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.
#6021
In the context of the 2026-27 budget preparations, which body is responsible for coordinating economic policies between the federal and provincial governments?
(a) National Finance Commission
(b) Economic Coordination Committee
(c) Council of Common Interests
(d) National Economic Council
Explanation: The National Economic Council (NEC) is the constitutional body responsible for reviewing the overall economic condition of the country and coordinating economic policies between the federal and provincial governments. While the NFC Award deals with revenue distribution, the NEC is the primary body for development budget oversight. [Source: https://www.dawn.com/news/2006413/president-zardari-summons-na-senate-sessions-on-june-10, 09 Jun 2026]
#6022
The National Assembly session summoned by President Zardari on June 10, 2026, was identified as which session of the 16th National Assembly?
(a) 26th session
(b) 27th session
(c) 28th session
(d) None of these
Explanation: The official notification issued by the presidency confirmed that the session convened on June 10, 2026, was the 28th session of the 16th National Assembly. The other options are incorrect as they do not align with the official parliamentary record for that date. [Source: https://www.dawn.com/news/2006413/president-zardari-summons-na-senate-sessions-on-june-10, 09 Jun 2026]
#6023
Consider the following statements about the economic indicators of Pakistan in FY2026: 1. The GDP growth rate of 3.7pc is the highest recorded in the past four years. 2. The electricity, gas, and water supply industry experienced contraction during the fiscal year. 3. Large-scale manufacturing (LSM) recorded a decline of 6.1pc during the period. 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 3.7 percent is the highest growth in four years. Statement 2 is correct because the electricity, gas, and water supply industry contracted due to subsidy declines. Statement 3 is incorrect because LSM actually saw a rebound of 6.1 percent, not a decline. [Source: https://www.dawn.com/news/2006877/economy-grows-37pc-in-fy26-fastest-in-four-years-but-short-of-target, 11 Jun 2026]
#6024
Who is the current Finance Minister of Pakistan responsible for presenting the federal budget for FY2026-27?
(a) Ishaq Dar
(b) Muhammad Aurangzeb
(c) Shaukat Tarin
(d) None of these
Explanation: Muhammad Aurangzeb is the incumbent Finance Minister tasked with presenting the federal budget. Ishaq Dar and Shaukat Tarin are former finance ministers and serve as incorrect distractors. [Source: https://www.dawn.com/news/2006648/finance-minister-aurangzeb-to-present-budget-for-fy2026-27-on-june-12, 10 Jun 2026]
#6025
Consider the following statements about the shift in AI billing models: 1. Microsoft's move to usage-based billing marks a departure from two decades of fixed subscription fees. 2. GitHub, a Microsoft subsidiary, also transitioned to usage-based billing in early 2026. 3. Anthropic has announced that its cutting-edge models will be billed by usage rather than included in premium subscriptions. 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. Microsoft is shifting its long-standing subscription model, GitHub implemented usage-based billing in June 2026, and Anthropic has confirmed a similar strategy for its flagship models. [Source: https://www.dawn.com/news/2008363/microsoft-launches-ai-agent-with-pay-as-you-go-pricing, 16 Jun 2026]
#6026
Consider the following statements about the parliamentary sessions summoned in June 2026: 1. The President summoned both the National Assembly and the Senate to meet on June 10, 2026. 2. The federal budget for the fiscal year 2026-27 was scheduled to be presented in Parliament on June 10, 2026. 3. The National Economic Council meeting was postponed multiple times prior to the budget session. 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 both houses were summoned for June 10. Statement 2 is incorrect because, while the sessions were summoned on June 10, the budget presentation was expected on June 12. Statement 3 is correct as the NEC meeting faced multiple postponements due to negotiations over provincial shares. [Source: https://www.dawn.com/news/2006413/president-zardari-summons-na-senate-sessions-on-june-10, 09 Jun 2026]
#6027
Consider the following statements about the federal budget for FY2026-27: 1. The budget presentation is scheduled for June 12, 2026. 2. Provincial shares from the federal divisible pool are proposed to be increased significantly. 3. The government aims to cover an estimated Rs800 billion revenue shortfall.
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) All three
Explanation: Statement 1 is correct regarding the date. Statement 3 is correct regarding the revenue shortfall. Statement 2 is incorrect because the agreement stipulates that provincial shares will remain frozen at the current fiscal year's position. [Source: https://www.dawn.com/news/2006648/finance-minister-aurangzeb-to-present-budget-for-fy2026-27-on-june-12, 10 Jun 2026]
#6028
Consider the following statements about India's recent infrastructure developments in the Himalayas: 1. The Zojila tunnel breakthrough occurred on June 9, 2026. 2. The Chenab Rail Bridge is currently the highest of its kind in the world. 3. The Sonamarg tunnel is a 13.14-kilometre project expected to be completed by 2028. 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 breakthrough occurred on the specified date. Statement 2 is correct regarding the status of the Chenab Rail Bridge. Statement 3 is incorrect because the 13.14-kilometre length refers to the Zojila tunnel, not the Sonamarg tunnel. [Source: https://www.dawn.com/news/2006369/india-nears-completion-of-strategic-himalayan-tunnel-near-china-border, 09 Jun 2026]
#6029
What is the name of the AI agent launched by Microsoft on 2026-06-16 that utilizes a pay-as-you-go pricing model?
(a) Copilot Cowork
(b) Azure Assistant
(c) Office Agent Pro
(d) None of these
Explanation: Copilot Cowork is the specific AI agent introduced by Microsoft to facilitate office tasks like drafting documents and sending emails under a usage-based billing structure. Other options are generic or incorrect product names. [Source: https://www.dawn.com/news/2008363/microsoft-launches-ai-agent-with-pay-as-you-go-pricing, 16 Jun 2026]
#6030
Consider the following statements regarding current administrative and economic developments in Pakistan as of August 10, 2026:
(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: Statement 1 is incorrect because the Tarbela Dam reached its maximum storage capacity, not its minimum. Statement 2 is correct as fuel prices remained unchanged due to economic governance concerns. Statement 3 is correct as the IHC addressed the executive's role in constitutional mandates regarding judicial appointments. [Source: https://www.dawn.com/news/2021950/govt-leaves-petrol-diesel-prices-unchanged-for-aug-11]
#6031
To whom did Keir Starmer officially communicate his decision to resign on June 22, 2026?
(a) The House of Commons
(b) King Charles III
(c) The National Executive Committee
(d) The British Electorate
Explanation: Starmer confirmed that he informed King Charles III of his decision to resign on the morning of his announcement. While he also addressed the National Executive Committee regarding the contest timetable, the formal notification of his resignation was directed to the monarch. [Source: https://www.dawn.com/news/2009971/uk-pm-starmer-announces-resignation-amid-mounting-pressure-says-will-give-successor-full-unequivocal-support, 22 Jun 2026]
#6032
Which international agencies provided rating upgrades that reinforced investor confidence in Pakistan during 2026?
(a) Moody's and Standard and Poor's
(b) Standard and Poor's and Fitch
(c) Fitch and Moody's
(d) World Bank and IMF
Explanation: The government's commitment to IMF programs was reinforced by specific rating upgrades from Fitch and Moody's, which helped improve the overall investment climate. [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]
#6033
The Islamabad Memorandum of Understanding, which provided the framework for the US-Iran talks, was signed on which date in 2026?
(a) June 15, 2026
(b) June 22, 2026
(c) June 18, 2026
(d) June 25, 2026
Explanation: The Islamabad Memorandum of Understanding was signed on June 18, 2026. This 14-point accord set the stage for the subsequent negotiations held in Switzerland. [Source: https://www.dawn.com/news/2010038/iran-president-masoud-pezeshkian-to-visit-pakistan-on-tuesday-fo, 22 Jun 2026]
#6034
Which countries served as mediators for the US-Iran talks held at the Lake Lucerne Summit in 2026?
(a) Pakistan and Qatar
(b) Pakistan and Turkiye
(c) Saudi Arabia and Qatar
(d) None of these
Explanation: The Lake Lucerne Summit in Switzerland was mediated by Pakistan and Qatar. These nations facilitated the direct negotiations between the United States and Iran to address regional security concerns. [Source: https://www.dawn.com/news/2010038/iran-president-masoud-pezeshkian-to-visit-pakistan-on-tuesday-fo, 22 Jun 2026]
#6035
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]
#6036
Consider the following statements about the diplomatic developments in June 2026: 1. The talks were conducted under the framework of the Islamabad Memorandum of Understanding. 2. The negotiations included representatives from the United States, Iran, Pakistan, and Qatar. 3. The final peace deal was successfully signed and concluded during the Lake Lucerne Summit. 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 the talks were held under the Islamabad MoU framework with the four mentioned nations participating. Statement 3 is incorrect because the summit established a roadmap to reach a final deal within 60 days, rather than signing the final deal itself at that time. [Source: https://www.dawn.com/news/2009504/us-iran-genuinely-want-peace-in-the-region-pm-shehbaz, 21 Jun 2026]
#6037
Who extended the official invitation to Iranian President Masoud Pezeshkian for his visit to Pakistan on June 23, 2026?
(a) Shehbaz Sharif
(b) Asif Ali Zardari
(c) Ishaq Dar
(d) Yousuf Raza Gilani
Explanation: The Foreign Office confirmed that the visit of President Pezeshkian was conducted at the invitation of Prime Minister Shehbaz Sharif. While President Zardari is scheduled to meet the visiting dignitary, the invitation originated from the Prime Minister's office. [Source: https://www.dawn.com/news/2010038/iran-president-masoud-pezeshkian-to-visit-pakistan-on-tuesday-fo, 22 Jun 2026]
#6038
Consider the following statements about the diplomatic developments in June 2026: 1. The Lake Lucerne Summit was held in Switzerland to facilitate US-Iran negotiations. 2. The Islamabad MoU includes a 14-point framework for regional stability. 3. President Masoud Pezeshkian visited Pakistan for the first time in his capacity as President during this June 2026 trip. 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 regarding the summit location and the MoU framework. Statement 3 is incorrect because the Foreign Office explicitly noted that this visit was Dr. Pezeshkian's second visit to Pakistan in his capacity as President. [Source: https://www.dawn.com/news/2010038/iran-president-masoud-pezeshkian-to-visit-pakistan-on-tuesday-fo, 22 Jun 2026]
#6039
Which two nations acted as the primary mediators for the US-Iran peace talks in June 2026?
(a) Pakistan and Qatar
(b) Turkey and Oman
(c) China and Saudi Arabia
(d) Iraq and Kuwait
Explanation: Pakistan and Qatar served as the official mediators for the negotiations, facilitating the framework established by the Islamabad Memorandum of Understanding. Other nations like Turkey or Oman have historically mediated regional disputes but were not the primary facilitators in this instance. [Source: https://www.dawn.com/news/2009504/us-iran-genuinely-want-peace-in-the-region-pm-shehbaz, 21 Jun 2026]
#6040
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]