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.
#861
Consider the following statements about Pakistan's economic outlook for 2026: 1. The government expects inflationary pressures to ease due to the reopening of the Strait of Hormuz. 2. The size of the national economy reached 452.1 billion dollars by the end of the fiscal year. 3. The consumer price index (CPI) inflation for June 2026 was recorded at 15 percent. 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 factually correct based on the Ministry of Finance report. Statement 3 is incorrect because the ministry anticipated June inflation to remain within the range of 11-12 percent, not 15 percent. [Source: https://www.dawn.com/news/2011978/govt-expects-easing-inflationary-pressure-in-new-fiscal-year-following-reopening-of-strait-of-hormuz, 30 Jun 2026]
#862
The primary surplus achieved by Pakistan during the period of July 2025 to April 2026 was:
(a) 3.5 percent of GDP
(b) 3.0 percent of GDP
(c) 2.5 percent of GDP
(d) 4.0 percent of GDP
Explanation: Effective expenditure management and revenue mobilization efforts enabled the government to achieve a primary surplus of 3.5 percent of GDP during the Jul-Apr period of the 2026 fiscal year. [Source: https://www.dawn.com/news/2011978/govt-expects-easing-inflationary-pressure-in-new-fiscal-year-following-reopening-of-strait-of-hormuz, 30 Jun 2026]
#863
According to the Ministry of Finance, the current account recorded a surplus of how much during the period of July 2025 to May 2026?
(a) 155 million dollars
(b) 255 million dollars
(c) 355 million dollars
(d) None of these
Explanation: The external sector remained stable, with the current account recording a surplus of 255 million dollars during the Jul-May period of the 2026 fiscal year, supported by remittances and IT exports. [Source: https://www.dawn.com/news/2011978/govt-expects-easing-inflationary-pressure-in-new-fiscal-year-following-reopening-of-strait-of-hormuz, 30 Jun 2026]
#864
What was the real GDP growth rate of Pakistan for the fiscal year ending in 2026?
(a) 2.7 percent
(b) 5.7 percent
(c) 4.7 percent
(d) 3.7 percent
Explanation: The Ministry of Finance reported that real GDP growth reached 3.7 percent, marking the highest growth rate in four years. This figure reflects the broad-based recovery across the agriculture, industry, and services sectors. [Source: https://www.dawn.com/news/2011978/govt-expects-easing-inflationary-pressure-in-new-fiscal-year-following-reopening-of-strait-of-hormuz, 30 Jun 2026]
#865
All of the following are cited as factors contributing to Pakistan's economic stability in 2026 EXCEPT:
(a) Record workers' remittances
(b) Increased reliance on foreign grants
(c) Expansion in large-scale manufacturing
(d) Continued growth in IT exports
Explanation: The government emphasizes fiscal discipline, remittances, and IT exports as drivers of stability. Reliance on foreign grants is not cited as a primary pillar of the current economic outlook. [Source: https://www.dawn.com/news/2011978/govt-expects-easing-inflationary-pressure-in-new-fiscal-year-following-reopening-of-strait-of-hormuz, 30 Jun 2026]
#866
On May 4, 2026, which specific facility in the United Arab Emirates was targeted by a drone attack?
(a) Jebel Ali Port
(b) Fujairah Oil Industry Zone
(c) Khalifa Port
(d) None of these
Explanation: The Fujairah Oil Industry Zone was the site of the drone attack on May 4, 2026, which caused a fire and injuries to three workers. Jebel Ali and Khalifa are other major UAE ports but were not the location of this specific incident. [Source: https://www.dawn.com/news/1997510/fujairah-oil-zone-hit-by-drone-attack-as-uae-says-it-intercepted-iranian-missiles, 04 May 2026]
#867
Consider the following statements about the regional security situation as of May 4, 2026: 1. Iran's Revolutionary Guards Navy has claimed an expansion of areas under its control near the Strait of Hormuz. 2. The UAE has successfully maintained a total absence of drone and missile threats since the April 2026 ceasefire. 3. The Port of Khorfakkan was identified by Iranian authorities as being within their expanded area of control. 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 3 are correct as they reflect the claims made by the Iranian Revolutionary Guards Navy regarding the expansion of their control. Statement 2 is incorrect because the ceasefire was shattered by the May 4, 2026, drone attack, and the UAE had faced significant threats throughout the conflict period. [Source: https://www.dawn.com/news/1997510/fujairah-oil-zone-hit-by-drone-attack-as-uae-says-it-intercepted-iranian-missiles, 04 May 2026]
#868
Who is the current Petroleum Minister of Pakistan as of April 2026?
(a) Musadik Malik
(b) Ali Pervaiz Malik
(c) Jam Kamal Khan
(d) None of these
Explanation: Ali Pervaiz Malik is the Petroleum Minister who addressed the Reuters report regarding LNG procurement strategies. Musadik Malik is a common distractor due to his previous involvement in the energy ministry. [Source: https://www.dawn.com/news/1992034/pakistan-considering-buying-lng-on-spot-market-to-offset-supply-disruptions-caused-by-iran-war-petroleum-minister, 15 Apr 2026]
#869
Consider the following statements about the energy situation in Pakistan as of April 2026: 1. Spot LNG prices have surged to between $20 and $30 per mmBtu due to Middle East conflict. 2. Eight out of ten fertilizer plants in the country are currently operational despite gas supply disruptions. 3. The Baragzai X-01 well is expected to contribute approximately 25% of Pakistan's total crude output. 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 factually correct based on the report. Statement 3 is incorrect because the well is expected to contribute about 10% of crude output, not 25%. [Source: https://www.dawn.com/news/1992034/pakistan-considering-buying-lng-on-spot-market-to-offset-supply-disruptions-caused-by-iran-war-petroleum-minister, 15 Apr 2026]
#870
Which of the following statements regarding Pakistan's energy strategy in April 2026 is INCORRECT?
(a) Pakistan has completely eliminated its reliance on LNG imports due to domestic production.
(b) The government is prioritizing government-to-government LNG deals to avoid steep premiums.
(c) Officials are considering the use of furnace oil to limit load shedding despite potential tariff increases.
(d) Insurance costs for routes crossing the Strait of Hormuz are higher than those via the Red Sea.
Explanation: Pakistan has not eliminated its reliance on LNG; it remains exposed to supply shocks and continues to import LNG to meet peak summer power demand. The other statements accurately reflect the government's current energy policy. [Source: https://www.dawn.com/news/1992034/pakistan-considering-buying-lng-on-spot-market-to-offset-supply-disruptions-caused-by-iran-war-petroleum-minister, 15 Apr 2026]
#871
Which of the following statements regarding the fiscal situation in 2026 is INCORRECT?
(a) The government borrowed more in FY26 than it did in FY25.
(b) Debt servicing is projected to consume 50 percent of the total budget outlay in FY27.
(c) The government's borrowing from banks averaged Rs500 billion per month in FY26.
(d) The government allocated more funds to the PSDP than to debt servicing for FY27.
Explanation: The statement that the government allocated more to the PSDP than to debt servicing is incorrect, as debt servicing (Rs8 trillion) significantly exceeds the PSDP allocation (Rs1 trillion). [Source: https://www.dawn.com/news/2017153/govt-borrows-rs59tr-from-banks-in-fy26, 21 Jul 2026]
#872
As of May 31, 2026, what was the total value of assets managed by India's portfolio management services industry?
(a) 18.07 trillion rupees
(b) 42.61 trillion rupees
(c) 55.30 trillion rupees
(d) None of these
Explanation: The assets managed by the Indian portfolio management services industry reached 42.61 trillion rupees by May 31, 2026. The figure of 18.07 trillion rupees represents the industry's asset size in April 2019. [Source: https://www.brecorder.com/news/40431463/indias-sebi-proposes-allowing-portfolio-managers-to-invest-overseas-in-to-be-listed-securities, 23 Jul 2026]
#873
In the context of the 2026 UN Security Council debate, what is the approximate population of Pakistan that the envoy claimed is threatened by the weaponization of water?
(a) 150 million
(b) 200 million
(c) 240 million
(d) 300 million
Explanation: The Pakistani envoy stated that the unilateral actions regarding the Indus Waters Treaty threaten the livelihoods and well-being of more than 240 million people. This figure highlights the scale of the humanitarian concern raised by the state. [Source: https://www.brecorder.com/news/40431428/at-un-pakistan-labels-india-sponsor-of-terrorism-rejects-cross-border-infiltration-claims, 23 Jul 2026]
#874
On March 11, 2026, which Iranian official stated that negotiations with the United States were no longer on the agenda?
(a) Mohammad Bagher Ghalibaf
(b) Abbas Araghchi
(c) Eyal Zamir
(d) None of these
Explanation: Abbas Araghchi, serving as the Iranian Foreign Minister, explicitly ruled out negotiations with the United States during an interview with PBS News. Mohammad Bagher Ghalibaf is the parliamentary speaker who focused on retaliatory threats rather than diplomatic agendas. [Source: https://www.dawn.com/news/1980759/iran-vows-to-keep-hormuz-strait-blocked-as-long-as-war-continues, 11 Mar 2026]
#875
According to the Khyber Pakhtunkhwa Local Government (Amendment) Act, 2026, what is the required population range for a Village or Neighbourhood Council?
(a) 10,000 to 20,000
(b) 30,000 to 40,000
(c) 50,000 to 60,000
(d) 70,000 to 80,000
Explanation: The amendment stipulates a population range of 30,000 to 40,000 for Village and Neighbourhood Councils, subject to a 10% permissible variation. This specific range is the focal point of the ECP's objection regarding the feasibility of delimitation. [Source: https://www.brecorder.com/news/40431520/ecp-opposes-key-amendment-to-kps-lg-law, 24 Jul 2026]
#876
Which constitutional article does the Election Commission of Pakistan cite as being undermined by the Khyber Pakhtunkhwa Local Government (Amendment) Act, 2026?
(a) Article 140-A
(b) Article 218
(c) Article 222
(d) Article 224
Explanation: The ECP explicitly referenced Article 222 of the Constitution of Pakistan, which protects the powers of the Election Commission from being abridged by provincial legislation. Article 140-A relates to the devolution of political, administrative, and financial responsibility to local governments, but is not the specific article cited in this dispute. [Source: https://www.brecorder.com/news/40431520/ecp-opposes-key-amendment-to-kps-lg-law, 24 Jul 2026]
#877
Which of the following statements regarding the Khyber Pakhtunkhwa Local Government (Amendment) Act, 2026 is INCORRECT?
(a) It was unanimously supported by the Election Commission of Pakistan.
(b) It received the assent of the Governor on July 16, 2026.
(c) It was officially notified on July 21, 2026.
(d) It was passed by the KP Assembly on July 6, 2026.
Explanation: The ECP has formally opposed the amendment, terming it a 'delaying tactic' for local government elections. The other three statements accurately reflect the timeline of the bill's passage, assent, and notification. [Source: https://www.brecorder.com/news/40431520/ecp-opposes-key-amendment-to-kps-lg-law, 24 Jul 2026]
#878
Who is the current Chief Secretary of Khyber Pakhtunkhwa to whom the ECP addressed its concerns regarding the 2026 amendment?
(a) Shahab Ali Shah
(b) Nadeem Qasim
(c) Sardar Sikander Shaheen
(d) None of these
Explanation: Shahab Ali Shah is the Chief Secretary of Khyber Pakhtunkhwa who received the official correspondence from the ECP. Nadeem Qasim is the Additional Director General of the ECP who authored the letter, not the recipient. [Source: https://www.brecorder.com/news/40431520/ecp-opposes-key-amendment-to-kps-lg-law, 24 Jul 2026]
#879
Consider the following statements about the ECP's objection to the KP Local Government (Amendment) Act, 2026: 1. The ECP claims the amendment contradicts its constitutional authority to delimit constituencies. 2. The amendment requires the ECP to consult with the provincial government when waiving population conditions. 3. The ECP argues that the amendment is a necessary step to expedite the local government election process. 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 ECP's legal stance and the specific provision of the amendment they oppose. Statement 3 is incorrect because the ECP views the amendment as a 'delaying tactic' rather than a measure to expedite the election process. [Source: https://www.brecorder.com/news/40431520/ecp-opposes-key-amendment-to-kps-lg-law, 24 Jul 2026]
#880
What was the policy rate maintained by the State Bank of Pakistan as of June 15, 2026?
(a) 11.5 percent
(b) 10.5 percent
(c) 12.5 percent
(d) 13.5 percent
Explanation: The Monetary Policy Committee decided to keep the policy rate unchanged at 11.5 percent during its final review for FY26. This rate is maintained to guide inflation toward the medium-term target range. [Source: https://www.dawn.com/news/2008043/central-bank-keeps-policy-rate-unchanged-at-115pc, 15 Jun 2026]