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.
#6801
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]
#6802
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]
#6803
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]
#6804
While the following events occurred within the same daily period, their structural implications for systemic governance can be ordered by their thematic progression from legal interpretation to public accountability and administrative policy. Which of the following represents the correct sequence of these governance-related themes as discussed on July 30, 2026?
(a) 3, 1, 2, 4
(b) 2, 4, 3, 1
(c) 4, 3, 1, 2
(d) 1, 2, 4, 3
Explanation: Based on the provided events, the order follows: Judicial precedent (Supreme Court rule on evidence), Oversight (Senate panel summoning NAB), Internal Administration (Interior Minister's restructuring proposal), and finally Public Policy (reinstatement of food welfare). These represent the hierarchy of governance from legal foundation to ministerial execution. [Source: https://www.brecorder.com/news/40432487/case-must-be-decided-according-to-what-is-pleaded-and-proved-sc]
#6805
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]
#6806
Where was the 20th National Workshop Balochistan held on July 23, 2026?
(a) Governor House, Quetta
(b) General Headquarters, Rawalpindi
(c) Aiwan-e-Sadr, Islamabad
(d) None of these
Explanation: The 20th National Workshop Balochistan took place at the General Headquarters in Rawalpindi. This venue is the primary administrative and command center for the Pakistan Army. [Source: https://www.brecorder.com/news/40431473/field-marshal-munir-vows-to-continue-operations-against-terrorists-in-balochistan, 23 Jul 2026]
#6807
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]
#6808
Who served as the IATA Country Manager for Pakistan during the July 2026 meeting with the Pakistan Airports Authority?
(a) Sheldon Hee
(b) Azhar Azahari
(c) Feroze Jamall
(d) None of these
Explanation: Feroze Jamall is the IATA Country Manager for Pakistan. Sheldon Hee and Azhar Azahari were also present as part of the delegation, but in different regional capacities. [Source: https://www.brecorder.com/news/40431349/paa-iata-discuss-future-aviation-roadmap, 23 Jul 2026]
#6809
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]
#6810
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]
#6811
Which of the following is NOT a consequence of higher oil prices for the Indian economy as mentioned in the context of the July 23, 2026, market report?
(a) Increased inflationary pressure
(b) Decreased volatility in the currency market
(c) Widening current account deficit
(d) Slowing economic growth
Explanation: Higher oil prices typically increase currency volatility rather than decrease it. The other three options are explicitly cited as risks associated with the surge in oil prices. [Source: https://www.brecorder.com/news/40431443/indian-rupee-ends-nearly-flat-as-central-bank-intervention-blunts-oil-strain, 23 Jul 2026]
#6812
The K2 Airways cargo plane that crashed in July 2026 was identified as which aircraft model?
(a) Airbus A320
(b) Boeing 737-400
(c) Boeing 777-200
(d) None of these
Explanation: The aircraft involved in the incident was a Boeing 737-400 freighter. The other options are incorrect aircraft models. [Source: https://www.brecorder.com/news/40431349/paa-iata-discuss-future-aviation-roadmap, 23 Jul 2026]
#6813
Consider the following statements about the market conditions on July 23, 2026: 1. The Dubai main share index was supported by a rise in Emirates NBD shares. 2. The Qatari index experienced a decline due to the performance of Qatar Gas Transport. 3. Saudi Aramco shares closed lower, contributing to the overall market volatility. 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 per the market data. Statement 3 is incorrect because Saudi Aramco shares actually closed 1% higher, not lower, on that day. [Source: https://www.brecorder.com/news/40431470/most-gulf-markets-gain-on-quarterly-earnings-but-geopolitical-risks-limit-upside, 23 Jul 2026]
#6814
Analyze the following statements regarding Pakistan's governance and economic policy frameworks as reported on July 31, 2026:
(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 incorrect because the National Tariff Commission's anti-dumping investigation specifically concerns Chinese crockery imports, not agricultural machinery. Statement 2 accurately reflects the Federal Minister's focus on infrastructure maintenance via axle load enforcement to ensure economic stabilization. Statement 3 correctly identifies the ECP's refusal to recognize Mahmood Khan Achakzai, citing non-compliance with the Elections Act, 2017 regarding intra-party election mandates. [Source: https://www.brecorder.com/news/40432642/mechanism-to-ensure-adherence-to-axle-load-limits-ordered]
#6815
Which of the following represents the correct chronological sequence of the incidents reported on July 31, 2026?
(a) Hangu terror attack -> Quetta coal mine explosion -> Punjab electric bus launch -> Belarus defence cooperation agreement
(b) Quetta coal mine explosion -> Hangu terror attack -> Punjab electric bus launch -> Belarus defence cooperation agreement
(c) Punjab electric bus launch -> Quetta coal mine explosion -> Hangu terror attack -> Belarus defence cooperation agreement
(d) Belarus defence cooperation agreement -> Hangu terror attack -> Quetta coal mine explosion -> Punjab electric bus launch
Explanation: Chronological order is determined by the thematic reporting urgency of the day: the Quetta mine explosion and Hangu terrorist attack represent immediate security and humanitarian crises, followed by development initiatives in Punjab, and finally, international strategic cooperation agreements. [Source: https://www.dawn.com/news/2019693/at-least-32-killed-after-coal-mine-explosion-near-quetta-search-under-way-for-2-miners]
#6816
Consider the following statements about the SEBI proposals released on July 23, 2026: 1. The proposals aim to align portfolio manager regulations with those of mutual funds and alternative investment funds. 2. The net worth requirement for the new category of portfolio managers is proposed to be reduced to 20 million rupees. 3. Portfolio managers are currently permitted to invest in unlisted debt without any restrictions. 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 goal is regulatory alignment. Statement 2 is correct regarding the proposed net worth reduction. Statement 3 is incorrect because unlisted debt is currently not allowed for portfolio managers. [Source: https://www.brecorder.com/news/40431463/indias-sebi-proposes-allowing-portfolio-managers-to-invest-overseas-in-to-be-listed-securities, 23 Jul 2026]
#6817
Which of the following indices recorded a decline on July 23, 2026, contrary to the general trend in the Gulf?
(a) Dubai main share index
(b) Abu Dhabi index
(c) Qatari index
(d) Saudi Arabia benchmark index
Explanation: The Qatari index dropped by 0.3% on July 23, 2026, while the indices for Dubai, Abu Dhabi, and Saudi Arabia all recorded gains. The decline in Qatar was influenced by the retreat of Qatar Gas Transport. [Source: https://www.brecorder.com/news/40431470/most-gulf-markets-gain-on-quarterly-earnings-but-geopolitical-risks-limit-upside, 23 Jul 2026]
#6818
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]
#6819
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]
#6820
Consider the following statements about the market situation on July 23, 2026: 1. The Dow Jones Industrial Average experienced a decline of 0.8 percent. 2. Investor skepticism was linked to high capital spending on new technologies by major firms. 3. The conflict in the Middle East was identified as a primary driver for the surge in oil 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: All three statements are factually correct based on the report. The Dow Jones fell by 0.8 percent, tech firms faced skepticism over capital expenditure, and the Middle East conflict was the catalyst for the oil price surge. [Source: https://www.brecorder.com/news/40431469/us-stocks-tumble-as-brent-oil-tops-100, 23 Jul 2026]