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.
#7041
What was the total volume of tenders received by the Philippine Bureau of the Treasury during the July 27, 2026 auction?
(a) 50 billion pesos
(b) 134.5 billion pesos
(c) 100 billion pesos
(d) 200 billion pesos
Explanation: The auction attracted significant market interest, resulting in total tenders of 134.5 billion pesos against an award of 50 billion pesos. This indicates a high demand for government debt instruments. [Source: https://www.brecorder.com/news/40431975/philippines-awards-810mn-t-bill-offer, 27 Jul 2026]
#7042
Which of the following statements regarding the Indian market performance on July 27, 2026, is INCORRECT?
(a) Brent crude oil prices increased by 9.3%.
(b) All 16 major sectors in the Indian market advanced.
(c) The Nifty 50 rose by 0.96%.
(d) The BSE Sensex added 1.02%.
Explanation: Brent crude oil prices fell by 9.3%, not increased. The other three statements accurately reflect the market data reported for that date. [Source: https://www.brecorder.com/news/40431999/indian-shares-snap-losing-run-on-oil-slide-earnings-optimism, 27 Jul 2026]
#7043
Which sector led the gains in the European stock market on July 27, 2026?
(a) Energy sector
(b) Travel and leisure sector
(c) Utility sector
(d) None of these
Explanation: The travel and leisure sector led the market gains with a 2.4% increase, benefiting from the decline in oil prices. Energy and utility stocks were the only sectors to decline during the session. [Source: https://www.brecorder.com/news/40431990/european-shares-climb-as-us-iran-peace-optimism-lifts-risk-sentiment, 27 Jul 2026]
#7044
Consider the following statements about the economic indicators reported on July 27, 2026: 1. The Reserve Bank of New Zealand raised rates to 2.5% earlier in July 2026. 2. Economists expect the trimmed mean measure of core inflation to rise 0.9% in the second quarter. 3. The 10-year Australian government bond yields dropped 7 basis points to 5.015%. 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 economic data provided for July 27, 2026. These indicators collectively illustrate the current monetary policy environment and market reactions in the Oceania region. [Source: https://www.brecorder.com/news/40431969/australia-nz-dollars-climb-as-oil-slide-eases-rate-concerns, 27 Jul 2026]
#7045
According to the official statement regarding the July 27, 2026 meeting, what did Field Marshal Asim Munir identify as being closely linked to sustainable regional stability?
(a) Military expansion
(b) Economic growth and trade expansion
(c) Border fencing projects
(d) None of these
Explanation: Field Marshal Munir highlighted that sustainable regional stability is closely linked to economic growth, trade expansion, and regional connectivity. This reflects the current focus on economic diplomacy. [Source: https://www.brecorder.com/news/40432023/us-lawmakers-meet-field-marshal-munir-discuss-security-economic-cooperation, 27 Jul 2026]
#7046
Consider the following statements about the Indian equity market recovery on July 27, 2026: 1. The recovery followed five consecutive sessions of market declines. 2. The broader small-cap and mid-cap indices both recorded gains exceeding 1%. 3. The market rally was driven by fears of an immediate supply disruption in the energy sector. 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 market snapped a five-day losing streak. Statement 2 is correct as small-caps added 1.3% and mid-caps added 1.1%. Statement 3 is incorrect because the rally was driven by the easing of fears regarding supply disruptions, not the presence of them. [Source: https://www.brecorder.com/news/40431999/indian-shares-snap-losing-run-on-oil-slide-earnings-optimism, 27 Jul 2026]
#7047
Where did the meeting between General Aamer Raza and Field Marshal Asim Munir take place on July 27, 2026?
(a) Prime Minister House, Islamabad
(b) Joint Staff Headquarters, Chaklala
(c) Aiwan-i-Sadr, Islamabad
(d) General Headquarters (GHQ), Rawalpindi
Explanation: The meeting occurred at the General Headquarters (GHQ) in Rawalpindi, where the CNSC was presented with a guard of honour. [Source: https://www.dawn.com/news/2018788/newly-appointed-cnsc-aamer-raza-meets-cdf-asim-munir-in-rawalpindi-ispr, 27 Jul 2026]
#7048
Consider the following statements about the flood-related crisis in Pakistan as of July 27, 2026: 1. The flooding in Muridke was exacerbated by the overflow of the River Ravi. 2. Flood-related deaths have been attributed solely to house collapses. 3. Volunteer rescuers were involved in evacuating residents from approximately a dozen villages. 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 River Ravi overflowed. Statement 2 is incorrect because deaths were caused by both drowning and house collapses. Statement 3 is correct as volunteers were working in about a dozen villages. [Source: https://www.brecorder.com/news/40432025/flooding-forces-residents-to-flee-homes-by-boat-in-pakistan, 27 Jul 2026]
#7049
What was the primary driver for the improved risk appetite that supported the yuan's rise on July 27, 2026?
(a) A sudden increase in global oil production
(b) The announcement of a massive fiscal stimulus package
(c) A halt in US-Iran attacks
(d) A significant reduction in China's external surplus
Explanation: The pause in the US bombing campaign in Iran during the weekend led to a drop in oil prices and a subsequent boost in global investor confidence. This improved risk sentiment contributed to the strengthening of the yuan against the dollar. [Source: https://www.brecorder.com/news/40431978/chinas-yuan-rises-to-near-one-week-high-market-focuses-on-politburo-meeting, 27 Jul 2026]
#7050
Which of the following factors was cited as a reason for limiting the losses in palm oil prices on July 27, 2026?
(a) A surplus in global palm oil production
(b) The strengthening of the US dollar
(c) A decline in Chinese vegetable oil consumption
(d) Indonesia's B50 biodiesel mandate
Explanation: Optimism regarding higher consumption under Indonesia's B50 biodiesel mandate, alongside strong demand from China and El-Nino related supply risks, helped limit the decline in palm oil prices. Other options are either incorrect or would have exacerbated the price drop. [Source: https://www.brecorder.com/news/40432000/palm-slips-more-than-1-on-weaker-crude-chinese-vegetable-oils, 27 Jul 2026]
#7051
What was the primary geopolitical driver for the decline in oil prices on July 27, 2026?
(a) Increased production from OPEC nations
(b) De-escalation of military strikes between the US and Iran
(c) Global economic recession fears
(d) Strategic petroleum reserve releases
Explanation: The tumble in oil prices was directly attributed to the pause in military strikes between the United States and Iran. Other factors like OPEC production or recession fears were not cited as the immediate cause for the price drop on this date. [Source: https://www.brecorder.com/news/40432022/dow-sampp-500-rise-as-oil-prices-tumble, 27 Jul 2026]
#7052
On July 27, 2026, what was the primary factor cited for the expected rise in Indian equity markets?
(a) A sharp decline in global oil prices
(b) An unexpected interest rate cut by the Reserve Bank of India
(c) A surge in foreign direct investment inflows
(d) None of these
Explanation: The market recovery was driven by a 4.6% drop in Brent crude prices following a pause in strikes between the United States and Iran. Lower oil prices are beneficial for India as it is a major importer of the commodity. [Source: https://www.brecorder.com/news/40431956/indian-shares-set-to-open-higher-breaking-losing-run-as-oil-slides, 27 Jul 2026]
#7053
Which US Congressman from Montana was part of the delegation that met with the Pakistani military leadership on July 27, 2026?
(a) Ryan Keith Zinke
(b) Michael James
(c) Mike Johnson
(d) None of these
Explanation: Congressman Ryan Keith Zinke of Montana was one of the two US representatives who visited the GHQ. Michael James of Washington was the other member of the delegation. [Source: https://www.brecorder.com/news/40432023/us-lawmakers-meet-field-marshal-munir-discuss-security-economic-cooperation, 27 Jul 2026]
#7054
Who is the current chairman of the Federal Reserve as of July 27, 2026?
(a) Donald Trump
(b) Mike Waltz
(c) Mohammad Akraminia
(d) Kevin Warsh
Explanation: Kevin Warsh is identified as the new chairman of the Federal Reserve responsible for the upcoming interest rate decision. Mike Waltz is the US ambassador to the United Nations, and Mohammad Akraminia is an Iranian army spokesman. [Source: https://www.brecorder.com/news/40432022/dow-sampp-500-rise-as-oil-prices-tumble, 27 Jul 2026]
#7055
Which of the following statements regarding the AJK election events on July 27, 2026, is INCORRECT?
(a) The polling process in Mirpur division was marred by scuffles and rigging allegations.
(b) PPP and PML-N workers were involved in skirmishes in the Kotli district.
(c) The Election Commission of AJK cancelled the entire first phase of the elections due to violence.
(d) A fatality was reported in the LA-9 Kotli-II constituency during the polling day.
Explanation: The election process was not cancelled; polling concluded as scheduled despite the violence and allegations. The other three statements accurately reflect the events reported on that day. [Source: https://www.dawn.com/news/2018691/polling-concludes-in-mirpur-division-as-scuffles-rigging-allegations-mar-first-phase-of-ajk-elections, 27 Jul 2026]
#7056
The meeting between the US lawmakers and the Pakistani military leadership on July 27, 2026, primarily focused on which of the following areas?
(a) Climate change mitigation
(b) Educational exchange programs
(c) Regional security and economic cooperation
(d) Space exploration technology
Explanation: The discussions centered on regional security, bilateral defence cooperation, and avenues for expanding economic engagement. These topics are central to the strategic alignment between the two nations. [Source: https://www.brecorder.com/news/40432023/us-lawmakers-meet-field-marshal-munir-discuss-security-economic-cooperation, 27 Jul 2026]
#7057
Following the de-escalation of tensions between the United States and Iran, the Indian rupee reached a high of what duration on July 27, 2026?
(a) One-week high
(b) One-month high
(c) Three-week high
(d) Two-week high
Explanation: The Indian rupee hit a two-week high on July 27, 2026, supported by lower oil prices and restored foreign investor flows. Other durations are incorrect based on the market report. [Source: https://www.brecorder.com/news/40431999/indian-shares-snap-losing-run-on-oil-slide-earnings-optimism, 27 Jul 2026]
#7058
Which of the following statements regarding the market performance on July 27, 2026, is INCORRECT?
(a) The Pakistani Rupee appreciated against the Euro in the open market.
(b) The US Dollar weakened against major peers like the Yen and the Euro.
(c) The Pakistani Rupee gained marginally against the US Dollar in the inter-bank market.
(d) Brent crude futures experienced a decline in price.
Explanation: In the open market, the Pakistani Rupee actually lost value against the Euro, closing at 319.79 for buying and 322.67 for selling. Therefore, the statement claiming appreciation is false. [Source: https://www.brecorder.com/news/40431965/pakistani-rupee-registers-gain-against-us-dollar, 27 Jul 2026]
#7059
Consider the following statements about the economic indicators on July 27, 2026: 1. The Pakistani Rupee recorded a gain of Re0.01 against the US Dollar in the inter-bank market. 2. The State Bank of Pakistan increased the policy rate to 12.5%. 3. Brent crude futures fell by approximately 6% during the session. 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 Rupee gained Re0.01. Statement 2 is incorrect because the policy rate was maintained at 11.5%, not increased. Statement 3 is correct as Brent crude fell by about 6% to $90.93. [Source: https://www.brecorder.com/news/40431965/pakistani-rupee-registers-gain-against-us-dollar, 27 Jul 2026]
#7060
On July 27, 2026, the benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange closed at:
(a) 4,250 ringgit
(b) 4,673 ringgit
(c) 4,890 ringgit
(d) None of these
Explanation: The benchmark palm oil contract for October delivery fell by 49 ringgit to close at 4,673 ringgit per metric ton on July 27, 2026. This decline followed a period where the commodity had reached a 15-week high. [Source: https://www.brecorder.com/news/40432000/palm-slips-more-than-1-on-weaker-crude-chinese-vegetable-oils, 27 Jul 2026]