August 2026 Current Affairs MCQs & Solutions

Explanation: Statements 1 and 2 are correct. Statement 3 is incorrect because the probability of a Federal Reserve rate hike in September was reported at 80%, while the probability for July was 30%. [Source: https://www.brecorder.com/news/40431650/india-bonds-end-three-day-losing-streak-but-post-second-straight-weekly-decline, 24 Jul 2026]

Explanation: The tournament is a week-long event that officially concludes on July 29, 2026. The other dates represent either the start of the event or arbitrary dates within the same month. [Source: https://www.dawn.com/news/2017387/hosts-pakistan-to-face-sri-lanka-in-central-asian-volleyball-opener, 22 Jul 2026]

Explanation: Azam Nazeer Tarar is the Law Minister who issued the statement regarding media responsibility. Talal Chaudhry was present at the press conference but holds the portfolio for Information and Broadcasting. [Source: https://www.brecorder.com/news/40410963/law-minister-urges-media-to-avoid-debating-foreign-policy-citing-regional-sensitivities, 10 Mar 2026]

Explanation: The deputy speaker refused to grant the opposition the floor to address the fuel price hike, which directly led to the uproar and subsequent adjournment. The other statements accurately reflect the events of the session. [Source: https://www.brecorder.com/news/40410878/na-adjourned-after-oppositions-uproar-against-fuel-price-hike, 10 Mar 2026]

Explanation: Two- and three-wheeler sales reached 1.3 million units in 8MFY26, marking a 31 percent rise year-on-year. None of these is incorrect because 1.3 million is the explicitly stated figure. [Source: https://www.dawn.com/news/1980724/auto-sales-rise-43pc-in-july-february, 11 Mar 2026]

Explanation: The minister explicitly stated that freedom of expression must be exercised within the boundaries of the Constitution and the law, making the incorrect statement. [Source: https://www.brecorder.com/news/40410963/law-minister-urges-media-to-avoid-debating-foreign-policy-citing-regional-sensitivities, 10 Mar 2026]

Explanation: The session was adjourned due to opposition uproar specifically concerning a Rs55 per litre hike in petrol and diesel prices. Other commodities like electricity or food items were not the primary cause of the protest. [Source: https://www.brecorder.com/news/40410878/na-adjourned-after-oppositions-uproar-against-fuel-price-hike, 10 Mar 2026]

Explanation: Mojtaba Khamenei assumed the role of Supreme Leader of Iran in March 2026. The other individuals listed are former Iranian officials who do not hold this current position. [Source: https://www.brecorder.com/news/40410989/pm-shehbaz-president-zardari-congratulate-irans-new-supreme-leader-mojtaba-khamenei, 10 Mar 2026]

Explanation: The Chief Minister stated during the press conference that the former prime minister has lost 85 per cent of his vision in one eye. This figure was cited as a primary reason for the demand for specialized medical care. [Source: https://www.dawn.com/news/2001835/afridi-aleema-claim-shots-were-fired-at-adiala-sit-in-participants, 20 May 2026]

Explanation: The Indian team withdrew from the tournament at the eleventh hour despite the PVF securing the necessary documentation and security arrangements. Therefore, the statement that India participated is false. [Source: https://www.dawn.com/news/2017387/hosts-pakistan-to-face-sri-lanka-in-central-asian-volleyball-opener, 22 Jul 2026]

Explanation: The digitization of welfare via the Rahmat Card aims to increase transparency, the FBR is implementing new tax regimes to address fiscal deficits, and monsoon-related climate events continue to pose significant infrastructure and human safety risks in cities like Lahore. [Source: https://www.brecorder.com/news/40432278/jazzcash-begins-rahmat-card-digital-disbursements]

Explanation: The chronological reporting indicates that diplomatic priorities proceeded from the assessment of passport power (Henley Index) to substantive bilateral defense ratification with Kuwait, followed by the DPM's high-level dialogue with Kuwait, and finally, broader Middle Eastern advocacy through support for Jordan's diplomatic proposal. [Source: https://www.brecorder.com/news/40432257/pakistani-passport-ranked-fourth-weakest-in-the-world]

Explanation: Aleema Khan explicitly claimed that the judiciary had been 'managed' and that no judge was willing to independently hear the cases, making the false statement. The other options reflect claims made by the speakers during the event. [Source: https://www.dawn.com/news/2001835/afridi-aleema-claim-shots-were-fired-at-adiala-sit-in-participants, 20 May 2026]

Explanation: The complaint was filed in federal court located in San Francisco. While Washington is the seat of the federal government and the Pentagon, the legal action itself was initiated in the Northern District of California. [Source: https://www.dawn.com/news/1980425/anthropic-takes-us-govt-to-court-over-security-risk-designation, 10 Mar 2026]

Explanation: Ayatollah Ali Khamenei was martyred in coordinated airstrikes on March 1, 2026. This event necessitated the leadership transition that prompted the diplomatic response from Pakistan. [Source: https://www.brecorder.com/news/40410989/pm-shehbaz-president-zardari-congratulate-irans-new-supreme-leader-mojtaba-khamenei, 10 Mar 2026]

Explanation: Statements 1 and 2 are factually correct. Statement 3 is incorrect because Afghanistan's participation remained uncertain due to documentation issues, and the team had not arrived in Islamabad as expected. [Source: https://www.dawn.com/news/2017387/hosts-pakistan-to-face-sri-lanka-in-central-asian-volleyball-opener, 22 Jul 2026]

Explanation: Ghulam Mustafa Shah was the deputy speaker presiding over the session during the protest. The other individuals listed are prominent political figures but were not the presiding officer at that specific time. [Source: https://www.brecorder.com/news/40410878/na-adjourned-after-oppositions-uproar-against-fuel-price-hike, 10 Mar 2026]

Explanation: President Asif Ali Zardari issued a separate message of congratulations to the new Supreme Leader. The other officials were not cited as primary signatories in the official diplomatic communication regarding this specific event. [Source: https://www.brecorder.com/news/40410989/pm-shehbaz-president-zardari-congratulate-irans-new-supreme-leader-mojtaba-khamenei, 10 Mar 2026]

Explanation: Eskandar Momeni, the Iranian Minister for Interior, officially received the Pakistani delegation at the airport. Abbas Araghchi is the Iranian Foreign Minister, and Steve Witkoff is a US Special Envoy. [Source: https://www.dawn.com/news/2002286/cdf-asim-munir-arrives-in-iran-as-part-of-ongoing-mediation-efforts-ispr, 22 May 2026]

Explanation: Statement 1 is accurate as JazzCash is facilitating digital disbursements for the Rahmat Card. Statement 2 is incorrect because the FBR's tax expansion is explicitly linked to IMF requirements. Statement 3 is incorrect as the current discourse critiques the reliance on GDP by emphasizing that it fails to capture actual household welfare. Statement 4 is accurate as the 2026 Henley Index explicitly ranks the Pakistani passport as the fourth weakest globally. [Source: https://www.brecorder.com/news/40432278/jazzcash-begins-rahmat-card-digital-disbursements]