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.
#1721
On March 11, 2026, by what approximate percentage did global oil prices plunge following reports of potential de-escalation in the conflict with Iran?
(a) 5 percent
(b) 10 percent
(c) 20 percent
(d) 15 percent
Explanation: Oil prices experienced a significant correction of approximately 15 percent on March 11, 2026, as markets reacted to diplomatic signals suggesting a potential end to the conflict. This followed a period of extreme volatility where prices had previously surged to levels not seen since 2022. [Source: https://www.dawn.com/news/1980727/oil-plunges-15pc-amid-hopes-of-de-escalation, 11 Mar 2026]
#1722
What was the new price of kerosene per litre following the government notification issued on March 7, 2026?
(a) Rs188.73
(b) Rs318.81
(c) Rs288.50
(d) Rs350.25
Explanation: The Oil and Gas Regulatory Authority issued a notification increasing the price of kerosene by Rs130.08, bringing the total to Rs318.81 per litre. Rs188.73 was the previous price effective from March 1, 2026. [Source: https://www.dawn.com/news/1979534/govt-hikes-kerosene-price-by-rs130-to-rs31881-per-litre, 07 Mar 2026]
#1723
Consider the following statements regarding the global oil market situation in March 2026: 1. Crude benchmarks had surged to their highest levels since 2022 prior to the price plunge. 2. The US administration expressed concerns that high energy prices could negatively impact consumer sentiment before midterm elections. 3. Market analysts suggested that the initial price surge was an overreaction to the upside, while the subsequent plunge was an overreaction to the downside. 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 conditions and expert commentary provided in the report. The surge to 2022 levels, the political sensitivity of energy prices, and the assessment of market overreaction are all verified components of the event. [Source: https://www.dawn.com/news/1980727/oil-plunges-15pc-amid-hopes-of-de-escalation, 11 Mar 2026]
#1724
What is the primary reason cited for the anticipated disruptions in the supply chain of petroleum products in March 2026?
(a) Domestic refinery maintenance
(b) Middle East crisis
(c) Port congestion at Karachi
(d) Pipeline sabotage
Explanation: The notification explicitly links the anticipated disruptions to the Middle East crisis and the resulting logistical challenges in the Strait of Hormuz. Other options like refinery maintenance or port congestion are not the stated causes for this specific policy shift. [Source: https://www.dawn.com/news/1979478/kp-finance-dept-orders-adoption-of-fuel-conservation-measures-due-to-anticipated-disruptions, 07 Mar 2026]
#1725
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]
#1726
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]
#1727
Which provincial government department issued the directive for fuel conservation measures on March 7, 2026?
(a) Planning and Development Department
(b) Finance Department
(c) Local Government Department
(d) None of these
Explanation: The Khyber Pakhtunkhwa Finance Department issued the notification on March 7, 2026, to ensure the judicious use of petroleum products. Other departments like Planning or Local Government were not the primary issuers of this specific austerity directive. [Source: https://www.dawn.com/news/1979478/kp-finance-dept-orders-adoption-of-fuel-conservation-measures-due-to-anticipated-disruptions, 07 Mar 2026]
#1728
Consider the following statements regarding the fuel conservation measures issued in March 2026: 1. The directive applies to all offices working under the KP Finance Department. 2. The Prime Minister has directed the finance and petroleum ministers to coordinate with provinces for a conservation strategy. 3. The fuel conservation measures were implemented because the government has no petroleum reserves left. 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 scope of the provincial directive and the federal government's coordination efforts. Statement 3 is incorrect because the government explicitly assured the nation that petroleum reserves were sufficient. [Source: https://www.dawn.com/news/1979478/kp-finance-dept-orders-adoption-of-fuel-conservation-measures-due-to-anticipated-disruptions, 07 Mar 2026]
#1729
Who is the current Petroleum Minister of Pakistan as of March 2026?
(a) Muhammad Aurangzeb
(b) Ali Pervaiz Malik
(c) Murad Ali Shah
(d) None of these
Explanation: Ali Pervaiz Malik is the Petroleum Minister who briefed provincial leadership on fuel reserves. Muhammad Aurangzeb is the Finance Minister, and Murad Ali Shah is the Chief Minister of Sindh. [Source: https://www.dawn.com/news/1979807/three-petrol-shipments-expected-on-monday-petroleum-minister, 08 Mar 2026]
#1730
Consider the following statements about the fuel management strategy discussed in March 2026: 1. The government is developing a joint dashboard to monitor fuel reserves across provinces. 2. The Punjab Enforcement and Regulatory Authority has been tasked with monitoring the fuel supply situation. 3. The government has successfully secured a permanent exemption from the petroleum levy from the IMF. 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 administrative measures taken to monitor reserves and enforce regulations. Statement 3 is incorrect because the government is only planning to request relief, not that it has already secured a permanent exemption. [Source: https://www.dawn.com/news/1979807/three-petrol-shipments-expected-on-monday-petroleum-minister, 08 Mar 2026]
#1731
The government decided in principle to implement which of the following for petroleum prices effective from March 8, 2026?
(a) Monthly revisions
(b) Quarterly revisions
(c) Weekly revisions
(d) Annual revisions
Explanation: To better manage the volatility of international oil prices, the government decided to shift to weekly revisions of petroleum prices. This allows for more frequent adjustments in line with global market fluctuations. [Source: https://www.dawn.com/news/1979860/pm-shehbaz-to-announce-austerity-plan-tomorrow-amid-global-fuel-crisis, 08 Mar 2026]
#1732
Consider the following statements about the government's austerity measures announced in March 2026: 1. The Prime Minister decided to review the work-from-home and distance learning plan on a weekly basis. 2. The government reported that the country currently lacks adequate reserves of petrol and diesel. 3. The Prime Minister urged federal and provincial ministers to play an effective role in resource provision. 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 PM decided to review the contingency plan weekly. Statement 2 is incorrect because the government explicitly stated that the country had adequate reserves of petrol and diesel. Statement 3 is correct as the PM called for active participation from all ministers. [Source: https://www.dawn.com/news/1979860/pm-shehbaz-to-announce-austerity-plan-tomorrow-amid-global-fuel-crisis, 08 Mar 2026]
#1733
Consider the following statements about the 2026 conflict dynamics: 1. The Lebanese government has officially sought full normalization of relations with Israel. 2. The Israeli military reported the death of 17 soldiers in southern Lebanon since the fighting erupted in March 2026. 3. US President Donald Trump expressed optimism regarding a potential peace deal between Israel and Lebanon 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: Statement 1 is false because the Lebanese Prime Minister explicitly stated that Lebanon is not seeking normalization, but rather a security agreement and withdrawal. Statements 2 and 3 are factually accurate based on the reported developments in the conflict. [Source: https://www.dawn.com/news/1998133/israel-strikes-beirut-for-the-first-time-since-ceasefire, 06 May 2026]
#1734
All of the following are cited as areas of concern or policy focus for China in the March 2026 press conference EXCEPT:
(a) Tensions in the South China Sea
(b) Expansion of the BRICS currency
(c) Wars in the Middle East and Ukraine
(d) US-China trade tariffs
Explanation: The press conference specifically addressed trade tariffs, the South China Sea, and the conflicts in the Middle East and Ukraine. The expansion of the BRICS currency was not a primary topic mentioned in the briefing. [Source: https://www.dawn.com/news/1979786/chinese-fm-urges-us-to-manage-differences-in-face-of-trade-woes, 08 Mar 2026]
#1735
Consider the following statements about Benjamin Netanyahu's recent health disclosures: 1. The Prime Minister's office confirmed that the prostate cancer was in an early stage. 2. Netanyahu visited a Jerusalem cafe in March 2026 to refute rumors of his death. 3. The medical report indicated that the Prime Minister is currently in poor health. 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 medical report explicitly stated that, aside from the treated cancer, the Prime Minister was in good health. [Source: https://www.dawn.com/news/1994721/netanyahu-says-he-was-successfully-treated-for-prostate-cancer, 24 Apr 2026]
#1736
Consider the following statements about the impact of rising fuel costs in March 2026: 1. Jet fuel accounts for 30-40% of airline operating expenses. 2. Domestic and international airfares have increased by 30-40% due to fuel costs. 3. The government has decided to permanently abolish the petroleum levy to provide relief to consumers. 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 government has actually protected its petroleum levy targets despite the subsidies provided. [Source: https://www.dawn.com/news/1985067/govt-may-have-to-unfreeze-fuel-prices-amid-global-surge, 25 Mar 2026]
#1737
Who represented Pakistan during the diplomatic discussions in Beijing regarding the Middle East peace initiative on March 31, 2026?
(a) Bilawal Bhutto Zardari
(b) Ishaq Dar
(c) Shah Mahmood Qureshi
(d) None of these
Explanation: Ishaq Dar, serving as the Deputy Prime Minister and Foreign Minister, visited Beijing to meet with his Chinese counterpart, Wang Yi. The other individuals listed are former foreign ministers and were not involved in this specific 2026 diplomatic mission. [Source: https://www.dawn.com/news/1987106/pakistan-china-issue-5-point-initiative-for-restoring-peace-in-middle-east, 31 Mar 2026]
#1738
Which of the following statements regarding the Torkham border situation in March 2026 is INCORRECT?
(a) The repatriation process was suspended for several weeks due to a security official being injured in a firing incident.
(b) The border was closed for all trading activities since October of the previous year.
(c) Security officials from both sides held flag meetings to devise a mechanism for smooth repatriation.
(d) Transporters in Landi Kotal demanded the safe return of vehicles and drivers stranded in Afghanistan.
Explanation: The statement is incorrect because the suspension following the firing incident lasted only 12 hours, not several weeks. The other statements accurately reflect the security and logistical situation described in the report. [Source: https://www.dawn.com/news/1987201/repatriation-of-afghans-resumes-at-torkham-as-border-reopens, 31 Mar 2026]
#1739
Which specific operation was cited as the cause for the month-long closure of the Torkham border prior to the March 2026 reopening?
(a) Operation Zarb-e-Azb
(b) Operation Radd-ul-Fasaad
(c) Operation Ghazab lil-Haq
(d) Operation Khyber-IV
Explanation: The border closure was linked to the launch of Operation Ghazab lil-Haq. The other operations listed are historical military campaigns that are not associated with the 2026 border events. [Source: https://www.dawn.com/news/1987201/repatriation-of-afghans-resumes-at-torkham-as-border-reopens, 31 Mar 2026]
#1740
Which of the following statements regarding the diplomatic efforts in Islamabad on March 29, 2026, is INCORRECT?
(a) The foreign ministers discussed ways to bring an early end to the regional war.
(b) The participants agreed to form a committee of senior officials to work out modalities for cooperation.
(c) The US and Iran have expressed confidence in Pakistan to facilitate potential talks.
(d) The meeting resulted in an immediate ceasefire agreement between all regional belligerents.
Explanation: While the ministers advocated for dialogue and diplomacy to end the conflict, no immediate ceasefire agreement was signed or announced during the meeting. The other statements accurately reflect the outcomes of the discussions. [Source: https://www.dawn.com/news/1986541/iran-us-have-expressed-confidence-in-pakistan-to-facilitate-talks-will-be-honoured-to-host-dialogue-in-coming-days-fm-dar, 29 Mar 2026]