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Current Affairs Medium CSS Uploaded: 01 Sep 2026

Which prior fiscal years are cited as precedents in Pakistan's cycle of currency and balance-of-payments adjustment crises?

  • A FY10-11, FY15 and FY19
  • B FY05-06, FY12 and FY20
  • C FY09-10, FY16 and FY21
  • D FY07-08, FY18 and FY22
Correct Answer: Option D — FY07-08, FY18 and FY22
Explanation:
Economic commentary in 2026 cited FY07-08, FY18, and FY22 as prior episodes when Pakistan mistook exchange-rate stability for genuine macroeconomic stability, ultimately preceding balance-of-payments adjustment crises.
Submitted by: PaperMCQs
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