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.
#7101
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]
#7102
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]
#7103
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]
#7104
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]
#7105
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]
#7106
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]
#7107
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]
#7108
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]
#7109
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]
#7110
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]
#7111
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]
#7112
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]
#7113
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]
#7114
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]
#7115
Which of the following factors is NOT cited as a reason for the market rally on July 27, 2026?
(a) An immediate reduction in the SBP policy rate
(b) A sharp decline in global oil prices
(c) Easing geopolitical tensions in the Middle East
(d) Improved investor sentiment following a pause in combat
Explanation: The SBP maintained the policy rate at 11.5 percent rather than reducing it. Therefore, an immediate reduction in the policy rate is an incorrect statement regarding the events of that day. [Source: https://www.dawn.com/news/2018715/psx-opens-week-in-the-green-gains-more-than-7000-points-to-close-above-178000-mark, 27 Jul 2026]
#7116
On which street is the United States Consulate located in Toronto, where the shooting incident occurred on July 28, 2026?
(a) Bay Street
(b) University Avenue
(c) Yonge Street
(d) None of these
Explanation: The shooting incident took place on University Avenue, which is the site of the United States Consulate in Toronto. Other streets listed are major thoroughfares in Toronto but are not the location of the consulate. [Source: https://www.dawn.com/news/2018887/shot-fired-outside-us-consulate-in-toronto, 28 Jul 2026]
#7117
Which of the following companies was among the leading performers contributing to the PSX benchmark index rally on July 27, 2026?
(a) Engro Fertilizers
(b) Lucky Cement
(c) United Bank Limited
(d) None of these
Explanation: While UBL, FFC, ENGROH, MEBL, and LUCK were identified as leading contributors, the options provided (Engro Fertilizers, Lucky Cement, United Bank Limited) are individual entities. Since all three are correct, 'None of these' is the appropriate choice as it implies none of the single-option choices exclusively represent the list of top performers. [Source: https://www.dawn.com/news/2018715/psx-opens-week-in-the-green-gains-more-than-7000-points-to-close-above-178000-mark, 27 Jul 2026]
#7118
The KSE-100 index closed above which of the following thresholds on July 27, 2026?
(a) 168,000 points
(b) 198,000 points
(c) 188,000 points
(d) 178,000 points
Explanation: The KSE-100 index gained over 7,000 points to close at 178,262.33, successfully crossing the 178,000-point threshold. [Source: https://www.dawn.com/news/2018715/psx-opens-week-in-the-green-gains-more-than-7000-points-to-close-above-178000-mark, 27 Jul 2026]
#7119
Which state-owned enterprise was mentioned as having been privatized in the review meeting held on 28 July 2026?
(a) National Bank of Pakistan
(b) First Women Bank Limited
(c) State Bank of Pakistan
(d) Zarai Taraqiati Bank Limited
Explanation: First Women Bank Limited was cited alongside Pakistan International Airlines as an entity that has already undergone privatization. The other banks listed remain under state control or are not part of this specific privatization update. [Source: https://www.dawn.com/news/2019009/pm-shehbaz-directs-elimination-of-unnecessary-positions-to-improve-govt-performance, 28 Jul 2026]
#7120
Following the price revision on July 28, 2026, what is the new retail price of high-speed diesel per litre?
(a) Rs335.81
(b) Rs520.35
(c) Rs458.41
(d) Rs388.38
Explanation: The retail price of high-speed diesel was set at Rs388.38 per litre following the July 2026 adjustment. Rs335.81 is the new price for petrol. [Source: https://www.dawn.com/news/2019031/govt-increases-petrol-price-by-rs163-hsd-price-by-rs155, 28 Jul 2026]