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.
#1501
Consider the following statements regarding the economic situation in Pakistan as of July 2026: 1. The SBP's decision to maintain the policy rate is supported by domestic trade bodies to curb inflation. 2. Private sector credit showed signs of recovery in June 2026. 3. Industrial stakeholders argue that a single-digit interest rate is necessary to improve export competitiveness. 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 domestic trade bodies (FPCCI, Korangi Association) criticized the policy rate as contractionary, not supportive. Statements 2 and 3 are factually accurate reflections of the economic sentiment and data reported in July 2026. [Source: https://www.dawn.com/news/2018929/policy-rate-pause-splits-stakeholders, 28 Jul 2026]
#1502
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]
#1503
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]
#1504
In 2024, which Indian regulatory body investigated Amazon for alleged breaches of competition laws related to deep discounting?
(a) Securities and Exchange Board of India
(b) Insurance Regulatory and Development Authority
(c) Reserve Bank of India
(d) Competition Commission of India
Explanation: The Competition Commission of India (the antitrust watchdog) conducted the investigation into Amazon's business practices. The other bodies listed regulate financial markets, banking, and insurance, respectively. [Source: https://www.brecorder.com/news/40431461/india-relaxes-e-commerce-investment-rules-for-exports-in-win-for-amazon, 23 Jul 2026]
#1505
Consider the following statements about the energy market developments as of March 11, 2026: 1. The IEA's proposed oil release is intended to offset disruptions caused by the US-Israeli conflict with Iran. 2. Goldman Sachs analysts estimated that the proposed stockpile release would offset 12 days of Gulf export disruptions. 3. US crude prices reached their highest level since June 2022 on Monday, March 9, 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 report: the IEA is responding to the Iran conflict, Goldman Sachs provided the 12-day offset estimate, and WTI crude prices hit their highest point since June 2022 on the preceding Monday. [Source: https://www.dawn.com/news/1980857/oil-falls-on-report-of-iea-proposing-biggest-oil-release-ever, 11 Mar 2026]
#1506
By the end of June 2026, what was the total volume of gold reserves held by China's central bank?
(a) 75.44 million fine troy ounces
(b) 74.96 million fine troy ounces
(c) 78.14 million fine troy ounces
(d) None of these
Explanation: China's central bank reported gold reserves of 75.44 million fine troy ounces by the end of June 2026. The figure 74.96 million represents the reserves held in the preceding month. [Source: https://www.brecorder.com/news/40432008/chinas-june-net-gold-imports-via-hong-kong-up-from-year-ago-down-from-may, 27 Jul 2026]
#1507
What was the total volume of gold imported by China via Hong Kong in June 2026?
(a) 50.679 tons
(b) 78.147 tons
(c) 75.440 tons
(d) 65.562 tons
Explanation: Total gold imports via Hong Kong reached 78.147 tons in June 2026. The figure 50.679 tons represents the net imports, while 65.562 tons was the total for the previous month. [Source: https://www.brecorder.com/news/40432008/chinas-june-net-gold-imports-via-hong-kong-up-from-year-ago-down-from-may, 27 Jul 2026]
#1508
Consider the following statements about China's gold trade in June 2026: 1. Net gold imports via Hong Kong more than doubled compared to the same month in the previous year. 2. Hong Kong has launched a central clearing system for gold to support its regional hub ambitions. 3. Data from Hong Kong provides a complete and exhaustive picture of all Chinese gold purchases. 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 net imports rose from 19.366 tons in June 2025 to 50.679 tons in June 2026. Statement 2 is correct regarding the new clearing system. Statement 3 is incorrect because gold is also imported via Shanghai and Beijing, meaning Hong Kong data is not exhaustive. [Source: https://www.brecorder.com/news/40432008/chinas-june-net-gold-imports-via-hong-kong-up-from-year-ago-down-from-may, 27 Jul 2026]
#1509
Which of the following statements regarding China's gold imports in June 2026 is INCORRECT?
(a) Net gold imports via Hong Kong were higher than in June 2025.
(b) Net gold imports via Hong Kong were lower than in May 2026.
(c) Total gold imports via Hong Kong were lower than in May 2026.
(d) China's central bank increased its gold reserves during the month.
Explanation: Total gold imports via Hong Kong were 78.147 tons in June, which was an increase of 19% compared to the 65.562 tons imported in May. Therefore, stating that total imports were lower is factually incorrect. [Source: https://www.brecorder.com/news/40432008/chinas-june-net-gold-imports-via-hong-kong-up-from-year-ago-down-from-may, 27 Jul 2026]
#1510
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]
#1511
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]
#1512
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]
#1513
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]
#1514
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]
#1515
Match List I (Economic Indicator/Metric) with List II (Status/Value as of May 2026 report): 1. Total disbursements under two arrangements — a. 16 billion dollars 2. Foreign exchange reserves (Dec 2025) — b. 1.32 billion dollars 3. Latest IMF financing approval — c. 4.8 billion dollars 4. Foreign exchange reserves (June 2025) — d. 14.5 billion dollars
(a) 1-c, 2-a, 3-b, 4-d
(b) 1-b, 2-a, 3-c, 4-d
(c) 1-c, 2-d, 3-b, 4-a
(d) 1-a, 2-c, 3-b, 4-d
Explanation: The total disbursements under the EFF and RSF reached $4.8 billion, while the latest approval was $1.32 billion. Reserves grew from $14.5 billion in June 2025 to $16 billion in December 2025. [Source: https://www.dawn.com/news/1998725/imfs-executive-board-approves-12-billion-financing-for-pakistans-reform-programme, 08 May 2026]
#1516
Which political leader met with Prime Minister Shehbaz Sharif on June 13, 2026, following parliamentary debates?
(a) Asad Qaiser
(b) Amir Dogar
(c) Ahsan Iqbal
(d) Mehmood Khan Achakzai
Explanation: Mehmood Khan Achakzai, the Opposition Leader, held a meeting with Prime Minister Shehbaz Sharif on the Saturday preceding the June 14, 2026, report. The other individuals mentioned are active participants in the National Assembly debates but were not the primary interlocutors in this specific meeting. [Source: https://www.dawn.com/news/2007773/info-minister-invites-opposition-to-sign-charter-of-economy-defends-proposed-fy27-budget, 14 Jun 2026]
#1517
According to the RBI chief, how much capital has been attracted by the dollar-mobilization schemes announced in June 2026?
(a) Nearly $15 billion
(b) Nearly $25 billion
(c) Nearly $32 billion
(d) Nearly $40 billion
Explanation: RBI chief Sanjay Malhotra confirmed that the dollar-mobilization schemes have successfully attracted nearly $32 billion in inflows as of July 2026. This liquidity helps the central bank manage currency volatility. [Source: https://www.brecorder.com/news/40431960/indian-rupee-set-to-rally-after-crude-drops-on-mideast-respite-rbi-led-inflows-build, 27 Jul 2026]
#1518
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]
#1519
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]
#1520
Which political leader met with Prime Minister Shehbaz Sharif on June 13, 2026, following parliamentary debates?
(a) Asad Qaiser
(b) Amir Dogar
(c) Ahsan Iqbal
(d) Mehmood Khan Achakzai
Explanation: Mehmood Khan Achakzai, the Opposition Leader, held a meeting with Prime Minister Shehbaz Sharif on the Saturday preceding the June 14, 2026, report. The other individuals mentioned are active participants in the National Assembly debates but were not the primary interlocutors in this specific meeting. [Source: https://www.dawn.com/news/2007773/info-minister-invites-opposition-to-sign-charter-of-economy-defends-proposed-fy27-budget, 14 Jun 2026]