ECO | MCQs

Explanation

Inflation is the general increase in the price of goods and services over time,

It means that money loses its purchasing power

Explanation

On January 25, 2024, Microsoft reached a $3 trillion market capitalization for the first time.

It became the second company ever to achieve this milestone after Apple in 2022.

Microsoft briefly surpassed the mark during intraday trading, joining the $3 trillion club.

Explanation

Euro Currency launched: 1 January 1999

Euro Coins and banknotes launched: 1 January 2002

The euro is the second-largest reserve currency 

The euro is the second-most traded currency in the world 

The euro is the sole currency of 20 EU member states:

1. Austria
2. Belgium
3. Cyprus
4. Estonia
5. Finland
6. France
7. Germany
8. Greece
9. Ireland
10. Italy
11. Latvia
12. Lithuania
13. Luxembourg
14. Malta
15. the Netherlands
16. Portugal
17. Slovakia
18. Slovenia
19. Spain
20. Croatia.

Explanation

As of April 23, 2024, the top five wheat-producing countries in the world are:

1. China: 136.5 million metric tons
2. European Union: 133.6 million metric tons
3. India: 110.5 million metric tons
4. Russia: 91 million metric tons
5. United States: The world's fourth-largest producer 

USA is the largest Wheat exporter in the world

Explanation

Iran Capital is Tehran.

Iran Currency is Rial.

Iran official language is Persian.

Iran located is in Continent Asia.

Iran Primary Religion is Islam.

Iran Head of Govt. is President – Ebrahim Raisi.

Iran Parliament called Majlis.

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یہ ضرور پڑھیں

What is name of Iran’s new currency?

Explanation

The World Bank is often identified as an organization that highlights investment opportunities.

The World Bank Group finances over 1,700 investment projects in some 130 countries, 

World Bank:

World Bank established: July 1944

World Bank was established during: the Bretton Woods Conference

World Bank Members: 189

World Bank's aim: to provide loans and grants for various projects

World Bank headquarters: Washington, USA

Explanation

Simon Johnson, James Robinson and Daron Acemoglu have been awarded 2024 Nobel Prize Economics.

Awarded for studies of how institutions are formed and affect prosperity.

Their book titled 'Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity'  was published in 2023

Both Simon Johnson and James Robinson are British-Americans.

Daron Acemoglu is a Turkish-American.

Additional Information:

Nobel Prize in Economics 2023 was awarded to Claudia Goldin

She is an American economic historian

Explanation

مکہ مکرمہ ایک پہاڑی علاقہ ہے جہاں زرعی زمین کم تھی، اس لیے غلہ بیرونی علاقوں سے آتا تھا۔

یمامہ ایک زرخیز علاقہ تھا اور مکہ میں زیادہ تر غلہ وہیں سے منگوایا جاتا تھا۔

Explanation

• Quaid-e-Azam inaugurated the State Bank of Pakistan.

• Founded	1-Jul-1948
  Founded by	M.A Jinnah
  First Governor	Zahid Hussain
  First Female Governor	Shamshad Akhtar
  SBP Responsibitly	implement monetary policy
  HQ	Karachi, Sindh

  
  

Explanation

The China-Pakistan Economic Corridor (CPEC) is expected to be fully operational by 2030.

The China-Pakistan Economic Corridor (CPEC) is a series of energy and infrastructure projects, some of which connect China’s Xinjiang to Gwadar.

Initiated in mid-2013 and formally launched in April 20, 2015.

CPEC is generally described as a $46 billion package of Chinese aid.