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#1
By TheQuizWire
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15 Jan 2026
What is the immediate effect of a central bank selling government bonds on money supply and interest rates?
💡 Explanation:Selling government bonds on the open market is a contractionary monetary policy action (Open Market Sales). When the central bank sells bonds, commercial banks use their reserves to purchase them, which effectively removes money from the banking system, thus reducing the money supply. A decrease in the money supply (or reserves) increases the cost of borrowing for banks, leading to a rise in market interest rates.
#2
By TheQuizWire
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Medium
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15 Jan 2026
What does the short-run Phillips Curve primarily illustrate in macroeconomics?
💡 Explanation:The short-run Phillips Curve illustrates the inverse relationship, or trade-off, between the rate of inflation and the rate of unemployment in an economy. In the short run, policymakers can often reduce unemployment by stimulating aggregate demand, but this action tends to lead to higher inflation, and vice versa. This relationship breaks down in the long run as expectations adjust, but the short-run curve captures this immediate policy dilemma.
#3
By TheQuizWire
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Medium
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14 Jan 2026
The Pritzker Architecture Prize, widely regarded as the field’s top honor, is awarded annually for achievements in which discipline?
💡 Explanation:The Pritzker Architecture Prize is an annual award established by the Pritzker family of Chicago. It is recognized as the most significant award in the field of architecture, often referred to as 'architecture's Nobel'.
#4
By TheQuizWire
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Medium
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14 Jan 2026
What economic term describes a mandated maximum price a seller can charge for a product or service?
💡 Explanation:A price ceiling is a government-imposed limit on how high a price is permitted to be charged for a good or service. Governments typically implement price ceilings, such as capping airfares, to protect consumers from excessive price increases, particularly during times of crisis or supply shortages.
#5
By TheQuizWire
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Medium
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14 Jan 2026
Who is the ex-officio Chairman of the Judicial Commission of Pakistan (JCP)?
💡 Explanation:The Judicial Commission of Pakistan (JCP) is the body responsible for recommending the appointment of judges to the Supreme Court and High Courts. The Chief Justice of Pakistan (CJP) serves as the ex-officio Chairman of the JCP, as provided by the Constitution of Pakistan.
#6
By TheQuizWire
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Medium
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14 Jan 2026
A corporate asset writedown primarily indicates a reduction in which financial metric?
💡 Explanation:A writedown is an accounting procedure where the book value (or carrying amount) of an asset on the balance sheet is reduced to reflect a decline in its economic or fair market value. This adjustment is made when the asset is deemed impaired or no longer worth the value at which it is currently recorded. This loss is then reflected as an expense on the income statement.
#7
By TheQuizWire
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Hard
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Fact Checked
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14 Jan 2026
Which quantum mechanical principle enables a quantum computer’s potential computational state space to grow exponentially with the number of qubits?
💡 Explanation:Quantum Superposition is the principle that allows a quantum bit (qubit) to exist in a combination of the '0' and '1' states simultaneously. This means that a system of 'N' qubits can represent $2^N$ possible states concurrently, which is the mechanism that enables the exponential increase in computational power over classical computers that increase power linearly with the number of bits.
#8
By TheQuizWire
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Medium
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Fact Checked
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14 Jan 2026
What is the nature of the owner’s liability for business debts in a sole proprietorship?
💡 Explanation:A sole proprietorship is a business structure where the business is not a separate legal entity from its owner. This means the owner is personally responsible for all business debts and obligations, which is known as unlimited personal liability. If the business incurs debts, the owner's personal assets (like home or savings) are at risk.
#9
By TheQuizWire
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Medium
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14 Jan 2026
What body should the Federal Government consult for national security policies directly impacting a specific province?
💡 Explanation:In Pakistan’s federal structure, consultation with the relevant Provincial Assembly is essential for creating and implementing national security or counter-terrorism policies that directly affect a province's jurisdiction. This ensures provincial ownership, democratic legitimacy, and adherence to the principles of devolution and federal-provincial autonomy.
#10
By TheQuizWire
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Medium
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14 Jan 2026
What is the primary historical boundary line causing ongoing tension between Pakistan and Afghanistan?
💡 Explanation:The Durand Line, established in 1893, is the 2,670-kilometer border between Pakistan and Afghanistan. Successive Afghan governments have historically disputed its legitimacy, making it a persistent source of bilateral tension and security issues.
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