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.
#6021
Which of the following statements regarding the fuel pricing policy in July 2026 is INCORRECT?
(a) The government decided to move toward a daily fuel pricing mechanism.
(b) The All Pakistan Dealers Association expressed support for the daily pricing decision.
(c) The price adjustments were influenced by hostilities in the Persian Gulf.
(d) The Petroleum Division issued a notification regarding the new prices.
Explanation: The All Pakistan Dealers Association rejected the daily pricing decision and threatened to protest, making statement B incorrect. The other statements accurately reflect the government's policy and the context of the price changes. [Source: https://www.dawn.com/news/2019031/govt-increases-petrol-price-by-rs163-hsd-price-by-rs155, 28 Jul 2026]
#6022
What was the primary reason cited by the Israeli military for the road closures and increased security measures in the West Bank during July 2026?
(a) A counterterrorism operation
(b) A scheduled military training exercise
(c) The construction of a new separation wall
(d) A diplomatic visit by international observers
Explanation: The Israeli military initiated a counterterrorism operation across the West Bank following a deadly clash between settlers and Palestinians in the village of Tell. This operation resulted in the road closures that obstructed the ambulance. [Source: https://www.dawn.com/news/2018891/checkpoint-delay-leads-to-stillbirth-in-west-bank, 28 Jul 2026]
#6023
Which of the following statements regarding the security incident at the US Consulate on July 28, 2026, is INCORRECT?
(a) The incident resulted in multiple injuries to consulate staff.
(b) Police found evidence of a weapon having been fired.
(c) The incident occurred in downtown Toronto.
(d) A white sedan was seen fleeing the scene.
Explanation: The report explicitly stated that there were no injuries reported during the incident. Therefore, the statement claiming there were multiple injuries is false. [Source: https://www.dawn.com/news/2018887/shot-fired-outside-us-consulate-in-toronto, 28 Jul 2026]
#6024
Consider the following statements about the fuel price adjustments in July 2026: 1. Petrol prices were increased by Rs1.63 per litre. 2. High-speed diesel prices were increased by Rs1.55 per litre. 3. The new prices were made applicable starting from July 29, 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 government notification issued on July 28, 2026. The price hikes for petrol and diesel were Rs1.63 and Rs1.55 respectively, with an effective date of July 29. [Source: https://www.dawn.com/news/2019031/govt-increases-petrol-price-by-rs163-hsd-price-by-rs155, 28 Jul 2026]
#6025
Which of the following statements regarding the ambulance incident on July 28, 2026, is INCORRECT?
(a) The pregnant woman was six months pregnant at the time of the incident.
(b) The ambulance crew was forced to switch off their vehicle at gunpoint.
(c) The ambulance crew had their identity cards confiscated by soldiers.
(d) The baby was delivered successfully in the hospital after the checkpoint delay.
Explanation: The baby was delivered inside the ambulance while it was stranded at the checkpoint and was unfortunately stillborn. Options A, B, and D are factually accurate descriptions of the events reported. [Source: https://www.dawn.com/news/2018891/checkpoint-delay-leads-to-stillbirth-in-west-bank, 28 Jul 2026]
#6026
What type of vehicle was reported by police to have fled the scene following the shooting at the US Consulate on July 28, 2026?
(a) Black SUV
(b) Silver hatchback
(c) White sedan
(d) Blue pickup truck
Explanation: Toronto police reported that a white sedan was observed fleeing the scene immediately after the gunshot was heard. This detail is a key piece of evidence in the ongoing investigation. [Source: https://www.dawn.com/news/2018887/shot-fired-outside-us-consulate-in-toronto, 28 Jul 2026]
#6027
Who is the current Canadian Minister of Foreign Affairs visiting Pakistan in July 2026?
(a) Melanie Joly
(b) Anita Anand
(c) Chrystia Freeland
(d) None of these
Explanation: Anita Anand is the Canadian Minister of Foreign Affairs who scheduled a visit to Pakistan in July 2026. The other names listed are former or alternative Canadian cabinet members, making them incorrect. [Source: https://www.dawn.com/news/2016734/canadian-foreign-minister-anita-anand-to-visit-pakistan-on-monday, 19 Jul 2026]
#6028
What was the percentage increase in cotton arrivals recorded in Sindh by July 15, 2026?
(a) 38.9 percent
(b) 77.3 percent
(c) 113.8 percent
(d) 90.0 percent
Explanation: Sindh recorded a 113.8 percent rise in cotton arrivals compared to the previous year. Punjab recorded a 38.9 percent increase, while the national average increase was 77.3 percent. [Source: https://www.dawn.com/news/2016601/early-cotton-arrivals-hit-record-527900-bales, 19 Jul 2026]
#6029
The visit of the Canadian Foreign Minister to Pakistan in July 2026 marks the first such visit in how many years?
(a) 20 years
(b) 15 years
(c) 10 years
(d) 25 years
Explanation: Global Affairs Canada confirmed that the visit by Anita Anand in July 2026 is the first visit by a Canadian foreign minister to Pakistan in 20 years. This highlights the significance of the current diplomatic engagement. [Source: https://www.dawn.com/news/2016734/canadian-foreign-minister-anita-anand-to-visit-pakistan-on-monday, 19 Jul 2026]
#6030
Which of the following is NOT a component of the export-boosting schemes approved by the ECC on July 28, 2026?
(a) Enhanced Export Finance Scheme (E-EFS)
(b) Direct cash grants for industrial electricity bills
(c) Performance-based rebate on incremental exports
(d) Long-Term Export Growth Financing Facility (LTEGFF)
Explanation: The approved package includes E-EFS, LTEGFF, and a performance-based rebate scheme. Direct cash grants for electricity bills are not part of the three specific schemes mentioned in the ECC approval. [Source: https://www.dawn.com/news/2018926/ecc-okays-rs255bn-for-export-boosting-schemes, 28 Jul 2026]
#6031
Which of the following statements regarding the Australian market performance on July 27, 2026, is INCORRECT?
(a) The S&P/ASX 200 index rose to 8,851.30 points.
(b) Technology stocks jumped by 3.8%.
(c) Miners gained 2.1% during the session.
(d) The benchmark index fell by 0.9% on the previous Friday.
Explanation: The benchmark index fell by 0.8% on the previous Friday, not 0.9%. The other statements accurately reflect the market data from the session. [Source: https://www.brecorder.com/news/40431982/australian-shares-rise-nearly-1-as-middle-east-de-escalation-boosts-sentiment, 27 Jul 2026]
#6032
Which of the following statements regarding the impact of the July 2026 oil price decline on the US economy is INCORRECT?
(a) It guarantees an immediate interest rate cut by the Federal Reserve.
(b) It provides the Federal Reserve with greater policy flexibility.
(c) It is expected to ease inflationary pressures.
(d) It follows a period where Brent crude had surged to $102 per barrel.
Explanation: While the decline in oil prices provides policy flexibility, it does not guarantee an interest rate cut, as market expectations were leaning toward a status quo or a future hike. The other statements accurately reflect the economic context described. [Source: https://www.brecorder.com/news/40431972/indian-bonds-rebound-as-easing-middle-east-tensions-drag-oil-lower, 27 Jul 2026]
#6033
What is the total amount of subsidies approved by the Economic Coordination Committee (ECC) for export promotion schemes on July 28, 2026?
(a) Rs155 billion
(b) Rs455 billion
(c) Rs355 billion
(d) Rs255 billion
Explanation: The ECC approved Rs255 billion in subsidies to boost exports through three distinct incentive schemes. This funding is intended to address the stagnation of annual exports at the $30 billion mark. [Source: https://www.dawn.com/news/2018926/ecc-okays-rs255bn-for-export-boosting-schemes, 28 Jul 2026]
#6034
Consider the following statements about the market reaction on July 27, 2026: 1. Indian government bonds experienced a surge in yields due to rising oil prices. 2. The 10-year US Treasury yield eased to 4.64%. 3. Market participants assigned a 66% probability of a status quo in the upcoming Federal Reserve interest rate decision. 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 incorrect because Indian bond yields fell (rebounded) as oil prices decreased, not increased. Statements 2 and 3 are factually accurate according to the market data provided for the specified date. [Source: https://www.brecorder.com/news/40431972/indian-bonds-rebound-as-easing-middle-east-tensions-drag-oil-lower, 27 Jul 2026]
#6035
Who presided over the Economic Coordination Committee meeting held on July 27, 2026, where the export subsidy package was approved?
(a) Finance Minister
(b) Minister for Commerce
(c) Prime Minister
(d) Governor State Bank
Explanation: Finance Minister Muhammad Aurangzeb chaired the ECC meeting that approved the export-boosting schemes. The committee is a key executive body responsible for economic decision-making in Pakistan. [Source: https://www.dawn.com/news/2018926/ecc-okays-rs255bn-for-export-boosting-schemes, 28 Jul 2026]
#6036
Consider the following statements about the Australian market on July 27, 2026: 1. The S&P/NZX 50 index in New Zealand fell by 0.4%. 2. Financials rose to their highest level since April 22, 2026. 3. Markets have priced in a 50% chance of a rate hike at the next central bank meeting. 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. Statement 3 is incorrect because the market priced in nearly a 30% chance of a rate hike, not 50%. [Source: https://www.brecorder.com/news/40431982/australian-shares-rise-nearly-1-as-middle-east-de-escalation-boosts-sentiment, 27 Jul 2026]
#6037
What was the primary reason for the recent decline in Brent crude oil prices as of July 27, 2026?
(a) A global surplus in oil production
(b) A tentative truce between the US and Iran
(c) A significant drop in global industrial demand
(d) None of these
Explanation: Brent crude fell by more than 4% due to a tentative truce between the US and Iran, which halted a series of retaliatory attacks. This de-escalation reduced the geopolitical risk premium that had previously pushed oil prices above $100 per barrel. [Source: https://www.brecorder.com/news/40431973/copper-gains-on-mideast-de-escalation-oil-price-drop, 27 Jul 2026]
#6038
Consider the following statements about the global commodity market as of July 27, 2026: 1. High energy prices are generally associated with increased inflation expectations and higher interest rates. 2. Copper is considered a growth-dependent commodity that can be negatively impacted by high interest rates. 3. The US dollar index has a negligible impact on the pricing of commodities traded in the greenback. 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 standard economic relationships between energy costs, interest rates, and industrial demand. Statement 3 is incorrect because the US dollar index has a significant inverse relationship with commodity prices; a weaker dollar typically makes commodities cheaper for foreign buyers, thereby supporting prices. [Source: https://www.brecorder.com/news/40431973/copper-gains-on-mideast-de-escalation-oil-price-drop, 27 Jul 2026]
#6039
Who is the current Petroleum Minister of Pakistan as of July 27, 2026?
(a) Musadik Malik
(b) Khaleeq Kiani
(c) Abidullah Afridi
(d) Ali Pervaiz Malik
Explanation: Ali Pervaiz Malik is the Petroleum Minister who held discussions with the Oil Tankers Contractors Association. Abidullah Afridi is the president of the OTCA, not the minister. [Source: https://www.dawn.com/news/2018766/petroleum-minister-hints-at-fuel-price-relief-after-pakistans-oil-cargoes-clear-bab-al-mandeb, 27 Jul 2026]
#6040
Consider the following statements about the security situation in Toronto as of July 28, 2026: 1. The shooting on July 28, 2026, was the first such incident at the US Consulate in the current year. 2. Police reported that gunshots were also fired at synagogues in the Toronto area prior to the July incident. 3. The US Consulate is located in the downtown area of Canada's largest city. 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 incorrect because there was a previous shooting at the same building in March 2026. Statements 2 and 3 are factually accurate based on the provided information. [Source: https://www.dawn.com/news/2018887/shot-fired-outside-us-consulate-in-toronto, 28 Jul 2026]