Pakistani Economy | MCQs

Explanation

Zahid Husain was the founder and the first governor of State Bank of Pakistan from June 1948 to July 1953.

Dr. Shamshad Akhtar became the first female Governor of State Bank of Pakistan in 2006.

Explanation

Gwadar is mainly for trade and fishing.

It serves as a strategic port city facilitating maritime trade and supports the local fishing industry.

Explanation

Prime Minister Imran Khan on February 26, 2021 laid the foundation stone of the ambitious Central Business District (CBD) project at the Walton Airport site.

This asserting that the project would help create much-needed wealth to pay off foreign loans that had accumulated over the past ‘decade of darkness’.

Explanation

World Bank established: July, 1944

World Bank established during: Bretton Woods Conference

World Bank Members: 189

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

World Bank headquarters: Washington, USA

Human Capital Index & World Development Report are published: World Bank

Word Bank Partner institutions: IBRO, IDA, IFC, MIGA, ICSID (total five institutions)

Explanation

 The cottage industry means the industry which manufactures things in the home 

A cottage industry is a small-scale,

ND 30-03-2923

Explanation

State Bank of Pakistan Act 1956 requires the Bank to "regulate the monetary and credit system of Pakistan" 

Explanation

PIDC is a federal government entity established in 1952.

It was initially formed to develop the industrial base in Pakistan.

PIDC operates under the Ministry of Industries and Production.

It has played a key role in industrialization and economic growth.

Explanation

The Oil & Gas Regulatory Authority is an agency of the Government of Pakistan,

It is responsible for regulating the oil and gas sector in Pakistan.

OGRA was established on March 28, 2002 

Its headquarters is located in Islamabad.

It was founded by the Federal Government.

Explanation

Cotton is the most important cash crop in Pakistan

cotton products export account for 55 percent of all foreign exchange earnings of the country.

ND28-4-2023

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.