April 2026 Edition
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April 2026 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#361
Consider the following statements about the petroleum fiscal policy in Pakistan as of June 2026: 1. The government charges a climate support levy on petroleum products. 2. Petrol and high-speed diesel are the primary revenue earners among petroleum products. 3. The government revises petroleum prices on a monthly basis. 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 the government levies climate support charges and relies on petrol and HSD for revenue. Statement 3 is incorrect because the government currently revises these prices on a weekly basis, not monthly. [Source: https://www.dawn.com/news/2007376/govt-slashes-petrol-price-by-rs4-diesel-by-rs2, 12 Jun 2026]
#362
What is the total budgetary outlay for the fiscal year 2026-27 as presented by the Finance Minister?
(a) Rs15.2 trillion
(b) Rs12.9 trillion
(c) Rs18.8 trillion
(d) Rs20.5 trillion
Explanation: The federal budget for FY2026-27 was announced with a total outlay of Rs18.8 trillion. This figure represents the government's primary fiscal plan for the upcoming year. [Source: https://www.dawn.com/news/2007283/govt-unveils-rs188tr-budget-for-fy2026-27-gdp-growth-targeted-at-4pc, 12 Jun 2026]
#363
Consider the following statements about the 2026-27 federal budget: 1. The budget includes a flagship $1 billion initiative for the National Artificial Intelligence Ecosystem Development Programme. 2. The Final Tax Regime for IT and freelance exporters has been extended until FY30. 3. The federal government has allocated Rs8,045 billion specifically for markup payments. 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 budget speech. The AI initiative is a $1 billion flagship project, the IT tax regime extension is set for three years until FY30, and the markup payment allocation is confirmed at Rs8,045 billion. [Source: https://www.dawn.com/news/2007283/govt-unveils-rs188tr-budget-for-fy2026-27-gdp-growth-targeted-at-4pc, 12 Jun 2026]
#364
Which of the following statements regarding the 2026-27 budget is INCORRECT?
(a) The average inflation is projected at 8.2 percent.
(b) The government has proposed a 15 percent increase in the salaries and pensions of government employees.
(c) Taxes on sanitary pads and contraceptives have been completely withdrawn.
(d) The fiscal deficit is targeted to be contained at 3.6 percent of GDP.
Explanation: The budget proposed a 7 percent raise in salaries and pensions for government employees, not 15 percent. The other statements accurately reflect the fiscal projections and policy changes announced in the budget. [Source: https://www.dawn.com/news/2007283/govt-unveils-rs188tr-budget-for-fy2026-27-gdp-growth-targeted-at-4pc, 12 Jun 2026]
#365
What is the targeted GDP growth rate for Pakistan in the fiscal year 2026-27?
(a) 3.5 percent
(b) 5.0 percent
(c) 4.5 percent
(d) 4.0 percent
Explanation: The government has set a GDP growth target of 4 percent for the fiscal year 2026-27 as part of its economic stabilization and growth strategy. [Source: https://www.dawn.com/news/2007374/finmin-aurangzeb-says-govt-committed-to-reducing-tax-burden-by-widening-tax-net, 12 Jun 2026]
#366
Consider the following statements about the recent petroleum sector developments: 1. The government has committed to submitting a summary regarding dealers' margins to the federal cabinet. 2. The APPPOA demanded that fuel prices be fixed on a monthly basis permanently. 3. The government has utilized approximately Rs100 billion to mitigate the impact of rising fuel prices since February 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 minister confirmed a summary would be submitted. Statement 3 is correct regarding the fiscal support provided. Statement 2 is incorrect because the association was negotiating the transition from the new daily system, not demanding a permanent monthly fix as a primary condition. [Source: https://www.dawn.com/news/2017561/petrol-pump-owners-defer-strike-call-after-talks-with-petroleum-minister, 22 Jul 2026]
#367
Who currently serves as the Petroleum Minister of Pakistan as of July 2026?
(a) Nadeem Aziz Khan
(b) Ali Pervaiz Malik
(c) Khaleeq Kiani
(d) None of these
Explanation: Ali Pervaiz Malik is the Petroleum Minister who led the negotiations with the APPPOA. Nadeem Aziz Khan is the Information Secretary of the association, and Khaleeq Kiani is a journalist. [Source: https://www.dawn.com/news/2017561/petrol-pump-owners-defer-strike-call-after-talks-with-petroleum-minister, 22 Jul 2026]
#368
What is the total size of the federal budget unveiled for the fiscal year 2026-27?
(a) Rs 15.5 trillion
(b) Rs 18.8 trillion
(c) Rs 20.2 trillion
(d) None of these
Explanation: The federal budget for the fiscal year 2026-27 was announced at Rs 18.8 trillion. This figure represents the government's primary fiscal planning document for the upcoming year. [Source: https://www.dawn.com/news/2007374/finmin-aurangzeb-says-govt-committed-to-reducing-tax-burden-by-widening-tax-net, 12 Jun 2026]
#369
Which of the following is NOT a stated concern or position of the PPP regarding the upcoming 2026-27 budget?
(a) Support for immediate reduction in development spending
(b) Preference for a broader tax base over taxing the existing base
(c) Dissatisfaction with the budget in its current form
(d) Opposition to the imposition of new taxes
Explanation: The PPP emphasized the need for development spending and inclusive growth, rather than supporting a reduction in such expenditures. The other three options accurately reflect the party's stated positions during the consultations. [Source: https://www.dawn.com/news/2004970/another-meeting-expected-as-pml-n-ppp-continue-budget-discussions-ahead-of-june-10-presentation, 03 Jun 2026]
#370
Consider the following statements about the 2026-27 budget consultations: 1. The consultations were influenced by new fiscal demands from the IMF. 2. The FBR Chairman participated in the discussions regarding tax measures. 3. The budget presentation date was finalized as June 10, 2026, by the Prime Minister alone without coalition input. 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 the IMF demands were a central topic and the FBR Chairman was present. Statement 3 is incorrect because the date was decided through a unanimous recommendation by the coalition partners to the Prime Minister. [Source: https://www.dawn.com/news/2004970/another-meeting-expected-as-pml-n-ppp-continue-budget-discussions-ahead-of-june-10-presentation, 03 Jun 2026]
#371
Which of the following statements regarding the fuel price adjustments on June 5, 2026, is INCORRECT?
(a) The price of high-speed diesel was kept unchanged.
(b) The price of kerosene was increased by Rs10 per litre.
(c) The government charges a climate support levy on fuel.
(d) The price of petrol was reduced by Rs4 per litre.
Explanation: There is no mention of a Rs10 increase for kerosene in the policy update. The other three statements accurately reflect the fiscal measures taken by the government. [Source: https://www.dawn.com/news/2005447/govt-reduces-petrol-price-by-rs4-keeps-diesel-price-unchanged, 05 Jun 2026]
#372
On what date is the federal budget for the fiscal year 2026-27 scheduled to be presented in the National Assembly?
(a) June 07, 2026
(b) June 10, 2026
(c) June 15, 2026
(d) June 20, 2026
Explanation: The government and coalition partners officially agreed to recommend that the budget be tabled on June 10, 2026. Other dates provided are distractors related to the surrounding political timeline. [Source: https://www.dawn.com/news/2004970/another-meeting-expected-as-pml-n-ppp-continue-budget-discussions-ahead-of-june-10-presentation, 03 Jun 2026]
#373
Who currently serves as the Finance Minister of Pakistan involved in the 2026-27 budget consultations?
(a) Ishaq Dar
(b) Muhammad Aurangzeb
(c) Bilal Azhar Kayani
(d) None of these
Explanation: Senator Muhammad Aurangzeb is the incumbent Finance Minister. Ishaq Dar serves as the Deputy Prime Minister and Foreign Minister, while Bilal Azhar Kayani is a Minister of State. [Source: https://www.dawn.com/news/2004970/another-meeting-expected-as-pml-n-ppp-continue-budget-discussions-ahead-of-june-10-presentation, 03 Jun 2026]
#374
What is the current ex-depot price of high-speed diesel (HSD) as of June 5, 2026?
(a) Rs377.79
(b) Rs380.78
(c) Rs381.78
(d) None of these
Explanation: The government maintained the price of high-speed diesel at Rs380.78 per litre. The other values represent the previous or adjusted price of petrol. [Source: https://www.dawn.com/news/2005447/govt-reduces-petrol-price-by-rs4-keeps-diesel-price-unchanged, 05 Jun 2026]
#375
Consider the following statements about fuel pricing in Pakistan as of June 5, 2026: 1. The government has implemented four consecutive weekly reductions in petrol prices. 2. The cumulative decline in petrol prices over the four-week period is approximately Rs37 per litre. 3. Monthly sales demand for kerosene is significantly higher than that of petrol and high-speed diesel. 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 based on the reported data. Statement 3 is incorrect because kerosene demand is only 10,000 tonnes, whereas petrol and HSD demand is 700,000 to 800,000 tonnes. [Source: https://www.dawn.com/news/2005447/govt-reduces-petrol-price-by-rs4-keeps-diesel-price-unchanged, 05 Jun 2026]
#376
In the context of the 2026-27 budget preparations, which body is responsible for coordinating economic policies between the federal and provincial governments?
(a) National Finance Commission
(b) Economic Coordination Committee
(c) Council of Common Interests
(d) National Economic Council
Explanation: The National Economic Council (NEC) is the constitutional body responsible for reviewing the overall economic condition of the country and coordinating economic policies between the federal and provincial governments. While the NFC Award deals with revenue distribution, the NEC is the primary body for development budget oversight. [Source: https://www.dawn.com/news/2006413/president-zardari-summons-na-senate-sessions-on-june-10, 09 Jun 2026]
#377
The National Assembly session summoned by President Zardari on June 10, 2026, was identified as which session of the 16th National Assembly?
(a) 26th session
(b) 27th session
(c) 28th session
(d) None of these
Explanation: The official notification issued by the presidency confirmed that the session convened on June 10, 2026, was the 28th session of the 16th National Assembly. The other options are incorrect as they do not align with the official parliamentary record for that date. [Source: https://www.dawn.com/news/2006413/president-zardari-summons-na-senate-sessions-on-june-10, 09 Jun 2026]
#378
Who is the current Finance Minister of Pakistan responsible for presenting the federal budget for FY2026-27?
(a) Ishaq Dar
(b) Muhammad Aurangzeb
(c) Shaukat Tarin
(d) None of these
Explanation: Muhammad Aurangzeb is the incumbent Finance Minister tasked with presenting the federal budget. Ishaq Dar and Shaukat Tarin are former finance ministers and serve as incorrect distractors. [Source: https://www.dawn.com/news/2006648/finance-minister-aurangzeb-to-present-budget-for-fy2026-27-on-june-12, 10 Jun 2026]
#379
Consider the following statements about the parliamentary sessions summoned in June 2026: 1. The President summoned both the National Assembly and the Senate to meet on June 10, 2026. 2. The federal budget for the fiscal year 2026-27 was scheduled to be presented in Parliament on June 10, 2026. 3. The National Economic Council meeting was postponed multiple times prior to the budget session. 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 both houses were summoned for June 10. Statement 2 is incorrect because, while the sessions were summoned on June 10, the budget presentation was expected on June 12. Statement 3 is correct as the NEC meeting faced multiple postponements due to negotiations over provincial shares. [Source: https://www.dawn.com/news/2006413/president-zardari-summons-na-senate-sessions-on-june-10, 09 Jun 2026]
#380
Consider the following statements about the federal budget for FY2026-27: 1. The budget presentation is scheduled for June 12, 2026. 2. Provincial shares from the federal divisible pool are proposed to be increased significantly. 3. The government aims to cover an estimated Rs800 billion revenue shortfall.
(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 date. Statement 3 is correct regarding the revenue shortfall. Statement 2 is incorrect because the agreement stipulates that provincial shares will remain frozen at the current fiscal year's position. [Source: https://www.dawn.com/news/2006648/finance-minister-aurangzeb-to-present-budget-for-fy2026-27-on-june-12, 10 Jun 2026]