July 2026 Edition
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July 2026 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#421
Consider the following statements regarding fuel price management in Pakistan: 1. The government currently revises petroleum prices on a weekly basis every Friday night. 2. High-speed diesel is used exclusively for private passenger vehicles. 3. The government announced a reduction in fuel prices in the week preceding June 26, 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: Statement 1 is correct as the government adopted a weekly revision schedule. Statement 3 is correct because the Prime Minister announced a significant reduction in prices the week prior to the June 26 announcement. Statement 2 is incorrect because diesel is primarily used for heavy transport and power generation, not private passenger vehicles. [Source: https://www.dawn.com/news/2011069/govt-keeps-petrol-diesel-prices-unchanged-till-further-orders, 26 Jun 2026]
#422
Consider the following statements regarding the fuel conservation measures issued in March 2026: 1. The directive applies to all offices working under the KP Finance Department. 2. The Prime Minister has directed the finance and petroleum ministers to coordinate with provinces for a conservation strategy. 3. The fuel conservation measures were implemented because the government has no petroleum reserves left. 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 scope of the provincial directive and the federal government's coordination efforts. Statement 3 is incorrect because the government explicitly assured the nation that petroleum reserves were sufficient. [Source: https://www.dawn.com/news/1979478/kp-finance-dept-orders-adoption-of-fuel-conservation-measures-due-to-anticipated-disruptions, 07 Mar 2026]
#423
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]
#424
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]
#425
Consider the following statements about the 2026 NEET protest movement: 1. The movement is led by a group that calls itself the 'Cockroach Janta Party'. 2. The protests were triggered by the leakage of question papers for the medical entrance exam. 3. Opposition leaders Rahul Gandhi and Priyanka Gandhi were detained by police during the protests. 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 2026. The movement is indeed named the 'Cockroach Janta Party', the NEET leak was the primary trigger, and the Gandhi siblings were detained after protesting near the Prime Minister's residence. [Source: https://www.dawn.com/news/2017491/exam-paper-leak-protests-and-gandhi-siblings-arrest-indias-cockroach-youth-movement-explained, 22 Jul 2026]
#426
Consider the following statements regarding policy developments and national events occurring in August 2026: 1. The Sindh Governor has taken steps toward institutional modernization by inaugurating an AI laboratory at an engineering university. 2. The Government of Pakistan has unveiled a roadmap to restructure and unbundle existing gas utility companies into five distinct entities. 3. The national transport sector has announced a nationwide protest action slated to commence on August 8 due to operational grievances.
(a) Only 1 and 2 are correct
(b) Only 2 and 3 are correct
(c) Only 1 and 3 are correct
(d) 1, 2, and 3 are all correct
Explanation: All statements are verified: the Governor of Sindh inaugurated an AI laboratory at SSUET; the government formally proposed restructuring gas utilities SNGPL and SSGCL into five entities; and transport associations have confirmed a nationwide strike beginning August 8. [Source: https://www.brecorder.com/news/40433354/nehal-inaugurates-ai-lab-at-ssuet]
#427
Following the price reduction announced on June 19, 2026, what is the new ex-depot price of petrol per litre?
(a) Rs299.78
(b) Rs311.78
(c) Rs373.78
(d) Rs378.78
Explanation: The new price of petrol was set at Rs299.78 per litre following the Rs74 reduction. Rs311.78 is the new price for high-speed diesel. [Source: https://www.dawn.com/news/2009236/pm-shehbaz-announces-reduction-in-prices-of-petrol-by-rs74-diesel-by-rs67, 19 Jun 2026]
#428
Which of the following statements regarding the fuel price adjustments in 2026 is INCORRECT?
(a) The government began revising petroleum prices every week on Friday night during the crisis.
(b) The price of petrol was reduced by Rs74 per litre in the June 19, 2026 announcement.
(c) High-speed diesel is primarily used in the heavy transport sector and power plants.
(d) The government maintained a policy of keeping fuel prices fixed for six months regardless of international market trends.
Explanation: The government did not maintain fixed prices; instead, it revised prices weekly on Friday nights to reflect global market volatility. The other statements are factually accurate according to the provided information. [Source: https://www.dawn.com/news/2009236/pm-shehbaz-announces-reduction-in-prices-of-petrol-by-rs74-diesel-by-rs67, 19 Jun 2026]
#429
Consider the following statements about the fuel price situation in 2026: 1. The peak prices for both petrol and diesel were recorded on April 3, 2026. 2. The government reduced the petroleum levy by Rs80 per litre in April 2026 to provide immediate relief. 3. The June 19, 2026, price reduction was attributed to the restoration of energy shipping in the Strait of Hormuz. 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 correct. The peak occurred on April 3, the levy was slashed by Rs80 to provide relief, and the June reduction was linked to the easing of tensions and the restoration of shipping in the Strait of Hormuz. [Source: https://www.dawn.com/news/2009236/pm-shehbaz-announces-reduction-in-prices-of-petrol-by-rs74-diesel-by-rs67, 19 Jun 2026]
#430
Which global geopolitical event was primarily responsible for the energy crunch and subsequent fuel price hikes in Pakistan during early 2026?
(a) The Suez Canal blockage
(b) The Panama Canal drought
(c) The Strait of Hormuz blockade
(d) The Black Sea grain initiative collapse
Explanation: The energy crunch was driven by the US-Iran war and the resulting blockade of the Strait of Hormuz, which disrupted global oil shipping. The other options refer to different global logistical or geopolitical issues not cited as the cause of the 2026 fuel crisis. [Source: https://www.dawn.com/news/2009236/pm-shehbaz-announces-reduction-in-prices-of-petrol-by-rs74-diesel-by-rs67, 19 Jun 2026]
#431
What was the peak price of high-speed diesel (HSD) per litre reached in Pakistan on April 3, 2026?
(a) Rs378.78
(b) Rs458.41
(c) Rs520.35
(d) None of these
Explanation: High-speed diesel reached its peak price of Rs520.35 per litre on April 3, 2026, during the height of the energy crisis. Rs458.41 was the peak price for petrol on the same date. [Source: https://www.dawn.com/news/2009236/pm-shehbaz-announces-reduction-in-prices-of-petrol-by-rs74-diesel-by-rs67, 19 Jun 2026]
#432
Which of the following statements regarding the government's subsidy initiatives announced on April 2, 2026, is INCORRECT?
(a) Large transport vehicles are eligible for a monthly subsidy of Rs80,000.
(b) Inter-city public service vehicles are eligible for a monthly subsidy of Rs100,000.
(c) The subsidy for two-wheelers is valid for a period of six months.
(d) Direct support of Rs70,000 is provided for trucks carrying essential food items.
Explanation: The subsidy for two-wheelers is provided for a duration of three months, not six months. The other statements accurately reflect the financial support measures announced by the Finance Minister. [Source: https://www.dawn.com/news/1987901/govt-hikes-petrol-price-to-rs458-per-litre-hsd-price-to-rs520-per-litre, 02 Apr 2026]
#433
Consider the following statements about the fuel price adjustments announced on May 29, 2026: 1. The government reduced the price of petrol and high-speed diesel by Rs22 per litre each. 2. The new prices for petrol and high-speed diesel were scheduled to take effect on May 30, 2026. 3. The government has been providing fuel subsidies specifically for public transport and motorcycle commuters. 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 government's announcement. The price cut was Rs22, the effective date was May 30, and the government confirmed existing subsidy programs for public transport and two-wheelers. [Source: https://www.dawn.com/news/2003697/govt-cuts-petrol-diesel-prices-by-rs22, 29 May 2026]
#434
Consider the following statements about the fuel price adjustments announced on April 2, 2026: 1. The price of kerosene was increased to Rs457.80 per litre. 2. The government rejected multiple previous recommendations for fuel price hikes since the regional conflict began. 3. The new fuel prices were made effective immediately on the day of the announcement. 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 correct. Statement 3 is incorrect because the Petroleum Minister explicitly stated that the new prices would be effective from Friday, not the day of the announcement. [Source: https://www.dawn.com/news/1987901/govt-hikes-petrol-price-to-rs458-per-litre-hsd-price-to-rs520-per-litre, 02 Apr 2026]
#435
Who is the current Petroleum Minister of Pakistan who announced the fuel price hike on April 2, 2026?
(a) Muhammad Aurangzeb
(b) Asif Ali Zardari
(c) Shehbaz Sharif
(d) Ali Pervaiz Malik
Explanation: Ali Pervaiz Malik serves as the Petroleum Minister and led the press conference regarding the fuel price adjustments. Muhammad Aurangzeb is the Finance Minister, while Shehbaz Sharif is the Prime Minister. [Source: https://www.dawn.com/news/1987901/govt-hikes-petrol-price-to-rs458-per-litre-hsd-price-to-rs520-per-litre, 02 Apr 2026]
#436
Following the announcement on April 2, 2026, what is the new price of high-speed diesel (HSD) per litre?
(a) Rs458.40
(b) Rs520.35
(c) Rs457.80
(d) None of these
Explanation: The government officially raised the price of high-speed diesel to Rs520.35 per litre. Rs458.40 refers to the new price of petrol, while Rs457.80 is the price of kerosene. [Source: https://www.dawn.com/news/1987901/govt-hikes-petrol-price-to-rs458-per-litre-hsd-price-to-rs520-per-litre, 02 Apr 2026]
#437
Which regulatory body issued the notification regarding the reduction in the price of kerosene on May 29, 2026?
(a) State Bank of Pakistan
(b) Federal Board of Revenue
(c) Oil and Gas Regulatory Authority
(d) None of these
Explanation: The Oil and Gas Regulatory Authority (OGRA) is the designated body responsible for issuing notifications regarding petroleum product price changes in Pakistan. The State Bank and FBR do not manage retail fuel price notifications. [Source: https://www.dawn.com/news/2003697/govt-cuts-petrol-diesel-prices-by-rs22, 29 May 2026]
#438
Which of the following statements regarding the May 2026 fuel price reduction is INCORRECT?
(a) The price of petrol was reduced by Rs22 per litre.
(b) The price of kerosene remained unchanged at its previous level.
(c) The price of high-speed diesel was reduced by Rs22 per litre.
(d) The Prime Minister's Office announced the relief measures.
Explanation: The statement that kerosene prices remained unchanged is incorrect, as the Oil and Gas Regulatory Authority explicitly reduced the price of kerosene from Rs313.44 to Rs272. [Source: https://www.dawn.com/news/2003697/govt-cuts-petrol-diesel-prices-by-rs22, 29 May 2026]
#439
The government aims to generate how many new jobs in the fiscal year 2026-27?
(a) 1.1 million
(b) 2.0 million
(c) 1.5 million
(d) 2.5 million
Explanation: The macroeconomic framework targets the creation of two million new jobs in FY2026-27. This is expected to be achieved through increased public and private investment. [Source: https://www.dawn.com/news/2004391/4pc-growth-target-set-for-fy2026-27-as-macroeconomic-framework-sent-to-economic-council-for-approval, 01 Jun 2026]
#440
Which of the following is NOT a sector-specific growth target mentioned for FY2026-27?
(a) Information and communication growth of 9.5%
(b) Large-scale manufacturing growth of 4.5%
(c) Services sector growth of 4.2%
(d) Agriculture sector growth of 3.8%
Explanation: The target for the information and communication sector is 7.7%, not 9.5%. The other options correctly reflect the targets for agriculture, manufacturing, and services. [Source: https://www.dawn.com/news/2004391/4pc-growth-target-set-for-fy2026-27-as-macroeconomic-framework-sent-to-economic-council-for-approval, 01 Jun 2026]