Economic Cooperation | 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

ECO stands for Economic Cooperation Organization.

ECO Date of Establishment: 1985.

ECO Headquarters: Tehran, the Islamic Republic of Iran.

ECO Official languages: English

Currency: 10 currencies

ECO founders: Turkey, Iran & Pakistan

Member states:

10 members

1 observer (Northern Cyprus)

ECO 10 Member state:

1. Türkiye

2. Iran

3. Pakistan

4. Afghanistan

5. Azerbaijan

6. Kazakhstan

7. Kyrgyz Republic

8. Uzbekistan

9. Tajikistan

10. Turkmenistan

Explanation

D-8 is the economic group of nine Muslim countries.

The D-8 is an organization of nine Developing countries:

Short trick to learn D-8 BETii - MNP

1. Bangladesh
   
2. Egypt
3. Indonesia
4. Iran
5. Malaysia
6. Nigeria
7. Pakistan
8. Turkey
9. Azerbaijan

India is not a member of the D-8 

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The D-8 Organization for Economic Cooperation, also known as Developing-8

The D-8 Organization for Economic Cooperation Headquarters: İstanbul, Türkiye

D8 was Established in Istanbul in 1997.

The Founder of D-8 Organization for Economic Cooperation: Necmettin Erbakan

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

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.

Explanation

• The headquarter of OPEC is located in Vienna
• **
• OPEC stands for Organization of the Petroleum Exporting Countries.
•  It was founded on 14th September 1960 in Baghdad.
•  It consists of 15 member countries.

Explanation

In 2020, most completed projects under CPEC were related to the road infrastructure, improving connectivity between Pakistan and China.

Major road projects like Hazara Motorway and parts of the Western Route were key achievements in this sector.

Explanation

Chinese Vice Premier He Lifeng is visiting Pakistan from July 30 to August 1, 2023

He Lifeng will attend a ceremony celebrating a decade of CPEC as the chief guest.

China and Pakistan signed six agreements for the promotion of bilateral cooperation.

He Lifeng to be chief guest at ‘Decade of CPEC’ event

Explanation