May 2025 Edition
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May 2025 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#3221
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]
#3222
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]
#3223
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]
#3224
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]
#3225
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]
#3226
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]
#3227
Which global event is scheduled to be hosted by Azerbaijan in May 2026?
(a) International Peace Dialogue
(b) Global Energy Summit
(c) Regional Trade Conference
(d) World Urban Forum
Explanation: The Prime Minister expressed his best wishes for the success of the upcoming World Urban Forum, which is being hosted by Azerbaijan. This event serves as a platform for advancing the global urban development agenda. [Source: https://www.dawn.com/news/1999715/pm-shehbaz-azerbaijans-president-aliyev-discuss-peace-efforts-in-mideast-pmo, 12 May 2026]
#3228
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]
#3229
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]
#3230
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]
#3231
Who is the current Power Minister of Pakistan as of May 2026?
(a) Awais Leghari
(b) Musadik Malik
(c) Khurram Dastgir
(d) None of these
Explanation: Awais Leghari is the serving Power Minister who addressed the press conference regarding the status of negotiations with Chinese power producers. The other names listed are former ministers who have held the portfolio in previous administrations. [Source: https://www.dawn.com/news/2004161/no-sufficient-outcome-yet-of-talks-to-secure-discounts-from-chinese-power-producers-leghari, 31 May 2026]
#3232
Consider the following statements about the current status of Pakistan's power sector negotiations: 1. Negotiations with CPEC-related power producers have resulted in significant tariff reductions as of May 2026. 2. The government is constrained by government-to-government frameworks when renegotiating CPEC energy contracts. 3. The government has successfully reduced the budgeted power sector subsidy from Rs1.287 trillion to Rs890 billion for the current year. 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 minister stated there has been 'no sufficient outcome' regarding CPEC-related negotiations. Statements 2 and 3 are factually accurate based on the minister's briefing regarding the framework constraints and the reduction in subsidy figures. [Source: https://www.dawn.com/news/2004161/no-sufficient-outcome-yet-of-talks-to-secure-discounts-from-chinese-power-producers-leghari, 31 May 2026]
#3233
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]
#3234
Consider the following statements about the US-China summit in May 2026: 1. This visit marks the first time a US president has visited China in nearly ten years. 2. President Trump initially delayed the visit from March due to the war in the Middle East. 3. The US delegation includes the Secretary of State and the Secretary of Defence. 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 report. The visit is the first in nearly a decade, the delay was caused by the Middle East conflict, and both the Secretary of State (Marco Rubio) and Secretary of Defence (Pete Hegseth) were confirmed to be on the flight. [Source: https://www.dawn.com/news/1999895/trump-arrives-in-beijing-for-high-stakes-meeting-with-chinese-president-xi, 13 May 2026]
#3235
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]
#3236
Consider the following statements about the BPS-2026 notification: 1. The new pay scales apply to federal civil employees paid from both civil and defence estimates. 2. Employees posted abroad are eligible to receive the Ad hoc Relief Allowance-2026 during their foreign tenure. 3. The 2022 and 2025 ad hoc relief allowances were abolished upon the implementation of the new scales. 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 notification covers both civil and defence estimates. Statement 3 is correct as the 2022 and 2025 allowances were merged and abolished. Statement 2 is incorrect because employees posted abroad are explicitly excluded from receiving the allowance during their foreign posting. [Source: https://www.brecorder.com/news/40431195/salary-increase-notified-govt-issues-revised-bps-2026-for-civil-servants, 22 Jul 2026]
#3237
As of May 31, 2026, what was the total value of assets managed by India's portfolio management services industry?
(a) 18.07 trillion rupees
(b) 42.61 trillion rupees
(c) 55.30 trillion rupees
(d) None of these
Explanation: The assets managed by the Indian portfolio management services industry reached 42.61 trillion rupees by May 31, 2026. The figure of 18.07 trillion rupees represents the industry's asset size in April 2019. [Source: https://www.brecorder.com/news/40431463/indias-sebi-proposes-allowing-portfolio-managers-to-invest-overseas-in-to-be-listed-securities, 23 Jul 2026]
#3238
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]
#3239
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]
#3240
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]