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#1
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.
#2
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.
#3
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.
#4
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.
#5
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.
#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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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.
#8
By TheQuizWire
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Medium
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Fact Checked
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14 Jan 2026
If market interest rates rise, what is the effect on the price of existing fixed-rate bonds?
💡 Explanation:Bond prices and interest rates have an inverse relationship. When market interest rates rise, existing bonds that offer a lower, fixed coupon rate become less attractive to investors. To make them competitive in the secondary market, their price must fall, which effectively increases the bond’s yield (yield-to-maturity) to align with the new, higher market rates.
#9
By TheQuizWire
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Medium
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Fact Checked
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14 Jan 2026
What is the primary legal right that incentivizes creation and innovation in the entertainment industry?
💡 Explanation:Copyright Protection is the cornerstone of intellectual property in the entertainment industry. It grants the creator of an original work (e.g., music, film, literature) exclusive rights to use and distribute it, thus providing the necessary economic incentive and legal protection against unauthorized copying or use. Trademark protects branding and titles, while Patent Law applies to technological inventions.
#10
By TheQuizWire
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Medium
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14 Jan 2026
Which agreement is focused on expanding trade between Pakistan and the Gulf Cooperation Council (GCC) member states?
💡 Explanation:The Pakistan-GCC Free Trade Agreement (FTA) is an initiative aimed at strengthening economic ties and facilitating greater trade and investment between Pakistan and the six member states of the Gulf Cooperation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and UAE). A preliminary agreement was signed in September 2023.
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