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.
#7481
Consider the following statements about the Indian equity market recovery on July 27, 2026: 1. The recovery followed five consecutive sessions of market declines. 2. The broader small-cap and mid-cap indices both recorded gains exceeding 1%. 3. The market rally was driven by fears of an immediate supply disruption in the energy 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 is correct as the market snapped a five-day losing streak. Statement 2 is correct as small-caps added 1.3% and mid-caps added 1.1%. Statement 3 is incorrect because the rally was driven by the easing of fears regarding supply disruptions, not the presence of them. [Source: https://www.brecorder.com/news/40431999/indian-shares-snap-losing-run-on-oil-slide-earnings-optimism, 27 Jul 2026]
#7482
Where did the meeting between General Aamer Raza and Field Marshal Asim Munir take place on July 27, 2026?
(a) Prime Minister House, Islamabad
(b) Joint Staff Headquarters, Chaklala
(c) Aiwan-i-Sadr, Islamabad
(d) General Headquarters (GHQ), Rawalpindi
Explanation: The meeting occurred at the General Headquarters (GHQ) in Rawalpindi, where the CNSC was presented with a guard of honour. [Source: https://www.dawn.com/news/2018788/newly-appointed-cnsc-aamer-raza-meets-cdf-asim-munir-in-rawalpindi-ispr, 27 Jul 2026]
#7483
What was the primary geopolitical driver for the decline in oil prices on July 27, 2026?
(a) Increased production from OPEC nations
(b) De-escalation of military strikes between the US and Iran
(c) Global economic recession fears
(d) Strategic petroleum reserve releases
Explanation: The tumble in oil prices was directly attributed to the pause in military strikes between the United States and Iran. Other factors like OPEC production or recession fears were not cited as the immediate cause for the price drop on this date. [Source: https://www.brecorder.com/news/40432022/dow-sampp-500-rise-as-oil-prices-tumble, 27 Jul 2026]
#7484
Which US Congressman from Montana was part of the delegation that met with the Pakistani military leadership on July 27, 2026?
(a) Ryan Keith Zinke
(b) Michael James
(c) Mike Johnson
(d) None of these
Explanation: Congressman Ryan Keith Zinke of Montana was one of the two US representatives who visited the GHQ. Michael James of Washington was the other member of the delegation. [Source: https://www.brecorder.com/news/40432023/us-lawmakers-meet-field-marshal-munir-discuss-security-economic-cooperation, 27 Jul 2026]
#7485
Who was appointed as the new Supreme Leader of Iran following the death of Ayatollah Ali Khamenei in 2026?
(a) Mojtaba Khamenei
(b) Ali Larijani
(c) Mohammad Bagher Ghalibaf
(d) Yousef Pezeshkian
Explanation: Mojtaba Khamenei was named the new Supreme Leader by the Assembly of Experts following the assassination of his father. Ali Larijani and Mohammad Bagher Ghalibaf are mentioned as figures expected to handle government and military affairs, respectively, rather than the supreme leadership. [Source: https://www.dawn.com/news/1980913/irans-new-supreme-leader-injured-but-safe-says-presidents-son, 11 Mar 2026]
#7486
Who is the current chairman of the Federal Reserve as of July 27, 2026?
(a) Donald Trump
(b) Mike Waltz
(c) Mohammad Akraminia
(d) Kevin Warsh
Explanation: Kevin Warsh is identified as the new chairman of the Federal Reserve responsible for the upcoming interest rate decision. Mike Waltz is the US ambassador to the United Nations, and Mohammad Akraminia is an Iranian army spokesman. [Source: https://www.brecorder.com/news/40432022/dow-sampp-500-rise-as-oil-prices-tumble, 27 Jul 2026]
#7487
The meeting between the US lawmakers and the Pakistani military leadership on July 27, 2026, primarily focused on which of the following areas?
(a) Climate change mitigation
(b) Educational exchange programs
(c) Regional security and economic cooperation
(d) Space exploration technology
Explanation: The discussions centered on regional security, bilateral defence cooperation, and avenues for expanding economic engagement. These topics are central to the strategic alignment between the two nations. [Source: https://www.brecorder.com/news/40432023/us-lawmakers-meet-field-marshal-munir-discuss-security-economic-cooperation, 27 Jul 2026]
#7488
The initial air strike that resulted in the death of Ayatollah Ali Khamenei occurred on which date in 2026?
(a) March 11
(b) February 28
(c) March 10
(d) August 12
Explanation: The air strike that killed the former Supreme Leader and his family members took place on February 28, 2026. March 11 is the date of the report regarding the current leader's status. [Source: https://www.dawn.com/news/1980913/irans-new-supreme-leader-injured-but-safe-says-presidents-son, 11 Mar 2026]
#7489
Which of the following statements regarding the market conditions on July 27, 2026, is INCORRECT?
(a) Dubai’s benchmark index rose by 1%.
(b) Oil prices fell to a one-week low of $89.23 a barrel.
(c) Saudi Arabia’s benchmark index closed with significant gains.
(d) Abu Dhabi’s index gained 0.2%.
Explanation: The Saudi Arabian benchmark index closed flat, not with significant gains, due to the tug-of-war between diplomatic hopes and security concerns. The other statements accurately reflect the market data provided. [Source: https://www.brecorder.com/news/40432018/gulf-stocks-advance-on-iran-de-escalation-hopes-saudi-ends-flat-after-oil-site-attacks, 27 Jul 2026]
#7490
Which article of the UN Charter is cited in the March 11, 2026, resolution to underscore the right to self-defense?
(a) Article 42
(b) Article 51
(c) Article 99
(d) Article 103
Explanation: Article 51 of the UN Charter recognizes the inherent right of individual or collective self-defense if an armed attack occurs against a member of the United Nations. This was explicitly invoked in the resolution. [Source: https://www.dawn.com/news/1981123/unsc-adopts-resolution-against-irans-attacks-on-gulf-nations-tehran-decries-blatant-misuse-of-security-council, 11 Mar 2026]
#7491
By what percentage did the KSE-100 index decline during the trading session on March 11, 2026?
(a) 2.53 per cent
(b) 0.2 per cent
(c) 3.10 per cent
(d) 2.02 per cent
Explanation: The KSE-100 index shed 318.65 points, which corresponds to a 0.2 per cent decline. The other percentages refer to the individual stock performance of The Bank of Punjab, K-Electric, and Cnergyico. [Source: https://www.dawn.com/news/1980849/kse-100-ends-lower-after-early-rally-loses-steam, 11 Mar 2026]
#7492
Consider the following statements about the transition of power in Iran in 2026: 1. The Islamic Revolutionary Guard Corps (IRGC) pledged allegiance to the new Supreme Leader. 2. Analysts expect the new leader to delegate significant government and war-related responsibilities to other officials. 3. The United States government officially recognized the legitimacy of the new Supreme Leader immediately upon his appointment.
(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 IRGC pledged support and analysts expect delegation of duties. Statement 3 is incorrect because the US President explicitly warned that the new leader would be 'unacceptable' without US approval. [Source: https://www.dawn.com/news/1980913/irans-new-supreme-leader-injured-but-safe-says-presidents-son, 11 Mar 2026]
#7493
Following the de-escalation of tensions between the United States and Iran, the Indian rupee reached a high of what duration on July 27, 2026?
(a) One-week high
(b) One-month high
(c) Three-week high
(d) Two-week high
Explanation: The Indian rupee hit a two-week high on July 27, 2026, supported by lower oil prices and restored foreign investor flows. Other durations are incorrect based on the market report. [Source: https://www.brecorder.com/news/40431999/indian-shares-snap-losing-run-on-oil-slide-earnings-optimism, 27 Jul 2026]
#7494
The opposition party, led by Imran Khan, scheduled protests for August 5, 2026, to mark the anniversary of what event?
(a) The dissolution of the National Assembly
(b) The incarceration of its leader
(c) The passage of the 26th Amendment
(d) The start of the lawyers' movement
Explanation: The protests were planned to mark three years since the imprisonment of the PTI leader. This date serves as a focal point for the opposition's mobilization against the current government. [Source: https://www.dawn.com/news/2018681/why-coercion-doesnt-work, 27 Jul 2026]
#7495
On March 11, 2026, the KSE-100 index closed at which of the following levels?
(a) 156,177.12 points
(b) 158,624.51 points
(c) 155,858.47 points
(d) 155,652.35 points
Explanation: The KSE-100 index closed at 155,858.47 points after shedding 318.65 points. represents the previous day's closing, while C and D represent the intraday high and low, respectively. [Source: https://www.dawn.com/news/1980849/kse-100-ends-lower-after-early-rally-loses-steam, 11 Mar 2026]
#7496
Who served as the Chief Election Commissioner of Azad Jammu and Kashmir during the July 2026 elections?
(a) Ghulam Mustafa Mughal
(b) Chaudhry Muhammad Yasin
(c) Azhar Sadiq
(d) None of these
Explanation: Ghulam Mustafa Mughal is the official who oversaw the electoral process and addressed the media regarding the results and incidents. The other names are political candidates involved in the election. [Source: https://www.dawn.com/news/2018908/close-contest-sees-n-take-the-lead-in-mirpur-polls, 28 Jul 2026]
#7497
Consider the following statements about the market performance on March 11, 2026: 1. The KSE-100 index shed 318.65 points during the session. 2. Global crude oil prices plunged by approximately 15 per cent. 3. The Bank of Punjab experienced a decline in its share price. 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 based on the report. Statement 3 is incorrect because The Bank of Punjab rose by 2.53 per cent, it did not decline. [Source: https://www.dawn.com/news/1980849/kse-100-ends-lower-after-early-rally-loses-steam, 11 Mar 2026]
#7498
Who serves as the Prime Minister's Spokesperson for Foreign Media who commented on the bilateral support for Saudi Arabia on March 11, 2026?
(a) Ishaq Dar
(b) Asim Munir
(c) Mosharraf Zaidi
(d) None of these
Explanation: Mosharraf Zaidi, acting as the Prime Minister's Spokesperson for Foreign Media, provided the interview to Bloomberg TV regarding Pakistan's stance on regional security. Ishaq Dar is the Deputy Prime Minister and Foreign Minister. [Source: https://www.dawn.com/news/1980894/no-matter-what-no-matter-when-pms-spokesperson-reiterates-support-for-saudi-arabia-before-it-is-needed, 11 Mar 2026]
#7499
What was the primary driver for the rise in Gulf equity markets on July 27, 2026?
(a) Record-breaking quarterly earnings across all sectors
(b) Hopes of a diplomatic de-escalation in the U.S.-Iran conflict
(c) A sudden surge in global oil prices above $100 per barrel
(d) None of these
Explanation: The market rally was primarily attributed to investor optimism regarding a potential diplomatic off-ramp in the U.S.-Iran war. Oil prices actually declined to a one-week low, making option C incorrect. [Source: https://www.brecorder.com/news/40432018/gulf-stocks-advance-on-iran-de-escalation-hopes-saudi-ends-flat-after-oil-site-attacks, 27 Jul 2026]
#7500
Which Dubai-based developer saw its shares climb by 2% on July 27, 2026?
(a) Aldar Properties
(b) Emaar Properties
(c) Damac Properties
(d) Nakheel Properties
Explanation: Emaar Properties is the blue-chip developer mentioned as having climbed 2% during the session. Aldar Properties is based in Abu Dhabi, not Dubai. [Source: https://www.brecorder.com/news/40432018/gulf-stocks-advance-on-iran-de-escalation-hopes-saudi-ends-flat-after-oil-site-attacks, 27 Jul 2026]