May 2024 Edition
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May 2024 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#2741
Consider the following statements about the situation in the Strait of Hormuz as of May 5, 2026: 1. The US-Iran ceasefire has been officially terminated by the Pentagon. 2. Iran closed the Strait of Hormuz in response to the US-Israeli war. 3. US forces have intercepted missiles and drones fired by Iran during the current conflict. 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 Pentagon chief explicitly stated that the ceasefire still holds. Statements 2 and 3 are factually accurate based on the reported events. [Source: https://www.dawn.com/news/1997773/us-threatens-devastating-response-to-any-iran-attack-on-shipping, 05 May 2026]
#2742
According to the Pentagon, approximately how many commercial vessels were reported as trapped in the Arabian Gulf as of May 5, 2026?
(a) Over 550
(b) Over 1,550
(c) Over 1,050
(d) Over 2,050
Explanation: General Dan Caine stated that there were more than 1,550 commercial vessels trapped in the region. This figure highlights the significant economic impact of the Strait's closure. [Source: https://www.dawn.com/news/1997773/us-threatens-devastating-response-to-any-iran-attack-on-shipping, 05 May 2026]
#2743
On May 4, 2026, which specific facility in the United Arab Emirates was targeted by a drone attack?
(a) Jebel Ali Port
(b) Fujairah Oil Industry Zone
(c) Khalifa Port
(d) None of these
Explanation: The Fujairah Oil Industry Zone was the site of the drone attack on May 4, 2026, which caused a fire and injuries to three workers. Jebel Ali and Khalifa are other major UAE ports but were not the location of this specific incident. [Source: https://www.dawn.com/news/1997510/fujairah-oil-zone-hit-by-drone-attack-as-uae-says-it-intercepted-iranian-missiles, 04 May 2026]
#2744
Consider the following statements about the regional security situation as of May 4, 2026: 1. Iran's Revolutionary Guards Navy has claimed an expansion of areas under its control near the Strait of Hormuz. 2. The UAE has successfully maintained a total absence of drone and missile threats since the April 2026 ceasefire. 3. The Port of Khorfakkan was identified by Iranian authorities as being within their expanded area of control. 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 3 are correct as they reflect the claims made by the Iranian Revolutionary Guards Navy regarding the expansion of their control. Statement 2 is incorrect because the ceasefire was shattered by the May 4, 2026, drone attack, and the UAE had faced significant threats throughout the conflict period. [Source: https://www.dawn.com/news/1997510/fujairah-oil-zone-hit-by-drone-attack-as-uae-says-it-intercepted-iranian-missiles, 04 May 2026]
#2745
Consider the following statements about the joint statement issued on April 23, 2026: 1. The ministers condemned the raising of the Israeli flag within the courtyards of Al-Aqsa Mosque. 2. The statement cited the 2024 advisory opinion of the International Court of Justice regarding illegal settlements. 3. The ministers declared that the Al-Aqsa compound is a place of worship exclusively for Muslims. 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 joint statement. The ministers condemned the flag-raising, referenced the 2024 ICJ advisory opinion, and reiterated the exclusive status of the site for Muslim worship. [Source: https://www.dawn.com/news/1994444/pakistan-7-other-muslim-nations-reject-attempts-to-alter-historic-legal-status-quo-in-jerusalem-at-its-holy-sites, 23 Apr 2026]
#2746
Consider the following statements about the joint statement issued on April 23, 2026: 1. The ministers condemned the raising of the Israeli flag within the courtyards of Al-Aqsa Mosque. 2. The statement cited the 2024 advisory opinion of the International Court of Justice regarding illegal settlements. 3. The ministers called for the immediate annexation of the West Bank to ensure regional stability. 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 ministers condemned the raising of the Israeli flag. Statement 2 is correct as the statement referenced the 2024 ICJ advisory opinion. Statement 3 is incorrect because the ministers categorically rejected any attempts to annex occupied Palestinian territory. [Source: https://www.dawn.com/news/1994444/pakistan-7-other-muslim-nations-reject-attempts-to-alter-historic-legal-status-quo-in-jerusalem-at-its-holy-sites, 23 Apr 2026]
#2747
Consider the following statements about the ICC warrant debate in New York City: 1. The New York City Mayor claimed that the federal government has the authority to join the ICC and execute warrants. 2. The United States President vowed that the Israeli Prime Minister would not face arrest during the UN General Assembly summit. 3. The ICC warrant is based on allegations related to the offensive in Gaza following the October 2023 attack. 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 correct based on the events of July 2026. The Mayor acknowledged federal primacy, the President publicly stated the Prime Minister would not be arrested, and the ICC's warrant is linked to the post-October 2023 Gaza offensive. [Source: https://www.dawn.com/news/2017473/he-is-a-war-criminal-mamdani-says-nyc-cannot-arrest-netanyahu-on-icc-warrant-urges-us-federal-officials-to-step-in, 22 Jul 2026]
#2748
Who currently serves as the Minister for Power in the federal cabinet as of May 2, 2026?
(a) Ahad Khan Cheema
(b) Sardar Awais Ahmed Khan Leghari
(c) Ali Pervaiz Malik
(d) Attaullah Tarar
Explanation: Sardar Awais Ahmed Khan Leghari is the Minister for Power. The other individuals listed hold different portfolios, such as Economic Affairs, Petroleum, and Information and Broadcasting. [Source: https://www.dawn.com/news/1996962/pm-shehbaz-orders-formulation-of-strategy-to-stabilise-electricity-tariffs, 02 May 2026]
#2749
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]
#2750
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]
#2751
On May 8, 2026, the IMF Executive Board approved a financing package for Pakistan totaling:
(a) 1.10 billion dollars
(b) 1.32 billion dollars
(c) 4.80 billion dollars
(d) 16.0 billion dollars
Explanation: The IMF approved $1.32 billion in financing during the May 2026 review. While $4.8 billion represents the total cumulative disbursements under the current arrangements, $1.32 billion is the specific amount approved in this tranche. [Source: https://www.dawn.com/news/1998725/imfs-executive-board-approves-12-billion-financing-for-pakistans-reform-programme, 08 May 2026]
#2752
Who served as the Acting Chair during the IMF Executive Board meeting on May 8, 2026?
(a) Kristalina Georgieva
(b) Gita Gopinath
(c) Nigel Clarke
(d) David Malpass
Explanation: Nigel Clarke, the IMF Deputy Managing Director, presided over the meeting as the Acting Chair. The other individuals listed hold or have held different leadership roles within the IMF or World Bank. [Source: https://www.dawn.com/news/1998725/imfs-executive-board-approves-12-billion-financing-for-pakistans-reform-programme, 08 May 2026]
#2753
According to the IMF review of May 2026, what was the level of Pakistan's foreign exchange reserves at the end of December 2025?
(a) 16.0 billion dollars
(b) 14.5 billion dollars
(c) 18.2 billion dollars
(d) 20.5 billion dollars
Explanation: The IMF report confirmed that foreign exchange reserves reached $16 billion by the end of December 2025, an increase from the $14.5 billion recorded in June 2025. [Source: https://www.dawn.com/news/1998725/imfs-executive-board-approves-12-billion-financing-for-pakistans-reform-programme, 08 May 2026]
#2754
Which facility, alongside the Extended Fund Facility (EFF), provided funding to Pakistan in the May 2026 IMF review?
(a) Precautionary and Liquidity Line
(b) Poverty Reduction and Growth Trust
(c) Flexible Credit Line
(d) Resilience and Sustainability Facility
Explanation: The financing package consists of funds from the EFF and the Resilience and Sustainability Facility (RSF). The other options are alternative IMF lending instruments not utilized in this specific disbursement. [Source: https://www.dawn.com/news/1998725/imfs-executive-board-approves-12-billion-financing-for-pakistans-reform-programme, 08 May 2026]
#2755
Consider the following statements regarding the IMF's assessment of Pakistan's economy in May 2026: 1. The IMF flagged the Middle East war as a source of heightened geopolitical risk. 2. Pakistan met structural benchmarks related to tax policy and energy pricing. 3. The IMF recommended an immediate expansionary fiscal policy to stimulate growth. 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 IMF's stated concerns and the conditions met by Pakistan. Statement 3 is incorrect because the IMF explicitly recommended gradual fiscal consolidation, not expansionary policy. [Source: https://www.dawn.com/news/1998725/imfs-executive-board-approves-12-billion-financing-for-pakistans-reform-programme, 08 May 2026]
#2756
What is the maturity period of the inaugural Panda bond issued by Pakistan on May 14, 2026?
(a) One year
(b) Three years
(c) Five years
(d) Ten years
Explanation: The inaugural Panda bond is a fixed-rate instrument with a three-year maturity. This duration is a standard feature for initial sovereign entries into the Chinese onshore market. [Source: https://www.dawn.com/news/2000249/pakistan-raises-250m-equivalent-in-inaugural-panda-bond-issuance, 14 May 2026]
#2757
Which prestigious civilian award was conferred upon Prince Rahim al-Hussaini Aga Khan V in 2024?
(a) Tamgha-i-Pakistan
(b) Hilal-i-Pakistan
(c) Sitara-i-Pakistan
(d) Nishan-i-Pakistan
Explanation: The Nishan-i-Pakistan is the nation's highest civilian award, which was granted to the Prince in 2024 for his family's contributions to the country. The other options are lower-tier civil awards. [Source: https://www.dawn.com/news/2001810/aga-khan-affirms-commitment-to-supporting-development-during-meeting-with-president-zardari, 20 May 2026]
#2758
Consider the following statements about the visit of Prince Rahim al-Hussaini Aga Khan V to Pakistan in May 2026: 1. The Prince held delegation-level talks at the Presidency with President Asif Ali Zardari. 2. The Aga Khan Development Network (AKDN) is involved in climate resilience and heritage conservation in Pakistan. 3. The visit included a formal guard of honour at the Prime Minister's House. 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 accurate regarding the diplomatic proceedings and the scope of AKDN's work. Statement 3 is incorrect because the guard of honour was presented at Aiwan-i-Sadr (President House), not the Prime Minister's House. [Source: https://www.dawn.com/news/2001810/aga-khan-affirms-commitment-to-supporting-development-during-meeting-with-president-zardari, 20 May 2026]
#2759
Who among the following officials attended the banquet held in honour of Prince Rahim al-Hussaini Aga Khan V on May 20, 2026?
(a) Ishaq Dar
(b) Raja Pervaiz Ashraf
(c) Sadiq Sanjrani
(d) Sherry Rehman
Explanation: Ishaq Dar, serving as the Deputy Prime Minister and Foreign Minister, was among the high-level officials present at the banquet. The other individuals listed were not mentioned as attendees of this specific event. [Source: https://www.dawn.com/news/2001810/aga-khan-affirms-commitment-to-supporting-development-during-meeting-with-president-zardari, 20 May 2026]
#2760
Prince Rahim al-Hussaini Aga Khan V arrived in Pakistan on May 20, 2026, at which specific location?
(a) Jinnah International Airport
(b) Allama Iqbal International Airport
(c) Nur Khan Air Base
(d) Bacha Khan International Airport
Explanation: Prince Rahim was officially received by President Asif Ali Zardari upon his arrival at the Nur Khan Air Base in Islamabad. The other options represent major international airports in Pakistan that were not the site of this specific diplomatic arrival. [Source: https://www.dawn.com/news/2001810/aga-khan-affirms-commitment-to-supporting-development-during-meeting-with-president-zardari, 20 May 2026]