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.
#1141
Consider the following statements about the Indian rupee market conditions on July 24, 2026: 1. The Indian rupee reached a new all-time record low during the trading session. 2. The Reserve Bank of India conducted interventions in both the spot and non-deliverable forwards markets. 3. Brent crude oil prices retreated by approximately 4 percent after initially topping 100 dollars per barrel. 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 incorrect because the rupee avoided a record low, remaining near the May record of 96.96. Statements 2 and 3 are factually accurate descriptions of the market intervention and oil price movements reported on that date. [Source: https://www.brecorder.com/news/40431635/intervention-shields-indian-rupee-in-face-of-oil-hedging-strain, 24 Jul 2026]
#1142
Which Indian financial institution experienced its steepest weekly decline in 2-1/2 years on July 24, 2026?
(a) Axis Bank
(b) ICICI Bank
(c) HDFC Bank
(d) State Bank of India
Explanation: HDFC Bank recorded a 9.4% decline, marking its sharpest weekly drop in 2-1/2 years due to investor concerns regarding margins. Axis Bank also declined, but HDFC Bank was identified as the primary weight on the benchmark indexes. [Source: https://www.brecorder.com/news/40431634/indian-shares-log-weekly-losses-as-crude-climbs-hdfc-bank-tumbles, 24 Jul 2026]
#1143
Consider the following statements about the Indian market performance on July 24, 2026: 1. The BSE Sensex recorded its steepest drop in two months. 2. Private banks and financial sectors were among the worst-performing segments. 3. Brent crude prices briefly crossed $100 a barrel during the week. 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. The Sensex lost 2.7% (steepest in two months), financial sectors were heavily dragged down, and Brent crude crossed the $100 threshold. [Source: https://www.brecorder.com/news/40431634/indian-shares-log-weekly-losses-as-crude-climbs-hdfc-bank-tumbles, 24 Jul 2026]
#1144
Consider the following statements about the global vegetable oil market as of July 2026: 1. Dalian’s most-active soyoil contract experienced a gain of 1.33%. 2. Soyoil prices on the Chicago Board of Trade increased by 0.99%. 3. Brazil has the potential to triple its palm oil planted area over the next decade. 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. Statement 2 is incorrect because soyoil prices on the Chicago Board of Trade actually dropped by 0.99%, not increased. [Source: https://www.brecorder.com/news/40431640/palm-oil-hits-15-week-high-posts-third-weekly-gain, 24 Jul 2026]
#1145
According to the RBI chief, how much capital has been attracted by the dollar-mobilization schemes announced in June 2026?
(a) Nearly $15 billion
(b) Nearly $25 billion
(c) Nearly $32 billion
(d) Nearly $40 billion
Explanation: RBI chief Sanjay Malhotra confirmed that the dollar-mobilization schemes have successfully attracted nearly $32 billion in inflows as of July 2026. This liquidity helps the central bank manage currency volatility. [Source: https://www.brecorder.com/news/40431960/indian-rupee-set-to-rally-after-crude-drops-on-mideast-respite-rbi-led-inflows-build, 27 Jul 2026]
#1146
As of July 27, 2026, what is the primary factor contributing to the expected strengthening of the Indian rupee alongside RBI-led inflows?
(a) A significant decline in global crude oil prices
(b) An increase in domestic interest rates by the central bank
(c) A surge in foreign direct investment in the manufacturing sector
(d) None of these
Explanation: The decline in Brent crude prices, which fell to $93.02, reduces India's import bill, thereby supporting the rupee. RBI-led inflows are the secondary factor mentioned, making option A the correct primary driver. [Source: https://www.brecorder.com/news/40431960/indian-rupee-set-to-rally-after-crude-drops-on-mideast-respite-rbi-led-inflows-build, 27 Jul 2026]
#1147
Consider the following statements about the Indian economic context on July 27, 2026: 1. The recent decline in oil prices is linked to a temporary de-escalation in US-Iran tensions. 2. The RBI's dollar-mobilization schemes have attracted more capital than initial market expectations. 3. India's heavy reliance on crude imports makes its currency highly sensitive to global oil price volatility. 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 correct: the oil price drop is tied to the US-Iran pause, the $32 billion inflow exceeded expectations, and India's import dependency is a well-documented structural vulnerability for the rupee. [Source: https://www.brecorder.com/news/40431960/indian-rupee-set-to-rally-after-crude-drops-on-mideast-respite-rbi-led-inflows-build, 27 Jul 2026]
#1148
Which of the following companies reported beating first-quarter profit expectations as of July 27, 2026?
(a) Tata Consumer
(b) Bank of Baroda
(c) HDFC Bank
(d) Axis Bank
Explanation: Tata Consumer reported beating profit expectations due to steady consumer demand. In contrast, Bank of Baroda reported a profit drop, and private lenders like HDFC and Axis faced margin concerns. [Source: https://www.brecorder.com/news/40431956/indian-shares-set-to-open-higher-breaking-losing-run-as-oil-slides, 27 Jul 2026]
#1149
Which of the following statements regarding the market situation on July 27, 2026, is INCORRECT?
(a) The US dollar index slipped to 101.23.
(b) Brent crude prices increased due to heightened military activity.
(c) The British pound rose against the US dollar.
(d) The euro appreciated against the US dollar.
Explanation: Brent crude prices actually decreased (dropped) due to the pause in military strikes, not increased. Options A, B, and D are factually accurate based on the provided market data. [Source: https://www.brecorder.com/news/40431957/dollar-pulls-back-as-us-iran-attacks-pause-oil-drops, 27 Jul 2026]
#1150
Which of the following airline companies saw their share prices increase on July 27, 2026?
(a) Lufthansa
(b) Air France
(c) British Airways
(d) Emirates
Explanation: Lufthansa, along with IAG and Ryanair, saw their share prices rise as lower oil prices improved their operational outlook. The other options were not mentioned as specific gainers in the report. [Source: https://www.brecorder.com/news/40431990/european-shares-climb-as-us-iran-peace-optimism-lifts-risk-sentiment, 27 Jul 2026]
#1151
Which of the following statements regarding the market conditions on July 27, 2026, is INCORRECT?
(a) Energy stocks experienced a decline of 2%.
(b) Brent crude oil prices increased due to heightened geopolitical tensions.
(c) Utility stocks were among the few sectors that declined.
(d) The STOXX 600 index reached a level of 649.34.
Explanation: The statement that oil prices increased is false; in fact, Brent crude oil prices dropped by 6% due to the de-escalation of tensions. The other three statements accurately reflect the market data provided. [Source: https://www.brecorder.com/news/40431990/european-shares-climb-as-us-iran-peace-optimism-lifts-risk-sentiment, 27 Jul 2026]
#1152
What was the value of the GIFT Nifty futures as of 7:59 a.m. IST on July 27, 2026?
(a) 23,767.45
(b) 24,500.75
(c) 24,150.25
(d) 23,974.50
Explanation: The GIFT Nifty futures were recorded at 23,974.50, which indicated a positive opening for the benchmark Nifty 50 index above the previous Friday's close of 23,767.45. [Source: https://www.brecorder.com/news/40431956/indian-shares-set-to-open-higher-breaking-losing-run-as-oil-slides, 27 Jul 2026]
#1153
Consider the following statements about the market environment on July 27, 2026: 1. Investors are preparing for quarterly earnings reports from major U.S. technology companies. 2. The decline in oil prices negatively impacted the travel and leisure sector. 3. The STOXX 600 index rose as a result of reduced geopolitical tensions between the U.S. and Iran. 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 investors are scrutinizing Big Tech earnings. Statement 3 is correct as the market rally was driven by de-escalation. Statement 2 is incorrect because lower oil prices actually boosted the travel and leisure sector, rather than negatively impacting it. [Source: https://www.brecorder.com/news/40431990/european-shares-climb-as-us-iran-peace-optimism-lifts-risk-sentiment, 27 Jul 2026]
#1154
Consider the following statements regarding the Indian market outlook as of July 27, 2026: 1. The U.S. Federal Reserve is widely expected to increase interest rates by 25 basis points this week. 2. The probability of a 25-basis-point rate hike by the Fed has risen to 36.3%. 3. Lower oil prices are expected to ease inflation concerns in India. 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: The Fed is widely expected to leave rates unchanged, making statement 1 incorrect. Statements 2 and 3 are factually accurate based on the market analysis provided. [Source: https://www.brecorder.com/news/40431956/indian-shares-set-to-open-higher-breaking-losing-run-as-oil-slides, 27 Jul 2026]
#1155
Consider the following statements about the market conditions on July 27, 2026: 1. Crude oil prices experienced a decline of more than six percent. 2. The Dow Jones Industrial Average recorded a gain of 0.7 percent. 3. The Federal Reserve decision is expected to be the first under the new chairman. 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 factually correct based on the report. Statement 3 is incorrect because the report specifies that the upcoming decision is the second, not the first, under the new chairman. [Source: https://www.brecorder.com/news/40432022/dow-sampp-500-rise-as-oil-prices-tumble, 27 Jul 2026]
#1156
The decline in global crude oil prices on March 11, 2026, was primarily attributed to:
(a) Diplomatic signals regarding the potential end of the conflict with Iran
(b) Increased production from OPEC nations
(c) A sudden drop in global industrial demand
(d) New sanctions imposed on major oil exporters
Explanation: Crude prices plunged following remarks by US President Donald Trump suggesting that the conflict with Iran could end soon, which eased supply disruption concerns. Other options do not reflect the specific geopolitical catalyst mentioned in the market report. [Source: https://www.dawn.com/news/1980849/kse-100-ends-lower-after-early-rally-loses-steam, 11 Mar 2026]
#1157
Which of the following statements regarding the KSE-100 market session on March 11, 2026, is INCORRECT?
(a) The index experienced an intraday high of 158,624.51 points.
(b) The index began the session with a sharp rebound.
(c) The index closed lower compared to the previous session.
(d) The index maintained its early gains throughout the entire trading day.
Explanation: The index did not maintain its gains; the report states that the momentum faded and the index largely erased its early gains by 1pm. Options A, B, and D are factually accurate descriptions of the session. [Source: https://www.dawn.com/news/1980849/kse-100-ends-lower-after-early-rally-loses-steam, 11 Mar 2026]
#1158
Which of the following statements regarding the Indian market performance on July 27, 2026, is INCORRECT?
(a) Brent crude oil prices increased by 9.3%.
(b) All 16 major sectors in the Indian market advanced.
(c) The Nifty 50 rose by 0.96%.
(d) The BSE Sensex added 1.02%.
Explanation: Brent crude oil prices fell by 9.3%, not increased. The other three statements accurately reflect the market data reported for that date. [Source: https://www.brecorder.com/news/40431999/indian-shares-snap-losing-run-on-oil-slide-earnings-optimism, 27 Jul 2026]
#1159
Which sector led the gains in the European stock market on July 27, 2026?
(a) Energy sector
(b) Travel and leisure sector
(c) Utility sector
(d) None of these
Explanation: The travel and leisure sector led the market gains with a 2.4% increase, benefiting from the decline in oil prices. Energy and utility stocks were the only sectors to decline during the session. [Source: https://www.brecorder.com/news/40431990/european-shares-climb-as-us-iran-peace-optimism-lifts-risk-sentiment, 27 Jul 2026]
#1160
Which company led the trading volume on the Pakistan Stock Exchange on March 11, 2026?
(a) K-Electric Limited
(b) Cnergyico PK Limited
(c) The Bank of Punjab
(d) None of these
Explanation: The Bank of Punjab led the trading activity with a volume of 37,706,784 shares. K-Electric and Cnergyico followed with lower trading volumes. [Source: https://www.dawn.com/news/1980849/kse-100-ends-lower-after-early-rally-loses-steam, 11 Mar 2026]