March 2024 Edition
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March 2024 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#2381
How much capital is specifically allocated for the mineral sector of Balochistan in the investment plan announced on March 11, 2026?
(a) $10 million
(b) $12 million
(c) $14 million
(d) $16 million
Explanation: The investment proposal includes $14 million dedicated to the mineral sector of Balochistan. This is distinct from the much larger $2.6 billion allocated for manufacturing. [Source: https://www.dawn.com/news/1980763/chinese-firms-plan-to-invest-26bn-in-balochistan, 11 Mar 2026]
#2382
Which of the following statements regarding the refinery project announced on March 11, 2026, is INCORRECT?
(a) The project is located at the Port of Brownsville.
(b) The refinery is designed to process imported crude oil from the Middle East.
(c) Reliance Industries is involved as a partner in the project.
(d) The project is framed as a major investment in US energy infrastructure.
Explanation: The refinery is designed to process 100 per cent American shale oil, not imported crude from the Middle East. Therefore, statement C is factually incorrect. [Source: https://www.dawn.com/news/1980847/trump-touts-us-oil-refinery-deal-with-indias-energy-giant-reliance-industries, 11 Mar 2026]
#2383
Which of the following statements regarding the market conditions as of March 11, 2026, is INCORRECT?
(a) Spot platinum prices fell by 5 percent.
(b) Spot gold prices were recorded at $5,202.10 per ounce.
(c) Oil prices dropped below $90 per barrel.
(d) Gold has risen more than 20 percent so far this year.
Explanation: Spot platinum actually rose by 0.1 percent, making the claim that it fell by 5 percent incorrect. The other statements accurately reflect the market data provided for the specified date. [Source: https://www.dawn.com/news/1980850/gold-edges-higher-on-safe-haven-demand-ahead-of-us-cpi-data, 11 Mar 2026]
#2384
Consider the following statements about the investment plan announced on March 11, 2026: 1. The investment plan aims to stimulate industrial activities and generate employment in Balochistan. 2. The Chinese delegation was accompanied by the former finance minister of Balochistan, Amjad Rasheed. 3. The proposed investment in the mineral sector is larger than the investment in the manufacturing 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 investment aims to boost industry and jobs. Statement 2 is correct as Amjad Rasheed accompanied the delegation. Statement 3 is incorrect because the $2.6 billion manufacturing investment is significantly larger than the $14 million mineral sector investment. [Source: https://www.dawn.com/news/1980763/chinese-firms-plan-to-invest-26bn-in-balochistan, 11 Mar 2026]
#2385
Consider the following statements about the current economic and geopolitical environment as of March 11, 2026: 1. Gold is functioning as a safe-haven asset due to heightened geopolitical uncertainty. 2. The conflict has led to the stranding of oil tankers for more than a week. 3. Investors expect at least three rate cuts by the Federal Reserve in 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 factually accurate based on the report. Statement 3 is incorrect because investors expect at least two, not three, rate cuts by the Federal Reserve in 2026. [Source: https://www.dawn.com/news/1980850/gold-edges-higher-on-safe-haven-demand-ahead-of-us-cpi-data, 11 Mar 2026]
#2386
Consider the following statements about the refinery project announced on March 11, 2026: 1. The project involves a partnership with India's Reliance Industries. 2. The facility is intended to be the first major oil refinery built in the United States in half a century. 3. The project is entirely funded by the US federal government. 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 partnership with Reliance and the historical context of the refinery construction. Statement 3 is incorrect because the project is a private investment initiative, not a federally funded government project. [Source: https://www.dawn.com/news/1980847/trump-touts-us-oil-refinery-deal-with-indias-energy-giant-reliance-industries, 11 Mar 2026]
#2387
Consider the following statements about the regional security situation in March 2026: 1. The Strait of Hormuz mission is designed to secure the flow of oil and gas. 2. France deployed air defense units to Cyprus following drone attacks. 3. The conflict in the Middle East began in early 2026 following a direct invasion of France. 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 conflict was triggered by US-Israeli strikes on Iran, not an invasion of France. [Source: https://www.dawn.com/news/1980406/france-allies-preparing-defensive-mission-to-reopen-strait-of-hormuz-says-macron, 10 Mar 2026]
#2388
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]
#2389
Which of the following statements regarding the market performance in March 2026 is INCORRECT?
(a) Foreign corporates were net sellers of equities during the week.
(b) The KSE-100 index experienced a single-session decline of over 16,000 points on Monday.
(c) Cement despatches showed a year-on-year increase in February 2026.
(d) The rupee depreciated significantly against the dollar during the week.
Explanation: The rupee remained largely stable, appreciating marginally by 0.02 percent week-on-week. The other statements accurately reflect the market data provided for the period. [Source: https://www.dawn.com/news/1979645/stocks-nosedive-63pc-in-jittery-week-on-geopolitical-concerns, 08 Mar 2026]
#2390
What was the closing value of the KSE-100 index at the end of the trading week ending on March 8, 2026?
(a) 145,210 points
(b) 157,496 points
(c) 162,305 points
(d) None of these
Explanation: The KSE-100 index closed at 157,496 points after a weekly decline of 6.3 percent. This decline was primarily attributed to investor panic regarding regional geopolitical instability. [Source: https://www.dawn.com/news/1979645/stocks-nosedive-63pc-in-jittery-week-on-geopolitical-concerns, 08 Mar 2026]
#2391
Which of the following measures was initially proposed but subsequently shelved by the government in response to the potential fuel crisis in March 2026?
(a) Rationing of electricity for industrial zones
(b) Complete ban on private vehicle usage
(c) Work from home and distance learning
(d) Immediate closure of all public transport
Explanation: The government considered a national action plan involving work-from-home and distance learning to conserve fuel but decided to keep activities unchanged. The other options were not part of the official proposal mentioned. [Source: https://www.dawn.com/news/1979534/govt-hikes-kerosene-price-by-rs130-to-rs31881-per-litre, 07 Mar 2026]
#2392
Which of the following statements regarding the March 2026 fuel price hike is INCORRECT?
(a) The government decided to implement work-from-home measures for a month.
(b) The price of kerosene was increased by over Rs130 per litre.
(c) The notification for the price hike was issued by the Oil and Gas Regulatory Authority.
(d) Long queues were reported at petrol pumps across several cities.
Explanation: The government explicitly decided to shelve the proposed work-from-home and distance learning measures rather than implement them. The other three statements are factually accurate based on the events of March 2026. [Source: https://www.dawn.com/news/1979534/govt-hikes-kerosene-price-by-rs130-to-rs31881-per-litre, 07 Mar 2026]
#2393
Consider the following statements about the fuel price adjustments in March 2026: 1. The price hike for kerosene was announced shortly after increases in petrol and high-speed diesel prices. 2. Kerosene demand in Pakistan is significantly higher than the combined monthly sales of petrol and high-speed diesel. 3. The government maintained that petroleum reserves were sufficient despite the price adjustments. 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 2 is incorrect because kerosene demand (10,000 tonnes) is significantly lower than the demand for petrol and diesel (700,000 to 800,000 tonnes). Statements 1 and 3 are accurate reflections of the government's position and the sequence of events. [Source: https://www.dawn.com/news/1979534/govt-hikes-kerosene-price-by-rs130-to-rs31881-per-litre, 07 Mar 2026]
#2394
The decline in global crude oil prices on March 11, 2026, was primarily attributed to:
(a) Diplomatic signals regarding the potential end of the conflict with Iran
(b) Increased production from OPEC nations
(c) A sudden drop in global industrial demand
(d) New sanctions imposed on major oil exporters
Explanation: Crude prices plunged following remarks by US President Donald Trump suggesting that the conflict with Iran could end soon, which eased supply disruption concerns. Other options do not reflect the specific geopolitical catalyst mentioned in the market report. [Source: https://www.dawn.com/news/1980849/kse-100-ends-lower-after-early-rally-loses-steam, 11 Mar 2026]
#2395
Which of the following statements regarding the KSE-100 market session on March 11, 2026, is INCORRECT?
(a) The index experienced an intraday high of 158,624.51 points.
(b) The index began the session with a sharp rebound.
(c) The index closed lower compared to the previous session.
(d) The index maintained its early gains throughout the entire trading day.
Explanation: The index did not maintain its gains; the report states that the momentum faded and the index largely erased its early gains by 1pm. Options A, B, and D are factually accurate descriptions of the session. [Source: https://www.dawn.com/news/1980849/kse-100-ends-lower-after-early-rally-loses-steam, 11 Mar 2026]
#2396
Which two permanent members of the UN Security Council abstained from the vote on the resolution adopted on March 11, 2026?
(a) China and Russia
(b) United States and France
(c) France and United Kingdom
(d) United Kingdom and United States
Explanation: The resolution was adopted with 13 votes in favor, while China and Russia chose to abstain. The other permanent members (US, UK, and France) voted in favor. [Source: https://www.dawn.com/news/1981123/unsc-adopts-resolution-against-irans-attacks-on-gulf-nations-tehran-decries-blatant-misuse-of-security-council, 11 Mar 2026]
#2397
Who chaired the Capital Market Development Council (CMDC) meeting held on March 11, 2026?
(a) Muhammad Aurangzeb
(b) Shamshad Akhtar
(c) Miftah Ismail
(d) None of these
Explanation: Muhammad Aurangzeb, as the Finance Minister, chaired the CMDC meeting to discuss reforms for the capital market. The other individuals listed are former finance ministers and are not the current officeholder for the 2026 event. [Source: https://www.dawn.com/news/1980943/finance-minister-stresses-more-balanced-system-where-capital-markets-complement-banking-sector, 11 Mar 2026]
#2398
Consider the following statements about the UNSC resolution adopted on March 11, 2026: 1. The resolution was adopted with 13 votes in favor. 2. Pakistan voted against the resolution due to its diplomatic ties with Tehran. 3. The resolution highlights the impact of attacks on maritime security in the Strait of Hormuz. 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 13 members voted in favor. Statement 2 is incorrect because Pakistan was a co-sponsor and voted in favor of the resolution. Statement 3 is correct as the resolution specifically highlights the adverse impact on maritime security in the Strait of Hormuz. [Source: https://www.dawn.com/news/1981123/unsc-adopts-resolution-against-irans-attacks-on-gulf-nations-tehran-decries-blatant-misuse-of-security-council, 11 Mar 2026]
#2399
Which company led the trading volume on the Pakistan Stock Exchange on March 11, 2026?
(a) K-Electric Limited
(b) Cnergyico PK Limited
(c) The Bank of Punjab
(d) None of these
Explanation: The Bank of Punjab led the trading activity with a volume of 37,706,784 shares. K-Electric and Cnergyico followed with lower trading volumes. [Source: https://www.dawn.com/news/1980849/kse-100-ends-lower-after-early-rally-loses-steam, 11 Mar 2026]
#2400
Which article of the UN Charter is cited in the March 11, 2026, resolution to underscore the right to self-defense?
(a) Article 42
(b) Article 51
(c) Article 99
(d) Article 103
Explanation: Article 51 of the UN Charter recognizes the inherent right of individual or collective self-defense if an armed attack occurs against a member of the United Nations. This was explicitly invoked in the resolution. [Source: https://www.dawn.com/news/1981123/unsc-adopts-resolution-against-irans-attacks-on-gulf-nations-tehran-decries-blatant-misuse-of-security-council, 11 Mar 2026]