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.
#5481
Who is the current Petroleum Minister of Pakistan as of March 2026?
(a) Muhammad Aurangzeb
(b) Ali Pervaiz Malik
(c) Murad Ali Shah
(d) None of these
Explanation: Ali Pervaiz Malik is the Petroleum Minister who briefed provincial leadership on fuel reserves. Muhammad Aurangzeb is the Finance Minister, and Murad Ali Shah is the Chief Minister of Sindh. [Source: https://www.dawn.com/news/1979807/three-petrol-shipments-expected-on-monday-petroleum-minister, 08 Mar 2026]
#5482
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]
#5483
What was the total value of Pakistan's exports to the Middle East in fiscal year 2026?
(a) $2.093 billion
(b) $3.093 billion
(c) $4.093 billion
(d) None of these
Explanation: According to State Bank of Pakistan data, exports to the Middle East reached $3.093 billion in FY26. This represents a decline of over 2 percent compared to the previous year. [Source: https://www.dawn.com/news/2018925/pakistans-exports-to-middle-east-dip-in-fy26, 28 Jul 2026]
#5484
What was the peak price per litre reached by high-speed diesel (HSD) on April 3, 2026?
(a) Rs335.86
(b) Rs458.40
(c) Rs311.47
(d) Rs520.35
Explanation: On April 3, 2026, HSD prices reached a peak of Rs520.35 per litre. The other figures represent different historical price points for either petrol or diesel. [Source: https://www.dawn.com/news/2011069/govt-keeps-petrol-diesel-prices-unchanged-till-further-orders, 26 Jun 2026]
#5485
Consider the following statements about the fuel management strategy discussed in March 2026: 1. The government is developing a joint dashboard to monitor fuel reserves across provinces. 2. The Punjab Enforcement and Regulatory Authority has been tasked with monitoring the fuel supply situation. 3. The government has successfully secured a permanent exemption from the petroleum levy from the IMF. 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 they reflect the administrative measures taken to monitor reserves and enforce regulations. Statement 3 is incorrect because the government is only planning to request relief, not that it has already secured a permanent exemption. [Source: https://www.dawn.com/news/1979807/three-petrol-shipments-expected-on-monday-petroleum-minister, 08 Mar 2026]
#5486
The government decided in principle to implement which of the following for petroleum prices effective from March 8, 2026?
(a) Monthly revisions
(b) Quarterly revisions
(c) Weekly revisions
(d) Annual revisions
Explanation: To better manage the volatility of international oil prices, the government decided to shift to weekly revisions of petroleum prices. This allows for more frequent adjustments in line with global market fluctuations. [Source: https://www.dawn.com/news/1979860/pm-shehbaz-to-announce-austerity-plan-tomorrow-amid-global-fuel-crisis, 08 Mar 2026]
#5487
In which district of Khyber Pakhtunkhwa did the mortar shell incident occur on March 8, 2026?
(a) South Waziristan
(b) North Waziristan
(c) Kurram District
(d) None of these
Explanation: The incident took place in the Ghulam Khan area of North Waziristan. South Waziristan and Kurram are adjacent districts but were not the site of this specific event. [Source: https://www.dawn.com/news/1979869/child-killed-four-injured-after-mortar-shell-allegedly-fired-from-afghanistan-lands-in-north-waziristan-neighbourhood, 08 Mar 2026]
#5488
Which fiscal tool did the Prime Minister utilize to reduce the petrol price to Rs378 per litre following the April 2026 price hike?
(a) General sales tax
(b) Petroleum levy
(c) Customs duty
(d) Excise duty
Explanation: The government slashed the petroleum levy by Rs80 per litre to provide immediate relief to consumers. This is a common fiscal instrument used to adjust the final ex-depot price of fuel. [Source: https://www.dawn.com/news/2011069/govt-keeps-petrol-diesel-prices-unchanged-till-further-orders, 26 Jun 2026]
#5489
What was the reported increase in the price of petroleum products announced by the government on March 6, 2026?
(a) Rs 55 per litre
(b) Rs 45 per litre
(c) Rs 35 per litre
(d) Rs 65 per litre
Explanation: The government officially announced a price hike of Rs 55 per litre for petroleum products to manage the regional energy crisis. This figure is a specific data point provided in the official government communication. [Source: https://www.dawn.com/news/1979860/pm-shehbaz-to-announce-austerity-plan-tomorrow-amid-global-fuel-crisis, 08 Mar 2026]
#5490
The injured victims of the March 8, 2026, incident were transported to which medical facility?
(a) District Headquarters Hospital, Bannu
(b) Tehsil Headquarters Hospital, Miranshah
(c) Combined Military Hospital, Peshawar
(d) None of these
Explanation: Local residents transported the injured to the Tehsil Headquarters Hospital in Miranshah for emergency treatment. Other hospitals listed are not the primary facilities mentioned for this specific incident. [Source: https://www.dawn.com/news/1979869/child-killed-four-injured-after-mortar-shell-allegedly-fired-from-afghanistan-lands-in-north-waziristan-neighbourhood, 08 Mar 2026]
#5491
On March 8, 2026, the Prime Minister's Office announced that the government would unveil an austerity plan in response to a crisis caused by which of the following?
(a) US/Israel-Iran war
(b) Global wheat shortage
(c) Regional monsoon flooding
(d) None of these
Explanation: The government cited the global fuel crisis resulting from the US/Israel-Iran war as the primary driver for the proposed austerity measures. Other options are unrelated to the specific energy-focused policy announcement. [Source: https://www.dawn.com/news/1979860/pm-shehbaz-to-announce-austerity-plan-tomorrow-amid-global-fuel-crisis, 08 Mar 2026]
#5492
The global fuel supply crunch mentioned in the context of the 2026 price hikes is attributed to the closure of which strategic maritime chokepoint?
(a) Suez Canal
(b) Malacca Strait
(c) Bab-el-Mandeb Strait
(d) Strait of Hormuz
Explanation: The closure of the Strait of Hormuz, which historically handles one-fifth of global oil and gas supplies, is cited as a primary cause for the global fuel market volatility. The other straits listed are critical maritime routes but were not the focus of this specific supply disruption. [Source: https://www.dawn.com/news/1994758/govt-hikes-petrol-high-speed-diesel-prices-by-rs26, 24 Apr 2026]
#5493
The 2026 FIFA World Cup was jointly hosted by which of the following groups of nations?
(a) United States, Brazil, and Mexico
(b) Canada, Mexico, and Argentina
(c) United States, Canada, and Mexico
(d) United States, Canada, and Brazil
Explanation: The 2026 FIFA World Cup was hosted across the United States, Canada, and Mexico. The other options include countries that were not part of the official host consortium. [Source: https://www.dawn.com/news/2017229/5-questions-that-continue-to-linger-after-the-fifa-world-cup, 21 Jul 2026]
#5494
Consider the following statements about the 2026 FIFA World Cup: 1. The tournament was the most expansive edition held to date. 2. The final match featured a halftime show inspired by the Super Bowl. 3. FIFA's disciplinary processes were praised for their absolute transparency throughout the tournament. 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 tournament was described as the most expansive. Statement 2 is correct regarding the introduction of a Super Bowl-style halftime show. Statement 3 is incorrect because the tournament was specifically criticized for a lack of transparency in disciplinary processes. [Source: https://www.dawn.com/news/2017229/5-questions-that-continue-to-linger-after-the-fifa-world-cup, 21 Jul 2026]
#5495
Consider the following statements about the government's austerity measures announced in March 2026: 1. The Prime Minister decided to review the work-from-home and distance learning plan on a weekly basis. 2. The government reported that the country currently lacks adequate reserves of petrol and diesel. 3. The Prime Minister urged federal and provincial ministers to play an effective role in resource provision. 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 PM decided to review the contingency plan weekly. Statement 2 is incorrect because the government explicitly stated that the country had adequate reserves of petrol and diesel. Statement 3 is correct as the PM called for active participation from all ministers. [Source: https://www.dawn.com/news/1979860/pm-shehbaz-to-announce-austerity-plan-tomorrow-amid-global-fuel-crisis, 08 Mar 2026]
#5496
Who were the two federal ministers responsible for announcing the fuel price adjustments on April 2, 2026?
(a) Ali Pervaiz Malik and Muhammad Aurangzeb
(b) Bilal Yaseen and Shehbaz Sharif
(c) Muhammad Aurangzeb and Bilal Yaseen
(d) Ali Pervaiz Malik and Shehbaz Sharif
Explanation: Petroleum Minister Ali Pervaiz Malik and Finance Minister Muhammad Aurangzeb jointly announced the fuel price revisions on April 2, 2026. Other combinations include the Prime Minister or other provincial ministers who were not the primary spokespersons for this specific announcement. [Source: https://www.dawn.com/news/1994758/govt-hikes-petrol-high-speed-diesel-prices-by-rs26, 24 Apr 2026]
#5497
Who is the current Chief Minister of Sindh who announced the fare freeze on April 5, 2026?
(a) Syed Qaim Ali Shah
(b) Murad Ali Shah
(c) Sardar Ali Shah
(d) None of these
Explanation: Murad Ali Shah is the Chief Minister of Sindh who held the press conference at CM House to announce the agreement with transporters. The other names are either former chief ministers or provincial ministers not holding the CM office at the time of the event. [Source: https://www.dawn.com/news/1988836/sindh-cm-secures-fare-freeze-after-talks-with-transporters-amid-fuel-price-hike, 05 Apr 2026]
#5498
Consider the following statements about the pre-budget consultations held in June 2026: 1. The federal government aims to present the budget for FY2026-27 on June 10. 2. The PPP delegation expressed reservations regarding the proposed tax measures. 3. The President directed that growth rates should be harmonized with public welfare schemes. 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 reports of the meeting. The government scheduled the budget presentation for June 10, the PPP raised tax concerns, and the President emphasized the need for welfare-oriented growth. [Source: https://www.dawn.com/news/2006163/in-meeting-with-pm-president-stresses-provincial-rights-economic-stability-in-upcoming-budget, 08 Jun 2026]
#5499
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]
#5500
Which of the following statements regarding the fuel price adjustments in 2026 is INCORRECT?
(a) The government has been revising petroleum prices on a weekly basis on Friday nights.
(b) The price of petrol and high-speed diesel was increased by Rs26.77 on April 24, 2026.
(c) The government has maintained a consistent fuel price throughout the year without any reductions.
(d) High-speed diesel is used for heavy transport and large generators.
Explanation: The statement that prices remained consistent is false, as the government frequently adjusted prices, including significant reductions in early April 2026. The other options accurately reflect the operational and fiscal realities described. [Source: https://www.dawn.com/news/1994758/govt-hikes-petrol-high-speed-diesel-prices-by-rs26, 24 Apr 2026]