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.
#14081
On March 10, 2026, what was the primary reason cited for the rise in gold prices?
(a) A strengthening of the US dollar
(b) A weaker US dollar and easing energy costs
(c) An increase in global interest rates
(d) None of these
Explanation: Gold prices rose due to a weaker US dollar and expectations of lower inflation following a potential de-escalation in Middle East tensions, which caused oil prices to drop. A stronger dollar (Option A) typically makes gold more expensive for foreign buyers, leading to a price decline. [Source: https://www.dawn.com/news/1980485/gold-gains-on-weaker-dollar-easing-inflation-concerns, 10 Mar 2026]
#14082
Consider the following statements about the regional conflict as of March 10, 2026: 1. Iranian strikes targeted energy installations in the Gulf region. 2. The US President characterized the appointment of the new supreme leader as a positive development for regional peace. 3. Iranian Foreign Minister Abbas Araghchi stated that Iran's actions are defensive in nature. 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 Iran launched strikes on energy installations. Statement 3 is correct as the Foreign Minister described actions as defensive. Statement 2 is incorrect because President Trump called the appointment a 'big mistake'. [Source: https://www.dawn.com/news/1980416/oil-prices-go-haywire-as-iran-welcomes-new-supreme-leader, 10 Mar 2026]
#14083
Who is the current head of the Senate Standing Committee on Economic Affairs as of March 10, 2026?
(a) Senator Saifullah Abro
(b) Senator Syed Nazir Abbas
(c) Senator Ishaq Dar
(d) None of these
Explanation: Senator Saifullah Abro is the chairman of the Senate Standing Committee on Economic Affairs. Dr. Syed Nazir Abbas is the Secretary General of the Oil Companies Advisory Council (OCAC), not the committee chairman. [Source: https://www.dawn.com/news/1980379/senate-panel-to-expose-fuel-price-hike-beneficiaries, 10 Mar 2026]
#14084
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]
#14085
On March 10, 2026, by what approximate percentage did global oil prices fall following comments regarding Middle East de-escalation?
(a) 5 percent
(b) 9 percent
(c) 7 percent
(d) 11 percent
Explanation: Oil prices plummeted by approximately 7 percent on March 10, 2026, after reaching highs above $119 per barrel. This correction was driven by market optimism following US President Donald Trump's predictions regarding the conflict. [Source: https://www.dawn.com/news/1980481/oil-sinks-7pc-as-trump-predicts-middle-east-de-escalation, 10 Mar 2026]
#14086
Who was appointed as the new supreme leader of Iran following the death of his father in 2026?
(a) Abbas Araghchi
(b) Ali Larijani
(c) Mojtaba Khamenei
(d) None of these
Explanation: Mojtaba Khamenei was appointed as the new supreme leader of Iran in March 2026. Abbas Araghchi serves as the Foreign Minister, and Ali Larijani is a security official. [Source: https://www.dawn.com/news/1980416/oil-prices-go-haywire-as-iran-welcomes-new-supreme-leader, 10 Mar 2026]
#14087
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]
#14088
What is the percentage reduction in fuel allotted for official vehicles as announced by the Sindh government in March 2026?
(a) 20 percent
(b) 30 percent
(c) 50 percent
(d) 60 percent
Explanation: The provincial government mandated a 50 percent reduction in fuel allocations for official vehicles to save approximately Rs960 million. This is distinct from the 20 percent reduction applied to other non-essential expenditures like stationery. [Source: https://www.dawn.com/news/1980528/sindh-schools-to-close-from-march-16-31-friday-to-be-wfh-for-govt-offices-as-part-of-austerity-measures, 10 Mar 2026]
#14089
Consider the following statements about the oil market developments on March 10, 2026: 1. US President Donald Trump suggested that the war in the Middle East could conclude in the near future. 2. The Islamic Revolutionary Guards Corps threatened to block oil exports from the region if attacks continued. 3. The Kremlin reported that Vladimir Putin shared proposals aimed at a quick settlement to the war. 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 report: Trump predicted a short-lived war, the IRGC issued threats regarding oil exports, and the Kremlin confirmed Putin's diplomatic proposals. [Source: https://www.dawn.com/news/1980481/oil-sinks-7pc-as-trump-predicts-middle-east-de-escalation, 10 Mar 2026]
#14090
Which of the following statements regarding the events of March 10, 2026, is INCORRECT?
(a) Brent crude oil prices experienced significant volatility during the day.
(b) Russian President Vladimir Putin discussed the Iranian conflict with US President Donald Trump.
(c) Iranian security officials expressed skepticism regarding the restoration of security in the Strait of Hormuz.
(d) The United States officially declared the war in the Middle East to be permanently concluded.
Explanation: President Trump predicted the war could be over soon, but he did not declare it permanently concluded. The other statements accurately reflect the reported events of that date. [Source: https://www.dawn.com/news/1980416/oil-prices-go-haywire-as-iran-welcomes-new-supreme-leader, 10 Mar 2026]
#14091
Which of the following statements regarding the market conditions on March 9, 2026, is INCORRECT?
(a) The KSE-100 index closed at 146,480.14 points.
(b) Gold prices fell by 2 percent amid geopolitical tensions.
(c) The market suspension was triggered by a 10 percent drop in the KSE-100 index.
(d) The government recently increased petrol and diesel prices by Rs55 per litre.
Explanation: The market suspension was triggered by a 5 percent drop in the KSE-30 index, not a 10 percent drop in the KSE-100 index. The other statements accurately reflect the market data and government policy actions reported on that date. [Source: https://www.dawn.com/news/1980057/bloodbath-at-psx-as-kse-100-slides-over-11000-points, 09 Mar 2026]
#14092
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]
#14093
By how many points did the KSE-100 index decline on March 9, 2026?
(a) 9,780.15 points
(b) 157,496.10 points
(c) 13,157.62 points
(d) 11,015.96 points
Explanation: The KSE-100 index plummeted by 11,015.96 points during the trading session on March 9, 2026. While 9,780.15 points was the threshold that triggered the initial trading halt, the final decline recorded by the closing bell was 11,015.96 points. [Source: https://www.dawn.com/news/1980057/bloodbath-at-psx-as-kse-100-slides-over-11000-points, 09 Mar 2026]
#14094
According to the Sindh government's 2026 austerity measures, schools in the province will observe spring vacation during which period?
(a) March 1 to March 15
(b) March 16 to March 31
(c) April 1 to April 15
(d) None of these
Explanation: The Sindh government announced that schools will remain closed for spring vacation from March 16 to March 31, 2026. This is part of a broader set of austerity measures aimed at reducing provincial expenditures. [Source: https://www.dawn.com/news/1980528/sindh-schools-to-close-from-march-16-31-friday-to-be-wfh-for-govt-offices-as-part-of-austerity-measures, 10 Mar 2026]
#14095
Which of the following factors is NOT cited as a primary risk or drag on Thailand's manufacturing production in the June 2026 report?
(a) Volatile energy costs
(b) Increased freight expenses
(c) Prolonged Middle East conflict
(d) Domestic labor shortages
Explanation: The report identifies energy costs, freight expenses, and Middle East tensions as primary risks. Domestic labor shortages are not mentioned as a factor in the June 2026 industrial performance report. [Source: https://www.brecorder.com/news/40431970/thai-june-factory-output-falls-31-yy-weaker-than-forecast, 27 Jul 2026]
#14096
Consider the following statements about the HDFC Bank governance review: 1. The internal review found that the deposit pricing practices were in full compliance with all central bank regulations. 2. The bank's stock performance has underperformed compared to the Nifty 50 index so far in 2026. 3. The reappointment of CEO Sashidhar Jagdishan faced delays linked to the ongoing regulatory review. 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 false because the review found the practices were in violation of central bank rules, not in compliance. Statements 2 and 3 are factually accurate based on the reported market performance and the regulatory approval process for the CEO. [Source: https://www.brecorder.com/news/40432017/indias-hdfc-bank-finds-no-improper-motive-in-deposit-pricing-review-penalises-executives, 27 Jul 2026]
#14097
Consider the following statements about the current economic environment as of March 10, 2026: 1. Gold prices are inversely related to the strength of the US dollar. 2. A potential de-escalation in the Middle East has led to a decrease in oil prices. 3. The Federal Reserve is expected to raise interest rates significantly at the March 18 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: Statements 1 and 2 are correct as gold prices rise when the dollar weakens, and oil prices fell due to de-escalation news. Statement 3 is incorrect because investors expect the Fed to keep rates steady, not raise them significantly. [Source: https://www.dawn.com/news/1980485/gold-gains-on-weaker-dollar-easing-inflation-concerns, 10 Mar 2026]
#14098
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]
#14099
Which policy was introduced for government offices on Fridays as part of the 2026 austerity measures?
(a) Complete closure of all offices
(b) Mandatory attendance at government buildings
(c) Half-day operations for all departments
(d) Work from home for government officials
Explanation: The government clarified that offices will not stop functioning on Fridays; instead, officials are required to work from home. This measure is intended to maintain administrative continuity while reducing operational costs. [Source: https://www.dawn.com/news/1980528/sindh-schools-to-close-from-march-16-31-friday-to-be-wfh-for-govt-offices-as-part-of-austerity-measures, 10 Mar 2026]
#14100
Which of the following is NOT a component of the austerity measures announced by the Sindh government in March 2026?
(a) Immediate privatization of all provincial government departments
(b) Ban on holding Iftar parties on government expenditure
(c) Reduction of fuel for official vehicles by 50 percent
(d) Restriction of official foreign travel to Economy Class
Explanation: The government did not announce the privatization of departments; rather, it focused on cutting operational costs such as travel, fuel, and event expenses. The other three options are verified components of the announced austerity package. [Source: https://www.dawn.com/news/1980528/sindh-schools-to-close-from-march-16-31-friday-to-be-wfh-for-govt-offices-as-part-of-austerity-measures, 10 Mar 2026]