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#1
By TheQuizWire
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27 Jan 2026
What key characteristic limits the personal financial risk of corporate shareholders to the amount they initially invested?
💡 Explanation:Limited liability is a fundamental characteristic of a corporation, ensuring that shareholders are generally not personally responsible for the company's debts or obligations. Their maximum financial loss is limited to the value of the shares they own, which encourages investment.
#2
By TheQuizWire
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27 Jan 2026
The conflict arising from managers pursuing self-interest instead of owner goals is best defined as:
💡 Explanation:The Principal-Agent Problem (or Agency Problem) describes the conflict of interest between a person or group (the principal, e.g., shareholders) and another person or group (the agent, e.g., managers) who is working on their behalf. The agent may prioritize personal gains over the principal's objectives.
#3
By TheQuizWire
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27 Jan 2026
What is the core functional difference in the mandates of the IMF and the World Bank?
💡 Explanation:The International Monetary Fund (IMF) primarily focuses on ensuring the stability of the international monetary system by providing short-term financial assistance (liquidity) to help members address balance-of-payments difficulties. The World Bank Group's core mandate, primarily through the IBRD and IDA, is to promote long-term economic development and poverty reduction, typically through project financing.
#4
By TheQuizWire
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27 Jan 2026
A tennis game is at 40-40 (deuce). If the returner wins the next point, what is the score?
💡 Explanation:In tennis, the score 40-40 is called 'deuce.' The player who wins the point immediately following deuce is said to have 'advantage.' If the returner (non-serving player) wins the point, the score is 'Advantage Returner' (or Ad-Out). If that player wins the subsequent point, they win the game; if they lose it, the score reverts to deuce.
#5
By TheQuizWire
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Medium
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27 Jan 2026
What is the primary constitutional mandate of the National Finance Commission (NFC) under Article 160?
💡 Explanation:Article 160 of the Constitution of Pakistan limits the scope of the NFC strictly to the vertical and horizontal sharing (distribution) of federal revenues among the federation and the provinces. It does not deal with expenditure efficiency.
#6
By TheQuizWire
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Medium
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26 Jan 2026
Which legislative act governs the registration and structure of Shaukat Khanum Memorial Trust (SKMT) in Pakistan?
💡 Explanation:The Shaukat Khanum Memorial Trust (SKMT), a major charitable organization, is established and registered under the Societies Registration Act XXI of 1860 in Pakistan.
#7
By TheQuizWire
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Medium
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26 Jan 2026
Constitutional allocation of resources to provinces in Pakistan under the NFC Award is primarily based on what factor?
💡 Explanation:The allocation of resources among federating units under the National Finance Commission (NFC) Award is heavily reliant on population size, making census data highly politicized and critical for provincial financing.
#8
By TheQuizWire
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Medium
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26 Jan 2026
Salesforce estimated AI influence on global sales during a key consumer period. What percentage of total sales was cited?
💡 Explanation:Salesforce estimated that AI tools influenced $73 billion, representing 22% of all global sales during the major holiday shopping period from the Tuesday before Thanksgiving through Cyber Monday.
#9
By TheQuizWire
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Medium
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26 Jan 2026
What percentage of national tax revenue collection is often cited in public debate as originating from Karachi?
💡 Explanation:Urban advocacy and political groups frequently claim that Karachi generates a highly disproportionate share of Pakistan's total tax revenue, with the cited figure often reaching 90 percent.
#10
By TheQuizWire
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Medium
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26 Jan 2026
Since which major diplomatic incident have India and Pakistan primarily maintained closed airspaces for each other’s civilian flights?
💡 Explanation:The airspace closure policy between the two countries was instituted following the escalation of security tensions in April, triggered by the Pahalgam security incident and subsequent military engagements.
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