Selected MCQ

Current Question
Pakistan’s Virtual Assets Act 2026 formally established which regulatory body?
  • A. State Bank of Pakistan
  • B. Pakistan Virtual Assets Regulatory Authority (PVARA)
  • C. Securities and Exchange Commission of Pakistan
  • D. Federal Investigation Agency
Correct Answer: B
Explanation:
The Act created the Pakistan Virtual Assets Regulatory Authority to oversee digital assets.
Related Question 1
What must occur before Pakistan’s Virtual Assets Act 2026 becomes effective law?
  • A. A national referendum
  • B. Signature by the President
  • C. Approval by all four provincial assemblies
  • D. A ruling by the Supreme Court
Correct Answer: B
Explanation:
After parliamentary approval, it still requires the President’s assent.
Related Question 2
The Digital Skills Council established in Pakistan in 2026 was tasked with:
  • A. Setting curricula and certifications for ICT training
  • B. Printing certificates on paper only
  • C. Regulating labor unions only
  • D. Managing cemeteries
Correct Answer: A
Explanation:
It coordinates training programs, sets standards and certifies digital skills.
Related Question 3
Pakistan established a “Ministerial Committee for Digital Transformation” in 2026 to:
  • A. Coordinate digital initiatives across ministries
  • B. Create a digital cryptocurrency of rupee
  • C. Control video game ratings
  • D. Regulate cosmetics
Correct Answer: A
Explanation:
It was formed to align and supervise government digital projects.
Related Question 4
Pakistan’s National Skills Commission was established in 2026 to coordinate training in:
  • A. Vocational and technical skills, including tech and industry demands
  • B. Only poetry and art
  • C. Cooking traditional recipes
  • D. Horse riding
Correct Answer: A
Explanation:
It was set up to align workforce skills with market needs in tech, trades, and services.
Related Question 5
Which area does the Virtual Assets Act 2026 primarily regulate?
  • A. Currency trading
  • B. Digital assets and cryptocurrency exchanges
  • C. Oil and gas production
  • D. Agricultural exports
Correct Answer: B
Explanation:
It regulates the virtual assets/cryptocurrency sector.