Macro Basics: GDP, Inflation, Deficit

Core economic indicators for Pakistan. Ideal for CSS, PMS, and general knowledge prep.

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Macro Basics: GDP, Inflation, Deficit
QUESTION NO 01
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CPEC stands for?

Answer: China–Pakistan Economic Corridor
CPEC is a major infrastructure and connectivity initiative with China.
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QUESTION NO 02
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The State Bank of Pakistan is the?

Answer: Central bank
SBP conducts monetary policy and regulates banks.
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QUESTION NO 03
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A key export crop associated with Pakistan is?

Answer: Cotton (and related textiles)
Cotton/textiles are central to export earnings.
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QUESTION NO 04
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Remittances are important because they?

Answer: Bring foreign exchange from overseas Pakistanis
Worker remittances are a major FX inflow.
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QUESTION NO 05
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Privatization generally means?

Answer: Transfer of state-owned enterprises to private ownership/management
It shifts ownership/operation toward the private sector.
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QUESTION NO 06
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GDP measures?

Answer: Value of goods and services produced
Gross Domestic Product summarizes economic output.
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QUESTION NO 07
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Fiscal deficit occurs when?

Answer: Government spending exceeds revenues
The budget gap is financed by borrowing or other means.
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QUESTION NO 08
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Inflation means?

Answer: General rise in price level
Inflation erodes purchasing power when prices rise broadly.
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QUESTION NO 09
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SECP regulates?

Answer: Corporate sector / capital market entities (as mandated)
Securities and Exchange Commission of Pakistan oversees companies/markets.
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QUESTION NO 10
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Special Economic Zones aim to?

Answer: Attract investment with incentives and infrastructure
SEZs offer facilitative regimes for industry and investment.
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Published By

Shahzad Mahota

@shahzad-mahota

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