January 2026 Edition
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January 2026 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#5361
Which critical maritime chokepoint was identified as the focus of US naval escort operations to ensure the continued flow of oil to global markets in March 2026?
(a) Strait of Malacca
(b) Strait of Hormuz
(c) Bab-el-Mandeb Strait
(d) None of these
Explanation: The Strait of Hormuz is the vital maritime passage mentioned in the context of US naval escort operations aimed at maintaining global energy stability. Other options like the Strait of Malacca are major chokepoints but were not the focus of the reported military activity. [Source: https://www.dawn.com/news/1980727/oil-plunges-15pc-amid-hopes-of-de-escalation, 11 Mar 2026]
#5362
Consider the following statements about the geopolitical situation in April 2026: 1. The US-Israeli conflict with Iran commenced in February 2026. 2. The United States prohibited Israel from further bombing in Lebanon. 3. The International Monetary Fund warned that a prolonged conflict could lead to a global recession. 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. The conflict began on February 28, 2026, the US issued a prohibition on further Israeli bombing in Lebanon, and the IMF issued warnings regarding the impact of the conflict on global economic growth. [Source: https://www.dawn.com/news/1992627/iran-says-strait-of-hormuz-open-for-commercial-vessels-after-lebanon-deal, 17 Apr 2026]
#5363
Consider the following statements about the market performance on July 21, 2026: 1. The KSE-100 index opened in the green before experiencing a sharp dip after 12pm. 2. Global oil prices initially fell due to reports of mediation efforts between the US and Iran. 3. The market closed in the red after failing to recover from the midday selling pressure.
(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. Statement 3 is incorrect because the index actually closed in the green with a gain of 205.83 points, despite the midday volatility. [Source: https://www.dawn.com/news/2017214/psx-gains-1200-points-during-intraday-trade-as-oil-eases-amid-us-iran-mediation-efforts, 21 Jul 2026]
#5364
What was the approximate price level of Brent crude per barrel in Asian trade on July 27, 2026, following the reported decline?
(a) Below $85
(b) Above $102
(c) Exactly $98
(d) Below $93
Explanation: Brent crude prices fell to below $93 per barrel after the US and Iran paused strikes. The $102 figure refers to the peak price reached during the previous week of heightened tensions. [Source: https://www.brecorder.com/news/40431972/indian-bonds-rebound-as-easing-middle-east-tensions-drag-oil-lower, 27 Jul 2026]
#5365
The government-mandated austerity drive, as extended by the Prime Minister, is scheduled to remain in effect until which date in 2026?
(a) May 31, 2026
(b) June 30, 2026
(c) June 13, 2026
(d) July 13, 2026
Explanation: The Cabinet Division notification explicitly states that the additional austerity measures are extended until June 13, 2026. Other options represent adjacent months or dates that do not align with the official notification period. [Source: https://www.dawn.com/news/1999437/pm-extends-austerity-drive-till-june-13-to-deal-with-impact-of-middle-east-war, 11 May 2026]
#5366
On May 8, 2026, the IMF Executive Board approved a financing package for Pakistan totaling:
(a) 1.10 billion dollars
(b) 1.32 billion dollars
(c) 4.80 billion dollars
(d) 16.0 billion dollars
Explanation: The IMF approved $1.32 billion in financing during the May 2026 review. While $4.8 billion represents the total cumulative disbursements under the current arrangements, $1.32 billion is the specific amount approved in this tranche. [Source: https://www.dawn.com/news/1998725/imfs-executive-board-approves-12-billion-financing-for-pakistans-reform-programme, 08 May 2026]
#5367
Which official attended the July 16, 2026, meeting as the Governor of the State Bank of Pakistan?
(a) Tariq Bajwa
(b) Muhammad Aurangzeb
(c) Ahsan Iqbal
(d) Jameel Ahmad
Explanation: Jameel Ahmad is the Governor of the State Bank of Pakistan who attended the meeting. Muhammad Aurangzeb and Ahsan Iqbal were present as Federal Ministers, while Tariq Bajwa attended as a Special Assistant to the Prime Minister. [Source: https://www.dawn.com/news/2015941/pm-shehbaz-warns-renewed-us-iran-conflict-could-hit-economy-again, 16 Jul 2026]
#5368
Who served as the Acting Chair during the IMF Executive Board meeting on May 8, 2026?
(a) Kristalina Georgieva
(b) Gita Gopinath
(c) Nigel Clarke
(d) David Malpass
Explanation: Nigel Clarke, the IMF Deputy Managing Director, presided over the meeting as the Acting Chair. The other individuals listed hold or have held different leadership roles within the IMF or World Bank. [Source: https://www.dawn.com/news/1998725/imfs-executive-board-approves-12-billion-financing-for-pakistans-reform-programme, 08 May 2026]
#5369
During his previous visit in April 2026, Finance Minister Aurangzeb discussed Pakistan's plans to return to international capital markets using which financial instruments?
(a) Green Bonds and Samurai Bonds
(b) Sovereign Sukuk and Treasury Bills
(c) Panda Bonds and Eurobonds
(d) Development Loans and Grants
Explanation: The Finance Minister briefed investors on plans to re-enter international capital markets specifically through the issuance of Panda Bonds and Eurobonds. These instruments are intended to diversify Pakistan's external financing sources. [Source: https://www.dawn.com/news/2016679/finance-minister-aurangzeb-arrives-in-us-on-3-day-visit-expected-to-hold-talks-on-trade-finance-investment, 19 Jul 2026]
#5370
The commercial bunkering operation at Gwadar Port was conducted between which dates in 2026?
(a) July 1 and July 3
(b) July 9 and July 11
(c) July 5 and July 7
(d) July 13 and July 15
Explanation: The operation took place from July 9 to July 11, 2026. This timeframe is explicitly documented as the period of the first successful commercial bunkering. [Source: https://www.dawn.com/news/2014650/gwadar-port-carries-out-first-successful-commercial-bunkering-operation, 11 Jul 2026]
#5371
Which sector was specifically identified as a primary contributor to the market recovery on July 21, 2026?
(a) Textile manufacturing
(b) Pharmaceutical production
(c) Banking and refinery
(d) Automobile assembly
Explanation: Banking and refinery stocks were the primary drivers of the late-session recovery, offsetting early losses. Other sectors like textiles or pharmaceuticals were not cited as the main contributors to the index's rebound. [Source: https://www.dawn.com/news/2017152/stocks-eke-out-gains-amid-extreme-volatility, 21 Jul 2026]
#5372
According to the IMF review of May 2026, what was the level of Pakistan's foreign exchange reserves at the end of December 2025?
(a) 16.0 billion dollars
(b) 14.5 billion dollars
(c) 18.2 billion dollars
(d) 20.5 billion dollars
Explanation: The IMF report confirmed that foreign exchange reserves reached $16 billion by the end of December 2025, an increase from the $14.5 billion recorded in June 2025. [Source: https://www.dawn.com/news/1998725/imfs-executive-board-approves-12-billion-financing-for-pakistans-reform-programme, 08 May 2026]
#5373
Which facility, alongside the Extended Fund Facility (EFF), provided funding to Pakistan in the May 2026 IMF review?
(a) Precautionary and Liquidity Line
(b) Poverty Reduction and Growth Trust
(c) Flexible Credit Line
(d) Resilience and Sustainability Facility
Explanation: The financing package consists of funds from the EFF and the Resilience and Sustainability Facility (RSF). The other options are alternative IMF lending instruments not utilized in this specific disbursement. [Source: https://www.dawn.com/news/1998725/imfs-executive-board-approves-12-billion-financing-for-pakistans-reform-programme, 08 May 2026]
#5374
Which of the following statements regarding the July 2026 wildfire dispute is INCORRECT?
(a) The US President suggested that Canada should pay damages for the smoke impact.
(b) The US government has already finalized a permanent trade embargo against Canada.
(c) The wildfire smoke threatened to disrupt the World Cup final.
(d) The US President accused Canada of negligence regarding the fires.
Explanation: There is no evidence that a permanent trade embargo has been finalized; the administration only threatened the use of tariffs as a potential leverage tool. The other statements accurately reflect the events reported on July 21, 2026. [Source: https://www.dawn.com/news/2017162/trump-seeks-damages-from-canada-over-wildfires, 21 Jul 2026]
#5375
Which Canadian Foreign Minister visited Islamabad in July 2026, marking the first such visit in nearly 20 years?
(a) Melanie Joly
(b) Anita Anand
(c) Marc Garneau
(d) Chrystia Freeland
Explanation: Anita Anand conducted the official visit to Pakistan in July 2026, which was noted as the first visit by a Canadian Foreign Minister to the country in approximately two decades. [Source: https://www.dawn.com/news/2017175/canada-announces-over-47m-in-assistance, 21 Jul 2026]
#5376
Consider the following statements about the July 2026 Canada-Pakistan diplomatic engagement: 1. Canada announced $45 million specifically for development assistance including climate resilience and girls' education. 2. The security assistance package of $2.2 million includes partnerships with Interpol and the United Nations Office on Drugs and Crime. 3. Pakistan raised the Kashmir dispute during the bilateral talks with the Canadian Foreign Minister. 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 official outcomes of the visit. The aid is split between development ($45m) and security ($2.2m), and the Kashmir issue was formally raised by the Pakistani side. [Source: https://www.dawn.com/news/2017175/canada-announces-over-47m-in-assistance, 21 Jul 2026]
#5377
Consider the following statements about the diplomatic developments in July 2026: 1. Iranian Foreign Minister Abbas Araghchi identified peace and security as key goals in relations with Islamabad. 2. Pakistan has previously mediated an interim ceasefire between the United States and Iran. 3. The Iranian Interior Minister held talks with the Pakistani Prime Minister and the Chief of Army Staff. 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 events of July 21, 2026. The Foreign Minister emphasized security, Pakistan has a history of mediating the US-Iran conflict, and the Interior Minister's itinerary included meetings with the Prime Minister and the Army Chief. [Source: https://www.dawn.com/news/2017147/araghchi-identifies-peace-security-as-key-goals-in-relations-with-islamabad, 21 Jul 2026]
#5378
Which Iranian official arrived in Islamabad on July 21, 2026, to hold talks regarding the US-Iran conflict?
(a) Eskander Momeni
(b) Abbas Araghchi
(c) Mohammad Javad Zarif
(d) Hossein Amir-Abdollahian
Explanation: Interior Minister Eskander Momeni arrived in Islamabad to discuss the US-Iran conflict with Pakistani leadership. Abbas Araghchi is the Foreign Minister who remained in Tehran to receive the Pakistani ambassador. [Source: https://www.dawn.com/news/2017147/araghchi-identifies-peace-security-as-key-goals-in-relations-with-islamabad, 21 Jul 2026]
#5379
What specific directive did Prime Minister Shehbaz Sharif issue regarding petroleum products during the meeting on July 16, 2026?
(a) To increase the import of crude oil from regional partners
(b) To privatize the state-owned petroleum distribution network
(c) To take strict action against those creating artificial shortages
(d) To implement a total ban on private vehicle fuel consumption
Explanation: The Prime Minister directed provincial governments to take strict action against entities involved in creating artificial shortages of petroleum products to ensure supply stability. The other options were not part of the stated directives. [Source: https://www.dawn.com/news/2015941/pm-shehbaz-warns-renewed-us-iran-conflict-could-hit-economy-again, 16 Jul 2026]
#5380
The intraday volatility on July 21, 2026, was primarily attributed to geopolitical tensions between which two nations?
(a) Pakistan and India
(b) Saudi Arabia and Yemen
(c) Russia and Ukraine
(d) United States and Iran
Explanation: The market volatility was explicitly linked to heightened tensions and exchanged strikes between the United States and Iran. This geopolitical friction caused a risk-off sentiment and an increase in international oil prices. [Source: https://www.dawn.com/news/2017152/stocks-eke-out-gains-amid-extreme-volatility, 21 Jul 2026]