Pakistan Studies/Affairs MCQs
Topic Notes: Pakistan Studies/Affairs
MCQs and preparation resources for competitive exams, covering important concepts, past papers, and detailed explanations.
Plato
- Biography: Ancient Greek philosopher (427–347 BCE), student of Socrates and teacher of Aristotle, founder of the Academy in Athens.
- Important Ideas:
- Theory of Forms
- Philosopher-King
- Ideal State
11
The 'Pakistan Railways' service has been the focus of which major CPEC infrastructure upgrade?
Answer:
ML-1 (Main Line-1) Project
The ML-1 project is the biggest CPEC rail project. It aims to upgrade the track from Karachi to Peshawar, allowing for faster and more efficient passenger and freight rail services, which will revolutionize the transport sub-sector.
12
Which of the following describes the status of the 'Call Center' industry in Pakistan?
Answer:
A growing part of the ITeS sector, providing services to international clients in the US and UK
Call centers are a key part of the IT-enabled services (ITeS) sector. Many Pakistani firms provide customer support, technical assistance, and sales services to global companies, utilizing the country's large pool of English-proficient youth.
13
What is 'Raast ID'?
Answer:
Linking a mobile number to a bank account for instant transfers using the Raast system
Raast ID simplifies digital payments. Instead of remembering a long 24-digit IBAN, a user can simply use their mobile phone number as an ID to receive money instantly from any other bank account in Pakistan.
14
The 'Real Estate' sector in Pakistan is considered part of which service sub-sector?
Answer:
Ownership of Dwellings and Real Estate Activities
Real estate activities, including buying, selling, and renting of property, are categorized as a distinct service sub-sector. It is a major destination for domestic investment and is a key driver of the construction and services economy.
15
Which of the following is an example of 'Personal Services' in the service sector?
Answer:
Beauty salons and laundry services
Personal services include a wide range of activities such as hairdressing, beauty treatments, laundry, and repair services. While often informal, they contribute significantly to the urban service economy and employment.
16
What is the 'Freelancer ID' launched by the SBP and Ministry of IT?
Answer:
A digital identification that allows freelancers to open 'Freelancer Digital Accounts' and receive foreign payments easily
To solve the payment hurdles for freelancers, the government introduced the Freelancer ID. It allows them to open bank accounts with simplified requirements and receive foreign currency directly into their accounts without excessive documentation.
17
Which organization regulates the civil aviation industry and operates the airports in Pakistan?
Answer:
CAA (Civil Aviation Authority)
The CAA is the regulator for all civil aviation activities. It manages the country's airports and ensures compliance with international safety and security standards for both domestic and foreign airlines.
18
What is 'Islamic Banking' and its status in Pakistan's service sector?
Answer:
Banking based on Shariah principles, which now holds over 20% of the market share
Islamic Banking has seen rapid growth in Pakistan. The SBP is working toward a full transition to an interest-free financial system, and Shariah-compliant banks now hold more than 25 percent of the total assets of the banking industry.
19
Which sector is currently the target of the 'Digital Pakistan' initiative?
Answer:
The entire economy, including e-governance and digital identity
The 'Digital Pakistan' vision aims to digitize the entire spectrum of the economy—from government services (e-filing, e-passports) to financial services and the development of a digital ecosystem for businesses.
20
What is the 'KIBOR' and why is it important for the financial services sector?
Answer:
Karachi Interbank Offered Rate, the benchmark for lending rates
KIBOR is the average interest rate at which commercial banks lend to one another. It is the fundamental benchmark used for determining the interest rates on most commercial, industrial, and consumer loans in Pakistan.