ECO | MCQs

Explanation

PSDP refers to the Public Sector Development Programme.

It is a government initiative focused on the allocation of resources for development projects in Pakistan.

Explanation

Several companies, including Microsoft, Berkshire Hathaway, Alphabet, and Apple are sitting on more than $100 billion of cash, according to FactSet.

Apple is an American multinational technology company .

Founded: April 1, 1976, Los Altos, California, United States

Headquarters: Cupertino, California, United States

Founders: Steve Jobs, Steve Wozniak, Ronald Wayne

Explanation

The Regional Cooperation for Development (RCD) was renamed Economic Cooperation Organization (ECO) in 1985.

It aiming to promote economic, technical, and cultural cooperation among member states in Asia.

RCD was established on: 21 July, 1964

RCD was dissolved in: 1979

RCD stand for Regional Cooperation for Development

RCD: Established by Iran, Pakistan and Turkey

RCD headquarters: Iran

Explanation

The World Bank appreciated Bangladesh for moving from one of the poorest countries to one of the fastest-growing economies.

This recognition highlights Bangladesh's significant economic progress and development over recent years.

Explanation

The G7 (short for Group of Seven) is a grouping of seven wealthy nations that meet annually to discuss global economic issues. The members of the G7 are:

1. Canada
2. France
3. Germany
4. Italy
5. Japan
6. United Kingdom
7. United States

Spain is not a member of the G7, although it is a member of the larger G20 grouping.

Explanation

Decomposers are organisms that break down dead or decaying organisms; they carry out decomposition, a process possible by only certain kingdoms, such as fungi.

Explanation

• Know everything about BRICS: 
• BRICS founded: June 2009
  
• BRICS Member countries: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates
  
• BRICS total members: 10 
• South Africa joined BRICS: 2010
• BRICS headquarters: Shanghai, China
• BRICS first conference hosted by: Russia (2009) 

Explanation

River Indus flow from Country China, India, Pakistan

River Indus flow from State Ladakh, Punjab, Khyber Pakhtunkhwa, Sindh, Gilgit-Baltistan, Tibet

Sources of water Tibetan Plateau, Senge Zangbu, Gar River

Tributaries Sutlej River, Chenab River, Jhelum River, Ravi River,

Mouth Arabian Sea near Thatta

The Indus River originates in Tibet and follows a circuitous route southward through the Himalaya Mountains to the Arabian Sea,

Explanation

In June 2023, the IMF approved a $3 billion loan to Pakistan under a 9-month Stand-By Arrangement (SBA).

This loan aimed to stabilize Pakistan's economy, support its financial reforms, and help manage external debt obligations.

Explanation

Faisalabad is formerly known as Lyallpur

Faisalabad is the third largest city in Pakistan

Faisalabad is the second largest city in the Province of Punjab.

Faisalabad is famous for its textile mills

Faisalabad is called Manchester of Pakistan because it's the biggest textile city in Pakistan

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ND10-1-2023