February 2026 Edition
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February 2026 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#501
Which US Congressman from Montana was part of the delegation that met with the Pakistani military leadership on July 27, 2026?
(a) Ryan Keith Zinke
(b) Michael James
(c) Mike Johnson
(d) None of these
Explanation: Congressman Ryan Keith Zinke of Montana was one of the two US representatives who visited the GHQ. Michael James of Washington was the other member of the delegation. [Source: https://www.brecorder.com/news/40432023/us-lawmakers-meet-field-marshal-munir-discuss-security-economic-cooperation, 27 Jul 2026]
#502
The meeting between the US lawmakers and the Pakistani military leadership on July 27, 2026, primarily focused on which of the following areas?
(a) Climate change mitigation
(b) Educational exchange programs
(c) Regional security and economic cooperation
(d) Space exploration technology
Explanation: The discussions centered on regional security, bilateral defence cooperation, and avenues for expanding economic engagement. These topics are central to the strategic alignment between the two nations. [Source: https://www.brecorder.com/news/40432023/us-lawmakers-meet-field-marshal-munir-discuss-security-economic-cooperation, 27 Jul 2026]
#503
Consider the following statements about the Indian bond market and economic indicators as of July 27, 2026: 1. The 10-year Treasury yield eased to 4.64%. 2. The most liquid five-year swap rate dropped to settle at 6.36%. 3. Analysts at Capital Economics identified strong monsoon rainfall as a primary driver for economic growth. 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 market data provided. Statement 3 is incorrect because analysts identified weak, not strong, monsoon rainfall as a potential inflation risk. [Source: https://www.brecorder.com/news/40432016/india-10-year-bond-yield-logs-biggest-plunge-in-2-months-as-oil-rally-falters, 27 Jul 2026]
#504
According to the June 2026 data, what was the recorded inflation rate in Pakistan?
(a) 11.1 percent
(b) 12.5 percent
(c) 9.8 percent
(d) None of these
Explanation: The inflation rate for June 2026 was reported at 11.1 percent, which remains significantly higher than the SBP's target range of 5-7 percent. This elevated inflation is a primary reason for the cautious monetary policy stance. [Source: https://www.dawn.com/news/2018929/policy-rate-pause-splits-stakeholders, 28 Jul 2026]
#505
The resignation of the Indian Education Minister in July 2026 was primarily triggered by failures in which sector?
(a) Competitive examination systems
(b) Agricultural subsidies
(c) Public healthcare infrastructure
(d) Foreign trade policy
Explanation: The resignation followed repeated failures and paper leaks in competitive exams, such as the NEET, which caused widespread anger among students. The other options are unrelated to the specific portfolio of the Education Minister. [Source: https://www.dawn.com/news/2018741/indias-cockroach-janta-party-demands-release-of-protesters-after-reports-of-detention, 27 Jul 2026]
#506
Which of the following statements regarding the fuel pricing policy in July 2026 is INCORRECT?
(a) The government decided to move toward a daily fuel pricing mechanism.
(b) The All Pakistan Dealers Association expressed support for the daily pricing decision.
(c) The price adjustments were influenced by hostilities in the Persian Gulf.
(d) The Petroleum Division issued a notification regarding the new prices.
Explanation: The All Pakistan Dealers Association rejected the daily pricing decision and threatened to protest, making statement B incorrect. The other statements accurately reflect the government's policy and the context of the price changes. [Source: https://www.dawn.com/news/2019031/govt-increases-petrol-price-by-rs163-hsd-price-by-rs155, 28 Jul 2026]
#507
Consider the following statements about the fuel price adjustments in July 2026: 1. Petrol prices were increased by Rs1.63 per litre. 2. High-speed diesel prices were increased by Rs1.55 per litre. 3. The new prices were made applicable starting from July 29, 2026. 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 notification issued on July 28, 2026. The price hikes for petrol and diesel were Rs1.63 and Rs1.55 respectively, with an effective date of July 29. [Source: https://www.dawn.com/news/2019031/govt-increases-petrol-price-by-rs163-hsd-price-by-rs155, 28 Jul 2026]
#508
On March 10, 2026, what was the primary reason cited for the rise in gold prices?
(a) A strengthening of the US dollar
(b) A weaker US dollar and easing energy costs
(c) An increase in global interest rates
(d) None of these
Explanation: Gold prices rose due to a weaker US dollar and expectations of lower inflation following a potential de-escalation in Middle East tensions, which caused oil prices to drop. A stronger dollar (Option A) typically makes gold more expensive for foreign buyers, leading to a price decline. [Source: https://www.dawn.com/news/1980485/gold-gains-on-weaker-dollar-easing-inflation-concerns, 10 Mar 2026]
#509
Consider the following statements about the current economic environment as of March 10, 2026: 1. Gold prices are inversely related to the strength of the US dollar. 2. A potential de-escalation in the Middle East has led to a decrease in oil prices. 3. The Federal Reserve is expected to raise interest rates significantly at the March 18 meeting. 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 gold prices rise when the dollar weakens, and oil prices fell due to de-escalation news. Statement 3 is incorrect because investors expect the Fed to keep rates steady, not raise them significantly. [Source: https://www.dawn.com/news/1980485/gold-gains-on-weaker-dollar-easing-inflation-concerns, 10 Mar 2026]
#510
Consider the following statements about the Cockroach Janta Party (CJP) movement: 1. The movement was launched in May 2026. 2. The movement initially focused exclusively on unemployment issues. 3. The movement organized protests in New Delhi near the Jantar Mantar site. 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 movement began in May 2026. Statement 2 is incorrect because the movement initially focused on exam paper leaks and judicial remarks, only later broadening its agenda to include unemployment. Statement 3 is correct as Jantar Mantar was the site of the march toward parliament. [Source: https://www.dawn.com/news/2018741/indias-cockroach-janta-party-demands-release-of-protesters-after-reports-of-detention, 27 Jul 2026]
#511
Following the price revision on July 28, 2026, what is the new retail price of high-speed diesel per litre?
(a) Rs335.81
(b) Rs520.35
(c) Rs458.41
(d) Rs388.38
Explanation: The retail price of high-speed diesel was set at Rs388.38 per litre following the July 2026 adjustment. Rs335.81 is the new price for petrol. [Source: https://www.dawn.com/news/2019031/govt-increases-petrol-price-by-rs163-hsd-price-by-rs155, 28 Jul 2026]
#512
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]
#513
Who is the current Petroleum Minister of Pakistan as of March 2026?
(a) Ali Pervaiz Malik
(b) Shehbaz Sharif
(c) Ishaq Dar
(d) None of these
Explanation: Ali Pervaiz Malik is identified as the Petroleum Minister who provided statements regarding fuel costs in March 2026. Shehbaz Sharif is the Prime Minister, not the Petroleum Minister. [Source: https://www.dawn.com/news/1980901/tanker-drivers-claim-they-are-facing-long-waits-at-depots-due-to-fuel-shortage, 11 Mar 2026]
#514
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]
#515
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]
#516
Consider the following statements about the fuel situation in Pakistan in March 2026: 1. The government recently hiked fuel prices by approximately 20 percent. 2. Naval escorts were provided to vessels transporting fuel to ensure supply continuity. 3. The Petroleum Minister confirmed that fuel prices would see immediate and significant changes. 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 hiked prices by 20 percent. Statement 2 is correct as naval escorts were deployed. Statement 3 is incorrect because the Minister stated there would be 'no immediate significant changes' in fuel costs. [Source: https://www.dawn.com/news/1980901/tanker-drivers-claim-they-are-facing-long-waits-at-depots-due-to-fuel-shortage, 11 Mar 2026]
#517
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]
#518
What specific austerity measure was announced by the Prime Minister in March 2026 to address fuel concerns?
(a) Increasing the work week to six days
(b) Banning private vehicle usage on weekends
(c) Slashing the government work week to four days
(d) Closing all international borders for trade
Explanation: The Prime Minister announced an austerity plan that included reducing the working week for government employees to four days to conserve fuel. The other options are either incorrect or not mentioned as part of the official austerity plan. [Source: https://www.dawn.com/news/1980901/tanker-drivers-claim-they-are-facing-long-waits-at-depots-due-to-fuel-shortage, 11 Mar 2026]
#519
Consider the following statements about the economic impact of the 2026 fuel crisis in Pakistan: 1. The government introduced a targeted fuel subsidy programme following significant price hikes in April 2026. 2. The conflict involving Iran began on February 28, 2026, triggering global supply chain disruptions. 3. The price of petrol and high-speed diesel is revised on a monthly basis by the Petroleum Division. 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 correct as they reflect the government's fiscal response and the timeline of the conflict. Statement 3 is incorrect because the government revises prices on a weekly basis, not monthly. [Source: https://www.dawn.com/news/2000498/govt-reduces-petrol-diesel-prices-by-rs5, 15 May 2026]
#520
Consider the following statements regarding the developments in Pakistan's economic and legislative landscape on August 8, 2026:
(a) Only 1 and 2 are correct
(b) Only 2 and 3 are correct
(c) Only 1 and 3 are correct
(d) All statements are correct
Explanation: Statement 1 is incorrect as the BoP President advocated for a 'Welfare GDP' framework to address developmental economics, not specific agricultural cooperation with New Zealand. Statement 2 accurately reflects the KP Assembly's legislative action. Statement 3 accurately describes the economic indicators reported regarding inflation. [Source: https://www.dawn.com/news/2021370/bank-of-punjab-chief-seeks-welfare-gdp]