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.
#13761
Which factor primarily contributed to the rise in global oil prices as of July 23, 2026?
(a) Increased global demand for aviation fuel
(b) Escalating hostilities in the Middle East
(c) OPEC production quota adjustments
(d) None of these
Explanation: Oil prices rose significantly due to escalating hostilities in the Middle East, specifically involving attacks on oil tankers. This geopolitical instability is the primary driver mentioned for the price surge. [Source: https://www.brecorder.com/news/40431447/copper-dips-as-soaring-oil-prices-weigh-on-economic-outlook, 23 Jul 2026]
#13762
India's edible oil imports are projected to climb between July and October 2026 primarily due to:
(a) A sudden drop in global palm oil prices
(b) Slower domestic crushing of soybean and rapeseed
(c) A government mandate to increase biofuel blending
(d) None of these
Explanation: India's imports are expected to rise because slower domestic crushing of soybean and rapeseed is eroding local supplies. This creates a need for imports to meet demand ahead of the festive season. [Source: https://www.brecorder.com/news/40431446/palm-oil-hits-3-month-high-on-supply-risks-biodiesel-demand-prospects, 23 Jul 2026]
#13763
Which of the following statements regarding the fuel cost situation in June 2026 is INCORRECT?
(a) The reference fuel cost for June 2026 was set at Rs7.714 per unit.
(b) The actual fuel cost for June 2026 was reported at Rs8.90 per unit.
(c) Electricity consumption in June 2026 was higher than in June 2025.
(d) Furnace oil and diesel combined contributed less than 1% to the grid supply.
Explanation: Electricity consumption in June 2026 was 13,066 billion units, which is lower than the 13,310 billion units recorded in June 2025. Therefore, the statement claiming consumption was higher is incorrect. [Source: https://www.dawn.com/news/2016204/power-companies-seek-rs120-per-unit-fuel-cost-adjustment-for-august, 17 Jul 2026]
#13764
Which global commodity benchmark experienced a significant price surge exceeding $100 per barrel on July 23, 2026?
(a) West Texas Intermediate
(b) Natural gas
(c) Brent crude
(d) Arabian Light
Explanation: Brent futures rose significantly to reach $100.71 per barrel on July 23, 2026, driven by supply disruption concerns. West Texas Intermediate is a different benchmark and was not the primary focus of the reported price surge. [Source: https://www.brecorder.com/news/40431436/pakistani-rupee-records-gain-against-us-dollar, 23 Jul 2026]
#13765
On July 23, 2026, the Indian government relaxed foreign investment rules to allow e-commerce companies to perform which of the following activities?
(a) Directly sell goods to domestic consumers at discounted rates
(b) Purchase products from Indian sellers for export to overseas customers
(c) Establish exclusive brick-and-mortar retail chains across India
(d) None of these
Explanation: The policy change specifically permits foreign-funded e-commerce platforms to procure goods from local sellers for the purpose of international exports. Option A is incorrect because the government continues to prohibit direct sales to domestic consumers to protect local retailers. [Source: https://www.brecorder.com/news/40431461/india-relaxes-e-commerce-investment-rules-for-exports-in-win-for-amazon, 23 Jul 2026]
#13766
According to the data for June 2026, which energy source contributed the largest percentage to the national power supply?
(a) Wind energy
(b) Nuclear power
(c) Imported coal
(d) Hydropower
Explanation: Hydropower provided 39% of the total electricity supply in June 2026, making it the largest contributor. Nuclear power followed at 13.5%, while other sources like wind and solar contributed significantly smaller percentages. [Source: https://www.dawn.com/news/2016204/power-companies-seek-rs120-per-unit-fuel-cost-adjustment-for-august, 17 Jul 2026]
#13767
Consider the following statements about the 75th-anniversary ceremony held in May 2026: 1. President Asif Ali Zardari attended the ceremony in Islamabad. 2. The ceremony marked the 75th anniversary of the establishment of diplomatic relations. 3. The Prime Minister stated that the world can move forward without China's technological and industrial contribution. 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. Statement 3 is incorrect because the Prime Minister emphasized that the world cannot move forward without China, given its industrial and technological advancements. [Source: https://www.dawn.com/news/2002044/pm-shehbaz-lauds-steadfast-pak-china-friendship-says-beijing-supported-islamabad-in-unwavering-fashion, 21 May 2026]
#13768
Following the price adjustment announced on May 22, 2026, what is the new price of petrol per litre?
(a) Rs378.00
(b) Rs402.78
(c) Rs403.78
(d) None of these
Explanation: After the reduction of Rs6 per litre, the price of petrol was set at Rs403.78 per litre. High-speed diesel was set at Rs402.78 per litre. [Source: https://www.dawn.com/news/2002321/govt-reduces-petrol-by-rs6-per-litre-high-speed-diesel-by-rs68, 22 May 2026]
#13769
Consider the following statements about the global commodity market on July 23, 2026: 1. Copper prices declined due to the negative impact of soaring oil prices on the economic outlook. 2. The cash LME copper contract was trading at a discount compared to the three-month forward contract. 3. Oil prices rose for five consecutive days leading up to the report. 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 copper prices tracked equity markets downward due to oil price pressure. Statement 3 is correct as oil prices rose for a fifth day. Statement 2 is incorrect because the cash LME copper contract was trading at a premium, not a discount, over the three-month forward. [Source: https://www.brecorder.com/news/40431447/copper-dips-as-soaring-oil-prices-weigh-on-economic-outlook, 23 Jul 2026]
#13770
Consider the following statements regarding the Indian market conditions on July 23, 2026: 1. The Nifty 50 benchmark index experienced a decline. 2. Brent crude oil prices approached the $100 per barrel threshold. 3. The Indian rupee showed significant appreciation against the dollar due to market optimism. 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 Nifty 50 fell by 0.5%, and Brent crude prices neared $100 per barrel. The rupee did not appreciate significantly; it remained nearly flat due to central bank intervention, making statement 3 incorrect. [Source: https://www.brecorder.com/news/40431443/indian-rupee-ends-nearly-flat-as-central-bank-intervention-blunts-oil-strain, 23 Jul 2026]
#13771
Which of the following statements regarding the market performance on July 23, 2026, is INCORRECT?
(a) The Pakistani rupee gained value in the inter-bank market.
(b) The Pakistani rupee appreciated against the Euro in the open market.
(c) The US dollar index eased by 0.06% to 101.05.
(d) Brent crude prices reached their highest level in nearly two months.
Explanation: The report indicates that the Pakistani rupee lost value against the Euro in the open market, making statement C incorrect. All other statements accurately reflect the data provided for the event date. [Source: https://www.brecorder.com/news/40431436/pakistani-rupee-records-gain-against-us-dollar, 23 Jul 2026]
#13772
Which of the following statements regarding the impact of the 2026 Middle East conflict on the aviation industry is INCORRECT?
(a) Some airlines have implemented temporary price adjustments to maintain reliable operations.
(b) All major international airlines have abandoned fuel hedging policies due to the conflict.
(c) Airspace closures in the Middle East have forced pilots to reroute flights.
(d) Rising fuel costs have led to concerns regarding a potential deep travel slump.
Explanation: The statement is incorrect because not all airlines abandoned hedging; for instance, Lufthansa and Ryanair maintained fuel hedging to secure supplies at fixed prices. The other options accurately describe the operational challenges faced by the industry. [Source: https://www.dawn.com/news/1980748/airlines-raise-ticket-prices-as-middle-east-conflict-drives-up-fuel-costs, 11 Mar 2026]
#13773
Which Israeli bank is scheduled to terminate its association with Palestinian banks on September 1, 2026?
(a) Bank Leumi
(b) Bank Hapoalim
(c) First International Bank of Israel
(d) Israel Discount Bank
Explanation: Israel Discount Bank is set to end its correspondent banking relationship with Palestinian lenders on September 1, 2026. Bank Hapoalim is scheduled to follow with a similar action on October 1, 2026. [Source: https://www.dawn.com/news/2017988/2-israeli-banks-prepare-to-cut-ties-with-palestinians, 24 Jul 2026]
#13774
Consider the following statements about the current Middle Eastern energy landscape as of July 2026: 1. ADNOC has sold over 74 million barrels of crude in previous tenders since June. 2. The viability of the shuttle fleet service is currently considered certain and risk-free. 3. Spot premiums for Middle Eastern crude have reached a more than one-month high. 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 factually correct based on the report. Statement 2 is incorrect because the report explicitly states that the viability of the shuttle fleet service is unclear due to ongoing hostilities. [Source: https://www.brecorder.com/news/40431617/adnoc-offers-crude-oil-in-7th-tender-issued-since-june-sources-say, 24 Jul 2026]
#13775
Which of the following is NOT a stated objective of the US Central Command (Centcom) strikes against Iran as of July 24, 2026?
(a) Annexing territory in the Strait of Hormuz
(b) Targeting drone storage facilities
(c) Neutralizing coastal surveillance sites
(d) Diminishing threats to civilian mariners
Explanation: Centcom's stated objectives focus on degrading Iranian military capabilities like command centers and maritime infrastructure to protect shipping. Annexation is not a stated objective of these military operations. [Source: https://www.dawn.com/news/2018016/us-strikes-iran-again-to-diminish-threat-to-mariners-vessels-after-attacks-on-saudi-oil-tankers-in-red-sea, 24 Jul 2026]
#13776
Consider the following statements regarding the economic situation in India as of July 2026: 1. The United States is imposing new tariffs on Indian goods due to allegations regarding forced labour bans. 2. Indian benchmarks have experienced a decline of approximately 2% over the week. 3. IndiGo reported a profit for the current quarter despite the rising fuel prices. 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 IndiGo posted a loss, not a profit, driven by soaring fuel prices and regional uncertainty. [Source: https://www.brecorder.com/news/40431590/indian-shares-to-open-lower-as-crude-tops-100, 24 Jul 2026]
#13777
Analyze the following statements regarding Pakistan's governance and economic policy frameworks as of July 31, 2026: 1. The National Tariff Commission is leveraging anti-dumping investigations as a defensive trade instrument to address market imbalances in the crockery sector. 2. The Ministry of Communications is prioritizing the enforcement of axle load limits to curb the physical degradation of national transportation infrastructure. 3. The Election Commission of Pakistan has upheld the Elections Act, 2017, by refusing to recognize political party leadership that failed to comply with intra-party election mandates. Which of the above statements are correct?
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2, and 3
Explanation: All three statements accurately reflect the governance challenges and regulatory actions occurring on July 31, 2026. The NTC is investigating crockery imports, the Ministry of Communications is enforcing load limits for infrastructure protection, and the ECP is applying the Elections Act, 2017 to regulate political parties. [Source: https://www.brecorder.com/news/40432643/crockery-products-imported-from-china-ntc-initiates-anti-dumping-investigation]
#13778
Which of the following sequences represents the correct order of official policy focus or incidence occurrence reported on July 31, 2026?
(a) Mine explosion -> Police martyrdom -> Defense cooperation agreement -> Electric bus expansion
(b) Defense cooperation agreement -> Electric bus expansion -> Mine explosion -> Police martyrdom
(c) Electric bus expansion -> Mine explosion -> Police martyrdom -> Defense cooperation agreement
(d) Police martyrdom -> Electric bus expansion -> Mine explosion -> Defense cooperation agreement
Explanation: While all events occurred on the same calendar day, the logical progression of administrative and security events, as recorded in the news cycle, identifies the mining disaster and security threats followed by external strategic policy and internal environmental initiatives. [Source: https://www.dawn.com/news/2019693/at-least-32-killed-after-coal-mine-explosion-near-quetta-search-under-way-for-2-miners]
#13779
Which of the following is NOT a category of business exempted from the 9pm closing time in Sindh as per the May 2026 notification?
(a) Wedding halls
(b) Shopping malls
(c) Food outlets
(d) Public sector offices
Explanation: The notification specifically exempted commercial entities like wedding halls, shopping malls, and food outlets from the 9pm closing time. Public sector offices were not included in this commercial market timing exemption. [Source: https://www.dawn.com/news/2000676/sindh-lifts-curbs-on-market-timings-minister-says-step-taken-to-facilitate-businesses-citizens, 16 May 2026]
#13780
Consider the following statements about the energy market developments as of March 11, 2026: 1. The IEA's proposed oil release is intended to offset disruptions caused by the US-Israeli conflict with Iran. 2. Goldman Sachs analysts estimated that the proposed stockpile release would offset 12 days of Gulf export disruptions. 3. US crude prices reached their highest level since June 2022 on Monday, March 9, 2026. 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 report: the IEA is responding to the Iran conflict, Goldman Sachs provided the 12-day offset estimate, and WTI crude prices hit their highest point since June 2022 on the preceding Monday. [Source: https://www.dawn.com/news/1980857/oil-falls-on-report-of-iea-proposing-biggest-oil-release-ever, 11 Mar 2026]