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.
#1221
What was the total monetary value of the fine imposed by the EU on AliExpress on July 21, 2026?
(a) $630 million
(b) $200 million
(c) $120 million
(d) $550 million
Explanation: The EU imposed a fine of 550 million euros, which is equivalent to $630 million. The other figures represent fines previously issued to other companies like Temu and X. [Source: https://www.dawn.com/news/2017112/eu-imposes-630m-fine-on-aliexpress-over-illegal-products, 21 Jul 2026]
#1222
In April 2026, the government raised $500 million in the international capital market through which financial instrument?
(a) Sovereign Sukuk
(b) Treasury Bill
(c) Commercial Loan
(d) Eurobond
Explanation: The government successfully raised $500 million through a Eurobond issuance in April 2026, marking the first such issuance in four years. This is part of a broader strategy to diversify financing sources beyond traditional bilateral loans. [Source: https://www.dawn.com/news/1993003/sbp-says-govt-has-paid-2bn-to-uae, 18 Apr 2026]
#1223
Consider the following statements about Pakistan's external debt management in April 2026: 1. The UAE loan being repaid was originally extended in 2019. 2. Pakistan has requested significant changes to its $7 billion IMF lending programme due to the Middle East conflict. 3. The central bank's foreign exchange reserves were reported at $20.52 billion as of April 10, 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: Statement 1 is correct as the UAE loan dates back to 2019. Statement 3 is correct regarding the reserve figures reported by the SBP. Statement 2 is incorrect because the Finance Minister stated that while the IMF programme is an option, the government has not yet requested changes to it. [Source: https://www.dawn.com/news/1993003/sbp-says-govt-has-paid-2bn-to-uae, 18 Apr 2026]
#1224
What is the interest rate offered on the Eurobond issued by Pakistan in April 2026?
(a) 5.975 percent
(b) 8.975 percent
(c) 7.975 percent
(d) 6.975 percent
Explanation: The sovereign yield for the 2026 Eurobond issuance was set at 6.975 percent. This rate reflects the market's assessment of the risk and the government's re-entry into global capital markets. [Source: https://www.dawn.com/news/1993495/pakistan-increases-eurobond-from-500m-to-750m, 20 Apr 2026]
#1225
What was the performance of energy shares on the Australian market on July 27, 2026?
(a) They rose by 3.3%
(b) They remained unchanged
(c) They slid by 3.3%
(d) None of these
Explanation: Energy shares declined by as much as 3.3% on July 27, 2026, marking their worst session since June 17, 2026, due to falling oil prices. [Source: https://www.brecorder.com/news/40431982/australian-shares-rise-nearly-1-as-middle-east-de-escalation-boosts-sentiment, 27 Jul 2026]
#1226
Which of the following statements regarding the 2026 FIFA World Cup is INCORRECT?
(a) The tournament featured 104 matches in total.
(b) Stadiums were filled to 99.7 percent of their capacity.
(c) The average attendance per match was 65,351.
(d) The tournament prize pool was decreased compared to the 2022 event.
Explanation: The prize pool was actually increased by 15 percent to 871 million dollars, not decreased. The other statements accurately reflect the attendance and match volume statistics reported for the 2026 event. [Source: https://www.dawn.com/news/2017102/with-more-game-fifa-showpiece-shatters-attendance-and-tv-records, 21 Jul 2026]
#1227
Which of the following statements regarding Pakistan's external debt management in April 2026 is INCORRECT?
(a) Pakistan repaid a $1.3 billion Eurobond on April 8, 2026.
(b) Pakistan returned $2 billion to the United Arab Emirates.
(c) Saudi Arabia reduced its support facility for Pakistan to $2 billion.
(d) The government is utilizing the Global Medium-Term Note (GMTN) programme.
Explanation: Saudi Arabia actually increased its support facility for Pakistan to $8 billion from $5 billion, rather than reducing it. The other statements accurately reflect the debt repayment and financing activities reported in April 2026. [Source: https://www.dawn.com/news/1993495/pakistan-increases-eurobond-from-500m-to-750m, 20 Apr 2026]
#1228
Consider the following statements about the Eurobond issuance in April 2026: 1. It marked Pakistan's first return to international capital markets in four years. 2. The issuance was exclusively funded by domestic commercial banks. 3. The government intends to use the momentum to support future issuances under the GMTN programme. 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 issuance ended a four-year hiatus. Statement 2 is incorrect because the bonds were placed with global institutional investors, not domestic banks. Statement 3 is correct as the government explicitly stated the issuance builds momentum for future GMTN activity. [Source: https://www.dawn.com/news/1993495/pakistan-increases-eurobond-from-500m-to-750m, 20 Apr 2026]
#1229
Which index experienced a decline of almost 19 percent from its all-time highs during July 2026?
(a) Philadelphia SE Semiconductor Index
(b) Nasdaq Composite Index
(c) S&P 500 Technology Index
(d) None of these
Explanation: The Philadelphia SE Semiconductor index faced significant turbulence in July 2026, dropping nearly 19 percent as investors reassessed the sustainability of the AI-driven market rally. [Source: https://www.dawn.com/news/2016222/apple-closes-in-on-nvidia-in-race-for-worlds-most-valuable-company, 17 Jul 2026]
#1230
According to the CME’s FedWatch tool, what is the market expectation for the US Federal Reserve's interest rate decision in the meeting following July 27, 2026?
(a) No rate change
(b) A rate cut
(c) A rate hike
(d) A gradual phase-out of rates
Explanation: Market participants priced in a 63.7% probability that the Federal Reserve would maintain flat interest rates. Stable rates are viewed as beneficial for growth-dependent commodities like copper. [Source: https://www.brecorder.com/news/40431973/copper-gains-on-mideast-de-escalation-oil-price-drop, 27 Jul 2026]
#1231
All of the following are cited as areas of concern or policy focus for China in the March 2026 press conference EXCEPT:
(a) Tensions in the South China Sea
(b) Expansion of the BRICS currency
(c) Wars in the Middle East and Ukraine
(d) US-China trade tariffs
Explanation: The press conference specifically addressed trade tariffs, the South China Sea, and the conflicts in the Middle East and Ukraine. The expansion of the BRICS currency was not a primary topic mentioned in the briefing. [Source: https://www.dawn.com/news/1979786/chinese-fm-urges-us-to-manage-differences-in-face-of-trade-woes, 08 Mar 2026]
#1232
What was the total prize pool for the 2026 FIFA World Cup?
(a) 440 million dollars
(b) 4 billion dollars
(c) 871 million dollars
(d) 7 billion dollars
Explanation: The total prize pool for the 2026 tournament was increased to 871 million dollars, up from 440 million dollars in the 2022 Qatar tournament. The 4 billion dollar figure refers to projected TV rights revenue, while 7 billion refers to total projected revenue. [Source: https://www.dawn.com/news/2017102/with-more-game-fifa-showpiece-shatters-attendance-and-tv-records, 21 Jul 2026]
#1233
What was the total number of teams participating in the 2026 FIFA World Cup?
(a) 32 teams
(b) 48 teams
(c) 40 teams
(d) 64 teams
Explanation: The 2026 FIFA World Cup was expanded to include 48 teams, which FIFA President Gianni Infantino noted as a primary driver for the record-breaking attendance and viewership figures. This is a significant increase from the previous 32-team format used in earlier tournaments. [Source: https://www.dawn.com/news/2017102/with-more-game-fifa-showpiece-shatters-attendance-and-tv-records, 21 Jul 2026]
#1234
Consider the following statements about the 2026 FIFA World Cup: 1. FIFA projected total revenues for 2026 to exceed seven billion euros. 2. The tournament saw a 56 percent increase in revenue compared to the 2022 Qatar World Cup. 3. Each participating team was guaranteed a minimum of 50 million dollars. 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 regarding revenue projections and growth. Statement 3 is incorrect because the guaranteed minimum for each participating team was 12.5 million dollars, while 50 million dollars was the prize for the tournament winners. [Source: https://www.dawn.com/news/2017102/with-more-game-fifa-showpiece-shatters-attendance-and-tv-records, 21 Jul 2026]
#1235
Which of the following is NOT a US institution that the Finance Minister is scheduled to engage with during his July 2026 visit?
(a) Federal Bureau of Investigation (FBI)
(b) US International Development Finance Corporation (DFC)
(c) US Export-Import (Exim) Bank
(d) International Monetary Fund (IMF)
Explanation: The Finance Minister's visit focuses on economic and financial institutions; the FBI is a law enforcement agency and is not involved in trade or tariff negotiations. The other three organizations are explicitly mentioned as part of the official itinerary. [Source: https://www.dawn.com/news/2016143/finance-minister-to-visit-washington-for-trade-tariff-talks-with-us, 17 Jul 2026]
#1236
The Reserve Bank of Australia is expected to meet in which month following the July 27, 2026, market session?
(a) August 2026
(b) September 2026
(c) October 2026
(d) November 2026
Explanation: The Reserve Bank of Australia was scheduled to meet in August 2026, with investors awaiting inflation data to determine the likelihood of a cash rate hike. [Source: https://www.brecorder.com/news/40431982/australian-shares-rise-nearly-1-as-middle-east-de-escalation-boosts-sentiment, 27 Jul 2026]
#1237
Which index serves as the benchmark for China's large-cap stocks mentioned in the context of the July 27, 2026 market performance?
(a) CSI300 Index
(b) Hang Seng Index
(c) Nikkei 225 Index
(d) KSE100 Index
Explanation: The CSI300 Index is the primary benchmark for large-cap stocks in China. The Hang Seng and Nikkei are indices for Hong Kong and Japan, respectively, while the KSE100 is the benchmark for the Pakistan Stock Exchange. [Source: https://www.brecorder.com/news/40431979/china-stocks-rise-as-cxmts-debut-surge-revives-interest-in-battered-shares, 27 Jul 2026]
#1238
Who is the current Finance Minister of Pakistan leading the trade and tariff negotiations in Washington as of July 2026?
(a) Muhammad Aurangzeb
(b) Ishaq Dar
(c) Shaukat Tarin
(d) None of these
Explanation: Muhammad Aurangzeb is the serving Finance Minister who traveled to Washington in July 2026 to engage with US officials regarding trade agreements and tariff structures. The other individuals listed are former finance ministers. [Source: https://www.dawn.com/news/2016143/finance-minister-to-visit-washington-for-trade-tariff-talks-with-us, 17 Jul 2026]
#1239
Consider the following statements about the 2026 Champions League final: 1. PSG became the second team in the Champions League era to win consecutive titles. 2. The final score after extra time was 1-1. 3. Arsenal's only previous Champions League final appearance was against Real Madrid. 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. Statement 3 is incorrect because Arsenal's only previous final appearance was against Barcelona in 2006, not Real Madrid. [Source: https://www.dawn.com/news/2004042/psg-edge-arsenal-on-penalties-to-retain-champions-league-title, 30 May 2026]
#1240
Following its debut on July 27, 2026, CXMT Corp became the largest China-listed company by market capitalization, surpassing which of the following institutions?
(a) Industrial and Commercial Bank of China
(b) Bank of China
(c) China Construction Bank
(d) None of these
Explanation: CXMT Corp's market valuation exceeded 3 trillion yuan, allowing it to surpass the Industrial and Commercial Bank of China in market capitalization. The other options are major Chinese banks but were not the specific entity cited as being dwarfed by the new listing. [Source: https://www.brecorder.com/news/40431979/china-stocks-rise-as-cxmts-debut-surge-revives-interest-in-battered-shares, 27 Jul 2026]