Economic | MCQs

Explanation

On 28 September 2023, Pakistan and the Gulf Cooperation Council (GCC) have signed a free trade agreement (FTA) following the conclusion of the final round of negotiations between the two sides in Riyadh, Saudi Arabia

Explanation

CPEC کا مطلب چین پاکستان اقتصادی راہداری ہے۔

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چین پاکستان اقتصادی راہداری چین اور پاکستان کے درمیان علاقائی رابطے کا 3000 کلومیٹر کا فریم ورک ہے۔

منصوبے کی قسم -------> اقتصادی راہداری

قائم کیا گیا ----> 20 اپریل 2015 (7 سال پہلے)

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ND31-12-2022

Explanation

 NEC: a constitutional body responsible for reviewing the country`s overall economic condition and formulating plans while ensuring balanced development and regional equity under Article 156 of the Constitution.

Explanation

PM Shahbaz Sharif proposed including Turkey in May 2022.

CPEC: China Pakistan economic corridor

CPEC: a framework of regional connectivity

CPEC started: 2015

Explanation

The Khyber Pakhtunkhwa government and Bank of Khyber in February 2022 signed a memorandum of understanding (MoU) to launch Rs12 billion refinancing schemes to meet the capital and modernization needs of the province`s small and medium enterprises (SMEs).

Explanation

This system record and monitor prices of essential commodities in 17 major cities.

The DSSI will monitor the performance of deputy commissioners (DC) in these cities in terms of implementation of their price lists commonly known as DC rates of essential food items.

Explanation

Explanation

The total budget allocated for overseas Pakistanis in the fiscal year 2023-24 was approximately $1,629 million

Explanation

Pakistan's second five-year plan was first discussed in a Bank report entitled Economic Development in Pakistan dated August 17, 1960. 

Additional information 

• First Five-Year Plan (1950-1955): Presented by Prime Minister Liaquat Ali Khan on July 8, 1948.
• Second Five-Year Plan (1960-1965): Revived and restated by President Ayub Khan's military government.
• Third Five-Year Plan (1965-1970): Designed like its predecessor, resulting in only modest growth.
• Fourth Five-Year Plan (1970-1975): Abandoned after the fall of Dhaka and replaced with a nationalization program.
• Fifth Five-Year Plan (1978-1983): Aimed to stabilize the economy and improve living standards for the poorest segment of the population.

Explanation

The structure of economy has drastically changed since Pakistan`s inception in 1947 with industry and then services sectors dominated the economy, says a finance ministry report released on August 13, 2022.