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.
#8641
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]
#8642
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]
#8643
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]
#8644
Consider the following statements regarding the IMF's assessment of Pakistan's economy in May 2026: 1. The IMF flagged the Middle East war as a source of heightened geopolitical risk. 2. Pakistan met structural benchmarks related to tax policy and energy pricing. 3. The IMF recommended an immediate expansionary fiscal policy to stimulate 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 correct as they reflect the IMF's stated concerns and the conditions met by Pakistan. Statement 3 is incorrect because the IMF explicitly recommended gradual fiscal consolidation, not expansionary policy. [Source: https://www.dawn.com/news/1998725/imfs-executive-board-approves-12-billion-financing-for-pakistans-reform-programme, 08 May 2026]
#8645
What was the approximate market value of CXMT Corp in US dollars following its debut on July 27, 2026?
(a) $243.26 billion
(b) $443.26 billion
(c) $343.26 billion
(d) $543.26 billion
Explanation: The market value of CXMT Corp reached over 3 trillion yuan, which is equivalent to approximately $443.26 billion. The other options represent incorrect valuations for this specific event. [Source: https://www.brecorder.com/news/40431979/china-stocks-rise-as-cxmts-debut-surge-revives-interest-in-battered-shares, 27 Jul 2026]
#8646
Which of the following statements regarding the PSX market performance on July 21, 2026, is INCORRECT?
(a) The KSE-100 index closed in positive territory.
(b) The index opened the session with a gain of over 1,000 points.
(c) The market experienced a wide intraday range of 2,493 points.
(d) Banking and refinery stocks helped erase sharp intraday losses.
Explanation: The market actually opened on a depressed note, with the benchmark index opening nearly 2,000 points lower, not higher. Therefore, statement C is factually false. [Source: https://www.dawn.com/news/2017152/stocks-eke-out-gains-amid-extreme-volatility, 21 Jul 2026]
#8647
What was the closing value of the KSE-100 index on July 21, 2026?
(a) 173,636.00
(b) 175,927.74
(c) 176,129.00
(d) None of these
Explanation: The KSE-100 index closed at 175,927.74 after recovering from its intraday low. The other values represent the intraday low and high points, respectively. [Source: https://www.dawn.com/news/2017152/stocks-eke-out-gains-amid-extreme-volatility, 21 Jul 2026]
#8648
Consider the following statements about Kylian Mbappe's World Cup career: 1. He scored four goals in the 2018 World Cup. 2. He scored eight goals in the 2022 World Cup. 3. He has participated in three World Cup campaigns as of 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. Mbappe scored 4 goals in 2018, 8 goals in 2022, and the 2026 tournament marked his third World Cup campaign. [Source: https://www.dawn.com/news/2016719/frances-mbappe-becomes-world-cups-all-time-top-scorer, 19 Jul 2026]
#8649
Consider the following statements about the PSX session on July 21, 2026: 1. The KSE-100 index gained 0.07 percent by the end of the session. 2. International oil prices increased by approximately 3 percent at the market open. 3. United Bank and Hub Power were among the top contributors to the benchmark index. 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 market report for July 21, 2026. The index gained 0.07 percent, oil prices rose by 3 percent, and the mentioned companies were key contributors to the recovery. [Source: https://www.dawn.com/news/2017152/stocks-eke-out-gains-amid-extreme-volatility, 21 Jul 2026]
#8650
Consider the following statements about the legal proceedings in the motorway gang-rape case: 1. The trial court sentenced the convicts to death under Section 376(ii) of the PPC. 2. The prosecution relied on DNA analysis and forensic reports to link the accused to the crime. 3. The Lahore High Court bench dismissed the appeals on June 3, 2026, via a short order. 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: the death penalty was awarded under Section 376(ii), forensic evidence was central to the prosecution's case, and the short order was indeed issued on June 3, 2026. [Source: https://www.dawn.com/news/2017293/lhc-confirms-death-sentences-of-convicts-in-motorway-gang-rape-case, 21 Jul 2026]
#8651
Which international benchmark crude oil price dropped below $90 a barrel on July 27, 2026?
(a) West Texas Intermediate
(b) North Sea Brent
(c) OPEC Reference Basket
(d) Dubai Crude
Explanation: North Sea Brent crude shed more than seven percent early on July 27, 2026, to briefly drop below $90 a barrel, contributing to improved market sentiment. [Source: https://www.dawn.com/news/2018715/psx-opens-week-in-the-green-gains-more-than-7000-points-to-close-above-178000-mark, 27 Jul 2026]
#8652
To which High Court was Justice Mohsin Akhtar Kayani transferred in the notification issued on April 29, 2026?
(a) Lahore High Court
(b) Peshawar High Court
(c) Sindh High Court
(d) None of these
Explanation: The Ministry of Law and Justice notified the transfer of Justice Mohsin Akhtar Kayani to the Lahore High Court. The other options represent different High Courts to which other judges were transferred. [Source: https://www.dawn.com/news/1996098/law-ministry-notifies-transfer-of-3-ihc-judges-to-other-high-courts, 29 Apr 2026]
#8653
Brent crude futures fell to approximately what price per barrel on March 11, 2026, following the market's reaction to de-escalation hopes?
(a) 105.60 dollars
(b) 92.45 dollars
(c) 84.73 dollars
(d) 119.00 dollars
Explanation: Brent futures dropped to $84.73 per barrel on March 11, 2026, representing a sharp decline from the session highs observed earlier in the week. The other values represent either higher price points or incorrect benchmarks. [Source: https://www.dawn.com/news/1980727/oil-plunges-15pc-amid-hopes-of-de-escalation, 11 Mar 2026]
#8654
Consider the following statements about the recent judicial transfers in April 2026: 1. The Islamabad Bar Council expressed concerns regarding the lack of transparency and uniform criteria in the transfer process. 2. The transferred judges were among those who previously reported alleged intelligence interference in judicial affairs. 3. Refusal to accept a transfer under the current constitutional framework may lead to proceedings under Article 209. 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 April 2026. The IBC criticized the process, the judges had a history of reporting interference, and the law now stipulates potential Article 209 proceedings for non-compliance. [Source: https://www.dawn.com/news/1996098/law-ministry-notifies-transfer-of-3-ihc-judges-to-other-high-courts, 29 Apr 2026]
#8655
What specific event in 2026 was cited by many service members as a 'breaking point' for their decision to seek conscientious objector status?
(a) The deployment of troops to the Gaza border
(b) The bombing of a girls' elementary school in Iran
(c) The collapse of diplomatic talks in Tehran
(d) The withdrawal of forces from regional bases
Explanation: The US bombing of the Minab Shajareh Tayyebeh girls' elementary school in Iran is frequently mentioned by service members as the catalyst for their moral opposition to the conflict. The Pentagon later acknowledged US fault in this strike. [Source: https://www.dawn.com/news/1990665/conscientious-objections-to-war-rise-sharply-in-us, 11 Apr 2026]
#8656
Which of the following statements regarding the Lahore High Court judgment issued on July 21, 2026, is INCORRECT?
(a) The court accepted the Punjab government's appeal to enhance the life imprisonment sentences.
(b) The court confirmed the death sentences awarded to the convicts.
(c) The court ruled that the prosecution established charges beyond reasonable doubt.
(d) The court rejected the criminal appeals filed by the convicts.
Explanation: The court rejected the Punjab government's appeal seeking the enhancement of the life imprisonment sentences, making statement B the incorrect one. [Source: https://www.dawn.com/news/2017293/lhc-confirms-death-sentences-of-convicts-in-motorway-gang-rape-case, 21 Jul 2026]
#8657
On July 21, 2026, the Lahore High Court issued a detailed judgment confirming the death sentences for convicts in which high-profile case?
(a) Sahiwal encounter case
(b) Lahore-Sialkot Motorway gang-rape case
(c) Model Town incident case
(d) None of these
Explanation: The Lahore High Court confirmed the death sentences for Abid Ali and Shafqat Ali regarding the 2020 Lahore-Sialkot Motorway gang-rape incident. The other options refer to different high-profile legal cases in Pakistan. [Source: https://www.dawn.com/news/2017293/lhc-confirms-death-sentences-of-convicts-in-motorway-gang-rape-case, 21 Jul 2026]
#8658
Which political organization was identified as the primary driver behind the student-led protests in New Delhi in July 2026?
(a) Aam Aadmi Party
(b) Cockroach Janta Party
(c) Samajwadi Party
(d) Trinamool Congress
Explanation: The Cockroach Janta Party (CJP) is the movement that gained millions of followers on social media and organized the protests against examination irregularities. While the Samajwadi Party chief was present at the protest, the CJP is the entity credited with launching the movement. [Source: https://www.dawn.com/news/2017219/indian-opposition-leader-gandhi-arrested-outside-pm-modis-delhi-residence-amid-mass-protest, 21 Jul 2026]
#8659
Regarding the security and administrative developments reported on July 18, 2026, consider the following statements: 1. Security forces conducted an intelligence-based operation in Wana to intercept an explosive-laden vehicle. 2. The Counter Terrorism Department (CTD) neutralized a wanted terrorist specifically in the Dera Ismail Khan region. 3. The Lawyers Action Committee (LAC) has expressed support for the current government's judicial appointment process. Which of the following describes the accuracy of these statements?
(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: Statements 1 and 2 accurately reflect success in intelligence-based operations in Wana and DI Khan respectively. Statement 3 is incorrect because the Lawyers Action Committee has denounced the current judicial appointment process as 'horse trading' and has initiated a protest movement against it. [Source: https://www.dawn.com/news/2016455/terrorist-killed-as-security-forces-destroy-explosive-laden-vehicle-intended-for-suicide-attack-in-wana-state-media]
#8660
Consider the following statements regarding the global oil market situation in March 2026: 1. Crude benchmarks had surged to their highest levels since 2022 prior to the price plunge. 2. The US administration expressed concerns that high energy prices could negatively impact consumer sentiment before midterm elections. 3. Market analysts suggested that the initial price surge was an overreaction to the upside, while the subsequent plunge was an overreaction to the downside. 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 market conditions and expert commentary provided in the report. The surge to 2022 levels, the political sensitivity of energy prices, and the assessment of market overreaction are all verified components of the event. [Source: https://www.dawn.com/news/1980727/oil-plunges-15pc-amid-hopes-of-de-escalation, 11 Mar 2026]