December 2026 Edition
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December 2026 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#12881
Consider the following statements about the digital economy initiatives in Pakistan: 1. The 3rd LCCI IT Freelancing Awards 2026 served as a platform to discuss digital skills training. 2. Punjab is the first province to launch large-scale artificial intelligence initiatives. 3. Freelancers are described as digital ambassadors who contribute to the national economy through foreign exchange. 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 event details. The LCCI awards provided the venue for the announcement, Punjab is leading in AI initiatives, and freelancers are officially recognized as digital ambassadors contributing to foreign exchange reserves. [Source: https://www.dawn.com/news/2016952/china-to-train-03m-pakistani-youths-in-digital-skills-annually-says-ahsan-iqbal, 20 Jul 2026]
#12882
Which represents the correct order of institutional initiatives reported on August 5, 2026?
(a) 1. AI Lab inauguration; 2. Academic/Agri partnership; 3. Batting coach appointment; 4. Warning to cricketers
(b) 1. Batting coach appointment; 2. Warning to cricketers; 3. AI Lab inauguration; 4. Academic/Agri partnership
(c) 1. Academic/Agri partnership; 2. AI Lab inauguration; 3. Warning to cricketers; 4. Batting coach appointment
(d) 1. Warning to cricketers; 2. Batting coach appointment; 3. Academic/Agri partnership; 4. AI Lab inauguration
Explanation: The order reflects the administrative progression of educational and sporting institutional developments: the inauguration of the AI lab (SSUET), the agricultural partnership (Sindh/Ruhuna universities), the appointment of the national batting coach (Michael Smith), and the regulatory warning issued by the PCB regarding unsanctioned leagues. [Source: https://www.brecorder.com/news/40433354/nehal-inaugurates-ai-lab-at-ssuet]
#12883
Consider the following statements about the 2026-27 federal budget: 1. The budget includes a flagship $1 billion initiative for the National Artificial Intelligence Ecosystem Development Programme. 2. The Final Tax Regime for IT and freelance exporters has been extended until FY30. 3. The federal government has allocated Rs8,045 billion specifically for markup payments. 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 based on the budget speech. The AI initiative is a $1 billion flagship project, the IT tax regime extension is set for three years until FY30, and the markup payment allocation is confirmed at Rs8,045 billion. [Source: https://www.dawn.com/news/2007283/govt-unveils-rs188tr-budget-for-fy2026-27-gdp-growth-targeted-at-4pc, 12 Jun 2026]
#12884
Which international agencies provided rating upgrades that reinforced investor confidence in Pakistan during 2026?
(a) Moody's and Standard and Poor's
(b) Standard and Poor's and Fitch
(c) Fitch and Moody's
(d) World Bank and IMF
Explanation: The government's commitment to IMF programs was reinforced by specific rating upgrades from Fitch and Moody's, which helped improve the overall investment climate. [Source: https://www.dawn.com/news/2011978/govt-expects-easing-inflationary-pressure-in-new-fiscal-year-following-reopening-of-strait-of-hormuz, 30 Jun 2026]
#12885
Consider the following statements about Pakistan's economic outlook for 2026: 1. The government expects inflationary pressures to ease due to the reopening of the Strait of Hormuz. 2. The size of the national economy reached 452.1 billion dollars by the end of the fiscal year. 3. The consumer price index (CPI) inflation for June 2026 was recorded at 15 percent. 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 factually correct based on the Ministry of Finance report. Statement 3 is incorrect because the ministry anticipated June inflation to remain within the range of 11-12 percent, not 15 percent. [Source: https://www.dawn.com/news/2011978/govt-expects-easing-inflationary-pressure-in-new-fiscal-year-following-reopening-of-strait-of-hormuz, 30 Jun 2026]
#12886
The primary surplus achieved by Pakistan during the period of July 2025 to April 2026 was:
(a) 3.5 percent of GDP
(b) 3.0 percent of GDP
(c) 2.5 percent of GDP
(d) 4.0 percent of GDP
Explanation: Effective expenditure management and revenue mobilization efforts enabled the government to achieve a primary surplus of 3.5 percent of GDP during the Jul-Apr period of the 2026 fiscal year. [Source: https://www.dawn.com/news/2011978/govt-expects-easing-inflationary-pressure-in-new-fiscal-year-following-reopening-of-strait-of-hormuz, 30 Jun 2026]
#12887
According to the Ministry of Finance, the current account recorded a surplus of how much during the period of July 2025 to May 2026?
(a) 155 million dollars
(b) 255 million dollars
(c) 355 million dollars
(d) None of these
Explanation: The external sector remained stable, with the current account recording a surplus of 255 million dollars during the Jul-May period of the 2026 fiscal year, supported by remittances and IT exports. [Source: https://www.dawn.com/news/2011978/govt-expects-easing-inflationary-pressure-in-new-fiscal-year-following-reopening-of-strait-of-hormuz, 30 Jun 2026]
#12888
What was the real GDP growth rate of Pakistan for the fiscal year ending in 2026?
(a) 2.7 percent
(b) 5.7 percent
(c) 4.7 percent
(d) 3.7 percent
Explanation: The Ministry of Finance reported that real GDP growth reached 3.7 percent, marking the highest growth rate in four years. This figure reflects the broad-based recovery across the agriculture, industry, and services sectors. [Source: https://www.dawn.com/news/2011978/govt-expects-easing-inflationary-pressure-in-new-fiscal-year-following-reopening-of-strait-of-hormuz, 30 Jun 2026]
#12889
All of the following are cited as factors contributing to Pakistan's economic stability in 2026 EXCEPT:
(a) Record workers' remittances
(b) Increased reliance on foreign grants
(c) Expansion in large-scale manufacturing
(d) Continued growth in IT exports
Explanation: The government emphasizes fiscal discipline, remittances, and IT exports as drivers of stability. Reliance on foreign grants is not cited as a primary pillar of the current economic outlook. [Source: https://www.dawn.com/news/2011978/govt-expects-easing-inflationary-pressure-in-new-fiscal-year-following-reopening-of-strait-of-hormuz, 30 Jun 2026]
#12890
During the visit to Shanghai on 2026-07-16, the Pakistani delegation reaffirmed commitment to high-quality development under which framework?
(a) CPEC 2.0
(b) CPEC 1.0
(c) Belt and Road Initiative
(d) Global Development Initiative
Explanation: The Foreign Office confirmed that the leaders underscored the importance of advancing high-quality development specifically under CPEC 2.0. CPEC 1.0 refers to the earlier phase of the project. [Source: https://www.dawn.com/news/2015858/pakistan-becomes-founding-member-of-world-artificial-intelligence-cooperation-organisation, 16 Jul 2026]
#12891
The Virtual Assets Act 2026 mandates that the licensing and supervision of virtual asset activities in Pakistan are the responsibility of which body?
(a) Securities and Exchange Commission of Pakistan
(b) Federal Board of Revenue
(c) State Bank of Pakistan
(d) Pakistan Virtual Assets Regulatory Authority
Explanation: The Virtual Assets Act 2026 explicitly designates the PVARA as the statutory authority for the regulation and oversight of virtual assets. While the State Bank of Pakistan is involved in policy changes, the specific regulatory mandate belongs to the PVARA. [Source: https://www.dawn.com/news/1996695/pm-shehbaz-says-regulatory-system-for-virtual-assets-should-be-operationalised-at-the-earliest, 01 May 2026]
#12892
Consider the following statements about the regulatory developments for virtual assets in Pakistan: 1. The Virtual Assets Act 2026 provides the legal basis for the PVARA to act as a statutory regulator. 2. The PVARA has introduced a regulatory sandbox to facilitate innovation in virtual asset services. 3. All pilot projects involving virtual assets are exempt from prior authorization requirements. 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 they reflect the legal framework and the operational tools (regulatory sandbox) mentioned in the policy. Statement 3 is incorrect because the authority explicitly stated that any pilot involving virtual assets requires prior authorization. [Source: https://www.dawn.com/news/1996695/pm-shehbaz-says-regulatory-system-for-virtual-assets-should-be-operationalised-at-the-earliest, 01 May 2026]
#12893
The maintenance work on the PTCL submarine cable is expected to conclude by which date in 2026?
(a) April 18
(b) April 22
(c) April 20
(d) April 25
Explanation: PTCL announced that the maintenance work, which begins on April 14, 2026, is scheduled to last until April 20, 2026. This period is intended to address necessary repairs to ensure network stability. [Source: https://www.dawn.com/news/1991416/ptcl-says-repair-work-on-submarine-cable-to-begin-from-tuesday-internet-users-may-face-service-degradation-in-evening-hours, 13 Apr 2026]
#12894
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]
#12895
Which federal minister attended the meeting between the Prime Minister and the Chief Minister of Gilgit-Baltistan on July 21, 2026?
(a) Ahsan Iqbal
(b) Bilawal Bhutto Zardari
(c) Rana Sanaullah
(d) None of these
Explanation: Minister for Planning Ahsan Iqbal was present at the meeting alongside the Deputy Prime Minister and the Minister for Economic Affairs. The other individuals listed were not reported as attendees of this specific meeting. [Source: https://www.dawn.com/news/2017241/centre-committed-to-working-closely-with-gb-government-pm-tells-cm-amjad-hussain, 21 Jul 2026]
#12896
Who was elected as the Chief Minister of Gilgit-Baltistan in June 2026?
(a) Amjad Hussain
(b) Bilal Yaseen
(c) Ahad Khan Cheema
(d) None of these
Explanation: Advocate Amjad Hussain was elected unopposed as the Chief Minister of Gilgit-Baltistan on June 22, 2026. The other names listed are either federal ministers or provincial officials not holding this specific office. [Source: https://www.dawn.com/news/2017241/centre-committed-to-working-closely-with-gb-government-pm-tells-cm-amjad-hussain, 21 Jul 2026]
#12897
Consider the following statements regarding the energy sector meeting held on May 2, 2026: 1. The Prime Minister directed authorities to prioritize relief for both industrial and domestic consumers. 2. The government is exploring the use of advanced technology to enhance digital facilities for bill payments. 3. The meeting concluded with a decision to immediately abolish all fixed charges on electricity bills. 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 they reflect the Prime Minister's directives on consumer relief and digital modernization. Statement 3 is incorrect because the government did not announce the abolition of fixed charges, despite public suggestions. [Source: https://www.dawn.com/news/1996962/pm-shehbaz-orders-formulation-of-strategy-to-stabilise-electricity-tariffs, 02 May 2026]
#12898
Who currently serves as the Minister for Power in the federal cabinet as of May 2, 2026?
(a) Ahad Khan Cheema
(b) Sardar Awais Ahmed Khan Leghari
(c) Ali Pervaiz Malik
(d) Attaullah Tarar
Explanation: Sardar Awais Ahmed Khan Leghari is the Minister for Power. The other individuals listed hold different portfolios, such as Economic Affairs, Petroleum, and Information and Broadcasting. [Source: https://www.dawn.com/news/1996962/pm-shehbaz-orders-formulation-of-strategy-to-stabilise-electricity-tariffs, 02 May 2026]
#12899
Consider the following statements about the political and administrative developments in Gilgit-Baltistan as of July 2026: 1. The PPP formed the government in Gilgit-Baltistan with the support of the PML-N. 2. The Chief Minister of Gilgit-Baltistan was elected by the regional assembly on June 22, 2026. 3. The federal government has committed to establishing knowledge schools in the region. 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. The PPP-PML-N coalition in GB mirrors the federal arrangement, the election occurred on the specified date, and the establishment of knowledge schools is a confirmed federal priority. [Source: https://www.dawn.com/news/2017241/centre-committed-to-working-closely-with-gb-government-pm-tells-cm-amjad-hussain, 21 Jul 2026]
#12900
All of the following factors contributed to the volatility of oil prices in March 2026 EXCEPT:
(a) Supply cuts by Saudi Arabia and other producers
(b) A permanent global transition to renewable energy sources
(c) Concerns regarding disruptions in the Strait of Hormuz
(d) Diplomatic proposals aimed at a settlement to the war
Explanation: The market volatility in March 2026 was driven by immediate geopolitical tensions and supply chain concerns, not by a long-term transition to renewable energy. The other three options are direct factors that influenced the price fluctuations described. [Source: https://www.dawn.com/news/1980727/oil-plunges-15pc-amid-hopes-of-de-escalation, 11 Mar 2026]