March 2024 Edition
Start March Quiz
March 2024 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#1581
On March 14, 2026, which US President claimed that multiple countries would deploy warships to maintain the openness of the Strait of Hormuz?
(a) Joe Biden
(b) Donald Trump
(c) Barack Obama
(d) None of these
Explanation: Donald Trump made the statement regarding the deployment of international warships to the Strait of Hormuz on March 14, 2026. The other listed individuals were not the serving US President on that date. [Source: https://www.dawn.com/news/1982096/trump-claims-many-countries-will-send-warships-to-keep-strait-of-hormuz-open, 14 Mar 2026]
#1582
Which regulatory body conducted the public hearing regarding the unavailability of LNG supplies on March 31, 2026?
(a) National Electric Power Regulatory Authority (NEPRA)
(b) Oil and Gas Regulatory Authority (OGRA)
(c) Private Power and Infrastructure Board (PPIB)
(d) None of these
Explanation: The hearing regarding the fuel supply situation and power generation constraints was held by the National Electric Power Regulatory Authority (NEPRA). [Source: https://www.dawn.com/news/1987262/lng-supplies-under-force-majeure-not-available-for-power-generation-say-officials, 31 Mar 2026]
#1583
Which of the following sectors was explicitly identified as having vast export potential during the meeting held on March 15, 2026?
(a) Textiles and garments
(b) Automobile manufacturing
(c) Information technology
(d) Meat and dairy
Explanation: The official briefing highlighted that Pakistan's agricultural sector, specifically including meat, poultry, dairy, and seafood, possesses significant export potential. Textiles and IT were not the focus of this food-security-centric meeting. [Source: https://www.dawn.com/news/1982358/pm-shehbaz-directs-formulation-of-strategy-for-exporting-surplus-food-items-to-gulf-countries, 15 Mar 2026]
#1584
By what percentage have fuel costs for Pakistan International Airlines (PIA) risen due to the Gulf crisis as of March 12, 2026?
(a) 24 percent
(b) 44 percent
(c) 34 percent
(d) 54 percent
Explanation: The PIA spokesman confirmed that fuel costs surged by 34 percent due to the regional conflict. This increase directly necessitated the adjustment of fuel surcharges on domestic and international flights. [Source: https://www.dawn.com/news/1981330/pia-raises-fuel-surcharge-as-gulf-crisis-drives-up-costs, 12 Mar 2026]
#1585
Consider the following statements about the energy crisis in South Asia as of March 11, 2026: 1. India is the world's fourth-largest buyer of liquefied natural gas (LNG). 2. Bangladesh has deployed police to patrol filling stations to maintain order. 3. The restaurant industry in India is predominantly dependent on commercial LPG for operations. 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. India's status as a major LNG buyer, the deployment of police in Bangladesh, and the reliance of the Indian restaurant sector on commercial LPG are all confirmed details. [Source: https://www.dawn.com/news/1980784/troops-guard-bangladesh-depots-after-oil-riots, 11 Mar 2026]
#1586
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]
#1587
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]
#1588
As of March 11, 2026, the International Energy Agency (IEA) is considering a record-breaking release of oil reserves to counter supply disruptions caused by conflict in which region?
(a) South China Sea
(b) Gulf of Mexico
(c) North Sea
(d) Gulf region
Explanation: The IEA is proposing a massive release of oil reserves to address supply disruptions stemming from the conflict involving Iran and the Strait of Hormuz in the Gulf region. Other options represent different global maritime chokepoints not central to this specific energy crisis. [Source: https://www.dawn.com/news/1980857/oil-falls-on-report-of-iea-proposing-biggest-oil-release-ever, 11 Mar 2026]
#1589
Which of the following statements regarding the energy market situation as of March 11, 2026, is INCORRECT?
(a) The IEA's proposed drawdown would exceed the 182 million barrels released in 2022.
(b) Brent futures traded down by approximately 1 per cent on the day of the report.
(c) The US Navy has officially agreed to provide military escorts for all commercial tankers in the Strait of Hormuz.
(d) ADNOC shut its Ruwais refinery following a drone strike.
Explanation: The US Navy has actually refused requests from the shipping industry for military escorts due to the high risk of attacks, making the incorrect statement. The other options accurately reflect the market and security conditions described in the report. [Source: https://www.dawn.com/news/1980857/oil-falls-on-report-of-iea-proposing-biggest-oil-release-ever, 11 Mar 2026]
#1590
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]
#1591
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]
#1592
Who is the current head of the Senate Standing Committee on Economic Affairs as of March 10, 2026?
(a) Senator Saifullah Abro
(b) Senator Syed Nazir Abbas
(c) Senator Ishaq Dar
(d) None of these
Explanation: Senator Saifullah Abro is the chairman of the Senate Standing Committee on Economic Affairs. Dr. Syed Nazir Abbas is the Secretary General of the Oil Companies Advisory Council (OCAC), not the committee chairman. [Source: https://www.dawn.com/news/1980379/senate-panel-to-expose-fuel-price-hike-beneficiaries, 10 Mar 2026]
#1593
Consider the following statements about the oil market developments on March 10, 2026: 1. US President Donald Trump suggested that the war in the Middle East could conclude in the near future. 2. The Islamic Revolutionary Guards Corps threatened to block oil exports from the region if attacks continued. 3. The Kremlin reported that Vladimir Putin shared proposals aimed at a quick settlement to the war. 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: Trump predicted a short-lived war, the IRGC issued threats regarding oil exports, and the Kremlin confirmed Putin's diplomatic proposals. [Source: https://www.dawn.com/news/1980481/oil-sinks-7pc-as-trump-predicts-middle-east-de-escalation, 10 Mar 2026]
#1594
Which organization announced a precautionary reduction in crude oil production on March 7, 2026?
(a) Saudi Aramco
(b) Kuwait Petroleum Corporation
(c) QatarEnergy
(d) None of these
Explanation: Kuwait Petroleum Corporation (KPC) officially announced the production cut as a risk management strategy amid regional tensions. Saudi Aramco and QatarEnergy are distinct national entities not involved in this specific announcement. [Source: https://www.dawn.com/news/1979510/kuwaits-national-oil-company-cuts-production-as-precaution-amid-iran-tensions, 07 Mar 2026]
#1595
Consider the following statements about the energy situation in the Middle East as of March 2026: 1. Kuwait Petroleum Corporation has permanently ceased all oil exports due to the conflict. 2. The Strait of Hormuz is identified as a critical point of concern for the safe passage of ships. 3. Qatar has declared force majeure on its gas exports.
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) All three
Explanation: Statement 1 is false because the reduction is described as a 'precautionary' measure subject to review, not a permanent cessation. Statements 2 and 3 are factually accurate based on the reported events. [Source: https://www.dawn.com/news/1979510/kuwaits-national-oil-company-cuts-production-as-precaution-amid-iran-tensions, 07 Mar 2026]
#1596
On March 11, 2026, which Iranian official stated that negotiations with the United States were no longer on the agenda?
(a) Mohammad Bagher Ghalibaf
(b) Abbas Araghchi
(c) Eyal Zamir
(d) None of these
Explanation: Abbas Araghchi, serving as the Iranian Foreign Minister, explicitly ruled out negotiations with the United States during an interview with PBS News. Mohammad Bagher Ghalibaf is the parliamentary speaker who focused on retaliatory threats rather than diplomatic agendas. [Source: https://www.dawn.com/news/1980759/iran-vows-to-keep-hormuz-strait-blocked-as-long-as-war-continues, 11 Mar 2026]
#1597
Which of the following is NOT identified as a potential economic impact of the Middle East conflict on Pakistan in the March 2026 report?
(a) Increased energy costs
(b) Immediate collapse of the banking sector
(c) Strain on remittance inflows
(d) Pressure on the exchange rate
Explanation: The report warns of inflation, import costs, and remittance strain, but it does not predict an immediate collapse of the banking sector. The other options are explicitly mentioned as risks to the external sector. [Source: https://www.dawn.com/news/1979649/external-sector-faces-instability-amid-middle-east-crisis, 08 Mar 2026]
#1598
According to the Planning Commission's March 2026 report, what percentage of Pakistan's total imports are accounted for by petroleum products?
(a) Nearly 10 percent
(b) Nearly 25 percent
(c) Nearly 40 percent
(d) None of these
Explanation: The report specifies that petroleum products constitute nearly one-quarter, or 25 percent, of Pakistan's total import bill. This high dependency makes the country particularly susceptible to global oil price volatility. [Source: https://www.dawn.com/news/1979649/external-sector-faces-instability-amid-middle-east-crisis, 08 Mar 2026]
#1599
Consider the following statements about Pakistan's economic situation as of March 2026: 1. The total remittance inflow for the first eight months of FY26 was 26.5 billion dollars. 2. Saudi Aramco has reportedly reduced its oil production to about half capacity due to the Strait of Hormuz blockage. 3. The government expects to receive 50 billion dollars in total remittances during the full fiscal year 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 the expected total for FY26 is 40 billion dollars, not 50 billion. [Source: https://www.dawn.com/news/1980726/remittances-steady-but-war-risks-loom, 11 Mar 2026]
#1600
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]