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.
#13781
Which of the following statements regarding the automotive sector performance in February 2026 is INCORRECT?
(a) Truck and bus sales surged by 37 percent year-on-year.
(b) Honda Atlas Cars Ltd sales increased by 57 percent month-on-month.
(c) Hyundai Nishat Motors recorded a year-on-year decline in sales.
(d) Pak Suzuki Motor Company recorded a 53 percent year-on-year increase.
Explanation: Honda Atlas Cars Ltd sales actually fell by 42 percent month-on-month in February 2026, not increased. The other three statements are factually accurate according to the reported data. [Source: https://www.dawn.com/news/1980724/auto-sales-rise-43pc-in-july-february, 11 Mar 2026]
#13782
Who announced the decision to lift market timing restrictions in Sindh on May 16, 2026?
(a) Murad Ali Shah
(b) Sharjeel Memon
(c) Saeed Ghani
(d) None of these
Explanation: Sharjeel Memon, serving as the Sindh Senior Minister, officially announced the exemption of markets and businesses from fixed closing times. Murad Ali Shah is the Chief Minister, but the specific announcement regarding this policy shift was attributed to the Senior Minister. [Source: https://www.dawn.com/news/2000676/sindh-lifts-curbs-on-market-timings-minister-says-step-taken-to-facilitate-businesses-citizens, 16 May 2026]
#13783
What was the percentage increase in cumulative sales of cars, SUVs, pickups, and vans during the first eight months of the 2026 fiscal year (8MFY26)?
(a) 31 percent
(b) 59 percent
(c) 43 percent
(d) 90 percent
Explanation: Cumulative sales for the 8MFY26 period reached 128,498 units, representing a 43 percent increase over the 89,770 units sold in the same period of the previous fiscal year. Other figures, such as 59 percent, refer to specific company-level growth for Indus Motor Company rather than the total sector aggregate. [Source: https://www.dawn.com/news/1980724/auto-sales-rise-43pc-in-july-february, 11 Mar 2026]
#13784
Which of the following statements regarding ADNOC's July 2026 tender policy is INCORRECT?
(a) The tender includes crude loading from August to October.
(b) The tender is valid for only 24 hours after submission.
(c) The tender bid submission is due on July 27.
(d) Bids from buyers at a discounted differential are automatically rejected.
Explanation: The tender is valid until at least July 29, not 24 hours after submission. The other statements accurately reflect the terms set by ADNOC for the July 2026 tender. [Source: https://www.brecorder.com/news/40431617/adnoc-offers-crude-oil-in-7th-tender-issued-since-june-sources-say, 24 Jul 2026]
#13785
What is the maturity period of the dollar bonds issued by ICICI Bank in July 2026?
(a) Three years
(b) Five years
(c) Four years
(d) Seven years
Explanation: The ICICI Bank dollar bond issue has a maturity period of five years. This aligns with the duration of other recent dollar debt sales by major Indian financial institutions. [Source: https://www.brecorder.com/news/40431638/icici-bank-prices-1-billion-debt-in-largest-dollar-issue-by-indian-private-lender, 24 Jul 2026]
#13786
As of July 24, 2026, what is the primary reason cited for the surge in Brent crude oil prices exceeding $100 per barrel?
(a) Global supply chain disruptions in the semiconductor industry
(b) Escalating conflict in the Middle East
(c) Unexpected production cuts by OPEC+ members
(d) None of these
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]
#13787
Which institution introduced the swap facility that lowered hedging costs for Indian banks in 2026?
(a) State Bank of India
(b) Reserve Bank of India
(c) Ministry of Finance
(d) None of these
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]
#13788
Which Indian financial institution was the last to tap the market for Basel III-compliant additional Tier I perpetual bonds prior to the SBI issuance in 2026?
(a) Canara Bank
(b) ICICI Bank
(c) HDFC Bank
(d) Axis Bank
Explanation: Canara Bank was the last lender to issue such bonds, raising 35 billion rupees in November 2025. The other banks listed are major private sector players not mentioned in the context of this specific recent issuance. [Source: https://www.brecorder.com/news/40431637/indias-sbi-to-issue-first-rupee-denominated-perpetual-debt-of-2026-sources-say, 24 Jul 2026]
#13789
What is the total value of the perpetual debt issuance planned by the State Bank of India in 2026?
(a) 35 billion rupees
(b) 50 billion rupees
(c) 600 billion rupees
(d) None of these
Explanation: The State Bank of India planned to raise 50 billion rupees through its perpetual bond issuance. While 600 billion rupees is the total board-approved limit for the financial year, 50 billion is the specific amount for this transaction. [Source: https://www.brecorder.com/news/40431637/indias-sbi-to-issue-first-rupee-denominated-perpetual-debt-of-2026-sources-say, 24 Jul 2026]
#13790
Which sector led the gains on the FTSE 100 index on July 24, 2026?
(a) Pharmaceuticals and healthcare
(b) Retail and consumer goods
(c) Electronics and technology
(d) Investment banks and brokerages
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]
#13791
Which of the following statements regarding the market conditions on July 24, 2026, is INCORRECT?
(a) Energy shares experienced a decline due to regional tensions
(b) The FTSE 250 index also recorded a climb of 0.3%
(c) Oil prices remained stable throughout the trading session
(d) Investors monitored rising oil prices amid Middle East tensions
Explanation: Oil prices did not remain stable; they were volatile and retreated after initial concerns regarding energy flow disruptions in the Red Sea. The other statements accurately reflect the market data provided. [Source: https://www.brecorder.com/news/40431643/londons-ftse-100-rises-as-hsbc-lifts-financial-stocks-middle-east-tensions-linger, 24 Jul 2026]
#13792
Which of the following factors was primarily responsible for the pressure on Indian bond sentiment during the week ending July 24, 2026?
(a) Surging oil prices
(b) Domestic political instability
(c) A sudden decline in tax revenue
(d) None of these
Explanation: Surging oil prices and higher U.S. Treasury yields were the primary drivers of negative sentiment in the Indian bond market. Domestic political instability and tax revenue are not cited as factors in this context. [Source: https://www.brecorder.com/news/40431650/india-bonds-end-three-day-losing-streak-but-post-second-straight-weekly-decline, 24 Jul 2026]
#13793
Which of the following indices recorded a 0.2% decline to reach a near seven-week low on July 24, 2026?
(a) Saudi Stock Exchange
(b) Abu Dhabi Securities Exchange
(c) Dubai Financial Market
(d) Kuwait Stock Exchange
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]
#13794
What was the closing value of the FTSE 100 index on July 24, 2026?
(a) 10,474.68 points
(b) 10,674.68 points
(c) 10,574.68 points
(d) 10,774.68 points
Explanation: The blue-chip FTSE 100 index rose 0.3% to reach 10,674.68 points on the specified date. This reflects the market's reaction to the financial sector's performance despite geopolitical headwinds. [Source: https://www.brecorder.com/news/40431643/londons-ftse-100-rises-as-hsbc-lifts-financial-stocks-middle-east-tensions-linger, 24 Jul 2026]
#13795
Consider the following statements about the aviation industry's response to the 2026 Middle East conflict: 1. Air New Zealand suspended its financial outlook for 2026 due to market uncertainty. 2. Emirates, Qatar Airways, and Etihad account for approximately one-third of passenger traffic between Europe and Asia. 3. British Airways-owner IAG announced immediate plans to increase ticket prices across all routes.
(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 IAG explicitly stated it was well-hedged and had no immediate plans to change ticket prices. [Source: https://www.dawn.com/news/1980748/airlines-raise-ticket-prices-as-middle-east-conflict-drives-up-fuel-costs, 11 Mar 2026]
#13796
Which of the following statements regarding the market conditions as of March 11, 2026, is INCORRECT?
(a) Spot platinum prices fell by 5 percent.
(b) Spot gold prices were recorded at $5,202.10 per ounce.
(c) Oil prices dropped below $90 per barrel.
(d) Gold has risen more than 20 percent so far this year.
Explanation: Spot platinum actually rose by 0.1 percent, making the claim that it fell by 5 percent incorrect. The other statements accurately reflect the market data provided for the specified date. [Source: https://www.dawn.com/news/1980850/gold-edges-higher-on-safe-haven-demand-ahead-of-us-cpi-data, 11 Mar 2026]
#13797
Consider the following statements about the investment plan announced on March 11, 2026: 1. The investment plan aims to stimulate industrial activities and generate employment in Balochistan. 2. The Chinese delegation was accompanied by the former finance minister of Balochistan, Amjad Rasheed. 3. The proposed investment in the mineral sector is larger than the investment in the manufacturing sector. 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 investment aims to boost industry and jobs. Statement 2 is correct as Amjad Rasheed accompanied the delegation. Statement 3 is incorrect because the $2.6 billion manufacturing investment is significantly larger than the $14 million mineral sector investment. [Source: https://www.dawn.com/news/1980763/chinese-firms-plan-to-invest-26bn-in-balochistan, 11 Mar 2026]
#13798
What is the total value of the dollar bond issued by ICICI Bank in July 2026?
(a) $500 million
(b) $800 million
(c) $1.25 billion
(d) $1 billion
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]
#13799
What is the duration of the call option attached to the State Bank of India's 2026 perpetual debt issuance?
(a) Three years
(b) Seven years
(c) Five years
(d) Ten years
Explanation: The current issuance features a five-year call option. A ten-year call option was utilized by the bank in its previous issuance in October 2024. [Source: https://www.brecorder.com/news/40431637/indias-sbi-to-issue-first-rupee-denominated-perpetual-debt-of-2026-sources-say, 24 Jul 2026]
#13800
Consider the following statements about the State Bank of India's capital raising activities: 1. The board approved raising up to 600 billion rupees through debt in the current financial year. 2. The bank's previous perpetual bond issuance occurred in November 2025. 3. The 2026 perpetual debt issuance is designed to be Basel III-compliant. 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 regarding the 600 billion rupee board approval. Statement 3 is correct regarding Basel III compliance. Statement 2 is incorrect because the bank's previous perpetual bond issuance occurred in October 2024, whereas Canara Bank issued bonds in November 2025. [Source: https://www.brecorder.com/news/40431637/indias-sbi-to-issue-first-rupee-denominated-perpetual-debt-of-2026-sources-say, 24 Jul 2026]