Economic Trends | MCQs

Explanation

The annual inflation rate in Pakistan edged up to 9.2 percent in October of 2021 from 9.0 percent in the previous month.

 increased to 24.6% on a year-on-year basis in Oct 2022 

Pakistan's inflation rate accelerated to 38% in May of 2023 from 36.4% in April.

This was the highest reading since comparable records began in 1957, mainly due to rising food inflation (48.7% vs 48.1% in April).

Explanation

Exports in Chemicals and sugar have registered a phenomenal rise this year.

کیمیکلز اور چینی کی برآمدات میں اس سال غیر معمولی اضافہ ہوا ہے

Registered means during this year rise has been observed 

Explanation

The Fitch Indicator survey primarily provides insights into economic trends, particularly related to global markets, economies, and financial stability. 

Explanation

For (to indicate the reason or because of) — I am really happy for you.

For (to indicate the duration or time) — I attended the session for one year only.

For (specify the use of something) — She is preparing for her final exam.

Explanation

The cost of living is the amount a person needs to spend to cover basic expenses such as housing, food, taxes, and healthcare in a particular place.

Explanation

According to Pakistan Bureau of Statistics (PBS), inflation rises to 9 percent in September from 8.2 percent in August.

This data was released on October 7, 2020.