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1391
Which of the following economic indicators is most directly reflective of a nation's external trade competitiveness and the sustainability of its current account balance?
The Real Effective Exchange Rate (REER) is a critical indicator of a country's international competitiveness, as it measures the value of a currency against a basket of other currencies, adjusted for inflation differentials.
In the context of macroeconomic stabilization, which policy instrument is primarily utilized by central banks to influence aggregate demand by adjusting the cost of borrowing?
Monetary policy, specifically the adjustment of policy rates (such as the repo rate), is the primary tool used by central banks to manage liquidity, control inflation, and stabilize the economy.
Which of the following institutional mandates primarily governs the resolution of trade disputes between member states under the World Trade Organization framework?
The Dispute Settlement Body (DSB) is the specific WTO organ authorized to administer the rules and procedures of the Dispute Settlement Understanding, serving as the primary mechanism for resolving trade conflicts.
Consider the following statements about the Henley Passport Index:
1. The index evaluates 199 different passports across 227 travel destinations.
2. The ranking is calculated based on access without a prior visa or with visa-on-arrival.
3. Pakistan has consistently ranked in the top 50 countries for global mobility since 2021.
Which of the statements given above is/are correct?
Statements 1 and 2 are correct regarding the methodology of the index. Statement 3 is incorrect because Pakistan has remained near the bottom of the rankings, not the top 50. [Source: https://www.dawn.com/news/2018979/pakistani-passports-ranking-slips-to-101st-still-4th-worst-in-the-world, 28 Jul 2026]
1395
Which specific type of imported firearm was reported as recovered from the violent elements during the AJK unrest?
The State Minister for Interior confirmed the recovery of M-4 rifles, along with Kalashnikovs and sniper equipment, from the protesters, highlighting the militant nature of the group. [Source: https://www.dawn.com/news/2019021/significant-number-of-fitna-al-khawarij-terrorists-present-among-ajk-protesters-information-secretary, 28 Jul 2026]
1396
Which constitutional body is the supreme decision-making forum for economic planning in Pakistan?
The National Economic Council (NEC) is the supreme constitutional body responsible for reviewing the overall economic condition of the country and formulating plans for balanced development.
The Annual Development Programme (ADP) is the primary mechanism through which provincial governments allocate funds for development projects within their respective jurisdictions.
The Minister for Planning and Development serves as the chairperson of the Central Development Working Party, which oversees the technical appraisal of development schemes in Pakistan.
Which body is responsible for the final approval of development projects exceeding the financial limits of the Central Development Working Party (CDWP)?
The Executive Committee of the National Economic Council (ECNEC) is the constitutional body empowered to approve major development projects that exceed the financial authority delegated to the Central Development Working Party.
Azhar Sadiq of the PML-N won the LA-1 (Mirpur-I) seat with 15,427 votes. The other candidates listed won or contested in different constituencies within the Mirpur division. [Source: https://www.dawn.com/news/2018960/ajk-elections-pml-n-grabs-9-out-of-13-seats-across-mirpur-division-unofficial-results-show, 28 Jul 2026]
