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#1
By TheQuizWire
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Medium
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15 Jan 2026
Which US cabinet department oversees federal immigration enforcement and border security operations?
💡 Explanation:The Department of Homeland Security (DHS), established in 2002, is the US federal executive department responsible for public security, including border security, customs, and immigration enforcement, primarily through its components like Customs and Border Protection (CBP) and Immigration and Customs Enforcement (ICE).
#2
By TheQuizWire
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Medium
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15 Jan 2026
Which three financial regulatory heads govern Pakistan’s Virtual Assets Regulatory Authority (PVARA)?
💡 Explanation:The Pakistan Virtual Assets Regulatory Authority (PVARA) is structured as a multi-stakeholder body. Its governing board includes the Governor of the State Bank of Pakistan (SBP), the Chairman of the Securities and Exchange Commission of Pakistan (SECP), and the Chairman of the Federal Board of Revenue (FBR). This composition ensures a coordinated regulatory approach covering monetary, capital market, and fiscal aspects of virtual assets.
#3
By TheQuizWire
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Easy
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Fact Checked
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15 Jan 2026
Which function fundamentally distinguishes TCP from UDP in network communication?
💡 Explanation:Transmission Control Protocol (TCP) is a connection-oriented protocol that ensures the reliable, sequential, and guaranteed delivery of data packets through mechanisms like sequencing and acknowledgments. User Datagram Protocol (UDP) is a connectionless protocol that offers faster, lower-overhead transmission but provides no guarantees of delivery or packet order. Thus, guaranteed delivery and ordered packets is the key distinguishing function.
#4
By TheQuizWire
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Medium
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15 Jan 2026
Which economic model describes growing disparity between the rich and poor following a recession?
💡 Explanation:A K-shaped economy is a post-recession recovery pattern where the performance of different sectors or groups diverges significantly. Some segments (typically high-income earners and tech) recover quickly and continue to prosper (the upper arm of the K), while others (low-income earners and traditional industries) experience a continued slump (the lower arm), leading to entrenched inequality.
#5
By TheQuizWire
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Medium
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Fact Checked
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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.
#6
By TheQuizWire
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Medium
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Fact Checked
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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.
#7
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'.
#8
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.
#9
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.
#10
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.
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