No verified paper has been uploaded for SPSC-PMS Business Administration Set-9 yet.
The MCQs below are drawn from the Business Administration subject category.
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of 9133 MCQs
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691
Consider the following statements about the US-Canada trade situation as of July 2026:
1. The US President invoked Section 338 to retaliate against what the administration termed discriminatory trade practices.
2. The tariffs apply to a diverse range of goods including wine, cement, and ice hockey gear.
3. The US Trade Representative is currently holding bilateral talks regarding the USMCA with Canadian officials in Mexico City.
Which of the statements given above is/are correct?
Statements 1 and 2 are correct. Statement 3 is incorrect because the US Trade Representative is holding bilateral talks with Mexico, having pointedly left Canada out of those specific negotiations. [Source: https://www.dawn.com/news/2017209/us-imposes-new-50pc-tariffs-on-20bn-worth-of-canadian-products, 21 Jul 2026]
692
Which of the following sectors was explicitly cited by the US administration as a reason for the discriminatory treatment leading to the 2026 tariffs?
The US administration identified dairy goods, along with alcohol and American-made cars, as sectors subject to discriminatory treatment by Canada, prompting the tariff response. [Source: https://www.dawn.com/news/2017209/us-imposes-new-50pc-tariffs-on-20bn-worth-of-canadian-products, 21 Jul 2026]
693
Which of the following categories of businesses is explicitly EXEMPT from the market closure timings notified by the Sindh government?
Medical stores, pharmacies, hospitals, and clinics are classified as essential services and are exempt from the early closure policy. Clothing and electronics stores are subject to the standard market timing regulations. [Source: https://www.dawn.com/news/1990483/sindh-implements-austerity-measures-notifies-early-market-closure-among-other-steps, 10 Apr 2026]
694
With which of the following organizations did the Sindh Chief Minister consult regarding the implementation of market austerity measures?
The Sindh Chief Minister held consultations with the Karachi Chamber of Commerce and Industry (KCCI) and the Korangi Association of Trade and Industry to discuss the impact of the new market timings on the business community. [Source: https://www.dawn.com/news/1990483/sindh-implements-austerity-measures-notifies-early-market-closure-among-other-steps, 10 Apr 2026]
695
According to the US administration's justification for the blockade, what specific activity by Iran in international waters was labeled as 'extortion'?
The US President cited the collection of 'illegal tolls' from vessels as a primary reason for the blockade announcement. The other options represent broader geopolitical tensions but are not the specific trigger for the blockade. [Source: https://www.dawn.com/news/1991096/after-trumps-blockade-announcement-irgc-says-will-view-military-vessels-approaching-hormuz-as-ceasefire-breach, 12 Apr 2026]
696
Which federal institution is mandated with the administration and enforcement of the Income Tax Ordinance, 2001?
The Federal Board of Revenue (FBR) is the apex federal agency tasked with the administration of fiscal policy, tax collection, and the enforcement of revenue-related legislation within the constitutional framework of Pakistan.
The official Gaza reconstruction fund is administered by the World Bank and endorsed by the United Nations. Other financial institutions like the IMF are not involved in the administration of this specific board's fund. [Source: https://www.dawn.com/news/2003486/trump-board-of-peaces-official-gaza-fund-is-empty, 27 May 2026]
699
Which of the following represents a core objective of the World Trade Organization (WTO) within the framework of global governance?
The WTO is the global institution responsible for the rules of trade between nations, focusing on the reduction of trade barriers and the administration of trade agreements, which is essential for global economic integration.
The Wafaqi Mohtasib, or Federal Ombudsman, is a constitutional office tasked with investigating and rectifying administrative injustices and maladministration by federal government agencies, distinct from judicial or legislative functions.
