a crop of which season in Pakistan?
Correct answer: C. Kharif (summer)
Kharif crops such as cotton, rice and sugarcane are sown in summer. Rabi crops such as wheat and gram are sown in winter.
Read detailsmedium - 11
The Sui gas field, discovered in 1952, is located in which province?
Correct answer: A. Balochistan
The Sui field in Dera Bugti district, Balochistan, was long Pakistan's main natural gas source, which is why piped gas is often called "Sui gas".
Read detailseasy - 12
The Thar coalfield is located in which province?
Correct answer: A. Sindh
The Thar coalfield in Tharparkar district, Sindh, holds one of the largest lignite coal reserves in the world.
easy - 13
Reko Diq, known for its large copper and gold deposits, is located in:
Correct answer: B. Chagai, Balochistan
Reko Diq in Chagai district is one of the world's largest undeveloped copper-gold deposits. The nearby Saindak project also mines copper and gold.
Read detailsmedium - 14
The China–Pakistan Economic Corridor (CPEC) connects China's Xinjiang region with which Pakistani port?
Correct answer: D. Gwadar
CPEC links Kashgar in Xinjiang to Gwadar port in Balochistan through roads, energy projects and economic zones.
easy - 15
Major CPEC agreements were signed during the Chinese President's visit to Pakistan in:
Correct answer: C. 2015
President Xi Jinping's visit to Islamabad in April 2015 saw the signing of dozens of CPEC agreements and memorandums.
medium - 16
Pakistan Steel Mills, the country's largest steel plant, was built in Karachi with the help of:
Correct answer: A. The Soviet Union
Pakistan Steel Mills at Bin Qasim, Karachi, was built with Soviet technical and financial assistance in the 1970s and 1980s.
Read detailsmedium - 17
Pakistan's first nuclear power plant, KANUPP, is located in:
Correct answer: C. Karachi
The Karachi Nuclear Power Plant (KANUPP) started producing electricity in 1972. Later plants were built at Chashma and Karachi (K-2 and K-3).
Read detailsmedium - 18
The Chashma Nuclear Power Plants are located in which province?
Correct answer: D. Punjab
The Chashma plants are on the Indus near Chashma in Mianwali district, Punjab.
hard - 19
WAPDA, responsible for water and hydropower development, was established in:
Correct answer: B. 1958
The Water and Power Development Authority was set up in 1958. It later built the Mangla and Tarbela dams.
medium - 20
Pakistan's first Five-Year Plan covered the period:
Correct answer: B. 1955–60
The First Five-Year Plan (1955–60) was prepared by the Planning Board. The Second Plan (1960–65) is often regarded as the most successful.
Read detailshard