January 2026 Edition
Start January Quiz
January 2026 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#421
What was the total amount generated by the government through the 5G spectrum auction concluded on March 10, 2026?
(a) $480 million
(b) $507 million
(c) $700 million
(d) None of these
Explanation: The government successfully auctioned 480 megahertz of spectrum, which generated a total revenue of $507 million. Option A is incorrect as it confuses the megahertz quantity with the dollar value. [Source: https://www.dawn.com/news/1980473/faster-cheaper-better-480mhz-sold-for-507m-as-5g-spectrum-auction-concludes, 10 Mar 2026]
#422
Which of the following statements regarding the 2026 5G spectrum auction is INCORRECT?
(a) Three telecom companies participated in the bidding process.
(b) The auction included the 3500 MHz frequency band.
(c) Jazz announced plans for 5G test trials at 180 towers.
(d) The government offered a total of 1000 MHz for auction.
Explanation: The government did not offer 1000 MHz; the total spectrum sold was 480 MHz, and the initial offering was significantly lower than 1000 MHz. The other statements are factually accurate based on the auction results. [Source: https://www.dawn.com/news/1980473/faster-cheaper-better-480mhz-sold-for-507m-as-5g-spectrum-auction-concludes, 10 Mar 2026]
#423
Which of the following statements regarding the petroleum pricing notification of June 12, 2026, is INCORRECT?
(a) The price of kerosene was reduced by Rs10 per litre.
(b) The price of high-speed diesel was reduced by Rs2 per litre.
(c) The new prices became effective from June 13, 2026.
(d) The price of petrol was reduced by Rs4 per litre.
Explanation: The notification specifically announced reductions for petrol and high-speed diesel; it did not announce a Rs10 reduction for kerosene. The other three statements accurately reflect the details provided in the official notification. [Source: https://www.dawn.com/news/2007376/govt-slashes-petrol-price-by-rs4-diesel-by-rs2, 12 Jun 2026]
#424
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]
#425
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]
#426
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]
#427
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]
#428
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]
#429
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]
#430
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]
#431
On May 14, 2026, where did the PPP Chairman chair a parliamentary party meeting?
(a) Aiwan-i-Sadr
(b) Parliament House
(c) Prime Minister House
(d) None of these
Explanation: Bilawal Bhutto-Zardari held the parliamentary party meeting at the Parliament House in Islamabad on May 14, 2026. Aiwan-i-Sadr is the official residence of the President and was not the venue for this specific party meeting. [Source: https://www.dawn.com/news/2000262/govt-has-not-contacted-ppp-over-any-constitutional-amendment-bilawal, 14 May 2026]
#432
Consider the following statements about the 2026 financial discussions between Pakistan and the United States: 1. The request for the $10 billion facility was officially confirmed by the Pakistani embassy in Washington. 2. The US Treasury issued a detailed public statement confirming the $10 billion request. 3. The proposed facility aims to improve Pakistan's access to international capital markets. 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 embassy confirmed the request. Statement 2 is incorrect because the US Treasury declined to comment on the specific request. Statement 3 is correct as the embassy readout highlighted road-to-market strategies and improved access to capital markets. [Source: https://www.dawn.com/news/2017402/aurangzeb-seeks-10bn-support-facility-from-us, 22 Jul 2026]
#433
What is the total amount of the Exchange Stabilization Support Facility requested by Pakistan from the United States in 2026?
(a) 5 billion dollars
(b) 8 billion dollars
(c) 12 billion dollars
(d) 10 billion dollars
Explanation: The request made by the Finance Minister to the US Treasury is for a $10 billion facility. Other figures are incorrect as they do not align with the official request reported. [Source: https://www.dawn.com/news/2017402/aurangzeb-seeks-10bn-support-facility-from-us, 22 Jul 2026]
#434
Consider the following statements regarding Pakistan's governance and foreign policy developments as reported in August 2026: 1. The Economic Coordination Committee approved financial assistance for the Pakistan Television Corporation. 2. The Islamabad High Court upheld an order requiring the disclosure of cricketers' salaries and perks. 3. The government has proposed the unbundling of two major gas utilities into five distinct entities.
(a) Only 1 and 2 are correct
(b) Only 1 and 3 are correct
(c) Only 2 and 3 are correct
(d) All statements are correct
Explanation: Statement 1 is correct (ECC approved 13bn for PTV). Statement 2 is incorrect, as the Islamabad High Court actually suspended the order regarding the disclosure of cricketers' salaries. Statement 3 is correct regarding the restructuring of SNGPL and SSGCL into five entities. [Source: https://www.dawn.com/news/2020697/economic-coordination-committee-approves-rs13bn-lifeline-for-struggling-ptv]
#435
Select the correct chronological sequence of official government or judicial actions taken as reported on August 5, 2026:
(a) 1. ECC lifeline to PTV; 2. LHC disposal of rally petition; 3. CJP announcement of women centers; 4. PM strategy on DISCOs
(b) 1. LHC disposal of rally petition; 2. CJP announcement of women centers; 3. ECC lifeline to PTV; 4. PM strategy on DISCOs
(c) 1. CJP announcement of women centers; 2. ECC lifeline to PTV; 3. PM strategy on DISCOs; 4. LHC disposal of rally petition
(d) 1. PM strategy on DISCOs; 2. ECC lifeline to PTV; 3. LHC disposal of rally petition; 4. CJP announcement of women centers
Explanation: These administrative and judicial actions were reported on the same day; however, internal reporting sequences for public interest notifications often follow institutional hierarchy and time-stamping of orders provided by respective departments. [Source: https://www.dawn.com/news/2020762/lhc-disposes-of-pti-petition-for-rally-at-minar-i-pakistan-after-dc-refuses-permission]
#436
The government has set the GDP growth target for the fiscal year 2026-27 at:
(a) 3.6 percent
(b) 4.0 percent
(c) 8.2 percent
(d) None of these
Explanation: The government has officially targeted a GDP growth rate of 4 percent for the fiscal year 2026-27. While 3.6 percent is the fiscal deficit target and 8.2 percent is the inflation projection, 4 percent is the specific growth target. [Source: https://www.dawn.com/news/2007283/govt-unveils-rs188tr-budget-for-fy2026-27-gdp-growth-targeted-at-4pc, 12 Jun 2026]
#437
Consider the following statements about the petroleum fiscal policy in Pakistan as of June 2026: 1. The government charges a climate support levy on petroleum products. 2. Petrol and high-speed diesel are the primary revenue earners among petroleum products. 3. The government revises petroleum prices on a monthly basis. 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 the government levies climate support charges and relies on petrol and HSD for revenue. Statement 3 is incorrect because the government currently revises these prices on a weekly basis, not monthly. [Source: https://www.dawn.com/news/2007376/govt-slashes-petrol-price-by-rs4-diesel-by-rs2, 12 Jun 2026]
#438
What is the total budgetary outlay for the fiscal year 2026-27 as presented by the Finance Minister?
(a) Rs15.2 trillion
(b) Rs12.9 trillion
(c) Rs18.8 trillion
(d) Rs20.5 trillion
Explanation: The federal budget for FY2026-27 was announced with a total outlay of Rs18.8 trillion. This figure represents the government's primary fiscal plan for the upcoming year. [Source: https://www.dawn.com/news/2007283/govt-unveils-rs188tr-budget-for-fy2026-27-gdp-growth-targeted-at-4pc, 12 Jun 2026]
#439
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]
#440
Which of the following statements regarding the 2026-27 budget is INCORRECT?
(a) The average inflation is projected at 8.2 percent.
(b) The government has proposed a 15 percent increase in the salaries and pensions of government employees.
(c) Taxes on sanitary pads and contraceptives have been completely withdrawn.
(d) The fiscal deficit is targeted to be contained at 3.6 percent of GDP.
Explanation: The budget proposed a 7 percent raise in salaries and pensions for government employees, not 15 percent. The other statements accurately reflect the fiscal projections and policy changes announced in the budget. [Source: https://www.dawn.com/news/2007283/govt-unveils-rs188tr-budget-for-fy2026-27-gdp-growth-targeted-at-4pc, 12 Jun 2026]