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Questions and Answers
What was the growth percentage of Furniture Products during Jul-Mar FY2023?
What was the growth percentage of Large Scale Manufacturing during Jul-Mar FY2023?
What was the growth rate of the Mining and Quarrying sector during FY2023?
What was the growth percentage of Leather Products during Jul-Mar FY2023?
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Which two countries are experiencing high inflation?
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What was the growth percentage of Wearing Apparels during Jul-Mar FY2023?
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What is the current state of inflation in the United States and the United Kingdom?
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What is increasing in the international market?
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What is the general trend in the economy?
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What is the relationship between the trajectory of food and fuel and the economy?
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What was the consequence of the Russia-Ukraine war on the global demand-supply balance?
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What was the global economic growth rate in 2021?
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What was the impact of the commodity super-cycle on the global economy?
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What was the current year's global economic growth rate?
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What was the cause of the slow down of global economic growth to 2.8 percent in the current year?
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What was the domestic debt of Pakistan at the end of March 2023?
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What was the external public debt of Pakistan in terms of US dollars at the end of March 2023?
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What was the ratio of domestic debt to external public debt in Pakistan at the end of March 2023?
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What was the total public debt of Pakistan at the end of March 2023?
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What was the percentage of external public debt in terms of total public debt at the end of March 2023?
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What is the purpose of formulating a Multi-sectoral National Nutrition Policy?
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Who is supporting the formulation of the Multi-sectoral National Nutrition Policy?
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What is the expected outcome of the Multi-sectoral National Nutrition Policy?
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What is the focus of the Multi-sectoral National Nutrition Policy?
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Why is the Multi-sectoral National Nutrition Policy important?
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Study Notes
Economic Growth
- Global economic growth slowed down to 2.8% in 2023, compared to 6.2% in 2021, due to the Russia-Ukraine war's disruption of the global demand-supply balance.
Large Scale Manufacturing
- Furniture Products recorded the highest growth of 48.26% during Jul-Mar FY2023.
- Wearing Apparels grew by 31.68% during the same period.
- Footballs saw a growth of 34.82% during Jul-Mar FY2023.
- Leather Products grew by 2.47% during the same period.
Mining and Quarrying Sector
- The sector experienced a negative growth of 4.4% during FY2023, compared to a dip of 7.0% last year.
Inflation
- The United States and United Kingdom experienced their worst inflation in decades, leading to higher food and fuel prices in the international market.
National Debt
- Domestic debt stood at Rs.35,076 billion at the end of March 2023.
- External public debt stood at Rs.24,171 billion or US$ 85.2 billion at the end of March 2023.
Nutrition Security
- A Multi-sectoral National Nutrition Policy (MS-NNP) has been initiated to ensure nutrition security and reduce malnutrition.
- The policy aims to mainstream nutrition in national socio-economic development plans.
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Description
This quiz assesses your understanding of the impact of the Russia-Ukraine war on the global economy, including the disruption of the demand-supply balance and its effects on economic growth.