April 2024 Edition
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April 2024 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#1941
During his previous visit in April 2026, Finance Minister Aurangzeb discussed Pakistan's plans to return to international capital markets using which financial instruments?
(a) Green Bonds and Samurai Bonds
(b) Sovereign Sukuk and Treasury Bills
(c) Panda Bonds and Eurobonds
(d) Development Loans and Grants
Explanation: The Finance Minister briefed investors on plans to re-enter international capital markets specifically through the issuance of Panda Bonds and Eurobonds. These instruments are intended to diversify Pakistan's external financing sources. [Source: https://www.dawn.com/news/2016679/finance-minister-aurangzeb-arrives-in-us-on-3-day-visit-expected-to-hold-talks-on-trade-finance-investment, 19 Jul 2026]
#1942
On April 18, 2026, the State Bank of Pakistan confirmed the repayment of how much debt to the United Arab Emirates?
(a) $1.5 billion
(b) $3.5 billion
(c) $2 billion
(d) $5 billion
Explanation: The State Bank of Pakistan officially announced on April 18, 2026, that the government had successfully repaid $2 billion to the UAE. While the total loan amount sought by the UAE was $3.5 billion, the specific payment confirmed on this date was $2 billion. [Source: https://www.dawn.com/news/1993003/sbp-says-govt-has-paid-2bn-to-uae, 18 Apr 2026]
#1943
What is the final value of the Eurobond issuance announced by the government on April 20, 2026?
(a) $500 million
(b) $750 million
(c) $1 billion
(d) $2 billion
Explanation: The government initially planned a $500 million issuance but exercised a green-shoe option to increase the total to $750 million due to high investor demand. The $500 million figure represents the initial amount, not the final upsized total. [Source: https://www.dawn.com/news/1993495/pakistan-increases-eurobond-from-500m-to-750m, 20 Apr 2026]
#1944
What was the new price of high-speed diesel per litre following the reduction announced on April 17, 2026?
(a) Rs353.43
(b) Rs366.58
(c) Rs378.00
(d) None of these
Explanation: Following the reduction of Rs32.12, the price of high-speed diesel was adjusted from Rs385.54 to Rs353.43 per litre. The other figures represent different price points mentioned in the context of recent fuel adjustments. [Source: https://www.dawn.com/news/1992656/govt-slashes-diesel-price-by-rs32, 17 Apr 2026]
#1945
Who is the current Petroleum Minister of Pakistan as of April 2026?
(a) Muhammad Aurangzeb
(b) Ali Pervaiz Malik
(c) Bilal Yaseen
(d) None of these
Explanation: Ali Pervaiz Malik serves as the Petroleum Minister, while Muhammad Aurangzeb serves as the Finance Minister. The distinction is critical for identifying the officials responsible for economic and energy policy announcements. [Source: https://www.dawn.com/news/1992656/govt-slashes-diesel-price-by-rs32, 17 Apr 2026]
#1946
Which of the following statements regarding the fuel price adjustments in April 2026 is INCORRECT?
(a) The government reduced the price of diesel by Rs32.12 per litre.
(b) The government announced a reduction in the price of petrol by Rs55 per litre on April 17, 2026.
(c) The Prime Minister's Office issued the statement regarding the diesel price reduction.
(d) High-speed diesel is used for large generators.
Explanation: The statement regarding a Rs55 reduction in petrol on April 17, 2026, is incorrect. The government only announced a reduction in diesel prices on that date, and the Rs55 figure refers to a previous price hike event. [Source: https://www.dawn.com/news/1992656/govt-slashes-diesel-price-by-rs32, 17 Apr 2026]
#1947
Consider the following statements about the fuel price adjustments in April 2026: 1. The government reduced the petroleum levy by Rs80 per litre in early April 2026. 2. The price of petrol was set at Rs366.58 per litre in the week preceding April 17, 2026. 3. The government announced an unprecedented increase in fuel prices on April 2, 2026. Which of the statements given above is/are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) All three
Explanation: All three statements are factually accurate based on the government's policy announcements in April 2026. The government implemented a levy reduction, maintained a specific petrol price, and executed a significant price hike earlier in the month. [Source: https://www.dawn.com/news/1992656/govt-slashes-diesel-price-by-rs32, 17 Apr 2026]
#1948
In April 2026, the government raised $500 million in the international capital market through which financial instrument?
(a) Sovereign Sukuk
(b) Treasury Bill
(c) Commercial Loan
(d) Eurobond
Explanation: The government successfully raised $500 million through a Eurobond issuance in April 2026, marking the first such issuance in four years. This is part of a broader strategy to diversify financing sources beyond traditional bilateral loans. [Source: https://www.dawn.com/news/1993003/sbp-says-govt-has-paid-2bn-to-uae, 18 Apr 2026]
#1949
What was the specific reduction in the price of high-speed diesel (HSD) announced on April 11, 2026?
(a) Rs12 per litre
(b) Rs17.33 per litre
(c) Rs25.31 per litre
(d) Rs135 per litre
Explanation: The government announced a reduction of Rs135 per litre for high-speed diesel, bringing the price down to Rs385.54. The other figures represent price cuts for petrol, kerosene, and light diesel oil respectively. [Source: https://www.dawn.com/news/1990666/diesel-price-cut-by-rs135-petrol-sees-drop-of-rs12, 11 Apr 2026]
#1950
Which prestigious civilian award was conferred upon Prince Rahim al-Hussaini Aga Khan V in 2024?
(a) Tamgha-i-Pakistan
(b) Hilal-i-Pakistan
(c) Sitara-i-Pakistan
(d) Nishan-i-Pakistan
Explanation: The Nishan-i-Pakistan is the nation's highest civilian award, which was granted to the Prince in 2024 for his family's contributions to the country. The other options are lower-tier civil awards. [Source: https://www.dawn.com/news/2001810/aga-khan-affirms-commitment-to-supporting-development-during-meeting-with-president-zardari, 20 May 2026]
#1951
Consider the following statements about Pakistan's external debt management in April 2026: 1. The UAE loan being repaid was originally extended in 2019. 2. Pakistan has requested significant changes to its $7 billion IMF lending programme due to the Middle East conflict. 3. The central bank's foreign exchange reserves were reported at $20.52 billion as of April 10, 2026. Which of the statements given above is/are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) All three
Explanation: Statement 1 is correct as the UAE loan dates back to 2019. Statement 3 is correct regarding the reserve figures reported by the SBP. Statement 2 is incorrect because the Finance Minister stated that while the IMF programme is an option, the government has not yet requested changes to it. [Source: https://www.dawn.com/news/1993003/sbp-says-govt-has-paid-2bn-to-uae, 18 Apr 2026]
#1952
What is the interest rate offered on the Eurobond issued by Pakistan in April 2026?
(a) 5.975 percent
(b) 8.975 percent
(c) 7.975 percent
(d) 6.975 percent
Explanation: The sovereign yield for the 2026 Eurobond issuance was set at 6.975 percent. This rate reflects the market's assessment of the risk and the government's re-entry into global capital markets. [Source: https://www.dawn.com/news/1993495/pakistan-increases-eurobond-from-500m-to-750m, 20 Apr 2026]
#1953
Which of the following statements regarding the fuel price adjustment on April 11, 2026, is INCORRECT?
(a) The price of light diesel oil (LDO) was reduced by Rs25.31 per litre.
(b) The government decided to retain a portion of the global price fall to recoup previous subsidy expenditures.
(c) Tax rates on all fuel products were kept unchanged during this price revision.
(d) The price of kerosene was reduced by Rs17.33 per litre.
Explanation: The Prime Minister explicitly rejected the proposal to retain part of the price fall to recoup subsidy costs, making statement A incorrect. All other statements accurately reflect the details provided in the announcement. [Source: https://www.dawn.com/news/1990666/diesel-price-cut-by-rs135-petrol-sees-drop-of-rs12, 11 Apr 2026]
#1954
Which maritime trade route was reported as closed by Iran on April 18, 2026, amid escalating tensions with the United States?
(a) Strait of Hormuz
(b) Suez Canal
(c) Bab-el-Mandeb Strait
(d) Panama Canal
Explanation: Iran closed the Strait of Hormuz, stating it would remain shut until the US ended its blockade of Iranian ports. The other straits are not involved in this specific diplomatic dispute. [Source: https://www.dawn.com/news/1993458/us-delegation-expected-in-islamabad-but-uncertainty-prevails-over-talks-amid-mixed-signals-from-iran, 20 Apr 2026]
#1955
According to the announcement made on April 19, 2026, which individual was reported to lead the American delegation for the negotiations in Islamabad?
(a) Jared Kushner
(b) Steve Kushner
(c) JD Vance
(d) None of these
Explanation: US media outlets reported that Vice President JD Vance was designated to lead the American delegation. While Jared and Steve Kushner were mentioned as part of the team, Vance was the lead official cited. [Source: https://www.dawn.com/news/1993224/trump-says-us-representatives-heading-to-islamabad-will-be-there-tomorrow-evening-for-negotiations-with-iran, 19 Apr 2026]
#1956
What is the total amount the government spent on fuel subsidies over the month preceding the April 11, 2026, announcement?
(a) Rs129 billion
(b) Rs107 billion
(c) Rs81 billion
(d) Rs385 billion
Explanation: The Prime Minister noted that the government had spent Rs129 billion on fuel subsidies over the past month. The other figures refer to tax components or the final price of fuel. [Source: https://www.dawn.com/news/1990666/diesel-price-cut-by-rs135-petrol-sees-drop-of-rs12, 11 Apr 2026]
#1957
Which of the following statements regarding the diplomatic situation as of April 19, 2026, is INCORRECT?
(a) The first round of US-Iran talks in Islamabad ended without a formal agreement.
(b) The United States has officially confirmed that Iran has accepted the new deal proposed by President Trump.
(c) Iran has demanded the lifting of the US blockade on its ports as a precondition for talks.
(d) The Strait of Hormuz has been a focal point of the maritime standoff between the two nations.
Explanation: The United States has not confirmed Iran's acceptance; in fact, reports indicate that Iran's participation remains uncertain and that Tehran has expressed skepticism. Options A, B, and D are all factually supported by the provided text. [Source: https://www.dawn.com/news/1993224/trump-says-us-representatives-heading-to-islamabad-will-be-there-tomorrow-evening-for-negotiations-with-iran, 19 Apr 2026]
#1958
The ex-depot price of petrol was fixed at which of the following rates on April 11, 2026?
(a) Rs450.15 per litre
(b) Rs385.54 per litre
(c) Rs366.58 per litre
(d) Rs369.72 per litre
Explanation: Following the Rs12 reduction, the new price for petrol was fixed at Rs366.58 per litre. The other values correspond to the new prices for HSD, kerosene, and light diesel oil. [Source: https://www.dawn.com/news/1990666/diesel-price-cut-by-rs135-petrol-sees-drop-of-rs12, 11 Apr 2026]
#1959
Consider the following statements about the fuel price revision on April 11, 2026: 1. The reduction in diesel prices was partially attributed to a correction in the pricing formula that previously benefited local refineries. 2. High-speed diesel is considered an inflationary item due to its extensive use in freight transportation. 3. The government reduced the petroleum levy on petrol to provide immediate relief to consumers. Which of the statements given above is/are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) All three
Explanation: Statements 1 and 2 are correct as they reflect the pricing formula correction and the inflationary nature of diesel. Statement 3 is incorrect because the government explicitly stated that tax rates, including the petroleum levy, were kept unchanged. [Source: https://www.dawn.com/news/1990666/diesel-price-cut-by-rs135-petrol-sees-drop-of-rs12, 11 Apr 2026]
#1960
Consider the following statements about the US-Iran conflict as of April 19, 2026: 1. The US-Israeli strikes on Iran commenced on February 28, 2026. 2. President Trump threatened to target Iranian power plants and bridges if the proposed deal is rejected. 3. The Strait of Hormuz was closed by Iran in response to the US blockade of Iranian ports. Which of the statements given above are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) All three
Explanation: All three statements are factually accurate based on the report: the strikes began on February 28, the threat to infrastructure was explicitly made by President Trump, and Iran cited the US blockade as the reason for closing the Strait of Hormuz. [Source: https://www.dawn.com/news/1993224/trump-says-us-representatives-heading-to-islamabad-will-be-there-tomorrow-evening-for-negotiations-with-iran, 19 Apr 2026]