General Knowledge, Current Affairs and Pakistan Economy
This domain rewards steady, structured reading rather than last-minute cramming. Understand the structure of Pakistan's economy: the role of agriculture, industry and services; the importance of remittances, exports and imports; the balance of payments; inflation and its measurement; and the functions of the State Bank of Pakistan, including monetary policy, the policy rate and banking supervision. Know the major regulators and institutions and their mandates.
Current affairs questions typically cover recent monetary policy decisions, inflation trends, exchange rate movements, budget highlights, and international financial commitments. Keep a running one-page summary of the last six months of economic news, updated monthly.
Traps include questions that mix up institutions - for example, attributing fiscal policy to the central bank, when fiscal policy belongs to the government. Another trap asks for a rate or figure that has changed; if you are not certain of the current value, reason from the concept rather than guessing a number.
Rule of thumb: monetary policy is the central bank's job; fiscal policy is the government's. Anchor every current-affairs fact to that distinction.
Worked example: A question asks which body sets the policy rate. The answer is the central bank's monetary policy committee, not the ministry of finance, because interest rate setting is a monetary, not fiscal, function.