A. More than 2%
B. More than 3%
C. More than 4%
D. More than 6%
Explanation:
The finance minister expressed the expectation that Pakistan’s economy would grow by over 4%. This was a government projection reported by Reuters, not a final confirmed growth figure. Privatization was also part of the government’s plans to raise funds and reform state-owned businesses.
Important exam facts
- Finance Minister: Muhammad Aurangzeb
- Key economic themes: economic growth, privatization, fiscal reforms, foreign financing
- Reported privatization target: more than $1 billion
- Pakistan’s IMF-supported program includes economic reforms.
Related MCQs
Q: What does privatization mean?
Answer: Transferring ownership or control of a business from the public sector to the private sector.
Q: Which institution is known as the International Monetary Fund?
Answer: IMF. Explanation: The IMF supports international monetary cooperation and financial stability.
Q: What does GDP stand for?
Answer: Gross Domestic Product. Explanation: GDP measures the value of final goods and services produced within an economy during a specified period.
Q: Which sector did Pakistan’s finance minister describe as holding up amid economic challenges?
Answer: Agriculture.
Q: What is a fiscal year?
Answer: A 12-month accounting period used for budgets and financial reporting. Key points
Key Points:
- A projected growth rate is not the same as a final measured growth rate.
- Understand the difference between privatization and nationalization.
- Revise GDP, fiscal policy, and IMF programs.
Exam tip: Questions may test the finance minister’s name, the projected growth rate, the privatization target, and basic economic terminology.