Economic | MCQs

Explanation

CPEC stands for China-Pakistan economic corridor

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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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Explanation

Explanation

Ghulam Muhammad, a Punjabi, had been Jinnah's choice

He served as Pakistan's first finance minister 15 August 1947 – 19 October 1951

Prime Minister: Liaquat Ali Khan, Sir K. Nazimuddin

Deputy: Muhammad Ali (1947–1948), Sir Victor Turner (1948–1951)

Succeeded by: Muhammad Ali

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He served as the third Governor-General of Pakistan,

Born: 29 August 1895, Lahore

Died: 29 August 1956 (aged 61), Lahore

Resting place: Fauji Qabrastan Karachi

Explanation

The United States is the 2nd largest goods exporter in the world, behind only China.

U.S. goods exports to the world totaled $2.1 trillion in 2022

while

China is the largest import partner of Pakistan.

ND6-08-2023

Explanation

• Pakistan and China signed an agreement for the ML-1 railway track in 28 April 2019.
• The agreement aims to upgrade and reconstruct the existing Karachi-Lahore-Peshawar (ML-1) railway track.
• This project is part of the CPEC.

Explanation

Explanation

Pakistan Steel Mill in Karachi was founded on July 2, 1973.

PM Zulfikar Ali Bhutto laid the foundation stone of Pakistan Steel Mills on December 30, 1973, with the support of the Soviet Union (Russia).

An agreement for techno-financial assistance was made between Pakistan and the Soviet Union in 1971.

It is the country's largest industrial undertaking.

It has a production capacity of 1.1 million tons of steel.

It expandable up to 3.0 million tons per annum.

Explanation

Pakistan’s first coin was issued on 3rd January 1948

The First Postal Stamp of Pakistan was issued on 9th July 1948.

Pakistan’s first currency note was issued on March 1, 1949.

ND26-4-2023

Explanation

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 2015.

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