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.
#5261
Following the price adjustment on July 22, 2026, what is the new price of high-speed diesel (HSD) per litre?
(a) Rs327.12
(b) Rs375.04
(c) Rs458.41
(d) Rs520.35
Explanation: The government notification issued on July 22, 2026, set the new price of high-speed diesel at Rs375.04 per litre. Rs327.12 is the corresponding price for petrol, while the other figures represent historical peak prices. [Source: https://www.dawn.com/news/2017573/govt-increases-petrol-price-by-rs639-diesel-by-rs783-per-litre, 22 Jul 2026]
#5262
Consider the following statements about the fuel pricing situation in Pakistan as of July 2026: 1. Petrol prices are primarily influenced by the needs of private transport and small vehicles. 2. The government previously utilized a weekly revision cycle for fuel prices before moving to daily adjustments. 3. Monthly sales of kerosene are significantly higher than those of petrol and high-speed diesel. 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 correct as they reflect the usage patterns and the shift in policy. Statement 3 is incorrect because kerosene demand is only 10,000 tonnes monthly, whereas petrol and diesel sales reach 700,000 to 800,000 tonnes. [Source: https://www.dawn.com/news/2017573/govt-increases-petrol-price-by-rs639-diesel-by-rs783-per-litre, 22 Jul 2026]
#5263
Which of the following statements regarding Pakistan's remittance inflows during the July-February period of FY26 is INCORRECT?
(a) Total remittances from Arab countries accounted for 53.3 percent of total inflows.
(b) Remittances from the United States were higher than those from the European Union.
(c) The UAE recorded a 12 percent increase in remittances to Pakistan.
(d) Remittances from the United Kingdom reached 4 billion dollars.
Explanation: The United States sent 2.3 billion dollars, whereas the European Union countries sent 3.5 billion dollars. Therefore, the statement that US inflows were higher is false. [Source: https://www.dawn.com/news/1980726/remittances-steady-but-war-risks-loom, 11 Mar 2026]
#5264
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]
#5265
Which of the following statements regarding India's e-commerce policy as of July 23, 2026, is INCORRECT?
(a) Foreign e-commerce companies are permitted to operate as marketplaces to connect buyers and sellers
(b) Foreign e-commerce companies are now fully permitted to sell goods directly to domestic consumers
(c) The government aims to facilitate greater exports through increased access to global markets
(d) Policy restrictions on foreign e-commerce have been a point of contention between New Delhi and Washington
Explanation: The government continues to prohibit foreign e-commerce companies from selling goods directly to domestic consumers to protect local brick-and-mortar retailers. Therefore, statement C is false. [Source: https://www.brecorder.com/news/40431461/india-relaxes-e-commerce-investment-rules-for-exports-in-win-for-amazon, 23 Jul 2026]
#5266
Consider the following statements about the impact of Middle East tensions on global energy markets as of July 23, 2026: 1. Brent crude futures approached $99 a barrel in Asian trade. 2. The conflict has raised concerns regarding the closure of the Strait of Hormuz. 3. Brent crude prices have rallied 12% over the week ending July 23, 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 report. Brent crude reached nearly $99, the Strait of Hormuz is a focal point for supply disruption fears, and the 12% weekly rally is confirmed. [Source: https://www.brecorder.com/news/40431465/indian-bonds-fall-for-third-session-as-oil-prices-near-100-a-barrel, 23 Jul 2026]
#5267
Consider the following statements about the political discourse in AJK as of July 2026: 1. The PPP Chairman advocated for a constitutional amendment to protect the rights of AJK people if a two-thirds majority is achieved. 2. Restrictions on internet services in AJK were criticized as being harmful to the local population. 3. The PPP Chairman suggested that decisions regarding the future of Kashmir should be made by authorities in Sindh or Punjab. 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 correct as they reflect the Chairman's stated goals and criticisms. Statement 3 is incorrect because the Chairman explicitly stated that decisions should be made by Kashmiris, not by people from Sindh or Punjab. [Source: https://www.brecorder.com/news/40431352/bilawal-says-ajk-election-crucial-for-kashmirs-future, 23 Jul 2026]
#5268
Under which specific European Union legislation was Google fined 890 million euros in July 2026?
(a) General Data Protection Regulation (GDPR)
(b) Digital Services Act (DSA)
(c) Artificial Intelligence Act
(d) Digital Markets Act (DMA)
Explanation: The European Commission issued the fines specifically citing the Digital Markets Act (DMA), which aims to curb the market power of large technology firms. While the GDPR and DSA are other major EU regulatory frameworks, they were not the primary legal basis for these specific antitrust penalties. [Source: https://www.dawn.com/news/2017814/google-hit-with-1bn-eu-fine-in-constructive-talks-to-avoid-more-penalties, 23 Jul 2026]
#5269
Which country was the largest source of remittances for Pakistan during the July-February period of FY26?
(a) United Arab Emirates
(b) United Kingdom
(c) United States
(d) Saudi Arabia
Explanation: Saudi Arabia remained the top source of remittances, contributing 6.163 billion dollars during the first eight months of FY26. The UAE followed as the second-largest source. [Source: https://www.dawn.com/news/1980726/remittances-steady-but-war-risks-loom, 11 Mar 2026]
#5270
Arrange the following events in the order of their contextual development within the July 2026 week: I. Notification of the new tax regime for small shopkeepers. II. Launch of the 45km Green Railway Corridor project in Punjab. III. Onset of the new monsoon spell leading to a roof collapse in Lahore. IV. Announcement of mandatory screening legislation for HIV/Hepatitis.
(a) I, II, IV, III
(b) II, I, III, IV
(c) III, IV, II, I
(d) IV, III, I, II
Explanation: The order is established based on the implementation of economic policy (I), the inauguration of infrastructure projects (II), the introduction of legislative policy (IV), and the environmental impact of the weather shift (III) as reported on July 29. [Source: https://www.dawn.com/news/2019158/fbr-notifies-new-tax-regime-for-small-shopkeepers]
#5271
Regarding the evolving landscape of governance and security in Pakistan as of July 30, 2026, consider the following statements:
(a) Only 1 and 2 are correct.
(b) Only 2 and 3 are correct.
(c) Only 1 and 3 are correct.
(d) All statements are correct.
Explanation: Statement 1 is accurate as federal internal security challenges remain high following the Hangu attack; statement 2 reflects the Punjab Revenue Authority's focus on digital taxation through EIMS; and statement 3 correctly identifies the ongoing parliamentary critique surrounding the 27th Constitutional Amendment. All these events reflect contemporary governance challenges in Pakistan. [Source: https://www.dawn.com/news/2019442/9-cops-martyred-28-injured-as-police-checkpost-comes-under-attack-in-kps-hangu]
#5272
The decline in US stock markets on July 23, 2026, was primarily attributed to rising oil prices and which of the following factors?
(a) Disappointing corporate earnings in the tech sector
(b) Unexpected interest rate hikes by the Federal Reserve
(c) A sudden collapse in global semiconductor demand
(d) None of these
Explanation: The market downturn was driven by the dual impact of surging energy costs and investor skepticism regarding tech sector earnings, specifically from Alphabet and Tesla. Interest rate hikes were not mentioned as a factor in this specific market event. [Source: https://www.brecorder.com/news/40431469/us-stocks-tumble-as-brent-oil-tops-100, 23 Jul 2026]
#5273
What was the benchmark three-month copper price per metric ton on the London Metal Exchange on July 23, 2026?
(a) $12,550.25
(b) $14,890.75
(c) $13,725.50
(d) $15,210.00
Explanation: The benchmark three-month copper price was recorded at $13,725.50 per metric ton on the LME on July 23, 2026. This figure reflects the market adjustment following the rise in global oil prices. [Source: https://www.brecorder.com/news/40431447/copper-dips-as-soaring-oil-prices-weigh-on-economic-outlook, 23 Jul 2026]
#5274
As of July 23, 2026, the available LME copper stocks were at their lowest level since which month?
(a) January 2026
(b) March 2026
(c) May 2026
(d) June 2026
Explanation: Available LME copper stocks were reported at 107,850 tons, which represents the lowest inventory level since January 2026. This scarcity of supply has provided some support to copper prices despite broader economic headwinds. [Source: https://www.brecorder.com/news/40431447/copper-dips-as-soaring-oil-prices-weigh-on-economic-outlook, 23 Jul 2026]
#5275
Which of the following statements regarding the copper market on July 23, 2026, is INCORRECT?
(a) Copper is considered a bellwether for the global economy.
(b) The Yangshan copper premium in China reached its lowest level since November 2022.
(c) Higher energy prices are increasing the likelihood of interest rate hikes.
(d) Strong copper shipments into the United States are occurring ahead of potential tariffs.
Explanation: The Yangshan copper premium in China was actually at its highest daily assessment since November 2022, not the lowest. The other statements accurately reflect the market conditions described. [Source: https://www.brecorder.com/news/40431447/copper-dips-as-soaring-oil-prices-weigh-on-economic-outlook, 23 Jul 2026]
#5276
Consider the following statements about the market conditions on July 23, 2026: 1. The Pakistani rupee closed at 277.90 in the inter-bank market. 2. Brent crude oil prices rose by approximately 7%. 3. The US dollar index strengthened significantly due to the Iran-US tensions. 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 inter-bank closing rate was 277.90. Statement 2 is correct as Brent futures rose by 7%. Statement 3 is incorrect because the US dollar index actually eased by 0.06% rather than strengthening significantly. [Source: https://www.brecorder.com/news/40431436/pakistani-rupee-records-gain-against-us-dollar, 23 Jul 2026]
#5277
What was the percentage increase in remittances from the European Union countries during the July-February period of FY26?
(a) 23.5 percent
(b) 12.0 percent
(c) 10.5 percent
(d) 4.6 percent
Explanation: Remittances from European Union countries recorded the highest growth rate at 23.5 percent, reaching 3.5 billion dollars. This growth significantly outpaced the 10.5 percent overall national average. [Source: https://www.dawn.com/news/1980726/remittances-steady-but-war-risks-loom, 11 Mar 2026]
#5278
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]
#5279
Which commodity experienced a price increase of $4.52 per barrel on July 23, 2026, amid regional tensions?
(a) Brent crude
(b) Natural gas
(c) West Texas Intermediate
(d) None of these
Explanation: Brent crude futures rose by $4.52, or 4.80%, to reach $98.59 a barrel on July 23, 2026. This increase was driven by market concerns regarding shipping routes and regional geopolitical instability. [Source: https://www.brecorder.com/news/40431470/most-gulf-markets-gain-on-quarterly-earnings-but-geopolitical-risks-limit-upside, 23 Jul 2026]
#5280
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]