General Knowledge MCQs
Topic Notes: General Knowledge
MCQs and preparation resources for competitive exams, covering important concepts, past papers, and detailed explanations.
Plato
- Biography: Ancient Greek philosopher (427–347 BCE), student of Socrates and teacher of Aristotle, founder of the Academy in Athens.
- Important Ideas:
- Theory of Forms
- Philosopher-King
- Ideal State
41
Which tax was imposed on milk sold by corporate farms or brands in the 2024-25 Budget?
Answer:
18% General Sales Tax (GST)
The 2024-25 budget removed the zero-rating status for packaged milk sold by corporate farms and brands, subjecting it to an 18% General Sales Tax.
42
The Federal Board of Revenue (FBR) set a tax collection target of approximately what amount for the fiscal year 2024-25?
Answer:
Rs 12.97 Trillion
The government set an ambitious tax revenue target of Rs 12.97 trillion for FY 2024-25, aiming for a roughly 40% increase over the previous year's collection.
43
What was the projected Real GDP growth rate for Pakistan for the year 2025 as per major economic outlooks?
Answer:
2.7%
Economic projections by institutions like the IMF and ADB forecasted Pakistan's Real GDP growth to be approximately 2.7% for the fiscal year 2025.
44
The proposed Free Trade Agreement (FTA) between Pakistan and the Gulf Cooperation Council (GCC) covers which key sectors?
Answer:
Goods and Services, including IT and Telecommunications
The draft Pakistan-GCC FTA includes comprehensive coverage of trade in goods and services, specifically mentioning sectors like IT, telecommunications, financial services, and construction.
45
Which international financial institution reached a staff-level agreement with Pakistan for the Second Review of the EFF in October 2025?
Answer:
International Monetary Fund (IMF)
The IMF reached a staff-level agreement with Pakistan in October 2025 regarding the Second Review of the 37-month Extended Fund Facility (EFF).
46
In the Federal Budget 2024-25, the government increased the tax rate on capital gains from securities for non-filers to a maximum of:
Answer:
45%
The 2024-25 budget significantly tightened the tax net for non-filers, setting the capital gains tax (CGT) on securities for non-filers at normal rates with a maximum slab of 45%.
47
The second phase of the China-Pakistan Economic Corridor (CPEC) primarily focuses on which new corridors?
Answer:
Growth, Livelihood, Innovation, Green, and Regional Connectivity
CPEC Phase-II has expanded to include five new corridors: Growth, Livelihood-Enhancing, Innovation, Green, and Opening-Up/Regional Connectivity, emphasizing industrial cooperation and agriculture.
48
Which major state-owned entity is set to have 75% of its shares privatized as of November 2025?
Answer:
Pakistan International Airlines (PIA)
The government has finalized the plan to privatize 75% of Pakistan International Airlines (PIA), with the bidding process involving pre-qualified consortiums initiated in late 2025.
49
As of November 2025, what is the policy rate set by the State Bank of Pakistan (SBP)?
Answer:
11%
Following a period of economic stabilization and declining inflation, the State Bank of Pakistan's Monetary Policy Committee maintained the policy rate at 11% in its meeting held in late 2025.
50
What is the total value of the Extended Fund Facility (EFF) approved by the IMF for Pakistan in September 2024?
Answer:
$7 Billion
In September 2024, the IMF Executive Board approved a 37-month Extended Fund Facility (EFF) arrangement for Pakistan worth approximately $7 billion (SDR 5,320 million).