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.
#19761
The upcoming Politburo meeting in July 2026 is primarily expected to focus on which of the following?
(a) Dissolution of existing fiscal quotas
(b) Immediate devaluation of the national currency
(c) Formalizing a new military alliance with regional partners
(d) Setting the economic policy agenda for the second half of the year
Explanation: The Politburo, as the top decision-making body, meets to determine the economic trajectory and policy priorities for the remainder of the year. Analysts anticipate a focus on implementing existing measures rather than major new stimulus. [Source: https://www.brecorder.com/news/40431978/chinas-yuan-rises-to-near-one-week-high-market-focuses-on-politburo-meeting, 27 Jul 2026]
#19762
What was the total volume of tenders received by the Philippine Bureau of the Treasury during the July 27, 2026 auction?
(a) 50 billion pesos
(b) 134.5 billion pesos
(c) 100 billion pesos
(d) 200 billion pesos
Explanation: The auction attracted significant market interest, resulting in total tenders of 134.5 billion pesos against an award of 50 billion pesos. This indicates a high demand for government debt instruments. [Source: https://www.brecorder.com/news/40431975/philippines-awards-810mn-t-bill-offer, 27 Jul 2026]
#19763
Which two permanent members of the UN Security Council abstained from the vote on the resolution adopted on March 11, 2026?
(a) China and Russia
(b) United States and France
(c) France and United Kingdom
(d) United Kingdom and United States
Explanation: The resolution was adopted with 13 votes in favor, while China and Russia chose to abstain. The other permanent members (US, UK, and France) voted in favor. [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]
#19764
Who chaired the Capital Market Development Council (CMDC) meeting held on March 11, 2026?
(a) Muhammad Aurangzeb
(b) Shamshad Akhtar
(c) Miftah Ismail
(d) None of these
Explanation: Muhammad Aurangzeb, as the Finance Minister, chaired the CMDC meeting to discuss reforms for the capital market. The other individuals listed are former finance ministers and are not the current officeholder for the 2026 event. [Source: https://www.dawn.com/news/1980943/finance-minister-stresses-more-balanced-system-where-capital-markets-complement-banking-sector, 11 Mar 2026]
#19765
Which of the following statements regarding the Indian market performance on July 27, 2026, is INCORRECT?
(a) Brent crude oil prices increased by 9.3%.
(b) All 16 major sectors in the Indian market advanced.
(c) The Nifty 50 rose by 0.96%.
(d) The BSE Sensex added 1.02%.
Explanation: Brent crude oil prices fell by 9.3%, not increased. The other three statements accurately reflect the market data reported for that date. [Source: https://www.brecorder.com/news/40431999/indian-shares-snap-losing-run-on-oil-slide-earnings-optimism, 27 Jul 2026]
#19766
Which sector led the gains in the European stock market on July 27, 2026?
(a) Energy sector
(b) Travel and leisure sector
(c) Utility sector
(d) None of these
Explanation: The travel and leisure sector led the market gains with a 2.4% increase, benefiting from the decline in oil prices. Energy and utility stocks were the only sectors to decline during the session. [Source: https://www.brecorder.com/news/40431990/european-shares-climb-as-us-iran-peace-optimism-lifts-risk-sentiment, 27 Jul 2026]
#19767
Consider the following statements about the economic indicators reported on July 27, 2026: 1. The Reserve Bank of New Zealand raised rates to 2.5% earlier in July 2026. 2. Economists expect the trimmed mean measure of core inflation to rise 0.9% in the second quarter. 3. The 10-year Australian government bond yields dropped 7 basis points to 5.015%. 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 accurate based on the economic data provided for July 27, 2026. These indicators collectively illustrate the current monetary policy environment and market reactions in the Oceania region. [Source: https://www.brecorder.com/news/40431969/australia-nz-dollars-climb-as-oil-slide-eases-rate-concerns, 27 Jul 2026]
#19768
According to the official statement regarding the July 27, 2026 meeting, what did Field Marshal Asim Munir identify as being closely linked to sustainable regional stability?
(a) Military expansion
(b) Economic growth and trade expansion
(c) Border fencing projects
(d) None of these
Explanation: Field Marshal Munir highlighted that sustainable regional stability is closely linked to economic growth, trade expansion, and regional connectivity. This reflects the current focus on economic diplomacy. [Source: https://www.brecorder.com/news/40432023/us-lawmakers-meet-field-marshal-munir-discuss-security-economic-cooperation, 27 Jul 2026]
#19769
Consider the following statements about the UNSC resolution adopted on March 11, 2026: 1. The resolution was adopted with 13 votes in favor. 2. Pakistan voted against the resolution due to its diplomatic ties with Tehran. 3. The resolution highlights the impact of attacks on maritime security in the Strait of Hormuz. 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 13 members voted in favor. Statement 2 is incorrect because Pakistan was a co-sponsor and voted in favor of the resolution. Statement 3 is correct as the resolution specifically highlights the adverse impact on maritime security in the Strait of Hormuz. [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]
#19770
Which company led the trading volume on the Pakistan Stock Exchange on March 11, 2026?
(a) K-Electric Limited
(b) Cnergyico PK Limited
(c) The Bank of Punjab
(d) None of these
Explanation: The Bank of Punjab led the trading activity with a volume of 37,706,784 shares. K-Electric and Cnergyico followed with lower trading volumes. [Source: https://www.dawn.com/news/1980849/kse-100-ends-lower-after-early-rally-loses-steam, 11 Mar 2026]
#19771
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]
#19772
What is the total projected external debt servicing for Pakistan in the fiscal year 2026-27?
(a) $21.5 billion
(b) $18.0 billion
(c) $26.5 billion
(d) $44.0 billion
Explanation: The SBP Governor announced that the total external debt servicing for FY27 is projected at $21.5 billion. This is a decrease from the $26.5 billion paid in the previous fiscal year. [Source: https://www.brecorder.com/news/40432030/pakistans-fy27-external-debt-servicing-projected-at-215bn-sbp-governor, 27 Jul 2026]
#19773
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]
#19774
Consider the following statements about the flood-related crisis in Pakistan as of July 27, 2026: 1. The flooding in Muridke was exacerbated by the overflow of the River Ravi. 2. Flood-related deaths have been attributed solely to house collapses. 3. Volunteer rescuers were involved in evacuating residents from approximately a dozen villages. 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 River Ravi overflowed. Statement 2 is incorrect because deaths were caused by both drowning and house collapses. Statement 3 is correct as volunteers were working in about a dozen villages. [Source: https://www.brecorder.com/news/40432025/flooding-forces-residents-to-flee-homes-by-boat-in-pakistan, 27 Jul 2026]
#19775
How many CNICs of deceased individuals were cancelled by Nadra in the reconciliation exercise reported on March 11, 2026?
(a) 2.1 million
(b) 3.0 million
(c) 4.2 million
(d) 5.5 million
Explanation: Nadra reported the cancellation of 4.2 million CNICs following a reconciliation with provincial civil registration records. While 3 million cards were cancelled voluntarily by families, the total figure for the reconciliation exercise is 4.2 million. [Source: https://www.dawn.com/news/1980970/nadra-cancels-42-million-cnics-of-deceased-individuals, 11 Mar 2026]
#19776
What was the primary driver for the improved risk appetite that supported the yuan's rise on July 27, 2026?
(a) A sudden increase in global oil production
(b) The announcement of a massive fiscal stimulus package
(c) A halt in US-Iran attacks
(d) A significant reduction in China's external surplus
Explanation: The pause in the US bombing campaign in Iran during the weekend led to a drop in oil prices and a subsequent boost in global investor confidence. This improved risk sentiment contributed to the strengthening of the yuan against the dollar. [Source: https://www.brecorder.com/news/40431978/chinas-yuan-rises-to-near-one-week-high-market-focuses-on-politburo-meeting, 27 Jul 2026]
#19777
By the end of June 2026, what was the total volume of gold reserves held by China's central bank?
(a) 75.44 million fine troy ounces
(b) 74.96 million fine troy ounces
(c) 78.14 million fine troy ounces
(d) None of these
Explanation: China's central bank reported gold reserves of 75.44 million fine troy ounces by the end of June 2026. The figure 74.96 million represents the reserves held in the preceding month. [Source: https://www.brecorder.com/news/40432008/chinas-june-net-gold-imports-via-hong-kong-up-from-year-ago-down-from-may, 27 Jul 2026]
#19778
Which of the following factors was cited as a reason for limiting the losses in palm oil prices on July 27, 2026?
(a) A surplus in global palm oil production
(b) The strengthening of the US dollar
(c) A decline in Chinese vegetable oil consumption
(d) Indonesia's B50 biodiesel mandate
Explanation: Optimism regarding higher consumption under Indonesia's B50 biodiesel mandate, alongside strong demand from China and El-Nino related supply risks, helped limit the decline in palm oil prices. Other options are either incorrect or would have exacerbated the price drop. [Source: https://www.brecorder.com/news/40432000/palm-slips-more-than-1-on-weaker-crude-chinese-vegetable-oils, 27 Jul 2026]
#19779
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]
#19780
On July 27, 2026, what was the primary factor cited for the expected rise in Indian equity markets?
(a) A sharp decline in global oil prices
(b) An unexpected interest rate cut by the Reserve Bank of India
(c) A surge in foreign direct investment inflows
(d) None of these
Explanation: The market recovery was driven by a 4.6% drop in Brent crude prices following a pause in strikes between the United States and Iran. Lower oil prices are beneficial for India as it is a major importer of the commodity. [Source: https://www.brecorder.com/news/40431956/indian-shares-set-to-open-higher-breaking-losing-run-as-oil-slides, 27 Jul 2026]