Under which constitution, “Bicameralism” was introduced in Pakistan:
- (A) 1956
- (B) 1962
- (C) 1973
- (D) 1985
- (C) 1973
- Pakistan introduced a bicameral legislature for the first time at the federal level under the 1973 Constitution, establishing the Parliament with the National Assembly (lower house) and the Senate (upper house) alongside the President. Before this, Pakistan had a unicameral legislature under earlier constitutions (1956, 1962) and adapted Government of India Act, making the 1973 Constitution a significant shift towards a permanent federal bicameral structure.
“Barter System” means:
- (A) Exchanging of goods
- (B) Buying goods
- (C) Selling goods
- (D) Producing goods
- (A) Exchanging of goods
- The barter system is an ancient method of commerce where goods or services are directly exchanged for other goods or services, without using money as a medium of exchange, relying instead on direct trade. It’s based on mutual agreement, like a farmer trading crops for a carpenter’s services, and functions in simple economies or alongside modern money systems for specific needs, though it faces challenges like finding matching needs (double coincidence of wants) and valuing items.
Pakistan’s first nuclear Power Station was built at Karachi in 1972 provided by:
- (A) America
- (B) France
- (C) Canada
- (D) China
- (C) Canada
- Pakistan’s first nuclear power station, the Karachi Nuclear Power Plant (KANUPP-1), was built in 1972 with the primary assistance of Canada. Canadian General Electric (CGE) signed a turnkey contract in 1965 to design, supply, and construct the 137 MWe CANDU heavy-water reactor, which operated under International Atomic Energy Agency (IAEA) safeguards.
Lunar Eclipse takes place when:
- (A) The moon is in line with the earth
- (B) The moon is in line with the sun
- (C) The shadow of the earth falls on to the moon
- (D) The shadow of the sun falls on the moon
- (C) The shadow of the earth falls on to the moon
- A lunar eclipse happens when the Earth passes directly between the Sun and the Moon, casting Earth’s shadow onto the Moon, which can only occur during a Full Moon. This alignment blocks sunlight, making the Moon appear dim or even reddish as some sunlight bends and refracts through Earth’s atmosphere.
“Reuters” is a world well-known:
- (A) Sports club
- (B) Welfare organization
- (C) News agency
- (D) Transport system
- (C) News agency
- Reuters is a world well-known international news agency and provider of financial market data. Founded in 1851 by Paul Julius Reuter in London, it has grown to become one of the largest and most trusted multimedia news providers in the world.
The tax levied on the import and export of commodities is named as:
- (A) Custom duty
- (B) Excise duty
- (C) Value added tax
- (D) Direct tax
- (A) Custom duty
- The tax levied on the import and export of commodities is named Customs Duty. Also commonly known as Tariffs or Import/Export Duties, these taxes are imposed by government authorities on goods crossing international borders to generate revenue, protect domestic industries, and regulate trade.
“SLUMP” means:
- (A) Fall in the prices of stock
- (B) Stability of prices
- (C) Uncertainty of prices
- (D) Shortage of supply
- (A) Fall in the prices of stock
- The correct answer is (A) Fall in the prices of stock.A slump refers to a period of economic decline, especially marked by a fall in prices, reduced trade, and lower activity in markets—commonly used for stock prices and business conditions.
Hafeez Jalandhari is the author of National Anthem of Pakistan, which is contained in his book:
- (A) Chiragh-i-Sehar
- (B) Soz-o-Saaz
- (C) Shahnama-i-Islam
- (D) Kalam-i-Hafeez
- (A) Chiragh-i-Sehar
- The National Anthem of Pakistan, written by Hafeez Jalandhari in 1952 and adopted in 1954, is featured in his book titled Chiragh-e-Sahar. The anthem consists of 49 words, is heavily influenced by Persian, and was composed by Ahmed G. Chagla. It is famously published within this collection of his work.
“Inflation” refers to:
- (A) Higher than the real cost of the commodities
- (B) Free flow of the money in the market
- (C) Devaluation of money
- (D) Poor buying power of money
- (D) Poor buying power of money
- The correct answer is: (D) Poor buying power of moneyREASON: Inflation reduces the purchasing power of money, meaning the same amount of money buys fewer goods and services over time.
“Mixed Economy” refers to:
- (A) The co-existence of public sector as well as private sector
- (B) The promotion of agriculture as well as the cottage industries
- (C) The co-existence of different economies classes
- (D) The co-existence of heavy industry, small scale industry and cottage industry
- (A) The co-existence of public sector as well as private sector
- The correct answer is: (A) The co-existence of public sector as well as private sectorFURTHER: A mixed economy combines features of both capitalism (private ownership and enterprise) and socialism (government or public sector control). Therefore, both public and private sectors operate side by side.