Economic Policy | MCQs

Explanation

Mubashir Hassan (January 1922 – 14 March 2020) was a Pakistani politician, humanist, political adviser, and an engineer.

He served in the capacity of Finance Minister in Bhutto administration from 1971 until 1974.

Explanation

The NFC Award is enacted through mathematical formulation between federal government and provincial governments.

History of distribution of revenue between Center and Provinces in the subcontinent dates back to Government of India Act 1935. Pakistan came into existence on 14th august 1947. After the creation of the country, first award of distribution of revenue was announced in 1952 popularly known as Raismen award. It distributed the revenue between the center and provinces of the federation of Pakistan. Third constitution of Pakistan was passed in 1973 and was effected on 14th August 1974. Article 160 (1) of the constitution of the country provides for the establishment of the National Finance Commission (NFC). Article 160 (2) of the constitution provides:

Explanation

 NEC: a constitutional body responsible for reviewing the country`s overall economic condition and formulating plans while ensuring balanced development and regional equity under Article 156 of the Constitution.

Explanation

This system record and monitor prices of essential commodities in 17 major cities.

The DSSI will monitor the performance of deputy commissioners (DC) in these cities in terms of implementation of their price lists commonly known as DC rates of essential food items.

Explanation

On June 9 2022, Senate passed the Fiscal Responsibility and Debt Limitation (Amendment) Bill, 2022.