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.
#14221
Consider the following statements about the current economic climate as of 2026-04-29: 1. Brent crude prices have surged due to geopolitical tensions in the Middle East. 2. The US Federal Reserve is expected to announce a significant reduction in interest rates. 3. Investors are scrutinizing the capital expenditure of major tech firms regarding artificial intelligence.
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) All three
Explanation: Statement 1 is correct as oil prices rose due to the blockade concerns. Statement 3 is correct as tech firm AI spending is a major focus. Statement 2 is incorrect because the report states the Fed is expected to keep interest rates unchanged, not reduce them. [Source: https://www.dawn.com/news/1996151/oil-spikes-while-stocks-slip-ahead-of-us-fed-rate-decision, 29 Apr 2026]
#14222
Which of the following statements regarding Pakistan's energy strategy in April 2026 is INCORRECT?
(a) Pakistan has completely eliminated its reliance on LNG imports due to domestic production.
(b) The government is prioritizing government-to-government LNG deals to avoid steep premiums.
(c) Officials are considering the use of furnace oil to limit load shedding despite potential tariff increases.
(d) Insurance costs for routes crossing the Strait of Hormuz are higher than those via the Red Sea.
Explanation: Pakistan has not eliminated its reliance on LNG; it remains exposed to supply shocks and continues to import LNG to meet peak summer power demand. The other statements accurately reflect the government's current energy policy. [Source: https://www.dawn.com/news/1992034/pakistan-considering-buying-lng-on-spot-market-to-offset-supply-disruptions-caused-by-iran-war-petroleum-minister, 15 Apr 2026]
#14223
Who received Prime Minister Shehbaz Sharif upon his arrival in Saudi Arabia on April 15, 2026?
(a) Prince Faisal bin Farhan
(b) Prince Saud bin Mushaal bin Abdulaziz
(c) Prince Khalid bin Salman
(d) Prince Bandar bin Sultan
Explanation: Prince Saud bin Mushaal bin Abdulaziz, the Deputy Governor of the Makkah Region, was among the officials who received the Prime Minister. The other princes listed were not mentioned as part of the reception committee. [Source: https://www.dawn.com/news/1991908/pm-shehbaz-meets-saudi-crown-prince-in-jeddah-dar-says-avenues-to-further-enhance-cooperation-discussed, 15 Apr 2026]
#14224
During the 2026 Spring Meetings, Finance Minister Aurangzeb discussed the development of capital markets with the Managing Director of which organization?
(a) International Finance Corporation (IFC)
(b) Asian Development Bank (ADB)
(c) Islamic Development Bank (IsDB)
(d) None of these
Explanation: The Finance Minister held a separate meeting with IFC Managing Director Makhtar Diop to discuss capital market development and private sector investment. The ADB and IsDB are distinct institutions not mentioned in the context of this specific request. [Source: https://www.dawn.com/news/1991419/in-meeting-with-wb-vice-president-aurangzeb-calls-for-enhanced-technical-support-for-debt-management, 13 Apr 2026]
#14225
Consider the following statements about the diplomatic visit of the Prime Minister in April 2026: 1. The visit to Saudi Arabia and Qatar was conducted in a bilateral context. 2. The Prime Minister is expected to hold a meeting with President Recep Tayyip Erdogan in Turkiye. 3. The delegation included the Information Minister and the Special Assistant to the Prime Minister.
(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 official reports regarding the Prime Minister's diplomatic tour. The visits to Saudi Arabia and Qatar were bilateral, the meeting with President Erdogan was planned for the Antalya Diplomacy Forum, and the delegation included both the Information Minister and the SAPM. [Source: https://www.dawn.com/news/1991908/pm-shehbaz-meets-saudi-crown-prince-in-jeddah-dar-says-avenues-to-further-enhance-cooperation-discussed, 15 Apr 2026]
#14226
Which organization issued a statement on April 12, 2026, declaring that military vessels approaching the Strait of Hormuz would be considered a breach of the ceasefire?
(a) Islamic Revolutionary Guards Corps
(b) United States Central Command
(c) International Maritime Organization
(d) None of these
Explanation: The IRGC issued the warning following the US announcement of a blockade. The other options are either international bodies or US military commands not responsible for this specific Iranian policy statement. [Source: https://www.dawn.com/news/1991096/after-trumps-blockade-announcement-irgc-says-will-view-military-vessels-approaching-hormuz-as-ceasefire-breach, 12 Apr 2026]
#14227
Which of the following institutions is a multilateral development partner mentioned for engagement during the 2026 visit?
(a) Federal Reserve Bank
(b) European Central Bank
(c) Bank of England
(d) Asian Infrastructure Investment Bank (AIIB)
Explanation: The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank that works alongside the World Bank and IMF. The other options are central banks or national institutions not categorized as multilateral development partners in this context. [Source: https://www.dawn.com/news/1990747/aurangzeb-departs-for-us-to-participate-in-imf-wb-meetings, 11 Apr 2026]
#14228
Consider the following statements about the meeting between Pakistan and Saudi Arabia on April 10, 2026: 1. The Prime Minister recalled a recent telephone conversation with the Crown Prince. 2. The meeting focused exclusively on military procurement and defense hardware. 3. The Saudi Finance Minister reaffirmed the resolve to strengthen fraternal bonds.
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) All three
Explanation: Statement 1 and 3 are factually correct based on the official readout. Statement 2 is incorrect because the meeting focused on trade, investment, and economic development, not exclusively on military procurement. [Source: https://www.dawn.com/news/1990567/in-meeting-with-saudi-finance-minister-pm-emphasises-strong-commitment-to-expanding-cooperation-in-all-spheres, 10 Apr 2026]
#14229
Consider the following statements about the 2026 visit of the Finance Minister to the US: 1. The visit includes participation in the G-24 Finance Ministers and Central Bank Governors’ Meetings. 2. The Finance Minister is scheduled to address the Atlantic Council. 3. The primary objective of the visit is to secure immediate debt forgiveness from the World Bank. 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 regarding the itinerary. Statement 3 is incorrect because the stated objective is to discuss the reform agenda and strengthen economic cooperation, not to secure debt forgiveness. [Source: https://www.dawn.com/news/1990747/aurangzeb-departs-for-us-to-participate-in-imf-wb-meetings, 11 Apr 2026]
#14230
Consider the following statements about the economic impact of the Middle East conflict as of April 2026: 1. A baseline scenario with an early end to the war suggests a global growth reduction of 0.3 to 0.4 percentage points. 2. A prolonged conflict could reduce global growth by as much as 1 percentage point. 3. The World Bank President noted that the ceasefire is currently stable and not considered tenuous. 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 accurately reflect the World Bank's growth projections. Statement 3 is incorrect because the report describes the ceasefire as 'tenuous' rather than stable. [Source: https://www.dawn.com/news/1990654/global-growth-to-suffer-due-to-middle-east-war-world-bank-chief, 11 Apr 2026]
#14231
Which of the following global credit rating agencies is the Finance Minister expected to interact with during the 2026 visit?
(a) Fitch Ratings
(b) Morningstar
(c) Kroll Bond Rating Agency
(d) None of these
Explanation: Fitch Ratings, along with Moody's and S&P Global, are the major credit rating agencies mentioned for engagement. Morningstar and Kroll are not listed as part of the scheduled high-level interactions. [Source: https://www.dawn.com/news/1990747/aurangzeb-departs-for-us-to-participate-in-imf-wb-meetings, 11 Apr 2026]
#14232
Consider the following statements about the energy conservation measures announced in April 2026: 1. The federal government decided that markets in provinces other than Sindh should close by 8:00 PM. 2. The Sindh government notification applies to both weekdays and weekends. 3. The austerity measures were triggered by the global fuel crisis resulting from the US-Israel war on Iran. 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 policy announcements. The federal directive specifically excluded Sindh initially, the Sindh notification covers the entire week, and the geopolitical cause of the fuel crisis is correctly identified. [Source: https://www.dawn.com/news/1990483/sindh-implements-austerity-measures-notifies-early-market-closure-among-other-steps, 10 Apr 2026]
#14233
Which of the following statements regarding the meeting on April 10, 2026, is INCORRECT?
(a) The meeting took place at the Prime Minister House.
(b) The Chief of Army Staff attended the meeting.
(c) The Prime Minister expressed appreciation for Saudi Arabia's economic support.
(d) The Saudi Finance Minister was on a three-day official visit to Pakistan.
Explanation: The Saudi Finance Minister was on a one-day visit, not a three-day visit. The other statements accurately reflect the details of the event. [Source: https://www.dawn.com/news/1990567/in-meeting-with-saudi-finance-minister-pm-emphasises-strong-commitment-to-expanding-cooperation-in-all-spheres, 10 Apr 2026]
#14234
Which official shared the notification for the new fuel prices on X on April 10, 2026?
(a) Shehbaz Sharif
(b) Asim Munir
(c) Ishaq Dar
(d) None of these
Explanation: Deputy Prime Minister and Foreign Minister Ishaq Dar shared the official notification regarding the new fuel prices on the platform X. While the Prime Minister announced the policy, the notification was shared by the Foreign Minister. [Source: https://www.dawn.com/news/1990554/govt-reduces-petrol-price-by-rs12-per-litre-hsd-by-rs135, 10 Apr 2026]
#14235
Who visited Islamabad on April 10, 2026, to meet with Prime Minister Shehbaz Sharif regarding bilateral cooperation?
(a) Mohammed bin Abdullah al Jadaan
(b) Faisal bin Farhan Al Saud
(c) Khalid bin Abdulaziz Al Saud
(d) None of these
Explanation: Mohammed bin Abdullah al Jadaan is the Saudi Finance Minister who conducted a one-day visit to Islamabad on the specified date. Faisal bin Farhan is the Foreign Minister, making him a plausible but incorrect distractor. [Source: https://www.dawn.com/news/1990567/in-meeting-with-saudi-finance-minister-pm-emphasises-strong-commitment-to-expanding-cooperation-in-all-spheres, 10 Apr 2026]
#14236
What is the permitted operating window for restaurants and food outlets in Sindh under the 2026 austerity notification?
(a) 6:00 PM to 10:00 PM
(b) 7:00 PM to 11:30 PM
(c) 8:00 PM to 12:00 AM
(d) None of these
Explanation: The notification allows restaurants and food outlets to operate for dinner services between 7:00 PM and 11:30 PM. Takeaway and home delivery services are permitted to continue without these specific time restrictions. [Source: https://www.dawn.com/news/1990483/sindh-implements-austerity-measures-notifies-early-market-closure-among-other-steps, 10 Apr 2026]
#14237
Which of the following statements regarding the government's fuel price policy on April 10, 2026, is INCORRECT?
(a) The government decided to discontinue all targeted subsidy initiatives immediately.
(b) The Prime Minister rejected the recommendation to only partially pass on the relief to the public.
(c) The price of kerosene was reduced by Rs17.33 per litre.
(d) The price of light diesel oil was reduced to Rs369.72 per litre.
Explanation: The government explicitly stated that targeted subsidy initiatives would not be discontinued. Options A, B, and D are factually correct statements regarding the policy announcement. [Source: https://www.dawn.com/news/1990554/govt-reduces-petrol-price-by-rs12-per-litre-hsd-by-rs135, 10 Apr 2026]
#14238
Consider the following statements about the economic and diplomatic context of the April 10, 2026, announcement: 1. The government aimed to recover Rs129 billion spent on cushioning price shocks by withholding some relief from the public. 2. The Prime Minister rejected the advice to withhold full relief from the public. 3. The reduction in fuel prices was partially attributed to fiscal discipline and the utilization of government resources. 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 Prime Minister rejected the advice to withhold relief to recover the Rs129 billion. Statements 2 and 3 are correct as the Prime Minister prioritized passing on the relief and cited fiscal discipline as a contributing factor. [Source: https://www.dawn.com/news/1990554/govt-reduces-petrol-price-by-rs12-per-litre-hsd-by-rs135, 10 Apr 2026]
#14239
Approximately what percentage of retail integration had Pakistan State Oil (PSO) achieved at the time of the April 6, 2026 meeting?
(a) 40 percent
(b) 60 percent
(c) 80 percent
(d) 90 percent
Explanation: Reports indicated that PSO's retail integration was approximately 60 percent, a figure deemed insufficient by the cabinet committee given its status as a public sector entity. [Source: https://www.dawn.com/news/1989171/ogra-pso-come-under-fire-for-poor-monitoring-of-oil-stocks, 06 Apr 2026]
#14240
Consider the following statements about the visit of the Pakistani delegation to China on 2026-07-16: 1. Ishaq Dar held a bilateral meeting with Chinese Foreign Minister Wang Yi. 2. Pakistan joined WAICO as a founding member. 3. The visit included participation in the World Artificial Intelligence Conference (WAIC) 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: All three statements are factually correct. Ishaq Dar met with Wang Yi, Pakistan became a founding member of WAICO, and the delegation participated in the WAIC 2026. [Source: https://www.dawn.com/news/2015858/pakistan-becomes-founding-member-of-world-artificial-intelligence-cooperation-organisation, 16 Jul 2026]