August 2026 Edition
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August 2026 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#5781
On July 23, 2026, which international oil benchmark exceeded the $100 per barrel price threshold?
(a) West Texas Intermediate
(b) Brent North Sea crude
(c) OPEC Reference Basket
(d) None of these
Explanation: Brent North Sea crude is the specific benchmark cited as having topped $100 per barrel on the event date. West Texas Intermediate is a common alternative benchmark but was not the primary focus of this specific market report. [Source: https://www.brecorder.com/news/40431469/us-stocks-tumble-as-brent-oil-tops-100, 23 Jul 2026]
#5782
Which of the following factors is identified as a primary driver for the increased demand for palm oil as a biodiesel feedstock in 2026?
(a) Surging crude oil prices
(b) Decreased global shipping costs
(c) Surplus production of soybean oil
(d) Lowered import tariffs in Europe
Explanation: Rising crude oil prices make palm oil a more attractive and competitive option for biodiesel feedstock. The other options do not align with the market conditions described regarding the shift toward biodiesel. [Source: https://www.brecorder.com/news/40431446/palm-oil-hits-3-month-high-on-supply-risks-biodiesel-demand-prospects, 23 Jul 2026]
#5783
Consider the following statements about the Indian market performance on July 23, 2026: 1. Both the Nifty 50 and BSE Sensex recorded their fourth consecutive session of losses. 2. The decline was limited to only three major sectors of the Indian economy. 3. Analysts identified a sustained rise in oil prices above $100 per barrel as a significant risk to future market performance. 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 indices logged their fourth straight session of losses. Statement 2 is incorrect because fifteen of the sixteen major sectors fell. Statement 3 is correct as analysts highlighted the $100 per barrel threshold as a critical risk factor. [Source: https://www.brecorder.com/news/40431442/indian-shares-extend-drop-on-oil-surge-infosys-indigo-results-awaited, 23 Jul 2026]
#5784
Following the escalation of the Middle East conflict in 2026, jet fuel prices surged to which of the following ranges per barrel?
(a) $100-$120
(b) $150-$200
(c) $250-$300
(d) None of these
Explanation: Jet fuel prices rose significantly from their previous range of $85-$90 to between $150 and $200 per barrel due to the conflict. This sharp increase forced several airlines to adjust their ticket pricing to maintain operational stability. [Source: https://www.dawn.com/news/1980748/airlines-raise-ticket-prices-as-middle-east-conflict-drives-up-fuel-costs, 11 Mar 2026]
#5785
Consider the following statements about the market situation on July 23, 2026: 1. The Dow Jones Industrial Average experienced a decline of 0.8 percent. 2. Investor skepticism was linked to high capital spending on new technologies by major firms. 3. The conflict in the Middle East was identified as a primary driver for the surge in oil prices. 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 report. The Dow Jones fell by 0.8 percent, tech firms faced skepticism over capital expenditure, and the Middle East conflict was the catalyst for the oil price surge. [Source: https://www.brecorder.com/news/40431469/us-stocks-tumble-as-brent-oil-tops-100, 23 Jul 2026]
#5786
The surge in global oil prices on July 23, 2026, was primarily triggered by tensions involving which of the following?
(a) Strait of Malacca
(b) Suez Canal
(c) Panama Canal
(d) Strait of Hormuz
Explanation: The rise in Brent crude prices was linked to fears of supply disruptions spreading beyond the Strait of Hormuz following attacks on Saudi oil tankers. This geopolitical risk directly impacted global energy markets. [Source: https://www.brecorder.com/news/40431443/indian-rupee-ends-nearly-flat-as-central-bank-intervention-blunts-oil-strain, 23 Jul 2026]
#5787
Consider the following statements about the global vegetable oil market in 2026: 1. Palm oil prices often track the price movements of rival edible oils like soyoil. 2. The 2026/27 soybean crop in Brazil is projected to increase significantly due to favorable weather. 3. Stronger crude oil futures increase the attractiveness of palm oil for biodiesel production. 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 palm oil competes with other vegetable oils. Statement 3 is correct as higher crude prices boost biodiesel demand. Statement 2 is incorrect because the Brazilian soybean crop is projected to fall by 2%, not increase. [Source: https://www.brecorder.com/news/40431446/palm-oil-hits-3-month-high-on-supply-risks-biodiesel-demand-prospects, 23 Jul 2026]
#5788
Which factor primarily contributed to the rise in global oil prices as of July 23, 2026?
(a) Increased global demand for aviation fuel
(b) Escalating hostilities in the Middle East
(c) OPEC production quota adjustments
(d) None of these
Explanation: Oil prices rose significantly due to escalating hostilities in the Middle East, specifically involving attacks on oil tankers. This geopolitical instability is the primary driver mentioned for the price surge. [Source: https://www.brecorder.com/news/40431447/copper-dips-as-soaring-oil-prices-weigh-on-economic-outlook, 23 Jul 2026]
#5789
India's edible oil imports are projected to climb between July and October 2026 primarily due to:
(a) A sudden drop in global palm oil prices
(b) Slower domestic crushing of soybean and rapeseed
(c) A government mandate to increase biofuel blending
(d) None of these
Explanation: India's imports are expected to rise because slower domestic crushing of soybean and rapeseed is eroding local supplies. This creates a need for imports to meet demand ahead of the festive season. [Source: https://www.brecorder.com/news/40431446/palm-oil-hits-3-month-high-on-supply-risks-biodiesel-demand-prospects, 23 Jul 2026]
#5790
Which of the following statements regarding the fuel cost situation in June 2026 is INCORRECT?
(a) The reference fuel cost for June 2026 was set at Rs7.714 per unit.
(b) The actual fuel cost for June 2026 was reported at Rs8.90 per unit.
(c) Electricity consumption in June 2026 was higher than in June 2025.
(d) Furnace oil and diesel combined contributed less than 1% to the grid supply.
Explanation: Electricity consumption in June 2026 was 13,066 billion units, which is lower than the 13,310 billion units recorded in June 2025. Therefore, the statement claiming consumption was higher is incorrect. [Source: https://www.dawn.com/news/2016204/power-companies-seek-rs120-per-unit-fuel-cost-adjustment-for-august, 17 Jul 2026]
#5791
Which global commodity benchmark experienced a significant price surge exceeding $100 per barrel on July 23, 2026?
(a) West Texas Intermediate
(b) Natural gas
(c) Brent crude
(d) Arabian Light
Explanation: Brent futures rose significantly to reach $100.71 per barrel on July 23, 2026, driven by supply disruption concerns. West Texas Intermediate is a different benchmark and was not the primary focus of the reported price surge. [Source: https://www.brecorder.com/news/40431436/pakistani-rupee-records-gain-against-us-dollar, 23 Jul 2026]
#5792
On July 24, 2026, the Foreign Office spokesperson identified which specific maritime area as a critical zone for Pakistani vigilance against Houthi threats?
(a) Bab el-Mandab
(b) Strait of Malacca
(c) Suez Canal
(d) Strait of Gibraltar
Explanation: The Foreign Office explicitly mentioned the Bab el-Mandab chokepoint as the area where Pakistani armed forces remain vigilant. The other options are major global maritime chokepoints but are not the focus of the current security warning. [Source: https://www.dawn.com/news/2017926/pakistan-warns-houthi-rebels-to-steer-clear-of-its-ships, 24 Jul 2026]
#5793
On July 23, 2026, the Indian government relaxed foreign investment rules to allow e-commerce companies to perform which of the following activities?
(a) Directly sell goods to domestic consumers at discounted rates
(b) Purchase products from Indian sellers for export to overseas customers
(c) Establish exclusive brick-and-mortar retail chains across India
(d) None of these
Explanation: The policy change specifically permits foreign-funded e-commerce platforms to procure goods from local sellers for the purpose of international exports. Option A is incorrect because the government continues to prohibit direct sales to domestic consumers to protect local retailers. [Source: https://www.brecorder.com/news/40431461/india-relaxes-e-commerce-investment-rules-for-exports-in-win-for-amazon, 23 Jul 2026]
#5794
According to the data for June 2026, which energy source contributed the largest percentage to the national power supply?
(a) Wind energy
(b) Nuclear power
(c) Imported coal
(d) Hydropower
Explanation: Hydropower provided 39% of the total electricity supply in June 2026, making it the largest contributor. Nuclear power followed at 13.5%, while other sources like wind and solar contributed significantly smaller percentages. [Source: https://www.dawn.com/news/2016204/power-companies-seek-rs120-per-unit-fuel-cost-adjustment-for-august, 17 Jul 2026]
#5795
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]
#5796
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]
#5797
Which of the following statements regarding Pakistan's maritime security policy as of July 24, 2026, is INCORRECT?
(a) Pakistan considers attacks on its flagged vessels a red line.
(b) The armed forces are responsible for the technical assessment of maritime threats.
(c) Pakistan has officially declared a naval blockade against Houthi-controlled ports.
(d) Pakistan maintains a mutual defense arrangement with Saudi Arabia.
Explanation: Pakistan has not declared a naval blockade; rather, it has warned against attacks on its own assets and pledged to ensure the flow of commercial shipping. The other three statements accurately reflect the government's stated position. [Source: https://www.dawn.com/news/2017926/pakistan-warns-houthi-rebels-to-steer-clear-of-its-ships, 24 Jul 2026]
#5798
Who was confirmed as the new leader of the Labour Party on July 17, 2026?
(a) Keir Starmer
(b) Andy Burnham
(c) Nigel Farage
(d) Gordon Brown
Explanation: Andy Burnham was confirmed as the new Labour leader on July 17, 2026, following the resignation of Keir Starmer. Keir Starmer is the predecessor, not the successor. [Source: https://www.dawn.com/news/2016211/andy-burnham-elected-new-labour-leader-now-set-to-be-uk-pm, 17 Jul 2026]
#5799
Consider the following statements about the global commodity market on July 23, 2026: 1. Copper prices declined due to the negative impact of soaring oil prices on the economic outlook. 2. The cash LME copper contract was trading at a discount compared to the three-month forward contract. 3. Oil prices rose for five consecutive days leading up to the report. 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 copper prices tracked equity markets downward due to oil price pressure. Statement 3 is correct as oil prices rose for a fifth day. Statement 2 is incorrect because the cash LME copper contract was trading at a premium, not a discount, over the three-month forward. [Source: https://www.brecorder.com/news/40431447/copper-dips-as-soaring-oil-prices-weigh-on-economic-outlook, 23 Jul 2026]
#5800
Consider the following statements regarding the Indian market conditions on July 23, 2026: 1. The Nifty 50 benchmark index experienced a decline. 2. Brent crude oil prices approached the $100 per barrel threshold. 3. The Indian rupee showed significant appreciation against the dollar due to market optimism. 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: The Nifty 50 fell by 0.5%, and Brent crude prices neared $100 per barrel. The rupee did not appreciate significantly; it remained nearly flat due to central bank intervention, making statement 3 incorrect. [Source: https://www.brecorder.com/news/40431443/indian-rupee-ends-nearly-flat-as-central-bank-intervention-blunts-oil-strain, 23 Jul 2026]