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.
#1861
What was the price of benchmark three-month copper on the London Metal Exchange as of July 24, 2026?
(a) $12,450.25 per metric ton
(b) $13,626.50 per metric ton
(c) $14,890.75 per metric ton
(d) None of these
Explanation: The benchmark three-month copper price on the LME was recorded at $13,626.50 per metric ton on the specified date. This reflects a 0.2% increase following two sessions of decline. [Source: https://www.brecorder.com/news/40431641/copper-edges-up-heads-for-weekly-gain-as-non-us-stocks-tighten, 24 Jul 2026]
#1862
What is the status of Comex copper stocks in the United States as of July 24, 2026?
(a) They have reached a record high of 639,147 metric tons.
(b) They have fallen to their lowest level since March.
(c) They have remained stagnant due to import bans.
(d) They have decreased by 5.2% due to reverse cancellations.
Explanation: Comex copper stocks in the U.S. rose to a record 639,147 metric tons, contrasting with the tightening inventories observed in the London Metal Exchange and Shanghai markets. [Source: https://www.brecorder.com/news/40431641/copper-edges-up-heads-for-weekly-gain-as-non-us-stocks-tighten, 24 Jul 2026]
#1863
Consider the following statements about the Indian bond market and macroeconomic indicators as of July 24, 2026: 1. The 10-year U.S. Treasury yield reached its highest level since January 2025. 2. Brent crude prices briefly exceeded $100 per barrel for the first time in two months. 3. The probability of a Federal Reserve rate hike in September was estimated at 30%. 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. Statement 3 is incorrect because the probability of a Federal Reserve rate hike in September was reported at 80%, while the probability for July was 30%. [Source: https://www.brecorder.com/news/40431650/india-bonds-end-three-day-losing-streak-but-post-second-straight-weekly-decline, 24 Jul 2026]
#1864
Which of the following statements regarding the copper market on July 24, 2026, is INCORRECT?
(a) Benchmark three-month copper on the LME rose by 0.2%.
(b) Oil prices exceeded $100 a barrel due to Middle East conflict escalation.
(c) Available LME inventory rose by 5.2% due to reverse cancellations.
(d) Aluminium prices increased by 0.7% alongside copper.
Explanation: Aluminium prices actually fell by 0.7% to $3,165.50 a ton, making the statement that they increased incorrect. The other three statements accurately reflect the market data provided. [Source: https://www.brecorder.com/news/40431641/copper-edges-up-heads-for-weekly-gain-as-non-us-stocks-tighten, 24 Jul 2026]
#1865
On July 24, 2026, which UAE-based company saw a 4.4% gain in its stock price following reports of interest in its district cooling assets?
(a) Tecom Group
(b) National Central Cooling Company (Tabreed)
(c) Alpha Dhabi Holding
(d) Aldar Properties
Explanation: Tabreed's stock rose by 4.4% after reports indicated that I Squared Capital and Saudi Tabreed were bidding for district cooling assets in Riyadh. Other companies like Tecom Group and Alpha Dhabi Holding experienced declines during the same trading session. [Source: https://www.brecorder.com/news/40431652/uae-stocks-slip-amid-escalating-middle-east-conflict, 24 Jul 2026]
#1866
Consider the following statements about the global copper market as of July 24, 2026: 1. The escalation of conflict in the Middle East has negatively impacted the global economic growth outlook. 2. Reverse cancellations in South Korea and Taiwan contributed to an increase in available LME copper inventory. 3. The United States imposed new tariffs of 10% and 12.5% on goods from 60 trading partners. 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: geopolitical tensions weighed on growth, reverse cancellations increased available LME stocks, and the U.S. implemented the specified tariff measures. [Source: https://www.brecorder.com/news/40431641/copper-edges-up-heads-for-weekly-gain-as-non-us-stocks-tighten, 24 Jul 2026]
#1867
Which of the following statements regarding the market performance on July 24, 2026, is INCORRECT?
(a) Dubai Islamic Bank declined by 1.5%.
(b) Alpha Dhabi Holding dropped by 0.7%.
(c) Tecom Group declined by 2.1%.
(d) Aldar Properties increased by 2.1%.
Explanation: Aldar Properties actually slipped by 0.5%, making the claim that it increased by 2.1% incorrect. The other statements accurately reflect the performance of the mentioned companies on that date. [Source: https://www.brecorder.com/news/40431652/uae-stocks-slip-amid-escalating-middle-east-conflict, 24 Jul 2026]
#1868
What was the primary geopolitical catalyst cited for the decline in UAE stock markets on July 24, 2026?
(a) Escalating conflict in the Middle East
(b) Global interest rate hikes
(c) Collapse of major regional trade agreements
(d) Significant drop in global gold prices
Explanation: The decline was driven by investor caution regarding escalating regional tensions, specifically threats of military action following attacks on Saudi oil tankers in the Red Sea. Interest rate hikes and trade agreements were not the primary drivers of this specific market movement. [Source: https://www.brecorder.com/news/40431652/uae-stocks-slip-amid-escalating-middle-east-conflict, 24 Jul 2026]
#1869
Consider the following statements about the market conditions on July 24, 2026: 1. Oil prices were on course for a near 10% jump for the week. 2. The Dubai index recorded its third consecutive weekly loss. 3. Abu Dhabi's benchmark index ended the week with a 0.5% gain. 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 market data provided for the week ending July 24, 2026. Oil prices showed significant weekly growth, while the Dubai and Abu Dhabi indices followed the reported weekly trends. [Source: https://www.brecorder.com/news/40431652/uae-stocks-slip-amid-escalating-middle-east-conflict, 24 Jul 2026]
#1870
The Nifty 50 index closed at which of the following levels on July 24, 2026?
(a) 78,210.30
(b) 76,059.77
(c) 22,540.12
(d) 23,767.45
Explanation: The Nifty 50 fell 0.43% to close at 23,767.45 on the specified date. The BSE Sensex closed at 76,059.77. [Source: https://www.brecorder.com/news/40431634/indian-shares-log-weekly-losses-as-crude-climbs-hdfc-bank-tumbles, 24 Jul 2026]
#1871
Which of the following factors is NOT cited as a primary risk to the Indian economy in the context of the July 24, 2026 market report?
(a) Persistent high crude oil prices
(b) Excessive foreign direct investment inflows
(c) Supply-chain disruptions
(d) Erratic monsoon and rainfall deficit
Explanation: The report identifies high oil prices, rainfall deficits, and supply-chain disruptions as key risks. Excessive foreign direct investment is not mentioned as a risk factor in this context. [Source: https://www.brecorder.com/news/40431634/indian-shares-log-weekly-losses-as-crude-climbs-hdfc-bank-tumbles, 24 Jul 2026]
#1872
Consider the following statements about the Indian rupee market conditions on July 24, 2026: 1. The Indian rupee reached a new all-time record low during the trading session. 2. The Reserve Bank of India conducted interventions in both the spot and non-deliverable forwards markets. 3. Brent crude oil prices retreated by approximately 4 percent after initially topping 100 dollars per barrel. 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 the rupee avoided a record low, remaining near the May record of 96.96. Statements 2 and 3 are factually accurate descriptions of the market intervention and oil price movements reported on that date. [Source: https://www.brecorder.com/news/40431635/intervention-shields-indian-rupee-in-face-of-oil-hedging-strain, 24 Jul 2026]
#1873
Which French peninsula experienced mass evacuations due to forest fires on July 24, 2026?
(a) Cap Ferret
(b) Brittany
(c) Normandy
(d) None of these
Explanation: The Cap Ferret peninsula was the primary site of mass evacuations in France, where thousands of residents and holidaymakers were forced to flee by boat and road. Brittany and Normandy are other French regions but were not the focus of this specific wildfire event. [Source: https://www.dawn.com/news/2018225/over-100000-flee-forest-fires-in-france-spain, 24 Jul 2026]
#1874
Which of the following statements regarding the US-EU trade tensions in July 2026 is INCORRECT?
(a) The US Trade Representative Jamieson Greer supported the EU's enforcement action as a boost to transatlantic trade.
(b) The European Commission's fine against Google was the first penalty under the Digital Markets Act.
(c) The US administration announced new tariffs of 10 to 12.5 percent on 60 trading partners.
(d) President Trump threatened to initiate a Section 301 investigation into the EU's antitrust practices.
Explanation: US Trade Representative Jamieson Greer actually criticized the EU's decision, stating that it undermined constructive dialogue and posed a risk to trade stability, making the incorrect statement. [Source: https://www.dawn.com/news/2018219/trump-says-eu-to-pay-very-big-price-for-google-fine, 25 Jul 2026]
#1875
Which Indian financial institution experienced its steepest weekly decline in 2-1/2 years on July 24, 2026?
(a) Axis Bank
(b) ICICI Bank
(c) HDFC Bank
(d) State Bank of India
Explanation: HDFC Bank recorded a 9.4% decline, marking its sharpest weekly drop in 2-1/2 years due to investor concerns regarding margins. Axis Bank also declined, but HDFC Bank was identified as the primary weight on the benchmark indexes. [Source: https://www.brecorder.com/news/40431634/indian-shares-log-weekly-losses-as-crude-climbs-hdfc-bank-tumbles, 24 Jul 2026]
#1876
Consider the following statements about the Indian market performance on July 24, 2026: 1. The BSE Sensex recorded its steepest drop in two months. 2. Private banks and financial sectors were among the worst-performing segments. 3. Brent crude prices briefly crossed $100 a barrel during the week. 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 market report. The Sensex lost 2.7% (steepest in two months), financial sectors were heavily dragged down, and Brent crude crossed the $100 threshold. [Source: https://www.brecorder.com/news/40431634/indian-shares-log-weekly-losses-as-crude-climbs-hdfc-bank-tumbles, 24 Jul 2026]
#1877
Which instrument did the Reserve Bank of India likely use to offset the liquidity impact of its spot market dollar sales on July 24, 2026?
(a) Adjustment of the statutory liquidity ratio
(b) Direct purchase of government bonds
(c) Far tenor dollar-rupee buy/sell swaps
(d) Issuance of new treasury bills
Explanation: To manage the liquidity drain caused by selling dollars in the spot market, the central bank utilized far tenor dollar-rupee buy/sell swaps. This allows the bank to stabilize the currency without permanently tightening domestic rupee liquidity. [Source: https://www.brecorder.com/news/40431635/intervention-shields-indian-rupee-in-face-of-oil-hedging-strain, 24 Jul 2026]
#1878
What was the approximate value of net weekly forward dollar buying by merchants in the week ending July 17, 2026?
(a) 3.1 billion dollars
(b) 11.1 billion dollars
(c) 9.1 billion dollars
(d) 7.1 billion dollars
Explanation: Clearing house data indicated that merchant forward dollar buying rebounded to approximately 7.1 billion dollars in the week ending July 17, 2026. This increased hedging activity contributed to the downward pressure on the rupee. [Source: https://www.brecorder.com/news/40431635/intervention-shields-indian-rupee-in-face-of-oil-hedging-strain, 24 Jul 2026]
#1879
The town of Navas del Rey, threatened by wildfires in July 2026, is located approximately how many kilometers from Madrid?
(a) 50 kilometers
(b) 80 kilometers
(c) 120 kilometers
(d) None of these
Explanation: Navas del Rey is situated about 50 kilometers from the Spanish capital. The 80-kilometer figure refers to the location of Cebreros, another site mentioned in the context of the Madrid region fires. [Source: https://www.dawn.com/news/2018225/over-100000-flee-forest-fires-in-france-spain, 24 Jul 2026]
#1880
Which of the following is NOT a factor contributing to the pressure on the Indian rupee as of July 24, 2026?
(a) Excessive foreign direct investment inflows
(b) Weak domestic equities
(c) Increased corporate hedging
(d) High global oil prices
Explanation: Excessive foreign direct investment inflows typically strengthen a currency rather than weaken it. The other three factors—oil prices, weak equities, and corporate hedging—are explicitly cited as sources of downward pressure on the rupee. [Source: https://www.brecorder.com/news/40431635/intervention-shields-indian-rupee-in-face-of-oil-hedging-strain, 24 Jul 2026]