Economic | MCQs

Explanation

The Fifth Five-Year Plan (1978–83) was an attempt to stabilise the economy and improve the standard of living of the poorest segment of the population.

Increased defense expenditures and a flood of refugees to Pakistan after the Soviet invasion of Afghanistan in December 1979, as well as the sharp increase in international oil prices in 1979-80, drew resources away from planned investments .

Explanation

Explanation

Prime Minister Shehbaz Sharif on 31 October 2022 announced a special package of Rs 1,800 billion to promote the agriculture sector. 

Explanation

The government on 07-03-2022 approved Rs 303 billion worth of a supplementary budget to cover the financing cost of a series of measures – Rs5 per unit cut in electricity rates, partial payments to the oil industry for a price freeze on petroleum products and debt servicing of Naya Pakistan Certificates.

Explanation

The current GDP volume of Pakistan is approximately $374.90 billion as of recent estimates.

Explanation

Pakistan's national income increased by 37 % against the stipulated target of 24% in 3rd five-year plan.

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The national income of a country can be measured by three alternative methods:

(i) Product Method

(ii) Income Method, 

(iii) Expenditure Method.

Explanation

For the solution of economic problems, Quaid-e-Azam establishes a refugee fund.

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12 Sep 1947; Appeal to the nation for contribution to the Quaid-e-Azam's Relief Fund for refugees. 

Quaid-e-Azam relief fund was set up in September 1947

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 ND29-11-2022

Explanation

The Indian government's cash balance at the time of the Partition were a little under Rs 400 crore and Pakistan's share was fixed at Rs 75 crore, which was inclusive of Rs 20 crore made available to Pakistan.

Explanation

In 2008, India and Pakistan opened trade across the "Line of Control (LoC)," 

LOC is a heavily militarized de-facto border dividing Kashmir between India and Pakistan

 the Radcliffe line is the name of the LoC between India and Pakistan

the border line was drawn by a British officer Cyrill Radcliffe in 1947 

Formally named LOC after Shimla agreement 1972.

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ND16-1-2023

Explanation

Usually Article the is used for Nationalty.

Like, The Chinese, The Japanese, The Indian