Economic | MCQs

Explanation

Inflation Defined:

Inflation is the sustained increase in general price levels, reducing purchasing power.

Impact on Pakistan:

Rising Costs: Essential goods (food, fuel) become more expensive, straining households.

Economic Strain: Businesses face higher input costs, leading to slower growth and unemployment.

Currency Depreciation: High inflation often weakens the rupee, worsening imports.

Explanation

پاکستان میں معدنی دولت سے مکمل فائدہ نہ اٹھانے کی کئی وجوہات ہیں جیسے بار بار حکومت کی تبدیلی، سرمائے اور ماہریں کی کمی، اور حکومت کی غلط پالیسی۔

ان تمام وجوہات کی بنا پر پاکستان اپنی معدنی دولت سے بھرپور استفادہ نہیں کر سکا۔

Explanation

The first round of talks between Pakistan and the International Monetary Fund (IMF)

held in the federal capital on Tuesday

to strike a staff-level agreement on the ninth review under the $7 billion Extended Fund Facility (EFF)

ND7-5-2023

Explanation

Primary Goal of CPEC:

A flagship project of China’s Belt and Road Initiative (BRI), CPEC focuses on infrastructure and energy development in Pakistan.

Key projects include highways (e.g., Karakoram Highway), ports (Gwadar), and power plants (coal, solar, hydro).

Explanation

 "Kitab ul Khiraj" is a book written by Imam Abu Yousaf

He was likely written in the 9th century

This book on taxation

He was student of imam Abu Hanifa

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

Passage for Reading & Comprehension: The word industry comes from Latin word Industria which means diligence reflecting the highly disciplined way human energy, natural resources and technology are combined to produce goods and services in a modern economy. The rapid growth in population necessities the establishment of industries. For preparing different items of daily use factories are installed and these are established in such areas where raw material is available in abundance, climate conditions are favourable, means of transportation are good, thickly populated areas are near to it so that the finished products gets market and traders are easily accessible. Industries use a range of inputs, such as capital, technology, natural resources, labour and management, to produce goods and services. In order to manufacture products, money is needed to purchase buildings, equipment and machinery and pay to workers. This money is called finance capital. Buildings, machinery and other equipment are referred to as physical capital.

1. The similar meaning of the word 'reflect' is?

Mirror means آئینہ

Reflect means عکس ڈالنا

2. The similar meaning of the word 'resource' is?

Property means جائیداد

Resource means وسائل

3. The similar meaning of the word 'raw' is?

Crude means کچا ۔ کڑا ۔ خام

Raw means کچا ۔ کڑا ۔ خام

4. The opposite meaning of the word 'trade' is?

Idleness means بیکاری

Trade means تجارت

5. The opposite meaning of the word 'manufacturer' is?

Break means توڑ

Manufacturer means بنانے والا ۔ گھڑنے والا ۔ دست کار ۔ کاریگر

6. The word industry comes from Latin word Industria which means ______?

Diligence

7. Industry directs human energy, natural resources and technology to produce goods and services in a modern ______?

Economy

8. Industries were developed to meet the demands of the rapid growth of _____?

Population

9. Money is needed to purchase buildings, equipment and machinery and pay to workers and this money is called _____?

Finance Capital

10. Buildings, machinery and other equipment are referred to as _______?

Physical Capital

Explanation

• The 20-year Perspective Plan was prepared by Pakistan for the period 1965-85.
• The plan aimed to increase domestic coal production from 4.5 to 60 million tonnes per year and to eliminate dependence on foreign assistance.

Explanation

At the time, the Indian government had about Rs 400 crore in its kitty,

Division of assets finally took place in 4:1 ratio

with the Partition Council allotting the Pakistan Central Bank Rs 75 crore,

which included a working balance of Rs 20 crore made available to the Pakistanis in advance on August 15, 1947.

Explanation

CPEC has the following 3 routes

1. Western route

2. Central route

3. Eastern route 

CPEC stands for China-Pakistan economic corridor

China–Pakistan Economic Corridor is a 3000 km framework of regional connection between China and Pakistan

Type of project------->Economic corridor

Location-------> Pakistan: Khyber Pakhtunkhwa, Gilgit-Baltistan, Punjab, Balochistan, Sindh & Azad Kashmir, China: Xinjiang

Established---->20 April 2015 

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