ECO | MCQs

Explanation

SIFC: Special Investment Facilitation Council

Formation: 17th June, 2023

Founded by: Shahbaz Sharif

Headquarter: Islamabad

Purpose: Economic revival of Pakistan, attract Foreign Direct Investment

Explanation

The sugar industry is the second largest agro-based industry in Pakistan after textiles.

It plays a vital role in the rural economy by supporting millions of farmers and employing thousands in sugar mills.

Explanation

 Punjab has established 10 Special Economic Zones. 

The 10 SEZs in Punjab include

1. JW China-Pakistan SEZ,
2. Allama Iqbal Industrial City,
3. Rahim Yar Khan Industrial Estate,
4. Bhalwal Industrial Estate,
5. Vehari Industrial Estate,
6. Rachna Industrial Park
7. M3 Industrial City
8. Value Addition City
9. RYK Industrial Estate
10. Quaid-e-Azam Business Park

Explanation

Exports generate revenue for a country by selling goods and services to other nations.

They contribute to economic growth, trade balance, and foreign exchange reserves.

Explanation

•  3.94 is the GDP ratio in Pakistan during 2020-21
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  Minister for Finance Shaukat Tarin said that Pakistan’s GDP growth stood at 3.94 percent against the envisaged target of 2.1 percent,
• remittances made a historic record, and exports would be touching $25 billion in the outgoing fiscal year.
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• Agricultural GDP of Pakistan in 2019: 22.4%
• According to the Economic Survey of Pakistan 2021-22, only 1.77 % of GDP was spent on the education sector in FY2021.
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• Japan had a record-high Defence budget, more than a ceiling of 1% of its GDP in April 2021
• According to GDP per capita report 2021 poorest country in the world is Burundi

Explanation

"Ilam-ul-Iqtisad" was the first book of Allama Muhammad Iqbal, published in 1903.

Explanation

At the time of the partition of British India, Pakistan inherited approximately 3.7% of the industrial enterprises.

Specifically, Pakistan received 34 out of the 921 industrial units present in the subcontinent. 

Explanation

HBL Bank gave a loan to Pakistan for its first budget

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HBL was the first commercial bank to be established in Pakistan in 1947

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HBL moved its operations to Pakistan in 1947 at the request of Muhammad Ali Jinnah, hence becoming the first commercial bank to lay its foundation in the country

Explanation

The Ghazi Brotha Power Project received economic and technical assistance from Japan, showcasing bilateral cooperation.

Ghazi-Barotha Hydropower Project is a 1,450 MW un-of-the-river hydropower, connected to the Indus River.

Ghazi-Barotha  Location Between Attock, Punjab and Haripur, KP

Construction of the project began in 1995. 

Opening date: 2002

The Official name of Ghazi-Barotha Hydropower Project is غازى بروتھا

Explanation

Generally, reliance is followed by on.

On is a preposition here.

Reliance on something means کسی پر انحصار

Pakistan must not reliance on IMF.