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The MCQs below are drawn from the Current Affairs subject category.
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64031
Which article of the Constitution of Pakistan mandates the state to provide free and compulsory education to all children between the ages of five and sixteen years?
Article 25-A was inserted into the Constitution via the 18th Amendment to ensure the fundamental right to education, distinguishing it from the non-justiciable principles of policy found in Article 37.
The Marrakesh Agreement (1994) formally established the WTO, which succeeded the General Agreement on Tariffs and Trade (GATT) as the primary institution governing international trade.
The Washington Consensus emphasizes market-oriented reforms, including fiscal discipline, trade liberalization, and privatization, as essential tools for economic stabilization in developing nations.
Consider the following statements regarding policy developments and national events occurring in August 2026:
1. The Sindh Governor has taken steps toward institutional modernization by inaugurating an AI laboratory at an engineering university.
2. The Government of Pakistan has unveiled a roadmap to restructure and unbundle existing gas utility companies into five distinct entities.
3. The national transport sector has announced a nationwide protest action slated to commence on August 8 due to operational grievances.
All statements are verified: the Governor of Sindh inaugurated an AI laboratory at SSUET; the government formally proposed restructuring gas utilities SNGPL and SSGCL into five entities; and transport associations have confirmed a nationwide strike beginning August 8. [Source: https://www.brecorder.com/news/40433354/nehal-inaugurates-ai-lab-at-ssuet]
64035
Which of the following organizations is primarily responsible for facilitating policy dialogue and setting standards for economic governance among developed market economies?
The OECD serves as a forum for member countries to discuss and develop economic and social policies, often acting as a 'think tank' for global governance standards.
The Dispute Settlement Body (DSB) is the WTO organ responsible for administering the rules and procedures for the settlement of disputes, a core pillar of global trade governance.
Which principle serves as the foundational pillar of the General Agreement on Tariffs and Trade (GATT) and the subsequent World Trade Organization (WTO) framework?
The Most-Favored-Nation (MFN) principle, which mandates that trade concessions granted to one member must be extended to all other members, is a cornerstone of the multilateral trading system established by GATT.
RCEP is a mega-regional trade agreement that consolidates various existing ASEAN+1 free trade agreements into a unified framework, streamlining rules of origin and trade facilitation across the Asia-Pacific region.
IOSCO is the international body that brings together the world's securities regulators and is recognized as the global standard setter for the securities sector, focusing on market integrity and investor protection.
Mercosur is a regional integration process that functions as a customs union, facilitating the free movement of goods and services among its member states in South America.
