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.
#3621
Consider the following statements about the fuel price situation in 2026: 1. The government reduced petrol prices for two consecutive weeks in May 2026. 2. The global fuel crunch was exacerbated by the conflict involving Iran. 3. The Petroleum Minister announced an increase in fuel prices on April 2, 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: All three statements are factually accurate based on the provided information regarding the 2026 fuel price trends and the geopolitical context of the energy crisis. [Source: https://www.dawn.com/news/2002321/govt-reduces-petrol-by-rs6-per-litre-high-speed-diesel-by-rs68, 22 May 2026]
#3622
Following the price revision on May 15, 2026, what is the new price of petrol per litre in Pakistan?
(a) Rs378.00
(b) Rs415.50
(c) Rs409.78
(d) Rs420.25
Explanation: According to the official notification, the price of petrol was set at Rs409.78 per litre following the Rs5 reduction. Rs378.00 was a previous price point mentioned in the context of earlier fiscal adjustments. [Source: https://www.dawn.com/news/2000498/govt-reduces-petrol-diesel-prices-by-rs5, 15 May 2026]
#3623
Consider the following statements about the current tomato supply chain in Pakistan: 1. The Balochistan crop is currently the primary source of domestic supply. 2. Iranian tomatoes are arriving in large quantities, exceeding 50 containers per day. 3. The tomato crop in Punjab and Khyber Pakhtunkhwa typically arrives in the May-June period. 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 Balochistan is the current supplier. Statement 3 is correct regarding the seasonal arrival of crops in Punjab and KP. Statement 2 is incorrect because imports are arriving in very small quantities, averaging only 10 containers per day. [Source: https://www.dawn.com/news/2017429/iranian-tomatoes-fail-to-ease-prices, 22 Jul 2026]
#3624
Which of the following statements regarding the status of the Strait of Hormuz as of May 18, 2026, is INCORRECT?
(a) Shipping traffic has returned to pre-war status following the April ceasefire.
(b) Iran has implemented a system to charge ships for traversing the strait.
(c) The PGSA provides real-time updates on operations within the strait.
(d) Iran has sent formal regulations to ships passing through the waterway.
Explanation: Iran has explicitly stated that maritime traffic would not return to its pre-war status, making the incorrect statement. The other options accurately reflect the current operational changes implemented by Iran. [Source: https://www.dawn.com/news/2001272/iran-officially-announces-new-body-to-manage-strait-of-hormuz-top-security-council, 18 May 2026]
#3625
What is the name of the new body established by Iran to manage the Strait of Hormuz as of May 18, 2026?
(a) Persian Gulf Strait Authority
(b) Hormuz Maritime Command
(c) Strait Sovereignty Council
(d) None of these
Explanation: The Persian Gulf Strait Authority (PGSA) was announced by Iran's Supreme National Security Council to provide real-time updates and manage traffic. The other options are plausible-sounding distractors but do not represent the official entity. [Source: https://www.dawn.com/news/2001272/iran-officially-announces-new-body-to-manage-strait-of-hormuz-top-security-council, 18 May 2026]
#3626
Consider the following statements regarding the diplomatic engagements of May 27, 2026: 1. The Prime Minister discussed the potential for a US-Iran peace deal to unlock economic potential. 2. The Malaysian Prime Minister described Pakistan's role in the Gulf ceasefire as remarkable. 3. The Kuwaiti leadership expressed reservations regarding Pakistan's mediation efforts. 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 diplomatic exchanges. Statement 3 is incorrect because the Kuwaiti leadership was reported to be fully supportive of Pakistan's mediation efforts, not reserved. [Source: https://www.dawn.com/news/2003497/us-iran-peace-deal-could-benefit-entire-region-pm-tells-pezeshkian-in-eid-call, 27 May 2026]
#3627
Which Malaysian leader appreciated Pakistan's role in the ceasefire in the Gulf during a conversation on May 27, 2026?
(a) Mahathir Mohamad
(b) Anwar Ibrahim
(c) Ismail Sabri Yaakob
(d) Muhyiddin Yassin
Explanation: Malaysian Prime Minister Dr. Anwar Ibrahim held a telephonic conversation with PM Shehbaz Sharif to appreciate Pakistan's role in the Gulf ceasefire. The other options represent former Malaysian leaders who were not involved in this specific diplomatic exchange. [Source: https://www.dawn.com/news/2003497/us-iran-peace-deal-could-benefit-entire-region-pm-tells-pezeshkian-in-eid-call, 27 May 2026]
#3628
What was the unemployment rate in the United States as of the May 2026 report?
(a) 4.3 percent
(b) 4.1 percent
(c) 3.8 percent
(d) 4.5 percent
Explanation: The unemployment rate remained firm at 4.3 percent according to the May 2026 data. This stability in the labor market contributed to the market's belief that the Federal Reserve would maintain a hawkish stance. [Source: https://www.dawn.com/news/2005508/wall-street-ends-sharply-lower-as-chips-slide-jobs-data-fuels-rate-hike-fears, 05 Jun 2026]
#3629
According to the Ministry of Finance, the current account recorded a surplus of how much during the period of July 2025 to May 2026?
(a) 155 million dollars
(b) 255 million dollars
(c) 355 million dollars
(d) None of these
Explanation: The external sector remained stable, with the current account recording a surplus of 255 million dollars during the Jul-May period of the 2026 fiscal year, supported by remittances and IT exports. [Source: https://www.dawn.com/news/2011978/govt-expects-easing-inflationary-pressure-in-new-fiscal-year-following-reopening-of-strait-of-hormuz, 30 Jun 2026]
#3630
The IMF executive board meeting scheduled for May 8, 2026, is intended to approve a disbursement of approximately how much total funding to Pakistan?
(a) $4.5 billion
(b) $1.2 billion
(c) $7.0 billion
(d) $1.47 trillion
Explanation: The IMF board is meeting to approve a disbursement of over $1.2 billion, comprising $1 billion from the EFF and $210 million from the RSF. While $4.5 billion represents the total cumulative disbursement under these arrangements, the specific upcoming tranche is $1.2 billion. [Source: https://www.dawn.com/news/1995256/imf-executive-board-to-meet-on-may-8-to-approve-disbursement-of-over-12bn-to-pakistan, 26 Apr 2026]
#3631
Consider the following statements regarding the energy sector meeting held on May 2, 2026: 1. The Prime Minister directed authorities to prioritize relief for both industrial and domestic consumers. 2. The government is exploring the use of advanced technology to enhance digital facilities for bill payments. 3. The meeting concluded with a decision to immediately abolish all fixed charges on electricity bills. 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 Prime Minister's directives on consumer relief and digital modernization. Statement 3 is incorrect because the government did not announce the abolition of fixed charges, despite public suggestions. [Source: https://www.dawn.com/news/1996962/pm-shehbaz-orders-formulation-of-strategy-to-stabilise-electricity-tariffs, 02 May 2026]
#3632
Consider the following statements about the diplomatic developments in April 2026: 1. The US-Iran talks in Islamabad concluded with a formal peace agreement signed by both delegations. 2. President Asif Ali Zardari praised the coordination between the civilian government and state institutions during the mediation process. 3. Negotiating teams from the US and Iran may return to Islamabad for further rounds of talks. 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 incorrect because the talks concluded without a formal agreement, although they did not result in a breakdown. Statements 2 and 3 are factually accurate based on the official reports regarding the mediation success and the potential for future rounds. [Source: https://www.dawn.com/news/1991689/pm-takes-president-into-confidence-on-us-iran-talks-briefs-him-on-upcoming-visits-to-saudi-arabia-turkiye, 14 Apr 2026]
#3633
Who is the current Mayor of New York whose official residence was the site of the protest on March 8, 2026?
(a) Eric Adams
(b) Zohran Mamdani
(c) Bill de Blasio
(d) None of these
Explanation: Zohran Mamdani is the Mayor of New York whose residence, Gracie Mansion, was the location of the protest. Eric Adams and Bill de Blasio are former mayors, making them incorrect. [Source: https://www.dawn.com/news/1979791/new-york-police-probe-man-for-throwing-ignited-devices-near-anti-muslim-protest-in-front-of-mayor-mamdanis-house, 08 Mar 2026]
#3634
At which venue was the 11th HBL Pakistan Super League final held on May 3, 2026?
(a) Gaddafi Stadium, Lahore
(b) National Bank Stadium, Karachi
(c) Rawalpindi Cricket Stadium, Rawalpindi
(d) Multan Cricket Stadium, Multan
Explanation: The final match of the 11th edition of the PSL took place at the Gaddafi Stadium in Lahore. Other venues listed are major cricket stadiums in Pakistan but did not host this specific final. [Source: https://www.dawn.com/news/1997223/peshawar-zalmi-beat-hyderabad-kingsmen-by-5-wickets-lift-psl-trophy-a-second-time, 03 May 2026]
#3635
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]
#3636
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]
#3637
Consider the following statements about the diplomatic situation in April 2026: 1. Prime Minister Shehbaz Sharif visited Riyadh, Doha, and Istanbul as part of Pakistan's diplomatic outreach. 2. President Trump claimed that Iran had agreed to abandon its nuclear weapons program. 3. The US-Iran ceasefire was set to expire in early 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 Prime Minister conducted a tour of these cities. Statement 2 is correct as Trump claimed Iran agreed to give up its nuclear program. Statement 3 is incorrect because the ceasefire was set to expire 'next week' from April 16, 2026, not in May. [Source: https://www.dawn.com/news/1992383/trump-says-if-iran-deal-is-reached-and-signed-in-islamabad-i-might-go-there, 16 Apr 2026]
#3638
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]
#3639
Which of the following statements regarding the May 10, 2026, attack in Bannu is INCORRECT?
(a) The attack involved a vehicle laden with explosives.
(b) The rescue operation was concluded by Rescue 1122 on Sunday morning.
(c) The police post remained largely intact despite the intensity of the blast.
(d) Terrorists opened heavy fire following the initial explosion.
Explanation: The statement that the police post remained intact is false; reports confirm the post was completely destroyed by the powerful blast. The other statements accurately reflect the events of the attack. [Source: https://www.dawn.com/news/1999132/15-police-personnel-martyred-in-bannu-suicide-attack, 10 May 2026]
#3640
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]