No verified paper has been uploaded for AJKPSC-PMS Paper Business Administration 2016 MCQs yet.
The MCQs below are drawn from the Business Administration subject category.
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1371
Which of the following best describes the primary mechanism of fiscal consolidation in the context of economic stabilization policies?
Fiscal consolidation is a policy framework aimed at reducing budget deficits and debt accumulation through disciplined expenditure management and improved tax administration.
Which of the following institutional mechanisms is primarily responsible for the administration of international trade rules and the resolution of trade disputes?
The World Trade Organization (WTO) serves as the primary intergovernmental organization that regulates international trade, administers trade agreements, and provides a forum for dispute settlement.
Sheikh Umer Rehan serves as the Chairman of the PVMA and issued the official statement regarding the stability of edible oil supplies. The other names listed are prominent business figures but do not hold this specific position. [Source: https://www.dawn.com/news/1980381/no-shortage-of-edible-oil-pvma, 10 Mar 2026]
1374
Which regulatory body is responsible for upgrading data dissemination to publish daily petroleum price information?
OGRA is the primary regulator tasked with aligning its internal systems and data dissemination to ensure public transparency under the new daily pricing regime. The other organizations are industry representative bodies rather than government regulators. [Source: https://www.dawn.com/news/2016504/daily-fuel-price-adjustments-to-curb-market-abuse-ensure-fair-prices-petroleum-minister, 18 Jul 2026]
1375
Consider the following statements about the petroleum sector reform announced in July 2026:
1. The reform replaces the weekly price announcement cycle with a daily adjustment mechanism.
2. The policy was approved by the federal cabinet on the directive of the Prime Minister.
3. The Inland Freight Equalisation Margin (IFEM) is being excluded from the new pricing formula.
Which of the statements given above is/are correct?
Statements 1 and 2 are correct as they reflect the core policy shift and the administrative approval process. Statement 3 is incorrect because the Petroleum Division is actively addressing technical matters, including the IFEM, within the new framework rather than excluding it. [Source: https://www.dawn.com/news/2016504/daily-fuel-price-adjustments-to-curb-market-abuse-ensure-fair-prices-petroleum-minister, 18 Jul 2026]
1376
The new daily fuel pricing mechanism in Pakistan is primarily driven by:
The new regime is designed to be a formula-based system driven by market fundamentals to reduce political intervention. It moves away from fixed cycles toward a system similar to daily exchange rate movements. [Source: https://www.dawn.com/news/2016504/daily-fuel-price-adjustments-to-curb-market-abuse-ensure-fair-prices-petroleum-minister, 18 Jul 2026]
1377
Who currently serves as the Petroleum Minister of Pakistan as of July 17, 2026?
Ali Pervaiz Malik is the Petroleum Minister who addressed the press conference regarding the new fuel pricing policy. Attaullah Tarar is the Information Minister, and Shehbaz Sharif is the Prime Minister. [Source: https://www.dawn.com/news/2016227/govt-to-fix-fuel-prices-daily-due-to-renewed-hostilities-in-persian-gulf-petroleum-minister, 17 Jul 2026]
1378
The transition to daily fuel pricing was initiated following renewed hostilities between which two nations?
The government cited fluctuations in international market prices resulting from renewed hostilities between Iran and the US as a primary driver for the shift to daily adjustments. This volatility necessitates a more responsive pricing mechanism. [Source: https://www.dawn.com/news/2016504/daily-fuel-price-adjustments-to-curb-market-abuse-ensure-fair-prices-petroleum-minister, 18 Jul 2026]
1379
What is the primary geopolitical driver cited for the shift to daily fuel price adjustments in Pakistan?
The government explicitly linked the new pricing mechanism to the volatility caused by the ongoing conflict between Iran and the United States. While other factors like currency fluctuation affect prices, the specific trigger for this policy change is the Persian Gulf conflict. [Source: https://www.dawn.com/news/2016227/govt-to-fix-fuel-prices-daily-due-to-renewed-hostilities-in-persian-gulf-petroleum-minister, 17 Jul 2026]
1380
Which of the following institutions is NOT among those the Finance Minister is scheduled to meet during his July 2026 visit?
The Finance Minister's schedule includes meetings with the USTR, Exim Bank, DFC, and the IMF. The World Trade Organization is not listed as a meeting partner for this specific bilateral visit to Washington. [Source: https://www.dawn.com/news/2016679/finance-minister-aurangzeb-arrives-in-us-on-3-day-visit-expected-to-hold-talks-on-trade-finance-investment, 19 Jul 2026]
