July 2024 Edition
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July 2024 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#3101
Consider the following statements about the Australian market conditions on July 24, 2026: 1. The S&P/ASX 200 index recorded a decline of 0.6%. 2. Energy stocks were bolstered by oil prices exceeding $100 per barrel. 3. The Trump administration announced new tariffs on 60 trading partners including Australia. 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 report: the index fell by 0.6%, energy stocks rose due to oil prices topping $100, and the US administration announced new tariffs on 60 trading partners including Australia. [Source: https://www.brecorder.com/news/40431620/australian-shares-on-track-for-third-weekly-loss-as-miners-tech-weigh, 24 Jul 2026]
#3102
What was the primary driver for the rise in HSBC shares on July 24, 2026?
(a) The acquisition of a new retail banking chain in Europe
(b) The sale of its life insurance business in Singapore
(c) A significant increase in quarterly dividend payouts
(d) None of these
Explanation: HSBC shares rose by 1.2% following the announcement that Allianz agreed to acquire its life insurance business in Singapore for $2.1 billion. This move is part of the bank's strategy to streamline operations and focus on core Asian banking. [Source: https://www.brecorder.com/news/40431643/londons-ftse-100-rises-as-hsbc-lifts-financial-stocks-middle-east-tensions-linger, 24 Jul 2026]
#3103
According to the statement made by Ishaq Dar on July 24, 2026, approximately how many terrorist incidents occurred in Pakistan during the current year?
(a) Over 1,000
(b) Over 1,500
(c) Over 2,000
(d) Over 2,500
Explanation: Ishaq Dar reported that over 2,000 terrorist incidents had occurred in Pakistan during the year 2026, resulting in the deaths of more than 560 citizens. This statistic underscores the urgency of his call for regional accountability. [Source: https://www.brecorder.com/news/40431639/dpm-ishaq-dar-urges-sco-to-hold-afghan-taliban-accountable-over-terrorism, 24 Jul 2026]
#3104
According to the CME FedWatch tool, what is the approximate market-priced probability of a Federal Reserve rate hike as of July 24, 2026?
(a) 33 percent
(b) 25 percent
(c) 12 percent
(d) 50 percent
Explanation: Markets are pricing in a roughly one-in-three chance (approximately 33%) of a rate hike, which represents an increase from the 12% probability observed a week earlier. [Source: https://www.brecorder.com/news/40431657/sampp-500-nasdaq-fall-as-investors-juggle-earnings-mideast-risks-and-tariffs, 24 Jul 2026]
#3105
Consider the following statements about the market environment on July 24, 2026: 1. The Philadelphia SE Semiconductor index experienced a decline of 3.1%. 2. The Federal Reserve is expected to meet the following week to discuss monetary policy. 3. The U.S. military action against targets in Iran was a response to Houthi activities in Yemen. 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 provided report: the semiconductor index fell by 3.1%, the Fed is meeting the following week, and the U.S. strikes were linked to warnings regarding Iran and its Houthi allies. [Source: https://www.brecorder.com/news/40431657/sampp-500-nasdaq-fall-as-investors-juggle-earnings-mideast-risks-and-tariffs, 24 Jul 2026]
#3106
What was the price of benchmark three-month copper on the London Metal Exchange as of July 24, 2026?
(a) $12,450.25 per metric ton
(b) $13,626.50 per metric ton
(c) $14,890.75 per metric ton
(d) None of these
Explanation: The benchmark three-month copper price on the LME was recorded at $13,626.50 per metric ton on the specified date. This reflects a 0.2% increase following two sessions of decline. [Source: https://www.brecorder.com/news/40431641/copper-edges-up-heads-for-weekly-gain-as-non-us-stocks-tighten, 24 Jul 2026]
#3107
What is the status of Comex copper stocks in the United States as of July 24, 2026?
(a) They have reached a record high of 639,147 metric tons.
(b) They have fallen to their lowest level since March.
(c) They have remained stagnant due to import bans.
(d) They have decreased by 5.2% due to reverse cancellations.
Explanation: Comex copper stocks in the U.S. rose to a record 639,147 metric tons, contrasting with the tightening inventories observed in the London Metal Exchange and Shanghai markets. [Source: https://www.brecorder.com/news/40431641/copper-edges-up-heads-for-weekly-gain-as-non-us-stocks-tighten, 24 Jul 2026]
#3108
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]
#3109
Which of the following statements regarding the copper market on July 24, 2026, is INCORRECT?
(a) Benchmark three-month copper on the LME rose by 0.2%.
(b) Oil prices exceeded $100 a barrel due to Middle East conflict escalation.
(c) Available LME inventory rose by 5.2% due to reverse cancellations.
(d) Aluminium prices increased by 0.7% alongside copper.
Explanation: Aluminium prices actually fell by 0.7% to $3,165.50 a ton, making the statement that they increased incorrect. The other three statements accurately reflect the market data provided. [Source: https://www.brecorder.com/news/40431641/copper-edges-up-heads-for-weekly-gain-as-non-us-stocks-tighten, 24 Jul 2026]
#3110
On July 24, 2026, which UAE-based company saw a 4.4% gain in its stock price following reports of interest in its district cooling assets?
(a) Tecom Group
(b) National Central Cooling Company (Tabreed)
(c) Alpha Dhabi Holding
(d) Aldar Properties
Explanation: Tabreed's stock rose by 4.4% after reports indicated that I Squared Capital and Saudi Tabreed were bidding for district cooling assets in Riyadh. Other companies like Tecom Group and Alpha Dhabi Holding experienced declines during the same trading session. [Source: https://www.brecorder.com/news/40431652/uae-stocks-slip-amid-escalating-middle-east-conflict, 24 Jul 2026]
#3111
Consider the following statements about the global copper market as of July 24, 2026: 1. The escalation of conflict in the Middle East has negatively impacted the global economic growth outlook. 2. Reverse cancellations in South Korea and Taiwan contributed to an increase in available LME copper inventory. 3. The United States imposed new tariffs of 10% and 12.5% on goods from 60 trading partners. 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 report: geopolitical tensions weighed on growth, reverse cancellations increased available LME stocks, and the U.S. implemented the specified tariff measures. [Source: https://www.brecorder.com/news/40431641/copper-edges-up-heads-for-weekly-gain-as-non-us-stocks-tighten, 24 Jul 2026]
#3112
Which of the following statements regarding Pakistan's recent domestic policy developments as of July 29, 2026, are correct?
(a) Only 1 and 2 are correct.
(b) Only 2 and 3 are correct.
(c) Only 1 and 3 are correct.
(d) 1, 2, and 3 are all correct.
Explanation: The digitization of welfare via the Rahmat Card aims to increase transparency, the FBR is implementing new tax regimes to address fiscal deficits, and monsoon-related climate events continue to pose significant infrastructure and human safety risks in cities like Lahore. [Source: https://www.brecorder.com/news/40432278/jazzcash-begins-rahmat-card-digital-disbursements]
#3113
Arrange the following diplomatic and geopolitical events involving Pakistan in the order of their focus on regional engagement and global standing as reported on July 29, 2026:
(a) 1, 2, 3, 4
(b) 4, 3, 2, 1
(c) 2, 3, 4, 1
(d) 3, 1, 4, 2
Explanation: The chronological reporting indicates that diplomatic priorities proceeded from the assessment of passport power (Henley Index) to substantive bilateral defense ratification with Kuwait, followed by the DPM's high-level dialogue with Kuwait, and finally, broader Middle Eastern advocacy through support for Jordan's diplomatic proposal. [Source: https://www.brecorder.com/news/40432257/pakistani-passport-ranked-fourth-weakest-in-the-world]
#3114
Which of the following statements regarding the market performance on July 24, 2026, is INCORRECT?
(a) Dubai Islamic Bank declined by 1.5%.
(b) Alpha Dhabi Holding dropped by 0.7%.
(c) Tecom Group declined by 2.1%.
(d) Aldar Properties increased by 2.1%.
Explanation: Aldar Properties actually slipped by 0.5%, making the claim that it increased by 2.1% incorrect. The other statements accurately reflect the performance of the mentioned companies on that date. [Source: https://www.brecorder.com/news/40431652/uae-stocks-slip-amid-escalating-middle-east-conflict, 24 Jul 2026]
#3115
What was the primary geopolitical catalyst cited for the decline in UAE stock markets on July 24, 2026?
(a) Escalating conflict in the Middle East
(b) Global interest rate hikes
(c) Collapse of major regional trade agreements
(d) Significant drop in global gold prices
Explanation: The decline was driven by investor caution regarding escalating regional tensions, specifically threats of military action following attacks on Saudi oil tankers in the Red Sea. Interest rate hikes and trade agreements were not the primary drivers of this specific market movement. [Source: https://www.brecorder.com/news/40431652/uae-stocks-slip-amid-escalating-middle-east-conflict, 24 Jul 2026]
#3116
Consider the following statements about the market conditions on July 24, 2026: 1. Oil prices were on course for a near 10% jump for the week. 2. The Dubai index recorded its third consecutive weekly loss. 3. Abu Dhabi's benchmark index ended the week with a 0.5% gain. 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 market data provided for the week ending July 24, 2026. Oil prices showed significant weekly growth, while the Dubai and Abu Dhabi indices followed the reported weekly trends. [Source: https://www.brecorder.com/news/40431652/uae-stocks-slip-amid-escalating-middle-east-conflict, 24 Jul 2026]
#3117
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]
#3118
Consider the following statements about the front-running case involving Axis Mutual Fund: 1. The scheme involved leaking confidential information about the fund house's impending trades. 2. Prijesh Kurani, a Dubai-based trader, was identified as a collaborator in the scheme. 3. The SEBI order was finalized and passed on July 24, 2026. 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 SEBI order. The scheme involved the misuse of confidential trade information, collaboration with a Dubai-based trader, and the final order was issued on the specified date of July 24, 2026. [Source: https://www.brecorder.com/news/40431649/india-regulator-bars-former-axis-mf-dealer-for-seven-years-in-front-running-case, 24 Jul 2026]
#3119
The Nifty 50 index closed at which of the following levels on July 24, 2026?
(a) 78,210.30
(b) 76,059.77
(c) 22,540.12
(d) 23,767.45
Explanation: The Nifty 50 fell 0.43% to close at 23,767.45 on the specified date. The BSE Sensex closed at 76,059.77. [Source: https://www.brecorder.com/news/40431634/indian-shares-log-weekly-losses-as-crude-climbs-hdfc-bank-tumbles, 24 Jul 2026]
#3120
Which of the following factors is NOT cited as a primary risk to the Indian economy in the context of the July 24, 2026 market report?
(a) Persistent high crude oil prices
(b) Excessive foreign direct investment inflows
(c) Supply-chain disruptions
(d) Erratic monsoon and rainfall deficit
Explanation: The report identifies high oil prices, rainfall deficits, and supply-chain disruptions as key risks. Excessive foreign direct investment is not mentioned as a risk factor in this context. [Source: https://www.brecorder.com/news/40431634/indian-shares-log-weekly-losses-as-crude-climbs-hdfc-bank-tumbles, 24 Jul 2026]