July 2025 Edition
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July 2025 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#5901
Which of the following statements regarding the Australian market performance on July 27, 2026, is INCORRECT?
(a) The S&P/ASX 200 index rose to 8,851.30 points.
(b) Technology stocks jumped by 3.8%.
(c) Miners gained 2.1% during the session.
(d) The benchmark index fell by 0.9% on the previous Friday.
Explanation: The benchmark index fell by 0.8% on the previous Friday, not 0.9%. The other statements accurately reflect the market data from the session. [Source: https://www.brecorder.com/news/40431982/australian-shares-rise-nearly-1-as-middle-east-de-escalation-boosts-sentiment, 27 Jul 2026]
#5902
Which of the following statements regarding the impact of the July 2026 oil price decline on the US economy is INCORRECT?
(a) It guarantees an immediate interest rate cut by the Federal Reserve.
(b) It provides the Federal Reserve with greater policy flexibility.
(c) It is expected to ease inflationary pressures.
(d) It follows a period where Brent crude had surged to $102 per barrel.
Explanation: While the decline in oil prices provides policy flexibility, it does not guarantee an interest rate cut, as market expectations were leaning toward a status quo or a future hike. The other statements accurately reflect the economic context described. [Source: https://www.brecorder.com/news/40431972/indian-bonds-rebound-as-easing-middle-east-tensions-drag-oil-lower, 27 Jul 2026]
#5903
What is the total amount of subsidies approved by the Economic Coordination Committee (ECC) for export promotion schemes on July 28, 2026?
(a) Rs155 billion
(b) Rs455 billion
(c) Rs355 billion
(d) Rs255 billion
Explanation: The ECC approved Rs255 billion in subsidies to boost exports through three distinct incentive schemes. This funding is intended to address the stagnation of annual exports at the $30 billion mark. [Source: https://www.dawn.com/news/2018926/ecc-okays-rs255bn-for-export-boosting-schemes, 28 Jul 2026]
#5904
Consider the following statements about the market reaction on July 27, 2026: 1. Indian government bonds experienced a surge in yields due to rising oil prices. 2. The 10-year US Treasury yield eased to 4.64%. 3. Market participants assigned a 66% probability of a status quo in the upcoming Federal Reserve interest rate decision. 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 Indian bond yields fell (rebounded) as oil prices decreased, not increased. Statements 2 and 3 are factually accurate according to the market data provided for the specified date. [Source: https://www.brecorder.com/news/40431972/indian-bonds-rebound-as-easing-middle-east-tensions-drag-oil-lower, 27 Jul 2026]
#5905
Who presided over the Economic Coordination Committee meeting held on July 27, 2026, where the export subsidy package was approved?
(a) Finance Minister
(b) Minister for Commerce
(c) Prime Minister
(d) Governor State Bank
Explanation: Finance Minister Muhammad Aurangzeb chaired the ECC meeting that approved the export-boosting schemes. The committee is a key executive body responsible for economic decision-making in Pakistan. [Source: https://www.dawn.com/news/2018926/ecc-okays-rs255bn-for-export-boosting-schemes, 28 Jul 2026]
#5906
Consider the following statements about the Australian market on July 27, 2026: 1. The S&P/NZX 50 index in New Zealand fell by 0.4%. 2. Financials rose to their highest level since April 22, 2026. 3. Markets have priced in a 50% chance of a rate hike at the next central bank meeting. 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 correct. Statement 3 is incorrect because the market priced in nearly a 30% chance of a rate hike, not 50%. [Source: https://www.brecorder.com/news/40431982/australian-shares-rise-nearly-1-as-middle-east-de-escalation-boosts-sentiment, 27 Jul 2026]
#5907
What was the primary reason for the recent decline in Brent crude oil prices as of July 27, 2026?
(a) A global surplus in oil production
(b) A tentative truce between the US and Iran
(c) A significant drop in global industrial demand
(d) None of these
Explanation: Brent crude fell by more than 4% due to a tentative truce between the US and Iran, which halted a series of retaliatory attacks. This de-escalation reduced the geopolitical risk premium that had previously pushed oil prices above $100 per barrel. [Source: https://www.brecorder.com/news/40431973/copper-gains-on-mideast-de-escalation-oil-price-drop, 27 Jul 2026]
#5908
Consider the following statements about the global commodity market as of July 27, 2026: 1. High energy prices are generally associated with increased inflation expectations and higher interest rates. 2. Copper is considered a growth-dependent commodity that can be negatively impacted by high interest rates. 3. The US dollar index has a negligible impact on the pricing of commodities traded in the greenback. 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 standard economic relationships between energy costs, interest rates, and industrial demand. Statement 3 is incorrect because the US dollar index has a significant inverse relationship with commodity prices; a weaker dollar typically makes commodities cheaper for foreign buyers, thereby supporting prices. [Source: https://www.brecorder.com/news/40431973/copper-gains-on-mideast-de-escalation-oil-price-drop, 27 Jul 2026]
#5909
Who is the current Petroleum Minister of Pakistan as of July 27, 2026?
(a) Musadik Malik
(b) Khaleeq Kiani
(c) Abidullah Afridi
(d) Ali Pervaiz Malik
Explanation: Ali Pervaiz Malik is the Petroleum Minister who held discussions with the Oil Tankers Contractors Association. Abidullah Afridi is the president of the OTCA, not the minister. [Source: https://www.dawn.com/news/2018766/petroleum-minister-hints-at-fuel-price-relief-after-pakistans-oil-cargoes-clear-bab-al-mandeb, 27 Jul 2026]
#5910
Which of the following factors is NOT cited as a reason for the market rally on July 27, 2026?
(a) An immediate reduction in the SBP policy rate
(b) A sharp decline in global oil prices
(c) Easing geopolitical tensions in the Middle East
(d) Improved investor sentiment following a pause in combat
Explanation: The SBP maintained the policy rate at 11.5 percent rather than reducing it. Therefore, an immediate reduction in the policy rate is an incorrect statement regarding the events of that day. [Source: https://www.dawn.com/news/2018715/psx-opens-week-in-the-green-gains-more-than-7000-points-to-close-above-178000-mark, 27 Jul 2026]
#5911
Which of the following companies was among the leading performers contributing to the PSX benchmark index rally on July 27, 2026?
(a) Engro Fertilizers
(b) Lucky Cement
(c) United Bank Limited
(d) None of these
Explanation: While UBL, FFC, ENGROH, MEBL, and LUCK were identified as leading contributors, the options provided (Engro Fertilizers, Lucky Cement, United Bank Limited) are individual entities. Since all three are correct, 'None of these' is the appropriate choice as it implies none of the single-option choices exclusively represent the list of top performers. [Source: https://www.dawn.com/news/2018715/psx-opens-week-in-the-green-gains-more-than-7000-points-to-close-above-178000-mark, 27 Jul 2026]
#5912
The KSE-100 index closed above which of the following thresholds on July 27, 2026?
(a) 168,000 points
(b) 198,000 points
(c) 188,000 points
(d) 178,000 points
Explanation: The KSE-100 index gained over 7,000 points to close at 178,262.33, successfully crossing the 178,000-point threshold. [Source: https://www.dawn.com/news/2018715/psx-opens-week-in-the-green-gains-more-than-7000-points-to-close-above-178000-mark, 27 Jul 2026]
#5913
Following the price revision on July 28, 2026, what is the new retail price of high-speed diesel per litre?
(a) Rs335.81
(b) Rs520.35
(c) Rs458.41
(d) Rs388.38
Explanation: The retail price of high-speed diesel was set at Rs388.38 per litre following the July 2026 adjustment. Rs335.81 is the new price for petrol. [Source: https://www.dawn.com/news/2019031/govt-increases-petrol-price-by-rs163-hsd-price-by-rs155, 28 Jul 2026]
#5914
On July 27, 2026, the State Bank of Pakistan maintained the policy rate at which of the following levels?
(a) 10.5 percent
(b) 12.5 percent
(c) 11.5 percent
(d) 13.5 percent
Explanation: The State Bank of Pakistan maintained the policy rate at 11.5 percent during the announcement on July 27, 2026. Analysts viewed this as a cautious stance given the prevailing regional geopolitical tensions. [Source: https://www.dawn.com/news/2018715/psx-opens-week-in-the-green-gains-more-than-7000-points-to-close-above-178000-mark, 27 Jul 2026]
#5915
Consider the following statements about the PSX performance on July 27, 2026: 1. The KSE-100 index gained more than 7,000 points during the session. 2. The market rally was partially attributed to the resumption of shipping through the Strait of Hormuz. 3. The index reached an intra-day peak of over 178,500 points. 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 market data from July 27, 2026. The index gained 7,241.13 points, investor sentiment improved due to hopes for shipping resumption, and the intra-day peak was 178,588.33 points. [Source: https://www.dawn.com/news/2018715/psx-opens-week-in-the-green-gains-more-than-7000-points-to-close-above-178000-mark, 27 Jul 2026]
#5916
Which of the following is NOT a proposal or promise made by the PPP Chairman regarding AJK in his July 19, 2026, address?
(a) Ensuring the right to self-government
(b) Immediate annexation of AJK into the federal cabinet
(c) Creating employment opportunities for the youth
(d) Formation of a truth and reconciliation commission
Explanation: The PPP Chairman advocated for provisional representation in federal bodies and self-governance, but he did not propose the immediate annexation of AJK into the federal cabinet. The other options are accurate reflections of his stated policy goals. [Source: https://www.dawn.com/news/2016735/bilawal-seeks-better-results-in-upcoming-ajk-elections-as-ppp-hopes-to-form-govt, 19 Jul 2026]
#5917
The upcoming AJK regional elections mentioned in the July 19, 2026, address were scheduled for which date?
(a) July 27, 2026
(b) August 12, 2026
(c) July 30, 2026
(d) None of these
Explanation: The regional elections in AJK were scheduled for July 27, 2026, as stated during the rally held on July 19, 2026. None of the other dates provided correspond to the election schedule mentioned. [Source: https://www.dawn.com/news/2016735/bilawal-seeks-better-results-in-upcoming-ajk-elections-as-ppp-hopes-to-form-govt, 19 Jul 2026]
#5918
The government's petroleum and carbon levy was announced in June 2025 as part of a commitment to which international organization?
(a) World Bank
(b) Asian Development Bank
(c) World Trade Organization
(d) International Monetary Fund
Explanation: The petroleum and carbon levy was implemented under an agreement with the International Monetary Fund (IMF). The World Bank and ADB are common distractors in fiscal policy contexts but were not the primary parties to this specific levy agreement. [Source: https://www.dawn.com/news/2017280/jamaat-i-islami-announces-nationwide-road-blockade-against-petroleum-levy, 21 Jul 2026]
#5919
Consider the following statements about the PPP's political stance in AJK as of July 19, 2026: 1. The PPP has been part of the government in AJK for the past six months. 2. The PPP Chairman proposed that AJK should have representation in the National Finance Commission. 3. The PPP is currently in a coalition government at the federal level led by the PML-N. 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 address: the PPP has been in the AJK government for six months, the Chairman proposed representation in the National Finance Commission, and the party is part of the federal coalition led by Shehbaz Sharif. [Source: https://www.dawn.com/news/2016735/bilawal-seeks-better-results-in-upcoming-ajk-elections-as-ppp-hopes-to-form-govt, 19 Jul 2026]
#5920
Consider the following statements about Pakistan's economic indicators as of July 2026: 1. The IMF's Extended Fund Facility (EFF) programme was critical in restoring macroeconomic stability. 2. Pakistan's short-term credit rating was downgraded to 'B-' following the long-term rating upgrade. 3. The government's external principal payments over the next 12 months are estimated at $16.4 billion. 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 EFF was vital for stability. Statement 3 is correct regarding the $16.4 billion payment obligation. Statement 2 is incorrect because the short-term rating remained steady at 'B', not downgraded. [Source: https://www.dawn.com/news/2017530/sampp-global-ratings-upgrades-pakistans-sovereign-credit-rating-to-b, 22 Jul 2026]