Economy, Projects & Development — Part 1: 40 MCQs with Explanations

Edible Oil Trade associations from five palm oil importing countries in South Asia – India, Pakistan, Sri Lanka, Bangladesh, and Nepal, announced the setting up of: Asian Palm Oil Alliance (APOA) .

‘Dry port Complex’ Project inaugurated in Mirpur, AJK on August 24, 2022 .

On 31 August 2022, Australia announced it will provide $ $2 million million in humanitarian aid to Pakistan.

Pakistan received 15 million million pounds from the UK as humanitarian aid on September 1, 2022.

Australia is the correct answer to “Name the country which announced that it will provide $2 million in humanitarian aid to Pakistan”. Items of this type are drawn from the Economy, Projects & Development — Part 1 syllabus of Pakistani competitive exams, where the fact is tested verbatim.

Mehmet Mus is the correct answer to “Which Turkish Minister for Trade visited Pakistan in August 2022”. Items of this type are drawn from the Economy, Projects & Development — Part 1 syllabus of Pakistani competitive exams, where the fact is tested verbatim.

Pakistan and Turkiye signed a preferential trade agreement (PTA) to boost trade on 12 August 2022.

The UK signed a major deal with Pakistan on August 17, 2022 under which: Foreign criminals and immigration offenders from the UK can be returned to Pakistan.

HBL become first bank to cross Rs. 5 Trillion balance sheet.

9.5 trillion is the correct answer to “What is total outlay of the federal budget of 2022-23”. Items of this type are drawn from the Economy, Projects & Development — Part 1 syllabus of Pakistani competitive exams, where the fact is tested verbatim.

Israel is the correct answer to “Which country has recently signed a free trade agreement (FTA) with the United Arab Emirates”. Items of this type are drawn from the Economy, Projects & Development — Part 1 syllabus of Pakistani competitive exams, where the fact is tested verbatim.

State Bank Of Pakistan Governor Reza Baqir retired on May 4 .

B. Ethiopia, UAE and US is the correct answer to “Security Council Presidential Statement has recently Encouraged which countries to Resume Talks on Grand Renaissance Dam Project”. Items of this type are drawn from the Economy, Projects & Development — Part 1 syllabus of Pakistani competitive exams, where the fact is tested verbatim.

Banque du Liban is the correct answer to “What is name of the central bank of Lebanon”. Items of this type are drawn from the Economy, Projects & Development — Part 1 syllabus of Pakistani competitive exams, where the fact is tested verbatim.

Pakistan signs deal to avoid $ $11 billion bn penalty in Reko Diq case on 20 March 2022.

Asian Development Bank is the correct answer to “Which international bank start 7.9 Billion $ Dollar projects In Pakistan”. Items of this type are drawn from the Economy, Projects & Development — Part 1 syllabus of Pakistani competitive exams, where the fact is tested verbatim.

Pakistan government decided to send Rs60 million emergency aid to Ukraine.

The State Bank of Pakistan (SBP) has directed banks to employ at least 20 percent percent of women in the workforce by 2023.

The National Bank of Pakistan (NBP) has been fined more than $55 million million by United States authorities for anti-money laundering violations.

NBP is the correct answer to “Which Pakistani bank has been penalised with heavy fine by US authorities”. Items of this type are drawn from the Economy, Projects & Development — Part 1 syllabus of Pakistani competitive exams, where the fact is tested verbatim.

The International Islamic Trade Finance Development Corporation (ITFC) approved $1.2bn financing for Pakistan in February,2022.

Federal government will use “eyes in the sky” to monitor 34 foreign funded projects in Khyber Pakhtunkhwa .

USA has unfrozen $3.5 bn of Afghan central Bank for humanitarian aid in Afghanistan.

The KP government has signed memorandums of understandings (MoUs) with 44 foreign investment companies Attracts $8 Billion Investment at Dubai International Expo-2020 on January 16, 2022.

Jhelum River is the correct answer to “Karot Hydropower project under construction on river”. Items of this type are drawn from the Economy, Projects & Development — Part 1 syllabus of Pakistani competitive exams, where the fact is tested verbatim.

13 January 2022 is the correct answer to “When National Assembly passed the Finance (Supplementary) Bill, 2021, termed widely as a ‚mini-budget”. Items of this type are drawn from the Economy, Projects & Development — Part 1 syllabus of Pakistani competitive exams, where the fact is tested verbatim.

Pakistan acquires USD USD 15.32 billion billion loans in Fiscal year 2020-21.

Afghanistan is the correct answer to “Which country has recently signed agreement with Tajikistan for import of electricity for the next year”. Items of this type are drawn from the Economy, Projects & Development — Part 1 syllabus of Pakistani competitive exams, where the fact is tested verbatim.

PTI government received about $ $4.6 billion billion in foreign loans during the first five months (July November) of the current fiscal year, 2021.

Saudi Arabia is the correct answer to “Which country send humanitarian aid to Afghanistan in December 2021”. Items of this type are drawn from the Economy, Projects & Development — Part 1 syllabus of Pakistani competitive exams, where the fact is tested verbatim.

Russia is the correct answer to “India is scheduled to sign a deal to procure around 7.5 lakh AK-203 assault rifles with which nation”. Items of this type are drawn from the Economy, Projects & Development — Part 1 syllabus of Pakistani competitive exams, where the fact is tested verbatim.

Afghanistan is the correct answer to “Which nation’s nominal GDP is likely to contract by 20 percent within a year, according to UNDP”. Items of this type are drawn from the Economy, Projects & Development — Part 1 syllabus of Pakistani competitive exams, where the fact is tested verbatim.

PM Imran Khan approved Rs 5 billions billion humanitarian aid for Afghanistan in Nov 2021.

Pakistan and Iran have agreed to take measures to expand the annual trade exchanges to $5 billion by the year 2023.

Germany is the correct answer to “Which country on 2nd November 2021, signed a €129 million financial cooperation agreement with Pakistan for financing development projects”. Items of this type are drawn from the Economy, Projects & Development — Part 1 syllabus of Pakistani competitive exams, where the fact is tested verbatim.

National Bank of Pakistan (NBP) is the correct answer to “Which Pakistani bank was hit by cyberattack that disrupted its services”. Items of this type are drawn from the Economy, Projects & Development — Part 1 syllabus of Pakistani competitive exams, where the fact is tested verbatim.

Pakistan is the correct answer to “Which country send humanitarian aid to Afghanistan in October 2021”. Items of this type are drawn from the Economy, Projects & Development — Part 1 syllabus of Pakistani competitive exams, where the fact is tested verbatim.

Prime Minister Imran Khan inaugurated 600 kilovolt (kV) transmission line running between Matiari and Lahore under the umbrella of CPEC on 30th September 2021.

Haji Muhammad Idris is the correct answer to “Afghan Taliban nominates the acting head/Governor of the central bank of Afghanistan namely”. Items of this type are drawn from the Economy, Projects & Development — Part 1 syllabus of Pakistani competitive exams, where the fact is tested verbatim.

According to GDP per capita report 2021 poorest country in the world is: Burundi .