Economic | MCQs

Explanation

The biggest challenge for Pakistan's economy in 2022-23 was the rising inflation, which can significantly impact the purchasing power of citizens and overall economic stability.

Explanation

• Acceleration is not typically considered a part of the business cycle.
• The parts of the business cycle are usually identified as expansion (or boom), peak, recession (or slump), trough, and recovery.
  

Explanation

The services sector typically contributes the largest share to Pakistan's GDP.

Explanation

The Africa fund (Action for Resisting Invasion, Colonialism and Apartheid) was instituted by NAM.

The Africa Fund was set up in 2001 to make a difference to communities we had met in East Africa.

 It came on the back of 7 years of visits we had made to churches in Uganda, and then later Kenya, Tanzania & Dr Congo, and from the outset has set out to work through relationship with trusted individuals and groups.

Explanation

Refugees were allowed to return to dispose of their property , abducted women and looted property were to be returned, forced conversions were unrecognized, and minority rights were confirm.

Explanation

The budget of 53.9 billion Afghanis ($508m) approved on 12 January 2022 will cover the first quarter of 2022 and is almost entirely dedicated to funding government institutions.

Explanation

Economics is the social science that studies the production, distribution, and consumption of goods and services.

Economics focuses on the behaviour and interactions of economic agents and how economies work

Explanation

Ibn Khaldun (d. 1406 CE) was a renowned Islamic scholar, historian, and economist.

He is widely recognized as one of the founders of modern economics.

His work, "The Muqaddimah" (The Prolegomena), is considered a seminal text in the field of Islamic economics.

Explanation

The loans comprise $0.30 billion in program lending, $1.01 billion from project lending, and $3 million from grants.

The report released: 25th April 2022

Pakistan become the largest recipient of the Asian Development Bank(ADB) loans for the year 2022.

This report was released in April 2023

Pakistan received 5.58 billion US dollars in 2022.

***

Explanation

 A lack of democracy in the nation prevents citizen-oriented development. 

******

RY 23-12-2022