Foreign Loan For Pakistan Test Online

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Question 1

1. What was a significant challenge faced by Pakistan's economy leading up to the 2024 IMF loan approval?

Answer

Trade surplus

Answer

Low unemployment rates

Answer

High inflation rates

Answer

Excessive foreign reserves

Question 2

2. As of 2024, how many times has Pakistan entered into loan agreements with the IMF?

Question 3

3. How did the IMF describe Pakistan's economic improvements in 2024?

Answer

Insufficient

Answer

Significant

Question 4

4. What was the immediate disbursement amount Pakistan received from the IMF's $7 billion loan in 2024?

Answer

$3 billion

Answer

$2 billion

Answer

$1 billion

Answer

$500 million

Question 5

5. What was the primary purpose of the IMF's $7 billion loan to Pakistan in 2024?

Answer

Economic stabilization

Answer

Infrastructure development

Answer

Military expenditure

Answer

Educational reforms

Question 6

6. Which international financial institution is often referred to as the "lender of last resort"?

Answer

European Central Bank (ECB)

Answer

World Bank

Answer

International Monetary Fund (IMF)

Answer

Asian Development Bank (ADB)

Question 7

7. What was the duration over which Pakistan was to receive the $7 billion IMF loan approved in 2024?

Question 8

8. Which of the following is a potential negative consequence of repeated borrowing from the IMF?

Answer

Reduction in inflation

Answer

Strengthened national currency

Answer

Increased foreign investment

Answer

Loss of economic sovereignty

Question 9

9. What was the primary goal of the fiscal reforms implemented by Pakistan under the IMF program in 2024?

Answer

Increase import tariffs

Answer

Reduce the fiscal deficit

Answer

Expand the defense budget

Answer

Promote foreign tourism

Question 10

10. In 2019, Pakistan secured a loan of approximately $6.5 billion from which institution?

Answer

Asian Development Bank (ADB)

Answer

World Bank

Answer

Islamic Development Bank (IsDB)

Answer

International Monetary Fund (IMF)

Question 11

11. What is a common condition imposed by the IMF for granting loans to countries like Pakistan?

Answer

Increasing military expenditure

Answer

Expanding public sector employment

Answer

Implementing fiscal consolidation

Answer

Reducing export tariffs

Question 12

12. How does the IMF's loan conditionality potentially impact poverty levels in borrowing countries like Pakistan?

Answer

Has no impact on poverty

Answer

Exacerbates poverty

Answer

Decreases poverty

Answer

Eliminates poverty

Question 13

13. What was the expected impact of the IMF's loan on Pakistan's foreign exchange reserves in 2024?

Answer

Complete depletion

Question 14

14. What is a common criticism of IMF loan programs in developing countries like Pakistan?

Answer

They provide excessive financial aid without conditions

Answer

They lead to increased foreign investment

Answer

They focus too much on environmental issues

Answer

They impose austerity measures that can hurt economic growth

Question 15

15. Which of the following is a significant concern associated with Pakistan's repeated IMF loans?

Answer

Increase in external debt

Answer

Decrease in foreign reserves

Answer

Decline in remittances

Answer

Reduction in tax revenues

Question 16

16. Which sector is most affected by the IMF's loan conditionality focused on fiscal consolidation in Pakistan?

Answer

Social welfare

Answer

Healthcare

Answer

All of the above

Question 17

17. What is the Resilience and Sustainability Trust (RST) in the context of IMF programs?

Answer

A grant for educational projects

Answer

An initiative to support economic reforms and resilience

Answer

A program for infrastructure development

Answer

A fund for military aid

Question 18

18. Which international financial institution is often referred to as the "lender of last resort" for countries facing economic crises?

Answer

Asian Development Bank (ADB)

Answer

World Bank

Answer

European Central Bank (ECB)

Answer

International Monetary Fund (IMF)

Question 19

19. Which international financial institution approved a $7 billion loan for Pakistan in September 2024?

Answer

Asian Development Bank (ADB)

Answer

International Monetary Fund (IMF)

Answer

Islamic Development Bank (IsDB)

Answer

World Bank

Question 20

20. What was the primary reason for Pakistan seeking IMF assistance in 2024?

Answer

Economic crisis

Answer

Political instability

Answer

Military conflict

Answer

Natural disasters

Question 21

21. Which international financial institution approved a $7 billion loan for Pakistan in September 2024?

Answer

International Monetary Fund (IMF)

Answer

Islamic Development Bank (IsDB)

Answer

Asian Development Bank (ADB)

Answer

World Bank

Question 22

22. What was a significant condition imposed by the IMF for Pakistan's loan approval in 2024?

Answer

Reduction in foreign aid

Answer

Implementation of fiscal reforms

Answer

Increase in military spending

Answer

Expansion of the agricultural sector

Question 23

23. What percentage of Pakistan's government revenues is required to service its debt interest payments as of 2024?

Question 24

24. As of February 2023, what were Pakistan's foreign reserves approximately valued at?

Answer

$8 billion

Answer

$3 billion

Answer

$10 billion

Answer

$5 billion

Question 25

25. Which country experienced a debt crisis similar to Pakistan's, as mentioned in the context of IMF loans?

Answer

Bangladesh

Question 26

26. Which sector in Pakistan was most affected by the fiscal reforms linked to the IMF loan in 2024?

Answer

Technology

Answer

Agriculture

Answer

Middle-class taxpayers

Question 27

27. Which country's support was acknowledged by Pakistan's Prime Minister in securing the IMF loan in 2024?

Answer

United States

Answer

United Kingdom

Question 28

28. How did the IMF's loan approval in 2024 aim to support Pakistan's economy?

Answer

By reducing foreign investments

Answer

By stabilizing the economy and promoting growth

Answer

By increasing foreign debt

Answer

By limiting exports

Question 29

29. In response to the IMF's requirements, what measures did Pakistan implement in 2024?

Answer

Expanded subsidies on fuel

Answer

Decreased energy prices

Answer

Reduced public sector employment

Answer

Increased taxes and energy prices

Question 30

30. As of 2024, how many times has Pakistan entered into loan agreements with the IMF?

Question 31

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Test Updated On	2025-03-11
Total Questions:	20
Time Allowed:	20 Minutes
Total Marks:	20
How to Attempt Test:	Read the Question and Options Carefully. Choose One Option from the Given. See Answer for Right Option or submit the Quiz to check your Score.
Test Helpful For:	Pakistan Current Affairs for Interview Pakistan General Knowledge for Interview Current Affair for Written Test General Knowledge for Written Test Interview Preparation

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Foreign Loan For Pakistan Test Online

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