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.
#3861
On July 23, 2026, what was the primary geopolitical factor cited for the decline in Indian equity markets?
(a) Escalating tensions in the Middle East
(b) Unexpected interest rate hikes by the central bank
(c) Severe monsoon-related supply chain disruptions
(d) None of these
Explanation: The decline in Indian shares was attributed to rising oil prices caused by geopolitical tensions in the Middle East. This surge in energy costs negatively impacted investor sentiment and global risk appetite. [Source: https://www.brecorder.com/news/40431442/indian-shares-extend-drop-on-oil-surge-infosys-indigo-results-awaited, 23 Jul 2026]
#3862
On July 23, 2026, the benchmark palm oil contract for October delivery reached its highest level in more than three months on which exchange?
(a) Chicago Board of Trade
(b) Bursa Malaysia Derivatives Exchange
(c) Dalian Commodity Exchange
(d) None of these
Explanation: The benchmark palm oil contract is traded on the Bursa Malaysia Derivatives Exchange. The Chicago Board of Trade and Dalian Commodity Exchange are relevant to rival oils like soyoil but are not the primary venue for the Malaysian palm oil contract mentioned. [Source: https://www.brecorder.com/news/40431446/palm-oil-hits-3-month-high-on-supply-risks-biodiesel-demand-prospects, 23 Jul 2026]
#3863
On July 23, 2026, which international oil benchmark exceeded the $100 per barrel price threshold?
(a) West Texas Intermediate
(b) Brent North Sea crude
(c) OPEC Reference Basket
(d) None of these
Explanation: Brent North Sea crude is the specific benchmark cited as having topped $100 per barrel on the event date. West Texas Intermediate is a common alternative benchmark but was not the primary focus of this specific market report. [Source: https://www.brecorder.com/news/40431469/us-stocks-tumble-as-brent-oil-tops-100, 23 Jul 2026]
#3864
Consider the following statements about the Indian market performance on July 23, 2026: 1. Both the Nifty 50 and BSE Sensex recorded their fourth consecutive session of losses. 2. The decline was limited to only three major sectors of the Indian economy. 3. Analysts identified a sustained rise in oil prices above $100 per barrel as a significant risk to future market performance. 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 indices logged their fourth straight session of losses. Statement 2 is incorrect because fifteen of the sixteen major sectors fell. Statement 3 is correct as analysts highlighted the $100 per barrel threshold as a critical risk factor. [Source: https://www.brecorder.com/news/40431442/indian-shares-extend-drop-on-oil-surge-infosys-indigo-results-awaited, 23 Jul 2026]
#3865
Which global commodity benchmark experienced a significant price surge exceeding $100 per barrel on July 23, 2026?
(a) West Texas Intermediate
(b) Natural gas
(c) Brent crude
(d) Arabian Light
Explanation: Brent futures rose significantly to reach $100.71 per barrel on July 23, 2026, driven by supply disruption concerns. West Texas Intermediate is a different benchmark and was not the primary focus of the reported price surge. [Source: https://www.brecorder.com/news/40431436/pakistani-rupee-records-gain-against-us-dollar, 23 Jul 2026]
#3866
Consider the following statements regarding the Indian market conditions on July 23, 2026: 1. The Nifty 50 benchmark index experienced a decline. 2. Brent crude oil prices approached the $100 per barrel threshold. 3. The Indian rupee showed significant appreciation against the dollar due to market optimism. 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: The Nifty 50 fell by 0.5%, and Brent crude prices neared $100 per barrel. The rupee did not appreciate significantly; it remained nearly flat due to central bank intervention, making statement 3 incorrect. [Source: https://www.brecorder.com/news/40431443/indian-rupee-ends-nearly-flat-as-central-bank-intervention-blunts-oil-strain, 23 Jul 2026]
#3867
Consider the following statements regarding the economic situation in India as of July 2026: 1. The United States is imposing new tariffs on Indian goods due to allegations regarding forced labour bans. 2. Indian benchmarks have experienced a decline of approximately 2% over the week. 3. IndiGo reported a profit for the current quarter despite the rising fuel prices. 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 and 2 are factually correct based on the report. Statement 3 is incorrect because IndiGo posted a loss, not a profit, driven by soaring fuel prices and regional uncertainty. [Source: https://www.brecorder.com/news/40431590/indian-shares-to-open-lower-as-crude-tops-100, 24 Jul 2026]
#3868
What is the maturity period of the dollar bonds issued by ICICI Bank in July 2026?
(a) Three years
(b) Five years
(c) Four years
(d) Seven years
Explanation: The ICICI Bank dollar bond issue has a maturity period of five years. This aligns with the duration of other recent dollar debt sales by major Indian financial institutions. [Source: https://www.brecorder.com/news/40431638/icici-bank-prices-1-billion-debt-in-largest-dollar-issue-by-indian-private-lender, 24 Jul 2026]
#3869
As of July 24, 2026, what is the primary reason cited for the surge in Brent crude oil prices exceeding $100 per barrel?
(a) Global supply chain disruptions in the semiconductor industry
(b) Escalating conflict in the Middle East
(c) Unexpected production cuts by OPEC+ members
(d) None of these
Explanation: The surge in crude oil prices is directly attributed to the escalating Middle East crisis, which has impacted shipping chokepoints. Other options, while relevant to global economics, are not the primary drivers mentioned for this specific price movement. [Source: https://www.brecorder.com/news/40431590/indian-shares-to-open-lower-as-crude-tops-100, 24 Jul 2026]
#3870
Which sector led the gains on the FTSE 100 index on July 24, 2026?
(a) Pharmaceuticals and healthcare
(b) Retail and consumer goods
(c) Electronics and technology
(d) Investment banks and brokerages
Explanation: Investment banks and brokerages recorded a 1.6% rise, leading sectoral gains on the benchmark index. This was bolstered by positive analyst revisions for companies like 3i Group. [Source: https://www.brecorder.com/news/40431643/londons-ftse-100-rises-as-hsbc-lifts-financial-stocks-middle-east-tensions-linger, 24 Jul 2026]
#3871
Which of the following indices recorded a 0.2% decline to reach a near seven-week low on July 24, 2026?
(a) Saudi Stock Exchange
(b) Abu Dhabi Securities Exchange
(c) Dubai Financial Market
(d) Kuwait Stock Exchange
Explanation: The Dubai main market index slipped 0.2% to hit a near seven-week low on the specified date. The Abu Dhabi benchmark index experienced a smaller decline of 0.1%. [Source: https://www.brecorder.com/news/40431652/uae-stocks-slip-amid-escalating-middle-east-conflict, 24 Jul 2026]
#3872
What is the total value of the dollar bond issued by ICICI Bank in July 2026?
(a) $500 million
(b) $800 million
(c) $1.25 billion
(d) $1 billion
Explanation: ICICI Bank priced a $1 billion five-year dollar bond, which represents the largest dollar issue by an Indian private lender in nearly 14 years. While the base issue size was $500 million, the final priced amount was $1 billion. [Source: https://www.brecorder.com/news/40431638/icici-bank-prices-1-billion-debt-in-largest-dollar-issue-by-indian-private-lender, 24 Jul 2026]
#3873
Who led the delegation from the Istanbul Bar Association No. 2 during its visit to the Karachi Press Club on July 27, 2026?
(a) Amir Latif
(b) Yasin Samli
(c) Nasrullah Chaudhry
(d) Maqsood Yousufi
Explanation: Advocate Yasin Samli is the President of the Istanbul Bar Association No. 2 and led the delegation. The other individuals listed were Pakistani representatives who received the delegation at the Karachi Press Club. [Source: https://www.brecorder.com/news/40431897/istanbul-bar-number-2-delegation-visits-karachi-press-club, 27 Jul 2026]
#3874
Who is the Education Minister of India whose resignation is being demanded by the Cockroach Janta Party (CJP) as of July 24, 2026?
(a) JP Nadda
(b) Dharmendra Pradhan
(c) Jitendra Singh
(d) Narendra Modi
Explanation: Dharmendra Pradhan is the Education Minister currently facing calls for resignation due to examination paper leaks. JP Nadda and Jitendra Singh are federal ministers who represented the government in the talks with the protesters. [Source: https://www.dawn.com/news/2018062/indian-government-seeks-time-on-youth-protesters-minister-resignation-demand, 24 Jul 2026]
#3875
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]
#3876
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]
#3877
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]
#3878
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]
#3879
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]
#3880
On July 25, 2026, which judicial body ruled against the German interior ministry regarding the reversal of Afghan resettlement visas?
(a) Federal Court of Justice
(b) Federal Constitutional Court
(c) Federal Administrative Court
(d) None of these
Explanation: The Federal Constitutional Court (Bundesverfassungsgericht) issued the ruling on July 25, 2026, declaring the ministry's actions arbitrary. The Federal Court of Justice is a separate entity that handles civil and criminal appeals, not constitutional disputes of this nature. [Source: https://www.dawn.com/news/2018224/court-rules-against-berlin-in-afghan-resettlement-case, 25 Jul 2026]