July 2026 Current Affairs MCQs & Solutions

Explanation: The surge in crude oil prices is directly attributed to the escalating Middle East crisis, which has impacted shipping chokepoints. Other options, while relevant to global economics, are not the primary drivers mentioned for this specific price movement. [Source: https://www.brecorder.com/news/40431590/indian-shares-to-open-lower-as-crude-tops-100, 24 Jul 2026]

Explanation: The Reserve Bank of India introduced a swap facility allowing eligible external commercial borrowings to be hedged at a fixed rate of 1.5% per annum. This measure made overseas dollar fundraising more attractive for Indian lenders. [Source: https://www.brecorder.com/news/40431638/icici-bank-prices-1-billion-debt-in-largest-dollar-issue-by-indian-private-lender, 24 Jul 2026]

Explanation: Investment banks and brokerages recorded a 1.6% rise, leading sectoral gains on the benchmark index. This was bolstered by positive analyst revisions for companies like 3i Group. [Source: https://www.brecorder.com/news/40431643/londons-ftse-100-rises-as-hsbc-lifts-financial-stocks-middle-east-tensions-linger, 24 Jul 2026]

Explanation: The Dubai main market index slipped 0.2% to hit a near seven-week low on the specified date. The Abu Dhabi benchmark index experienced a smaller decline of 0.1%. [Source: https://www.brecorder.com/news/40431652/uae-stocks-slip-amid-escalating-middle-east-conflict, 24 Jul 2026]

Explanation: ICICI Bank priced a $1 billion five-year dollar bond, which represents the largest dollar issue by an Indian private lender in nearly 14 years. While the base issue size was $500 million, the final priced amount was $1 billion. [Source: https://www.brecorder.com/news/40431638/icici-bank-prices-1-billion-debt-in-largest-dollar-issue-by-indian-private-lender, 24 Jul 2026]

Explanation: The movement expanded to millions of followers after a national medical school entrance test was cancelled due to a question paper leak. This event served as the primary catalyst for the widespread youth mobilization. [Source: https://www.dawn.com/news/2018062/indian-government-seeks-time-on-youth-protesters-minister-resignation-demand, 24 Jul 2026]

Explanation: All three statements are factually accurate based on the report. ICICI Bank's $1 billion issue is the largest for a private lender, while HDFC and Axis Bank also conducted significant dollar debt sales in the same period. [Source: https://www.brecorder.com/news/40431638/icici-bank-prices-1-billion-debt-in-largest-dollar-issue-by-indian-private-lender, 24 Jul 2026]

Explanation: Advocate Yasin Samli is the President of the Istanbul Bar Association No. 2 and led the delegation. The other individuals listed were Pakistani representatives who received the delegation at the Karachi Press Club. [Source: https://www.brecorder.com/news/40431897/istanbul-bar-number-2-delegation-visits-karachi-press-club, 27 Jul 2026]

Explanation: Dharmendra Pradhan is the Education Minister currently facing calls for resignation due to examination paper leaks. JP Nadda and Jitendra Singh are federal ministers who represented the government in the talks with the protesters. [Source: https://www.dawn.com/news/2018062/indian-government-seeks-time-on-youth-protesters-minister-resignation-demand, 24 Jul 2026]

Explanation: The benchmark three-month copper price on the LME was recorded at $13,626.50 per metric ton on the specified date. This reflects a 0.2% increase following two sessions of decline. [Source: https://www.brecorder.com/news/40431641/copper-edges-up-heads-for-weekly-gain-as-non-us-stocks-tighten, 24 Jul 2026]

Explanation: Comex copper stocks in the U.S. rose to a record 639,147 metric tons, contrasting with the tightening inventories observed in the London Metal Exchange and Shanghai markets. [Source: https://www.brecorder.com/news/40431641/copper-edges-up-heads-for-weekly-gain-as-non-us-stocks-tighten, 24 Jul 2026]

Explanation: Aluminium prices actually fell by 0.7% to $3,165.50 a ton, making the statement that they increased incorrect. The other three statements accurately reflect the market data provided. [Source: https://www.brecorder.com/news/40431641/copper-edges-up-heads-for-weekly-gain-as-non-us-stocks-tighten, 24 Jul 2026]

Explanation: All three statements are factually accurate based on the report: geopolitical tensions weighed on growth, reverse cancellations increased available LME stocks, and the U.S. implemented the specified tariff measures. [Source: https://www.brecorder.com/news/40431641/copper-edges-up-heads-for-weekly-gain-as-non-us-stocks-tighten, 24 Jul 2026]

Explanation: The Chief Minister stated during the press conference that the former prime minister has lost 85 per cent of his vision in one eye. This figure was cited as a primary reason for the demand for specialized medical care. [Source: https://www.dawn.com/news/2001835/afridi-aleema-claim-shots-were-fired-at-adiala-sit-in-participants, 20 May 2026]

Explanation: Aleema Khan explicitly claimed that the judiciary had been 'managed' and that no judge was willing to independently hear the cases, making the false statement. The other options reflect claims made by the speakers during the event. [Source: https://www.dawn.com/news/2001835/afridi-aleema-claim-shots-were-fired-at-adiala-sit-in-participants, 20 May 2026]

Explanation: Statements 1 and 2 are factually accurate based on the Chief Minister's claims. Statement 3 is incorrect because the government did not confirm firing shots; rather, the protesters alleged that shots were fired at them. [Source: https://www.dawn.com/news/2001835/afridi-aleema-claim-shots-were-fired-at-adiala-sit-in-participants, 20 May 2026]

Explanation: All three statements are factually accurate based on the market data provided for the week ending July 24, 2026. Oil prices showed significant weekly growth, while the Dubai and Abu Dhabi indices followed the reported weekly trends. [Source: https://www.brecorder.com/news/40431652/uae-stocks-slip-amid-escalating-middle-east-conflict, 24 Jul 2026]

Explanation: Statement 1 is correct as the government has executed agreements with pension fund managers to reform the system. Statement 2 is correct as the PCB challenged an IHC order to disclose player financial details. Statement 3 is incorrect because the Senate Subcommittee's recent action concerned the tobacco smuggling seizure, while the vaccine-preventable mortality crisis is a separate public health issue. [Source: https://www.dawn.com/news/2020481/govt-executes-agreements-with-pension-fund-managers]

Explanation: While all events share the date of August 3, 2026, the logic follows the sequence of systemic legislative review, then active regional conflict (Gaza), moving to international diplomatic security (Hormuz), and finally domestic terror incidents (Moscow). [Source: https://www.dawn.com/news/2020267/no-more-torture]

Explanation: The PCB (Event: 0ad64b0f...) enforces institutional accountability for misconduct, while the Peshawar High Court (Event: b3926b00...) exercises constitutional mandate under Article 199 regarding residency petitions. Additionally, the Senate Committee (Event: 17b1abf4...) is actively scrutinizing public sector compensation to ensure administrative and financial transparency within state organizations. [Source: https://www.dawn.com/news/2021098/pcb-bans-all-rounder-hamza-for-two-years-over-misleading-visa-information]