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.
#3601
Who is the current Minister for Petroleum and Natural Gas in India as of May 2026?
(a) Nitin Gadkari
(b) Hardeep Singh Puri
(c) Piyush Goyal
(d) None of these
Explanation: Hardeep Singh Puri is identified as the Minister for Petroleum and Natural Gas who commented on the financial losses faced by oil marketing companies. The other names are prominent ministers but do not hold this specific portfolio. [Source: https://www.dawn.com/news/1999209/modi-urges-indians-to-reduce-petrol-diesel-consumption-amid-middle-east-war-disruption, 10 May 2026]
#3602
Consider the following statements about the diplomatic mediation efforts on May 10, 2026: 1. Pakistan acted as a mediator to convey Iran's response to the US. 2. The US proposal includes a 30-day window for negotiating Iran's nuclear program. 3. The US has completely lifted its naval blockade of Iranian ports. 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 diplomatic developments. Statement 3 is incorrect because the US maintained the broader naval blockade of Iranian ports despite suspending the specific 'Project Freedom' escort plan. [Source: https://www.dawn.com/news/1999181/tehran-sends-response-to-us-peace-proposal-via-pakistan, 10 May 2026]
#3603
In May 2026, Pakistan LNG Limited rejected bids from which of the following companies?
(a) PetroChina and Vitol Bahrain
(b) BP Singapore and TotalEnergies
(c) OQ Trading and SOCAR Trading
(d) None of these
Explanation: PLL rejected the two lowest evaluated bids submitted by BP Singapore and TotalEnergies for the May 2026 delivery windows. Other companies like PetroChina and Vitol Bahrain also participated but were not the specific subjects of the rejection mentioned. [Source: https://www.dawn.com/news/1998447/pakistan-turns-down-two-lowest-evaluated-lng-bids, 07 May 2026]
#3604
Which of the following statements regarding the LNG procurement process in May 2026 is INCORRECT?
(a) PLL floated urgent tenders on a 36-hour notice.
(b) The tenders were issued to address power shortfalls.
(c) Qatar has maintained full supply capacity to Pakistan despite regional tensions.
(d) TotalEnergies submitted a bid priced at $16.98 per mmBtu.
Explanation: Qatar declared force majeure on its global LNG contracts, including those with Pakistan, due to the closure of the Strait of Hormuz. Therefore, the statement that Qatar maintained full supply capacity is false. [Source: https://www.dawn.com/news/1998447/pakistan-turns-down-two-lowest-evaluated-lng-bids, 07 May 2026]
#3605
The IMF executive board meeting scheduled for May 8, 2026, is expected to approve a disbursement of approximately how much for Pakistan?
(a) $5.0 billion
(b) $2.5 billion
(c) $3.0 billion
(d) $1.2 billion
Explanation: The IMF board meeting in May 2026 is convened to approve a disbursement of more than $1.2 billion. This is a critical component of the ongoing structural adjustment program. [Source: https://www.dawn.com/news/1996451/govt-hikes-petrol-price-by-rs6-diesel-by-rs19, 30 Apr 2026]
#3606
Consider the following statements about the 2026 fuel price developments: 1. The global fuel crisis is partially attributed to the closure of the Strait of Hormuz. 2. The government has decided to cut public sector development programs to protect the primary balance target. 3. The All Pakistan Petrol Pump Owners Association supported the strike calls for 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: Statement 1 is correct as the Strait of Hormuz closure is a factor in the global fuel crisis. Statement 2 is correct as the government indicated that further cuts to development programs might be required to meet the primary balance. Statement 3 is incorrect because the association explicitly refuted the strike rumors. [Source: https://www.dawn.com/news/1996451/govt-hikes-petrol-price-by-rs6-diesel-by-rs19, 30 Apr 2026]
#3607
Consider the following statements about development loans in Pakistan: 1. The markup rate for 2025-26 is lower than the rate charged in 2024-25. 2. The federal government charges markup on loans to provincial governments as a source of revenue. 3. Foreign re-lent loans are advanced by the federal government out of its own domestic 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 rate dropped from 17.74 percent to 11.89 percent. Statement 2 is correct as markup on these loans is a key revenue stream. Statement 3 is incorrect because cash development loans are funded from domestic resources, while foreign re-lent loans are sourced from international lenders. [Source: https://www.dawn.com/news/2018194/centre-cuts-markup-on-uplift-loans-to-1189pc, 24 Jul 2026]
#3608
Consider the following statements about the fuel price adjustments announced on May 29, 2026: 1. The government reduced the price of petrol and high-speed diesel by Rs22 per litre each. 2. The new prices for petrol and high-speed diesel were scheduled to take effect on May 30, 2026. 3. The government has been providing fuel subsidies specifically for public transport and motorcycle commuters. 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 government's announcement. The price cut was Rs22, the effective date was May 30, and the government confirmed existing subsidy programs for public transport and two-wheelers. [Source: https://www.dawn.com/news/2003697/govt-cuts-petrol-diesel-prices-by-rs22, 29 May 2026]
#3609
Which regulatory body issued the notification regarding the reduction in the price of kerosene on May 29, 2026?
(a) State Bank of Pakistan
(b) Federal Board of Revenue
(c) Oil and Gas Regulatory Authority
(d) None of these
Explanation: The Oil and Gas Regulatory Authority (OGRA) is the designated body responsible for issuing notifications regarding petroleum product price changes in Pakistan. The State Bank and FBR do not manage retail fuel price notifications. [Source: https://www.dawn.com/news/2003697/govt-cuts-petrol-diesel-prices-by-rs22, 29 May 2026]
#3610
Which of the following statements regarding the May 2026 fuel price reduction is INCORRECT?
(a) The price of petrol was reduced by Rs22 per litre.
(b) The price of kerosene remained unchanged at its previous level.
(c) The price of high-speed diesel was reduced by Rs22 per litre.
(d) The Prime Minister's Office announced the relief measures.
Explanation: The statement that kerosene prices remained unchanged is incorrect, as the Oil and Gas Regulatory Authority explicitly reduced the price of kerosene from Rs313.44 to Rs272. [Source: https://www.dawn.com/news/2003697/govt-cuts-petrol-diesel-prices-by-rs22, 29 May 2026]
#3611
Following the price adjustment effective from May 9, 2026, what is the new price of petrol per litre in Pakistan?
(a) Rs378.00
(b) Rs414.78
(c) Rs414.58
(d) None of these
Explanation: The government increased the price of petrol by Rs14.92, bringing the total to Rs414.78 per litre. Option C represents the price of high-speed diesel, while option A refers to a previous price point. [Source: https://www.dawn.com/news/1998722/govt-hikes-petrol-by-rs1492-per-litre-diesel-by-rs15, 08 May 2026]
#3612
Consider the following statements about the Breathe Pakistan International Climate Change Conference: 1. The conference was a two-day event held in May 2026. 2. Senate Chairman Yousuf Raza Gilani emphasized that internal stability and regional calm are necessary for the climate agenda. 3. The conference was exclusively attended by government officials and had no representation from the private 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 and 2 are factually correct based on the event details. Statement 3 is incorrect because the conference explicitly included corporate leaders and representatives from the banking and energy sectors. [Source: https://www.dawn.com/news/1998144/breathe-pakistan-international-climate-change-conference-concludes-with-calls-for-climate-resilience-coordinated-action, 07 May 2026]
#3613
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]
#3614
Consider the following statements about the European Union's regulatory actions against Google in 2026: 1. The fines were issued due to Google favoring its own services in search results like hotels and flights. 2. Google has expressed that it may challenge the Commission's findings in court. 3. The European Commission has ceased all dialogue with Google following the imposition of these fines. 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 as Google favored its own services and has indicated potential legal recourse. Statement 3 is false because the Commission explicitly noted a 'constructive dialogue' is ongoing to ensure compliance. [Source: https://www.dawn.com/news/2017814/google-hit-with-1bn-eu-fine-in-constructive-talks-to-avoid-more-penalties, 23 Jul 2026]
#3615
Consider the following statements about the 75th-anniversary ceremony held in May 2026: 1. President Asif Ali Zardari attended the ceremony in Islamabad. 2. The ceremony marked the 75th anniversary of the establishment of diplomatic relations. 3. The Prime Minister stated that the world can move forward without China's technological and industrial contribution. 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. Statement 3 is incorrect because the Prime Minister emphasized that the world cannot move forward without China, given its industrial and technological advancements. [Source: https://www.dawn.com/news/2002044/pm-shehbaz-lauds-steadfast-pak-china-friendship-says-beijing-supported-islamabad-in-unwavering-fashion, 21 May 2026]
#3616
Following the price adjustment announced on May 22, 2026, what is the new price of petrol per litre?
(a) Rs378.00
(b) Rs402.78
(c) Rs403.78
(d) None of these
Explanation: After the reduction of Rs6 per litre, the price of petrol was set at Rs403.78 per litre. High-speed diesel was set at Rs402.78 per litre. [Source: https://www.dawn.com/news/2002321/govt-reduces-petrol-by-rs6-per-litre-high-speed-diesel-by-rs68, 22 May 2026]
#3617
Which of the following is NOT a category of business exempted from the 9pm closing time in Sindh as per the May 2026 notification?
(a) Wedding halls
(b) Shopping malls
(c) Food outlets
(d) Public sector offices
Explanation: The notification specifically exempted commercial entities like wedding halls, shopping malls, and food outlets from the 9pm closing time. Public sector offices were not included in this commercial market timing exemption. [Source: https://www.dawn.com/news/2000676/sindh-lifts-curbs-on-market-timings-minister-says-step-taken-to-facilitate-businesses-citizens, 16 May 2026]
#3618
Who announced the decision to lift market timing restrictions in Sindh on May 16, 2026?
(a) Murad Ali Shah
(b) Sharjeel Memon
(c) Saeed Ghani
(d) None of these
Explanation: Sharjeel Memon, serving as the Sindh Senior Minister, officially announced the exemption of markets and businesses from fixed closing times. Murad Ali Shah is the Chief Minister, but the specific announcement regarding this policy shift was attributed to the Senior Minister. [Source: https://www.dawn.com/news/2000676/sindh-lifts-curbs-on-market-timings-minister-says-step-taken-to-facilitate-businesses-citizens, 16 May 2026]
#3619
Consider the following statements about the market timing policies in May 2026: 1. The federal government announced a nationwide 8pm market closure policy on April 6, 2026. 2. The Sindh government's decision to lift curbs was intended to facilitate businesses and citizens. 3. The Khyber Pakhtunkhwa government requested citizens to continue observing electricity conservation measures despite lifting timing restrictions. 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 provided information. The federal government did announce the 8pm policy in April, Sindh cited facilitation as the reason for the change, and KP explicitly requested continued electricity conservation. [Source: https://www.dawn.com/news/2000676/sindh-lifts-curbs-on-market-timings-minister-says-step-taken-to-facilitate-businesses-citizens, 16 May 2026]
#3620
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]