If there is crop failure due to external or weather factors results in less supply of commodities, it is called;

• A) Foreign shock
• B) Domestic shock
• C) Demand shock
• D) Supply shock

The performance of financial sector of the country is directly related to the level of country's;

• A) Infrastructure
• B) Development
• C) Agriculture
• D) Population

State Bank of Pakistan (SBP) began operations on;

• A) August 1st 1948
• B) May 1st 1948
• C) July 1st 1948
• D) June 1st 1948

In February 1973, Pakistani Rupee was revalued by 10% due to devaluation of;

• A) Indian Rupee
• B) Pound Sterling
• C) US dollar
• D) Euro

Imports were liberalized during (1964-1966), as the Free list was expanded from four items to;

• A) Forty Items
• B) Fifty Items
• C) Sixty Items
• D) Thirty Items

Financial sector reforms should ultimately have positive impact on the;

• A) Real Economy
• B) Foreign Economy
• C) Neighbor Economy
• D) Nominal Economy

The percentage of non-working population (e.g. children and older 65+), dividing by working-age population percentage, multiplying that percentage by 100 is;

• A) Literacy ratio
• B) Dependency ratio
• C) Labor ratio
• D) Savings ratio

In 1991, to liberalize the trade, the restriction of import licensing except for “negative List”, was;

• A) Enhanced
• B) Abolished
• C) Added
• D) Increased

As per the report of United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), Banking industry in third world generally has;

• A) Competitive structure
• B) Monopolistic structure
• C) No structure
• D) Oligopolistic structure.

One of the important reason due to which imported inflation transferred to the country is;

• A) High Tariff
• B) No Tariff
• C) Zero Tariff
• D) Low Tariff

Trade of capital, technology and information in global market refers to the;

• A) Globalization
• B) None of the given options
• C) Mobilization
• D) Channelization

Council of Islamic Ideology (CII) was asked to develop the blueprint for an interest free economic system in;

• A) 1976
• B) 1979
• C) 1977
• D) 1978

The prices of agricultural products at which government buys wheat, cotton, and sugar, are said to be as;

• A) International Prices
• B) Market prices
• C) Procurement prices
• D) Local Prices

Underdeveloped countries use to have lack of depth and breadth in financial sector to induce savings as they have;

• A) Numerous Educational Institutions
• B) Numerous financial Institutions
• C) Few Financial Institutions
• D) No Financial Institutions

If we observe the inflation trends in Pakistan over the time period, inflation remains;

• A) High
• B) Stagnant
• C) Low
• D) Volatile

In 1948/49, Pakistan’s major trading partners were UK and;

• A) Germany
• B) China
• C) USA
• D) India

The actual role of financial sector is keep low cost of borrowing for financial resources, while encouraging;

• A) Exports
• B) Imports
• C) Consumption
• D) Savings

The international oil prices rose to $103.01 per barrel in 2008 resulted into inflation and;

• A) Global Depression
• B) Global Recession
• C) Global Boom
• D) Global revival

WTO agreement on Textiles and Clothing (ATC) principle was to remove all quantitative restrictions by industrial countries on imports of textiles / clothing from;

• A) Industrial countries
• B) Developed countries
• C) African countries
• D) All countries

Prior to financial sector reforms of 1991, Government’s Debt Management Program was criticized being Poorly managed and;

• A) Highly organized
• B) None of the given options
• C) Highly unorganized
• D) Highly efficient