Find the Answers of all questions at page 5
STATE BANK OF PAKISTAN
BANKING SERVICES CORPORATION
EXAM BOOKLET
POSITION
APPLIED FOR:
OG-1 Officers
CANDIDATE’S
NAME
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FATHER’S NAME
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CNIC No.
I declare that the details above are accurate.
Candidate’s Signature
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Invigilator’s Signature
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Number of Questions: XXX
Total Marks: XXX
Time Allowed: XXX minutes
INSTRUCTIONS FOR THE CANDIDATES
1.
Please ensure all pages in this booklet are duly
numbered before proceeding with the test paper. If you find any page missing,
damaged or not numbered, inform the invigilator immediately.
2. Read and
understand the question carefully before shading your answer. Attempt ALL
questions in the test paper.
3. Please DO
NOT approach the invigilators for any clarifications about the test
questions.
4. Laptops,
mobile phones and calculators are STRICTLY PROHIBHITED in the test hall.
5. Shade
all your answers on the answer sheet provided to you separately using either
blue or black pens/ball points. Pencil is NOT allowed.
6. Ensure
that you shade your choice on the answer sheet correctly as shown below. Only ONE
letter must be shaded:
I
declare that I have read and understood the above instructions. I authorize you
to cancel my paper in case I violate any of these instructions.
Candidate’s
Signature
SECTION 1 – ENGLISH
No. of
Questions: XX; Total Marks: XX
Read the passage carefully and answer questions
1 and 2
IMF financing aims to
assist countries in attaining economic stability and transition through
economic shocks by providing cushion through funds. This gives the recipient
country time to bring about the structural reforms and changes needed to
resolve underlying issues that threaten its economic stability. These IMF loans
are usually disbursed in installments that are conditional upon the recipient
country making policy changes or implementing certain economic reforms. This conditionality
ensures that progress is made during the program and that the funds are not
used only as a stopgap measure. Periodic program reviews evaluate whether the
program is on track and if any different measures need to be taken to attain
the program’s objectives.
In a historic and positive turn of events, Pakistan recently cleared the
final USD 102 million, a portion of its USD 6.4 billion 3-year International
Monetary Fund (IMF) program. Out of the 11 IMF programs that Pakistan has
participated in so far, this program was the first ever to be completed. Upon
completion of their final review, IMF stated that due to an expected increase
in China Pakistan Economic Corridor related investment in addition to a surge
in private sector credit and economic productivity, it expects growth of the
Pakistani economy to cross 5 percent in FY17. Fiscal deficit is also estimated
to decrease to 3.8 percent next year. Due to this strengthening of
macroeconomic indicators, Pakistan is poised for greater and sustained economic
growth, with enhanced financial stability.
Q1. The main aim of IMF is:
A. To
create instability in an economy
B. To help
a country in making reforms that boost economy
C. To
support countries with an instable economy by providing funds
D. To
review the performance of a country and make suggestions
Q2. According to IMF, which of the following factors have indicated
economic growth in Pakistan?
A. The
clearance of USD 102 million funds
B. Participating
in 11 programs of IMF
C. Investments
in CPEC and boost in private sector economic productivity
D. Strengthening
of microeconomic indicators and decrease in Fiscal deficit
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