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.
#14021
Approximately how many barrels of crude oil per day did Kuwait produce in February 2026?
(a) 4.1 million
(b) 3.2 million
(c) 2.6 million
(d) 1.8 million
Explanation: Kuwait's production level in February 2026 was reported at approximately 2.6 million barrels per day. This figure serves as the baseline before the precautionary cuts were implemented. [Source: https://www.dawn.com/news/1979510/kuwaits-national-oil-company-cuts-production-as-precaution-amid-iran-tensions, 07 Mar 2026]
#14022
According to the SBP statement released on March 9, 2026, what was the inflation rate recorded in February 2026?
(a) 5.8 percent
(b) 7.0 percent
(c) 8.2 percent
(d) None of these
Explanation: The SBP reported that inflation rose to 5.8 percent in January and 7 percent in February 2026. Option D is incorrect because 7 percent is explicitly mentioned as the February figure. [Source: https://www.dawn.com/news/1980133/sbp-maintains-policy-rate-at-105pc, 09 Mar 2026]
#14023
By what percentage did Pakistan's trade deficit with the Middle East narrow in fiscal year 2026?
(a) 4.48 percent
(b) 7.37 percent
(c) 2.00 percent
(d) 4.00 percent
Explanation: The trade deficit with the Middle East narrowed by 4.48 percent to $13.32 billion in FY26. The 7.37 percent figure refers to the widening of the deficit observed in the previous fiscal year. [Source: https://www.dawn.com/news/2018925/pakistans-exports-to-middle-east-dip-in-fy26, 28 Jul 2026]
#14024
Consider the following statements about the fuel price situation in 2026: 1. The government reduced petrol prices for two consecutive weeks in May 2026. 2. The global fuel crunch was exacerbated by the conflict involving Iran. 3. The Petroleum Minister announced an increase in fuel prices on April 2, 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 accurate based on the provided information regarding the 2026 fuel price trends and the geopolitical context of the energy crisis. [Source: https://www.dawn.com/news/2002321/govt-reduces-petrol-by-rs6-per-litre-high-speed-diesel-by-rs68, 22 May 2026]
#14025
Which organization announced a precautionary reduction in crude oil production on March 7, 2026?
(a) Saudi Aramco
(b) Kuwait Petroleum Corporation
(c) QatarEnergy
(d) None of these
Explanation: Kuwait Petroleum Corporation (KPC) officially announced the production cut as a risk management strategy amid regional tensions. Saudi Aramco and QatarEnergy are distinct national entities not involved in this specific announcement. [Source: https://www.dawn.com/news/1979510/kuwaits-national-oil-company-cuts-production-as-precaution-amid-iran-tensions, 07 Mar 2026]
#14026
What is the proposed allocation for the Benazir Income Support Programme (BISP) in the 2026-27 budget?
(a) Rs71 billion
(b) Rs8,045 billion
(c) Rs15,264 billion
(d) Rs838 billion
Explanation: The BISP budget was increased by 17 percent to reach Rs838 billion, aiming to expand coverage to 12 million families. Rs71 billion is the allocation for the Apna Ghar housing scheme. [Source: https://www.dawn.com/news/2007283/govt-unveils-rs188tr-budget-for-fy2026-27-gdp-growth-targeted-at-4pc, 12 Jun 2026]
#14027
Which of the following sectors was NOT explicitly mentioned by the Finance Minister as receiving relief in the 2026-27 budget?
(a) IT sector
(b) Construction sector
(c) Agricultural sector
(d) Salaried class
Explanation: The Finance Minister specifically listed exporters, manufacturers, the IT sector, construction, and the salaried class as beneficiaries of relief measures. The agricultural sector was not included in this specific list of relief recipients. [Source: https://www.dawn.com/news/2007374/finmin-aurangzeb-says-govt-committed-to-reducing-tax-burden-by-widening-tax-net, 12 Jun 2026]
#14028
Following the price revision on March 7, 2026, the Petroleum Development Levy (PDL) on high-speed diesel was adjusted to which of the following rates?
(a) Rs57 per litre
(b) Rs77 per litre
(c) Rs105 per litre
(d) None of these
Explanation: The government reduced the levy on high-speed diesel to Rs57 per litre from Rs77 per litre to mitigate the impact of the price hike. Rs105 per litre represents the new levy rate for petrol, not diesel. [Source: https://www.dawn.com/news/1979341/petrol-bomb-falls-on-pakistan-amid-war, 07 Mar 2026]
#14029
Consider the following statements about the energy situation in the Middle East as of March 2026: 1. Kuwait Petroleum Corporation has permanently ceased all oil exports due to the conflict. 2. The Strait of Hormuz is identified as a critical point of concern for the safe passage of ships. 3. Qatar has declared force majeure on its gas exports.
(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 reduction is described as a 'precautionary' measure subject to review, not a permanent cessation. Statements 2 and 3 are factually accurate based on the reported events. [Source: https://www.dawn.com/news/1979510/kuwaits-national-oil-company-cuts-production-as-precaution-amid-iran-tensions, 07 Mar 2026]
#14030
Which port authority issued the statement regarding the arrival of fuel-laden tankers in March 2026?
(a) Karachi Port Trust
(b) Port Qasim Authority
(c) Gwadar Port Authority
(d) None of these
Explanation: The Port Qasim Authority (PQA) issued the official statement detailing the arrival and berthing schedules of tankers like Torm Damini and Nave Atropos. Karachi Port Trust is a separate entity and was not the source of this specific fuel supply update. [Source: https://www.dawn.com/news/1980592/4-fuel-laden-ships-reach-pakistan-amid-concerns-about-shortages-3-yet-to-berth, 10 Mar 2026]
#14031
Consider the following statements about the LPG supply situation in March 2026: 1. The vessel MD23 discharged 3,500 tonnes of LPG. 2. Navigator Atlantic discharged LPG brought from Oman. 3. Navigator Aries discharged LPG mix brought from Iraq.
(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 PQA report regarding LPG cargoes. MD23 discharged 3,500 tonnes, Navigator Atlantic brought supply from Oman, and Navigator Aries brought supply from Iraq. [Source: https://www.dawn.com/news/1980592/4-fuel-laden-ships-reach-pakistan-amid-concerns-about-shortages-3-yet-to-berth, 10 Mar 2026]
#14032
Which official announced the record-breaking fuel price hike during the press conference held on March 7, 2026?
(a) Ali Pervaiz Malik
(b) Ishaq Dar
(c) Muhammad Aurangzeb
(d) Shehbaz Sharif
Explanation: Petroleum Minister Ali Pervaiz Malik announced the price hike during the press conference. While Ishaq Dar and Muhammad Aurangzeb were present, the announcement was delivered by the Petroleum Minister. [Source: https://www.dawn.com/news/1979341/petrol-bomb-falls-on-pakistan-amid-war, 07 Mar 2026]
#14033
Consider the following statements regarding the government's response to the March 2026 economic situation: 1. The Prime Minister directed that actionable proposals for austerity be presented within 48 hours. 2. The government announced a Rs55 per litre increase in petrol and high-speed diesel prices. 3. The Information Minister confirmed that the government would rely on private sector estimates for fuel pricing updates. 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 based on the government's directives and the price hike announcement. Statement 3 is incorrect because the government emphasized that it would release accurate and verified information from official ministries, not private sector estimates. [Source: https://www.dawn.com/news/1979462/pm-tells-ministers-to-prepare-strategy-for-conserving-petroleum-products-ensuring-uninterrupted-supply, 07 Mar 2026]
#14034
On March 7, 2026, the Prime Minister directed which two federal ministers to visit provinces to coordinate petroleum conservation strategies?
(a) Finance and Petroleum
(b) Energy and Commerce
(c) Planning and Interior
(d) None of these
Explanation: The Prime Minister specifically tasked the finance and petroleum ministers to engage with provincial governments to ensure supply stability and austerity. Other combinations of ministries are incorrect as they do not hold primary jurisdiction over fuel pricing and supply chain management. [Source: https://www.dawn.com/news/1979462/pm-tells-ministers-to-prepare-strategy-for-conserving-petroleum-products-ensuring-uninterrupted-supply, 07 Mar 2026]
#14035
Which of the following measures was NOT implemented by the government in response to the fuel crisis announced on March 7, 2026?
(a) Weekly review of petroleum prices
(b) Implementation of a work-from-home policy
(c) Crackdown on hoarding of petroleum products
(d) Adjustment of the Petroleum Development Levy
Explanation: The government explicitly decided to shelve the proposed fuel conservation plan, which included work-from-home and distance learning measures. The other three options were active policy decisions taken by the government. [Source: https://www.dawn.com/news/1979341/petrol-bomb-falls-on-pakistan-amid-war, 07 Mar 2026]
#14036
Consider the following statements about the incident reported on 2026-03-09: 1. The Prime Minister expressed grief over the loss of two Pakistani lives. 2. The incident occurred due to missile debris in the UAE. 3. The government has announced financial compensation packages for the families. 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 accurate based on the report. Statement 3 is incorrect because the report does not mention any specific financial compensation packages, only the facilitation of repatriation. [Source: https://www.brecorder.com/news/40410709/pm-condoles-death-of-two-pakistanis-in-dubai, 09 Mar 2026]
#14037
Consider the following statements regarding the fuel price situation in March 2026: 1. The government decided to maintain normal activities for at least one week instead of implementing conservation measures. 2. International Brent crude prices were reported to be approaching the $100 per barrel psychological barrier. 3. The government increased the Petroleum Development Levy on high-speed diesel to offset the price hike. 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 government deferred conservation plans. Statement 2 is correct as Brent crude was nearing the $100 mark. Statement 3 is incorrect because the levy on high-speed diesel was actually reduced, not increased. [Source: https://www.dawn.com/news/1979341/petrol-bomb-falls-on-pakistan-amid-war, 07 Mar 2026]
#14038
Which of the following statements regarding the fuel supply situation in March 2026 is INCORRECT?
(a) The tanker Torm Damini offloaded 37,000 tonnes of diesel.
(b) The tanker Nave Atropos is carrying 50,000 tonnes of petrol.
(c) The tanker Sea Clipper is carrying 34,000 tonnes of petrol.
(d) The tanker Spruce 2 is carrying 65,000 tonnes of petrol.
Explanation: The tanker Spruce 2 is carrying 55,000 tonnes of petrol, not 65,000 tonnes. The other figures provided for Torm Damini, Nave Atropos, and Sea Clipper are factually accurate according to the PQA report. [Source: https://www.dawn.com/news/1980592/4-fuel-laden-ships-reach-pakistan-amid-concerns-about-shortages-3-yet-to-berth, 10 Mar 2026]
#14039
On which date in 2026 did the UAE defence ministry initially report the death of a person due to falling debris in Abu Dhabi?
(a) March 01
(b) February 28
(c) March 05
(d) March 08
Explanation: The conflict and the initial interception incidents in Abu Dhabi began on February 28, 2026. March 8 is the date of the report regarding the second fatality in Dubai. [Source: https://www.dawn.com/news/1979732/second-pakistani-killed-in-uae-due-to-falling-debris-from-aerial-interception-amid-ongoing-iran-us-israel-war, 08 Mar 2026]
#14040
Following the price revision on May 15, 2026, what is the new price of petrol per litre in Pakistan?
(a) Rs378.00
(b) Rs415.50
(c) Rs409.78
(d) Rs420.25
Explanation: According to the official notification, the price of petrol was set at Rs409.78 per litre following the Rs5 reduction. Rs378.00 was a previous price point mentioned in the context of earlier fiscal adjustments. [Source: https://www.dawn.com/news/2000498/govt-reduces-petrol-diesel-prices-by-rs5, 15 May 2026]