June 2024 Edition
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June 2024 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#1481
What was the policy rate maintained by the State Bank of Pakistan as of June 15, 2026?
(a) 11.5 percent
(b) 10.5 percent
(c) 12.5 percent
(d) 13.5 percent
Explanation: The Monetary Policy Committee decided to keep the policy rate unchanged at 11.5 percent during its final review for FY26. This rate is maintained to guide inflation toward the medium-term target range. [Source: https://www.dawn.com/news/2008043/central-bank-keeps-policy-rate-unchanged-at-115pc, 15 Jun 2026]
#1482
What was the level of SBP foreign exchange reserves as of June 5, 2026?
(a) 17.2 billion dollars
(b) 16.2 billion dollars
(c) 15.2 billion dollars
(d) 18.2 billion dollars
Explanation: The SBP foreign exchange reserves reached $17.2 billion by June 5, 2026, following the successful completion of IMF reviews for the Extended Fund Facility and Resilience and Sustainability Facility. [Source: https://www.dawn.com/news/2008043/central-bank-keeps-policy-rate-unchanged-at-115pc, 15 Jun 2026]
#1483
Consider the following statements regarding the economic outlook as of June 2026: 1. The primary balance surplus for FY26 was estimated at 2.5 percent of GDP. 2. The MPC is targeting a primary balance surplus of 2 percent of GDP for FY27. 3. Headline inflation remained in single digits throughout April and May 2026. 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 the fiscal consolidation targets and estimates provided by the MPC. Statement 3 is incorrect because headline inflation rose to double digits in April and May 2026, not single digits. [Source: https://www.dawn.com/news/2008043/central-bank-keeps-policy-rate-unchanged-at-115pc, 15 Jun 2026]
#1484
Consider the following statements about the KP budget session held on June 25, 2026: 1. The opposition leader criticized the government for bulldozing cut motions. 2. The provincial government announced it would provide additional funds to the federal government. 3. The Chief Minister stated that the province would invest in merged districts from its own resources. 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 opposition leader complained about the process. Statement 2 is incorrect because the CM explicitly stated the government would not provide additional funds to the Centre. Statement 3 is correct as the CM confirmed self-reliance for the merged districts. [Source: https://www.dawn.com/news/2010593/cm-afridi-vows-peace-in-fy27-as-kp-assembly-passes-rs217tr-budget, 24 Jun 2026]
#1485
As of June 26, 2026, what is the fixed price per litre for petrol in Pakistan?
(a) Rs299.50
(b) Rs311.47
(c) Rs321.17
(d) Rs378.00
Explanation: The government maintained the petrol price at Rs299.50 per litre on June 26, 2026. The figure Rs311.47 represents the price of high-speed diesel, while the other options reflect historical price points. [Source: https://www.dawn.com/news/2011069/govt-keeps-petrol-diesel-prices-unchanged-till-further-orders, 26 Jun 2026]
#1486
Consider the following statements regarding fuel price management in Pakistan: 1. The government currently revises petroleum prices on a weekly basis every Friday night. 2. High-speed diesel is used exclusively for private passenger vehicles. 3. The government announced a reduction in fuel prices in the week preceding June 26, 2026. 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 government adopted a weekly revision schedule. Statement 3 is correct because the Prime Minister announced a significant reduction in prices the week prior to the June 26 announcement. Statement 2 is incorrect because diesel is primarily used for heavy transport and power generation, not private passenger vehicles. [Source: https://www.dawn.com/news/2011069/govt-keeps-petrol-diesel-prices-unchanged-till-further-orders, 26 Jun 2026]
#1487
Following the price reduction announced on June 19, 2026, what is the new ex-depot price of petrol per litre?
(a) Rs299.78
(b) Rs311.78
(c) Rs373.78
(d) Rs378.78
Explanation: The new price of petrol was set at Rs299.78 per litre following the Rs74 reduction. Rs311.78 is the new price for high-speed diesel. [Source: https://www.dawn.com/news/2009236/pm-shehbaz-announces-reduction-in-prices-of-petrol-by-rs74-diesel-by-rs67, 19 Jun 2026]
#1488
Consider the following statements about the fuel price situation in 2026: 1. The peak prices for both petrol and diesel were recorded on April 3, 2026. 2. The government reduced the petroleum levy by Rs80 per litre in April 2026 to provide immediate relief. 3. The June 19, 2026, price reduction was attributed to the restoration of energy shipping in the Strait of Hormuz. 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 correct. The peak occurred on April 3, the levy was slashed by Rs80 to provide relief, and the June reduction was linked to the easing of tensions and the restoration of shipping in the Strait of Hormuz. [Source: https://www.dawn.com/news/2009236/pm-shehbaz-announces-reduction-in-prices-of-petrol-by-rs74-diesel-by-rs67, 19 Jun 2026]
#1489
Consider the following statements about the global copper market as of July 27, 2026: 1. The U.S. Commerce Department was scheduled to complete a review of the copper market by June 30, 2026. 2. Copper prices on the LME were up 0.32% at 0700 GMT. 3. The Pentagon suspended airstrikes on Iran on the Friday preceding July 27, 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 provided information. The U.S. review deadline, the specific percentage increase of copper on the LME, and the timing of the Pentagon's suspension of airstrikes are all verified details. [Source: https://www.brecorder.com/news/40432002/copper-prices-rise-as-us-iran-lull-calms-oil-and-economic-growth-fears, 27 Jul 2026]
#1490
According to the June 2026 data, what was the recorded inflation rate in Pakistan?
(a) 11.1 percent
(b) 12.5 percent
(c) 9.8 percent
(d) None of these
Explanation: The inflation rate for June 2026 was reported at 11.1 percent, which remains significantly higher than the SBP's target range of 5-7 percent. This elevated inflation is a primary reason for the cautious monetary policy stance. [Source: https://www.dawn.com/news/2018929/policy-rate-pause-splits-stakeholders, 28 Jul 2026]
#1491
Consider the following statements about the current tomato supply chain in Pakistan: 1. The Balochistan crop is currently the primary source of domestic supply. 2. Iranian tomatoes are arriving in large quantities, exceeding 50 containers per day. 3. The tomato crop in Punjab and Khyber Pakhtunkhwa typically arrives in the May-June period. 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 Balochistan is the current supplier. Statement 3 is correct regarding the seasonal arrival of crops in Punjab and KP. Statement 2 is incorrect because imports are arriving in very small quantities, averaging only 10 containers per day. [Source: https://www.dawn.com/news/2017429/iranian-tomatoes-fail-to-ease-prices, 22 Jul 2026]
#1492
Consider the following statements about the US equity market performance in June 2026: 1. The S&P 500 ended a nine-week winning streak on June 5, 2026. 2. S&P Global has confirmed that it will change eligibility requirements to allow SpaceX to enter the S&P 500 index immediately. 3. Chipmaker Marvell Technology is considered a contender for addition to the S&P 500 benchmark index. 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 S&P 500 ended its nine-week run. Statement 3 is correct as Marvell Technology is a contender for index inclusion. Statement 2 is incorrect because S&P Global explicitly stated it would not change eligibility requirements for its major indices. [Source: https://www.dawn.com/news/2005508/wall-street-ends-sharply-lower-as-chips-slide-jobs-data-fuels-rate-hike-fears, 05 Jun 2026]
#1493
Consider the following statements about Pakistan's economic outlook for 2026: 1. The government expects inflationary pressures to ease due to the reopening of the Strait of Hormuz. 2. The size of the national economy reached 452.1 billion dollars by the end of the fiscal year. 3. The consumer price index (CPI) inflation for June 2026 was recorded at 15 percent. 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 factually correct based on the Ministry of Finance report. Statement 3 is incorrect because the ministry anticipated June inflation to remain within the range of 11-12 percent, not 15 percent. [Source: https://www.dawn.com/news/2011978/govt-expects-easing-inflationary-pressure-in-new-fiscal-year-following-reopening-of-strait-of-hormuz, 30 Jun 2026]
#1494
What was the policy rate maintained by the State Bank of Pakistan as of June 15, 2026?
(a) 11.5 percent
(b) 10.5 percent
(c) 12.5 percent
(d) 13.5 percent
Explanation: The Monetary Policy Committee decided to keep the policy rate unchanged at 11.5 percent during its final review for FY26. This rate is maintained to guide inflation toward the medium-term target range. [Source: https://www.dawn.com/news/2008043/central-bank-keeps-policy-rate-unchanged-at-115pc, 15 Jun 2026]
#1495
What was the level of SBP foreign exchange reserves as of June 5, 2026?
(a) 17.2 billion dollars
(b) 16.2 billion dollars
(c) 15.2 billion dollars
(d) 18.2 billion dollars
Explanation: The SBP foreign exchange reserves reached $17.2 billion by June 5, 2026, following the successful completion of IMF reviews for the Extended Fund Facility and Resilience and Sustainability Facility. [Source: https://www.dawn.com/news/2008043/central-bank-keeps-policy-rate-unchanged-at-115pc, 15 Jun 2026]
#1496
Consider the following statements regarding the economic outlook as of June 2026: 1. The primary balance surplus for FY26 was estimated at 2.5 percent of GDP. 2. The MPC is targeting a primary balance surplus of 2 percent of GDP for FY27. 3. Headline inflation remained in single digits throughout April and May 2026. 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 the fiscal consolidation targets and estimates provided by the MPC. Statement 3 is incorrect because headline inflation rose to double digits in April and May 2026, not single digits. [Source: https://www.dawn.com/news/2008043/central-bank-keeps-policy-rate-unchanged-at-115pc, 15 Jun 2026]
#1497
Consider the following statements about development loans in Pakistan: 1. The markup rate for 2025-26 is lower than the rate charged in 2024-25. 2. The federal government charges markup on loans to provincial governments as a source of revenue. 3. Foreign re-lent loans are advanced by the federal government out of its own domestic resources. 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 rate dropped from 17.74 percent to 11.89 percent. Statement 2 is correct as markup on these loans is a key revenue stream. Statement 3 is incorrect because cash development loans are funded from domestic resources, while foreign re-lent loans are sourced from international lenders. [Source: https://www.dawn.com/news/2018194/centre-cuts-markup-on-uplift-loans-to-1189pc, 24 Jul 2026]
#1498
Consider the following statements about Japan's economic situation in June 2026: 1. The yen has depreciated to a four-decade low. 2. Producer price inflation has shown signs of sharp acceleration. 3. The Bank of Japan is expected to aggressively raise interest rates at its next meeting to combat hyperinflation. 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 factually correct based on the report. Statement 3 is incorrect because the Bank of Japan is widely expected to keep interest rates steady at its upcoming meeting, not aggressively raise them. [Source: https://www.brecorder.com/news/40431592/japan-june-core-inflation-accelerates-stays-below-boj-target, 24 Jul 2026]
#1499
Arrange the following major international and regional developments in the correct chronological order of their reported occurrences or scheduling (earliest to latest): 1. The 11th Pakistan Banking Awards. 2. The 2024 uprising in Bangladesh leading to the current political climate for Sheikh Hasina. 3. The reported monsoon-related fatalities in India reaching over 100 on August 6, 2026. 4. The legislative advancement of a conditional amnesty bill for PKK fighters in Turkey.
(a) 2, 3, 4, 1
(b) 3, 2, 4, 1
(c) 2, 1, 3, 4
(d) 4, 2, 3, 1
Explanation: The sequence is determined by the 2024 Bangladesh uprising, followed by the specific disaster reports from India (August 6, 2026), the legislative action in Turkey (August 6, 2026), and finally the scheduled Pakistan Banking Awards (August 21, 2026). [Source: https://www.dawn.com/news/2020870/floods-landslides-leave-over-100-dead-as-monsoon-batters-india]
#1500
According to the June 2026 data, what was the recorded inflation rate in Pakistan?
(a) 11.1 percent
(b) 12.5 percent
(c) 9.8 percent
(d) None of these
Explanation: The inflation rate for June 2026 was reported at 11.1 percent, which remains significantly higher than the SBP's target range of 5-7 percent. This elevated inflation is a primary reason for the cautious monetary policy stance. [Source: https://www.dawn.com/news/2018929/policy-rate-pause-splits-stakeholders, 28 Jul 2026]