January 2025 Edition
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January 2025 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#1921
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]
#1922
Consider the following statements about the Senate vehicle procurement controversy: 1. The vehicle was purchased during the 2024-2025 financial year. 2. The Senate Secretariat claimed the purchase was part of a transparent procurement process. 3. The vehicle was delivered to the Senate Chairperson in May 2025. 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 purchase occurred in the 2024-2025 financial year. Statement 2 is correct as the Secretariat cited a transparent procurement process. Statement 3 is incorrect because the vehicle was delivered in March 2026, not May 2025 (which was when the payment was made). [Source: https://www.dawn.com/news/1982703/rebuttal-on-purchase-of-luxury-vehicle-for-yousaf-raza-gilani-from-senate-budget-leaves-questions-unanswered, 16 Mar 2026]
#1923
Consider the following statements about the Indian bond market and macroeconomic indicators as of July 24, 2026: 1. The 10-year U.S. Treasury yield reached its highest level since January 2025. 2. Brent crude prices briefly exceeded $100 per barrel for the first time in two months. 3. The probability of a Federal Reserve rate hike in September was estimated at 30%. 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. Statement 3 is incorrect because the probability of a Federal Reserve rate hike in September was reported at 80%, while the probability for July was 30%. [Source: https://www.brecorder.com/news/40431650/india-bonds-end-three-day-losing-streak-but-post-second-straight-weekly-decline, 24 Jul 2026]
#1924
The primary surplus achieved by Pakistan during the period of July 2025 to April 2026 was:
(a) 3.5 percent of GDP
(b) 3.0 percent of GDP
(c) 2.5 percent of GDP
(d) 4.0 percent of GDP
Explanation: Effective expenditure management and revenue mobilization efforts enabled the government to achieve a primary surplus of 3.5 percent of GDP during the Jul-Apr period of the 2026 fiscal year. [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]
#1925
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]
#1926
Consider the following statements about the Indian bond market and macroeconomic indicators as of July 24, 2026: 1. The 10-year U.S. Treasury yield reached its highest level since January 2025. 2. Brent crude prices briefly exceeded $100 per barrel for the first time in two months. 3. The probability of a Federal Reserve rate hike in September was estimated at 30%. 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. Statement 3 is incorrect because the probability of a Federal Reserve rate hike in September was reported at 80%, while the probability for July was 30%. [Source: https://www.brecorder.com/news/40431650/india-bonds-end-three-day-losing-streak-but-post-second-straight-weekly-decline, 24 Jul 2026]
#1927
The primary surplus achieved by Pakistan during the period of July 2025 to April 2026 was:
(a) 3.5 percent of GDP
(b) 3.0 percent of GDP
(c) 2.5 percent of GDP
(d) 4.0 percent of GDP
Explanation: Effective expenditure management and revenue mobilization efforts enabled the government to achieve a primary surplus of 3.5 percent of GDP during the Jul-Apr period of the 2026 fiscal year. [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]
#1928
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]
#1929
Consider the following statements about the US-Pakistan trade negotiations as of July 2026: 1. Pakistan successfully negotiated a reduction in the initial IEEPA-based tariff from 29 per cent to 19 per cent in 2025. 2. The temporary global tariff of 10 per cent imposed under Section 122 is scheduled to expire on July 24, 2026. 3. India is currently facing a lower proposed tariff under Section 301 than Pakistan. 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 regarding the 2025 tariff reduction. Statement 2 is correct as the Section 122 tariff has a 150-day statutory limit expiring on July 24, 2026. Statement 3 is incorrect because India faces a 12.5% tariff, which is higher than Pakistan's 10%. [Source: https://www.dawn.com/news/2016679/finance-minister-aurangzeb-arrives-in-us-on-3-day-visit-expected-to-hold-talks-on-trade-finance-investment, 19 Jul 2026]
#1930
Consider the following statements about the State Bank of India's capital raising activities: 1. The board approved raising up to 600 billion rupees through debt in the current financial year. 2. The bank's previous perpetual bond issuance occurred in November 2025. 3. The 2026 perpetual debt issuance is designed to be Basel III-compliant. 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 regarding the 600 billion rupee board approval. Statement 3 is correct regarding Basel III compliance. Statement 2 is incorrect because the bank's previous perpetual bond issuance occurred in October 2024, whereas Canara Bank issued bonds in November 2025. [Source: https://www.brecorder.com/news/40431637/indias-sbi-to-issue-first-rupee-denominated-perpetual-debt-of-2026-sources-say, 24 Jul 2026]
#1931
Consider the following statements about the Indian bond market and macroeconomic indicators as of July 24, 2026: 1. The 10-year U.S. Treasury yield reached its highest level since January 2025. 2. Brent crude prices briefly exceeded $100 per barrel for the first time in two months. 3. The probability of a Federal Reserve rate hike in September was estimated at 30%. 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. Statement 3 is incorrect because the probability of a Federal Reserve rate hike in September was reported at 80%, while the probability for July was 30%. [Source: https://www.brecorder.com/news/40431650/india-bonds-end-three-day-losing-streak-but-post-second-straight-weekly-decline, 24 Jul 2026]
#1932
The 20 billion dollars worth of goods subject to the new tariffs represent approximately what percentage of total US imports from Canada in 2025?
(a) 5.2 percent
(b) 8.4 percent
(c) 12.1 percent
(d) 15.5 percent
Explanation: According to US Census Bureau data, the 20 billion dollars in affected goods accounts for roughly 5.2 percent of the 382 billion dollars in total imports from Canada during 2025. [Source: https://www.dawn.com/news/2017209/us-imposes-new-50pc-tariffs-on-20bn-worth-of-canadian-products, 21 Jul 2026]
#1933
Which international agreement did India unilaterally suspend following the Pahalgam attack in 2025?
(a) Simla Agreement
(b) Tashkent Declaration
(c) Lahore Declaration
(d) Indus Waters Treaty
Explanation: India suspended the Indus Waters Treaty as part of its aggressive measures against Pakistan. The other agreements listed are historical diplomatic frameworks that were not the primary target of this specific suspension. [Source: https://www.dawn.com/news/1994381/pakistan-rejects-indian-propaganda-on-pahalgam-attack-deplores-weaponisation-of-false-narrative, 23 Apr 2026]
#1934
Consider the following statements about the 2025 Pahalgam incident: 1. The attack primarily targeted tourists in the disputed Himalayan region. 2. It was the deadliest armed attack in the region since the year 2000. 3. India provided conclusive evidence linking Pakistan to the attack immediately after the incident. 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 report explicitly states that New Delhi blamed Pakistan without providing any evidence. [Source: https://www.dawn.com/news/1994381/pakistan-rejects-indian-propaganda-on-pahalgam-attack-deplores-weaponisation-of-false-narrative, 23 Apr 2026]
#1935
What was the name of the military operation conducted by Pakistan in response to Indian adventurism following the 2025 Pahalgam attack?
(a) Operation Zarb-e-Azb
(b) Operation Bunyanum Marsoos
(c) Operation Swift Retort
(d) None of these
Explanation: The Foreign Office explicitly referenced Operation Bunyanum Marsoos as the response to India's military actions in 2025. Other operations listed are either historical or unrelated to this specific timeline. [Source: https://www.dawn.com/news/1994381/pakistan-rejects-indian-propaganda-on-pahalgam-attack-deplores-weaponisation-of-false-narrative, 23 Apr 2026]
#1936
Which international agreement did India unilaterally suspend following the Pahalgam attack in 2025?
(a) Simla Agreement
(b) Tashkent Declaration
(c) Lahore Declaration
(d) Indus Waters Treaty
Explanation: India suspended the Indus Waters Treaty as part of its aggressive measures against Pakistan. The other agreements listed are historical diplomatic frameworks that were not the primary target of this specific suspension. [Source: https://www.dawn.com/news/1994381/pakistan-rejects-indian-propaganda-on-pahalgam-attack-deplores-weaponisation-of-false-narrative, 23 Apr 2026]
#1937
Consider the following statements about the 2025 Pahalgam incident: 1. The attack primarily targeted tourists in the disputed Himalayan region. 2. It was the deadliest armed attack in the region since the year 2000. 3. India provided conclusive evidence linking Pakistan to the attack immediately after the incident. 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 report explicitly states that New Delhi blamed Pakistan without providing any evidence. [Source: https://www.dawn.com/news/1994381/pakistan-rejects-indian-propaganda-on-pahalgam-attack-deplores-weaponisation-of-false-narrative, 23 Apr 2026]
#1938
What was the name of the military operation conducted by Pakistan in response to Indian adventurism following the 2025 Pahalgam attack?
(a) Operation Zarb-e-Azb
(b) Operation Bunyanum Marsoos
(c) Operation Swift Retort
(d) None of these
Explanation: The Foreign Office explicitly referenced Operation Bunyanum Marsoos as the response to India's military actions in 2025. Other operations listed are either historical or unrelated to this specific timeline. [Source: https://www.dawn.com/news/1994381/pakistan-rejects-indian-propaganda-on-pahalgam-attack-deplores-weaponisation-of-false-narrative, 23 Apr 2026]
#1939
Which international agreement did India unilaterally suspend following the Pahalgam attack in 2025?
(a) Simla Agreement
(b) Tashkent Declaration
(c) Lahore Declaration
(d) Indus Waters Treaty
Explanation: India suspended the Indus Waters Treaty as part of its aggressive measures against Pakistan. The other agreements listed are historical diplomatic frameworks that were not the primary target of this specific suspension. [Source: https://www.dawn.com/news/1994381/pakistan-rejects-indian-propaganda-on-pahalgam-attack-deplores-weaponisation-of-false-narrative, 23 Apr 2026]
#1940
Consider the following statements about the 2025 Pahalgam incident: 1. The attack primarily targeted tourists in the disputed Himalayan region. 2. It was the deadliest armed attack in the region since the year 2000. 3. India provided conclusive evidence linking Pakistan to the attack immediately after the incident. 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 report explicitly states that New Delhi blamed Pakistan without providing any evidence. [Source: https://www.dawn.com/news/1994381/pakistan-rejects-indian-propaganda-on-pahalgam-attack-deplores-weaponisation-of-false-narrative, 23 Apr 2026]