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The MCQs below are drawn from the Current Affairs subject category.
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64161
Which of the following institutions is primarily tasked with providing technical assistance and policy advice to member countries to ensure macroeconomic stability?
The IMF's core mandate involves monitoring global economic developments and providing policy advice and financial assistance to countries experiencing actual or potential balance of payments problems.
The WTO was established by the Marrakesh Agreement to provide a common institutional framework for the conduct of trade relations among its members, focusing on trade policy review and dispute settlement.
The National Economic Council (NEC) is the supreme forum for economic decision-making. The FBR is a revenue collection agency, and the NFC is responsible for the distribution of financial resources. [Source: https://www.dawn.com/news/2006648/finance-minister-aurangzeb-to-present-budget-for-fy2026-27-on-june-12, 10 Jun 2026]
64164
Which of the following institutional frameworks is primarily designed to facilitate policy coordination among advanced economies to promote global economic growth?
The OECD serves as a forum for member countries to compare policy experiences, seek answers to common problems, and coordinate domestic and international policies, distinguishing it from trade-focused or development-focused institutions.
In the context of fiscal federalism, which mechanism is typically employed to address vertical fiscal imbalances between central and sub-national governments?
Fiscal federalism involves the division of governmental functions and financial relations. Vertical fiscal imbalances occur when central governments have more revenue-raising capacity than sub-national units, necessitating intergovernmental transfers to balance expenditures.
Consider the following statements about the federal budget for FY2026-27:
1. The budget presentation is scheduled for June 12, 2026.
2. Provincial shares from the federal divisible pool are proposed to be increased significantly.
3. The government aims to cover an estimated Rs800 billion revenue shortfall.
Statement 1 is correct regarding the date. Statement 3 is correct regarding the revenue shortfall. Statement 2 is incorrect because the agreement stipulates that provincial shares will remain frozen at the current fiscal year's position. [Source: https://www.dawn.com/news/2006648/finance-minister-aurangzeb-to-present-budget-for-fy2026-27-on-june-12, 10 Jun 2026]
64167
What is the total value of the national development programme unveiled for the upcoming fiscal year?
The total national development programme is valued at Rs4.715 trillion. The other figures represent specific components like provincial ADPs (Rs3.138 trillion) or federal PSDP (Rs1.126 trillion). [Source: https://www.dawn.com/news/2006648/finance-minister-aurangzeb-to-present-budget-for-fy2026-27-on-june-12, 10 Jun 2026]
64168
Which of the following is NOT a condition under which a member of a Parliamentary Party can be declared to have defected under Article 63?
Article 63 specifies defection in cases of resigning from a party, joining another, or voting/abstaining contrary to party direction on the election of the Prime Minister, votes of confidence/no-confidence, or Money/Constitution Amendment Bills. Voting on a private member's bill is not explicitly listed as a ground for disqualification under this specific constitutional clause. [Source: https://www.dawn.com/news/2006413/president-zardari-summons-na-senate-sessions-on-june-10, 09 Jun 2026]
64169
Which of the following represents a core pillar of the 'Washington Consensus' policy framework for economic stabilization?
The Washington Consensus emphasizes market-oriented reforms, including fiscal discipline, tax reform, and trade liberalization, to stabilize economies and promote growth.
The IMF's core mandate focuses on maintaining international monetary cooperation and providing financial assistance to countries experiencing balance of payments difficulties to ensure economic stability.
