Selected MCQ

Current Question
Under the Virtual Assets Act 2026, PVARA’s responsibilities include:
  • A. Running the national railway
  • B. Licensing cryptocurrency service providers and enforcing AML rules
  • C. Regulating traditional banking only
  • D. Issuing driving licenses
Correct Answer: B
Explanation:
PVARA will license crypto firms and ensure compliance with anti-money laundering and sanctions laws.
Related Question 1
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.
Related Question 2
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 3
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 4
Pakistan’s 2026 Poverty Reduction Strategy included digital finance by:
  • A. Expanding QR code payments in microfinance
  • B. Distributing gold coins to the poor
  • C. Only cash handouts
  • D. None of the above
Correct Answer: A
Explanation:
Programs aimed to integrate the poor into digital finance, e.g. mobile wallet subsidies.
Related Question 5
Pakistan’s CPEC (China-Pakistan Economic Corridor) Phase-II priorities announced in 2026 included:
  • A. Tech parks, industrial estates, and agriculture transformation
  • B. Building pyramids in Karachi
  • C. Expanding ties with India along the corridor
  • D. Mining diamonds in Punjab
Correct Answer: A
Explanation:
The focus was on linking CPEC to IT parks, special economic zones, and modern agri projects.