January 2024 Edition
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January 2024 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#1501
Consider the following statements about development loans in Pakistan: 1. The markup rate for 2025-26 is lower than the rate charged in 2024-25. 2. The federal government charges markup on loans to provincial governments as a source of revenue. 3. Foreign re-lent loans are advanced by the federal government out of its own domestic resources. 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 rate dropped from 17.74 percent to 11.89 percent. Statement 2 is correct as markup on these loans is a key revenue stream. Statement 3 is incorrect because cash development loans are funded from domestic resources, while foreign re-lent loans are sourced from international lenders. [Source: https://www.dawn.com/news/2018194/centre-cuts-markup-on-uplift-loans-to-1189pc, 24 Jul 2026]
#1502
Consider the following statements about the automotive sector in 8MFY26: 1. The sharp month-on-month decline in February 2026 sales was partly attributed to a high base effect from January. 2. Lower interest rates and easing inflation were cited as key drivers for year-on-year growth. 3. Tractor sales experienced a significant year-on-year growth of 43 percent during the 8MFY26 period. 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 market analysis provided by industry experts. Statement 3 is incorrect because tractor sales actually plunged by 21 percent year-on-year, not grew by 43 percent. [Source: https://www.dawn.com/news/1980724/auto-sales-rise-43pc-in-july-february, 11 Mar 2026]
#1503
Consider the following statements about the Indian bond market and macroeconomic indicators as of July 24, 2026: 1. The 10-year U.S. Treasury yield reached its highest level since January 2025. 2. Brent crude prices briefly exceeded $100 per barrel for the first time in two months. 3. The probability of a Federal Reserve rate hike in September was estimated at 30%. 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. Statement 3 is incorrect because the probability of a Federal Reserve rate hike in September was reported at 80%, while the probability for July was 30%. [Source: https://www.brecorder.com/news/40431650/india-bonds-end-three-day-losing-streak-but-post-second-straight-weekly-decline, 24 Jul 2026]
#1504
Arrange the following major international and regional developments in the correct chronological order of their reported occurrences or scheduling (earliest to latest): 1. The 11th Pakistan Banking Awards. 2. The 2024 uprising in Bangladesh leading to the current political climate for Sheikh Hasina. 3. The reported monsoon-related fatalities in India reaching over 100 on August 6, 2026. 4. The legislative advancement of a conditional amnesty bill for PKK fighters in Turkey.
(a) 2, 3, 4, 1
(b) 3, 2, 4, 1
(c) 2, 1, 3, 4
(d) 4, 2, 3, 1
Explanation: The sequence is determined by the 2024 Bangladesh uprising, followed by the specific disaster reports from India (August 6, 2026), the legislative action in Turkey (August 6, 2026), and finally the scheduled Pakistan Banking Awards (August 21, 2026). [Source: https://www.dawn.com/news/2020870/floods-landslides-leave-over-100-dead-as-monsoon-batters-india]
#1505
Which of the following Apple models remained stable with no change in valuation between the January ruling and the April 2026 ruling?
(a) iPhone 15 Pro Max
(b) iPhone XS Max
(c) iPhone SE 2
(d) iPhone 13
Explanation: The iPhone XS Max and the iPhone SE 3 were identified as the most stable models, showing no change in valuation between the two rulings. Other models like the iPhone 15 Pro Max and iPhone SE 2 experienced varying degrees of upward adjustment. [Source: https://www.dawn.com/news/1994373/customs-increases-import-valuation-for-62-old-and-used-mobile-phone-models, 23 Apr 2026]
#1506
Which Apple mobile phone models remained stable with no change in valuation between the January and April 2026 rulings?
(a) iPhone 15 Pro Max and iPhone 14
(b) iPhone 13 and iPhone 12 Pro
(c) iPhone XS Max and iPhone SE 3
(d) iPhone 11 and iPhone XR
Explanation: The iPhone XS Max and iPhone SE 3 were identified as the most stable models, showing no change in their customs valuation between the two rulings. Other models experienced varying degrees of upward revision. [Source: https://www.dawn.com/news/1994373/customs-increases-import-valuation-for-62-old-and-used-mobile-phone-models, 23 Apr 2026]
#1507
In 2024, which Indian regulatory body investigated Amazon for alleged breaches of competition laws related to deep discounting?
(a) Securities and Exchange Board of India
(b) Insurance Regulatory and Development Authority
(c) Reserve Bank of India
(d) Competition Commission of India
Explanation: The Competition Commission of India (the antitrust watchdog) conducted the investigation into Amazon's business practices. The other bodies listed regulate financial markets, banking, and insurance, respectively. [Source: https://www.brecorder.com/news/40431461/india-relaxes-e-commerce-investment-rules-for-exports-in-win-for-amazon, 23 Jul 2026]
#1508
Consider the following statements about development loans in Pakistan: 1. The markup rate for 2025-26 is lower than the rate charged in 2024-25. 2. The federal government charges markup on loans to provincial governments as a source of revenue. 3. Foreign re-lent loans are advanced by the federal government out of its own domestic resources. 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 rate dropped from 17.74 percent to 11.89 percent. Statement 2 is correct as markup on these loans is a key revenue stream. Statement 3 is incorrect because cash development loans are funded from domestic resources, while foreign re-lent loans are sourced from international lenders. [Source: https://www.dawn.com/news/2018194/centre-cuts-markup-on-uplift-loans-to-1189pc, 24 Jul 2026]
#1509
Consider the following statements about the automotive sector in 8MFY26: 1. The sharp month-on-month decline in February 2026 sales was partly attributed to a high base effect from January. 2. Lower interest rates and easing inflation were cited as key drivers for year-on-year growth. 3. Tractor sales experienced a significant year-on-year growth of 43 percent during the 8MFY26 period. 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 market analysis provided by industry experts. Statement 3 is incorrect because tractor sales actually plunged by 21 percent year-on-year, not grew by 43 percent. [Source: https://www.dawn.com/news/1980724/auto-sales-rise-43pc-in-july-february, 11 Mar 2026]
#1510
Consider the following statements about the Senate vehicle procurement controversy: 1. The vehicle was purchased during the 2024-2025 financial year. 2. The Senate Secretariat claimed the purchase was part of a transparent procurement process. 3. The vehicle was delivered to the Senate Chairperson in May 2025. 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 purchase occurred in the 2024-2025 financial year. Statement 2 is correct as the Secretariat cited a transparent procurement process. Statement 3 is incorrect because the vehicle was delivered in March 2026, not May 2025 (which was when the payment was made). [Source: https://www.dawn.com/news/1982703/rebuttal-on-purchase-of-luxury-vehicle-for-yousaf-raza-gilani-from-senate-budget-leaves-questions-unanswered, 16 Mar 2026]
#1511
Consider the following statements about the Indian bond market and macroeconomic indicators as of July 24, 2026: 1. The 10-year U.S. Treasury yield reached its highest level since January 2025. 2. Brent crude prices briefly exceeded $100 per barrel for the first time in two months. 3. The probability of a Federal Reserve rate hike in September was estimated at 30%. 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. Statement 3 is incorrect because the probability of a Federal Reserve rate hike in September was reported at 80%, while the probability for July was 30%. [Source: https://www.brecorder.com/news/40431650/india-bonds-end-three-day-losing-streak-but-post-second-straight-weekly-decline, 24 Jul 2026]
#1512
Consider the following statements regarding the legal and political discourse surrounding the ICC warrant in New York: 1. The Mayor of New York City asserted that his office possesses the independent legal authority to execute the ICC warrant. 2. The US federal government holds the authority to execute international arrest warrants within the country. 3. The ICC warrant for Benjamin Netanyahu was initially announced in 2024. 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 false because the Mayor explicitly stated he does NOT have the authority. Statements 2 and 3 are factually correct based on the provided information. [Source: https://www.dawn.com/news/2017473/he-is-a-war-criminal-mamdani-says-ny-cannot-arrest-netanyahu-on-icc-warrant-urges-us-federal-officials-to-step-in, 22 Jul 2026]
#1513
Consider the following statements about the Indian bond market and macroeconomic indicators as of July 24, 2026: 1. The 10-year U.S. Treasury yield reached its highest level since January 2025. 2. Brent crude prices briefly exceeded $100 per barrel for the first time in two months. 3. The probability of a Federal Reserve rate hike in September was estimated at 30%. 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. Statement 3 is incorrect because the probability of a Federal Reserve rate hike in September was reported at 80%, while the probability for July was 30%. [Source: https://www.brecorder.com/news/40431650/india-bonds-end-three-day-losing-streak-but-post-second-straight-weekly-decline, 24 Jul 2026]
#1514
Consider the following statements about the Indian bond market and macroeconomic indicators as of July 24, 2026: 1. The 10-year U.S. Treasury yield reached its highest level since January 2025. 2. Brent crude prices briefly exceeded $100 per barrel for the first time in two months. 3. The probability of a Federal Reserve rate hike in September was estimated at 30%. 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. Statement 3 is incorrect because the probability of a Federal Reserve rate hike in September was reported at 80%, while the probability for July was 30%. [Source: https://www.brecorder.com/news/40431650/india-bonds-end-three-day-losing-streak-but-post-second-straight-weekly-decline, 24 Jul 2026]
#1515
According to the analysis by Ryan Burge, what percentage of Catholic voters supported Donald Trump in the 2024 election?
(a) 42 per cent
(b) 56 per cent
(c) 65 per cent
(d) 50 per cent
Explanation: The analysis by Professor Ryan Burge indicates that Catholic voters backed Trump by a 56 per cent to 42 per cent margin in the 2024 election. This represented a significant shift compared to previous election cycles. [Source: https://www.dawn.com/news/1991418/i-thought-it-was-me-as-a-doctor-trump-on-ai-image-of-himself-as-jesus-like-figure, 13 Apr 2026]
#1516
According to the analysis by Ryan Burge, what percentage of Catholic voters supported Donald Trump in the 2024 election?
(a) 42 per cent
(b) 56 per cent
(c) 65 per cent
(d) 50 per cent
Explanation: The analysis by Professor Ryan Burge indicates that Catholic voters backed Trump by a 56 per cent to 42 per cent margin in the 2024 election. This represented a significant shift compared to previous election cycles. [Source: https://www.dawn.com/news/1991418/i-thought-it-was-me-as-a-doctor-trump-on-ai-image-of-himself-as-jesus-like-figure, 13 Apr 2026]
#1517
In 2024, which Indian regulatory body investigated Amazon for alleged breaches of competition laws related to deep discounting?
(a) Securities and Exchange Board of India
(b) Insurance Regulatory and Development Authority
(c) Reserve Bank of India
(d) Competition Commission of India
Explanation: The Competition Commission of India (the antitrust watchdog) conducted the investigation into Amazon's business practices. The other bodies listed regulate financial markets, banking, and insurance, respectively. [Source: https://www.brecorder.com/news/40431461/india-relaxes-e-commerce-investment-rules-for-exports-in-win-for-amazon, 23 Jul 2026]
#1518
Consider the following statements about the automotive sector in 8MFY26: 1. The sharp month-on-month decline in February 2026 sales was partly attributed to a high base effect from January. 2. Lower interest rates and easing inflation were cited as key drivers for year-on-year growth. 3. Tractor sales experienced a significant year-on-year growth of 43 percent during the 8MFY26 period. 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 market analysis provided by industry experts. Statement 3 is incorrect because tractor sales actually plunged by 21 percent year-on-year, not grew by 43 percent. [Source: https://www.dawn.com/news/1980724/auto-sales-rise-43pc-in-july-february, 11 Mar 2026]
#1519
Arrange the following major international and regional developments in the correct chronological order of their reported occurrences or scheduling (earliest to latest): 1. The 11th Pakistan Banking Awards. 2. The 2024 uprising in Bangladesh leading to the current political climate for Sheikh Hasina. 3. The reported monsoon-related fatalities in India reaching over 100 on August 6, 2026. 4. The legislative advancement of a conditional amnesty bill for PKK fighters in Turkey.
(a) 2, 3, 4, 1
(b) 3, 2, 4, 1
(c) 2, 1, 3, 4
(d) 4, 2, 3, 1
Explanation: The sequence is determined by the 2024 Bangladesh uprising, followed by the specific disaster reports from India (August 6, 2026), the legislative action in Turkey (August 6, 2026), and finally the scheduled Pakistan Banking Awards (August 21, 2026). [Source: https://www.dawn.com/news/2020870/floods-landslides-leave-over-100-dead-as-monsoon-batters-india]
#1520
The opposition alliance that condemned the Gilgit-Baltistan election process as an 'action replay' of the 2024 general elections is known as:
(a) Tehreek Tahaffuz Ayeen-e-Pakistan (TTAP)
(b) Joint Awami Action Committee (JAAC)
(c) Majlis Wahdat-i-Muslimeen (MWM)
(d) Pakistan Democratic Movement (PDM)
Explanation: The Tehreek Tahaffuz Ayeen-e-Pakistan (TTAP), chaired by Mehmood Khan Achakzai, issued the statement rejecting the results. The JAAC is a separate organization mentioned in the context of protests in Azad Jammu and Kashmir. [Source: https://www.dawn.com/news/2006146/action-replay-of-2024-elections-pti-ttap-reject-gb-election-results-level-rigging-allegations, 08 Jun 2026]