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.
#13841
Consider the following statements regarding the geopolitical and economic developments reported on August 6, 2026: 1. The Pakistan Stock Exchange (KSE-100) reached a significant milestone by surpassing 180,000 points amid a strong recovery rally. 2. The United States International Development Finance Corporation (DFC) is actively exploring collaborative investments in Pakistan’s critical mineral supply chains. 3. The Pakistan Banking Awards are set to be held on August 21, emphasizing the national movement toward financial governance and digital transformation. Which of the statements provided above are correct?
(a) Only 1 and 2
(b) Only 1 and 3
(c) Only 2 and 3
(d) All 1, 2, and 3
Explanation: All three statements accurately reflect the provided reports: the KSE-100 rally, the involvement of US DFIs in Pakistan's mineral sector, and the upcoming banking awards scheduled for August 21. Each event illustrates distinct facets of Pakistan’s current economic and institutional trajectory. [Source: https://www.dawn.com/news/2020895/us-firms-look-to-pakistan-for-critical-mineral-supplies]
#13842
Arrange the following major international and regional developments in the correct chronological order of their reported occurrences or scheduling (earliest to latest): 1. The 11th Pakistan Banking Awards. 2. The 2024 uprising in Bangladesh leading to the current political climate for Sheikh Hasina. 3. The reported monsoon-related fatalities in India reaching over 100 on August 6, 2026. 4. The legislative advancement of a conditional amnesty bill for PKK fighters in Turkey.
(a) 2, 3, 4, 1
(b) 3, 2, 4, 1
(c) 2, 1, 3, 4
(d) 4, 2, 3, 1
Explanation: The sequence is determined by the 2024 Bangladesh uprising, followed by the specific disaster reports from India (August 6, 2026), the legislative action in Turkey (August 6, 2026), and finally the scheduled Pakistan Banking Awards (August 21, 2026). [Source: https://www.dawn.com/news/2020870/floods-landslides-leave-over-100-dead-as-monsoon-batters-india]
#13843
Consider the following statements about the front-running case involving Axis Mutual Fund: 1. The scheme involved leaking confidential information about the fund house's impending trades. 2. Prijesh Kurani, a Dubai-based trader, was identified as a collaborator in the scheme. 3. The SEBI order was finalized and passed on July 24, 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 SEBI order. The scheme involved the misuse of confidential trade information, collaboration with a Dubai-based trader, and the final order was issued on the specified date of July 24, 2026. [Source: https://www.brecorder.com/news/40431649/india-regulator-bars-former-axis-mf-dealer-for-seven-years-in-front-running-case, 24 Jul 2026]
#13844
The Nifty 50 index closed at which of the following levels on July 24, 2026?
(a) 78,210.30
(b) 76,059.77
(c) 22,540.12
(d) 23,767.45
Explanation: The Nifty 50 fell 0.43% to close at 23,767.45 on the specified date. The BSE Sensex closed at 76,059.77. [Source: https://www.brecorder.com/news/40431634/indian-shares-log-weekly-losses-as-crude-climbs-hdfc-bank-tumbles, 24 Jul 2026]
#13845
Which of the following factors is NOT cited as a primary risk to the Indian economy in the context of the July 24, 2026 market report?
(a) Persistent high crude oil prices
(b) Excessive foreign direct investment inflows
(c) Supply-chain disruptions
(d) Erratic monsoon and rainfall deficit
Explanation: The report identifies high oil prices, rainfall deficits, and supply-chain disruptions as key risks. Excessive foreign direct investment is not mentioned as a risk factor in this context. [Source: https://www.brecorder.com/news/40431634/indian-shares-log-weekly-losses-as-crude-climbs-hdfc-bank-tumbles, 24 Jul 2026]
#13846
Consider the following statements about the Indian rupee market conditions on July 24, 2026: 1. The Indian rupee reached a new all-time record low during the trading session. 2. The Reserve Bank of India conducted interventions in both the spot and non-deliverable forwards markets. 3. Brent crude oil prices retreated by approximately 4 percent after initially topping 100 dollars per barrel. 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 incorrect because the rupee avoided a record low, remaining near the May record of 96.96. Statements 2 and 3 are factually accurate descriptions of the market intervention and oil price movements reported on that date. [Source: https://www.brecorder.com/news/40431635/intervention-shields-indian-rupee-in-face-of-oil-hedging-strain, 24 Jul 2026]
#13847
Which of the following statements regarding the US-EU trade tensions in July 2026 is INCORRECT?
(a) The US Trade Representative Jamieson Greer supported the EU's enforcement action as a boost to transatlantic trade.
(b) The European Commission's fine against Google was the first penalty under the Digital Markets Act.
(c) The US administration announced new tariffs of 10 to 12.5 percent on 60 trading partners.
(d) President Trump threatened to initiate a Section 301 investigation into the EU's antitrust practices.
Explanation: US Trade Representative Jamieson Greer actually criticized the EU's decision, stating that it undermined constructive dialogue and posed a risk to trade stability, making the incorrect statement. [Source: https://www.dawn.com/news/2018219/trump-says-eu-to-pay-very-big-price-for-google-fine, 25 Jul 2026]
#13848
Which of the following is NOT a stated concern regarding the intensification of regional tensions mentioned in the 2026 roundtable?
(a) Maritime security
(b) Global energy markets
(c) Internal border demarcation
(d) Regional peace and stability
Explanation: The roundtable discussion focused on strategic stability, maritime security, and energy markets. Internal border demarcation was not listed as a primary concern in the context of this specific diplomatic event. [Source: https://www.brecorder.com/news/40431693/regional-challenges-irans-envoy-for-greater-bilateral-cooperation, 24 Jul 2026]
#13849
What was the recorded inflation rate in Pakistan for the month of February 2026?
(a) 5.80 percent
(b) 6.98 percent
(c) 7.15 percent
(d) 8.20 percent
Explanation: Inflation rose to 6.98 percent year-on-year in February 2026, up from 5.8 percent in January. This represents the highest level recorded since October 2024. [Source: https://www.dawn.com/news/1979645/stocks-nosedive-63pc-in-jittery-week-on-geopolitical-concerns, 08 Mar 2026]
#13850
Which of the following statements regarding the market performance in March 2026 is INCORRECT?
(a) Foreign corporates were net sellers of equities during the week.
(b) The KSE-100 index experienced a single-session decline of over 16,000 points on Monday.
(c) Cement despatches showed a year-on-year increase in February 2026.
(d) The rupee depreciated significantly against the dollar during the week.
Explanation: The rupee remained largely stable, appreciating marginally by 0.02 percent week-on-week. The other statements accurately reflect the market data provided for the period. [Source: https://www.dawn.com/news/1979645/stocks-nosedive-63pc-in-jittery-week-on-geopolitical-concerns, 08 Mar 2026]
#13851
Which Indian financial institution experienced its steepest weekly decline in 2-1/2 years on July 24, 2026?
(a) Axis Bank
(b) ICICI Bank
(c) HDFC Bank
(d) State Bank of India
Explanation: HDFC Bank recorded a 9.4% decline, marking its sharpest weekly drop in 2-1/2 years due to investor concerns regarding margins. Axis Bank also declined, but HDFC Bank was identified as the primary weight on the benchmark indexes. [Source: https://www.brecorder.com/news/40431634/indian-shares-log-weekly-losses-as-crude-climbs-hdfc-bank-tumbles, 24 Jul 2026]
#13852
Consider the following statements about the Indian market performance on July 24, 2026: 1. The BSE Sensex recorded its steepest drop in two months. 2. Private banks and financial sectors were among the worst-performing segments. 3. Brent crude prices briefly crossed $100 a barrel during the week. 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 market report. The Sensex lost 2.7% (steepest in two months), financial sectors were heavily dragged down, and Brent crude crossed the $100 threshold. [Source: https://www.brecorder.com/news/40431634/indian-shares-log-weekly-losses-as-crude-climbs-hdfc-bank-tumbles, 24 Jul 2026]
#13853
Consider the following statements about the global vegetable oil market as of July 2026: 1. Dalian’s most-active soyoil contract experienced a gain of 1.33%. 2. Soyoil prices on the Chicago Board of Trade increased by 0.99%. 3. Brazil has the potential to triple its palm oil planted area over the next decade. 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 correct. Statement 2 is incorrect because soyoil prices on the Chicago Board of Trade actually dropped by 0.99%, not increased. [Source: https://www.brecorder.com/news/40431640/palm-oil-hits-15-week-high-posts-third-weekly-gain, 24 Jul 2026]
#13854
What was the closing value of the KSE-100 index at the end of the trading week ending on March 8, 2026?
(a) 145,210 points
(b) 157,496 points
(c) 162,305 points
(d) None of these
Explanation: The KSE-100 index closed at 157,496 points after a weekly decline of 6.3 percent. This decline was primarily attributed to investor panic regarding regional geopolitical instability. [Source: https://www.dawn.com/news/1979645/stocks-nosedive-63pc-in-jittery-week-on-geopolitical-concerns, 08 Mar 2026]
#13855
Consider the following statements about the economic indicators in February 2026: 1. Pakistan's trade deficit widened to approximately $3 billion. 2. Urea offtake recorded a significant increase compared to the previous year. 3. Liquid foreign exchange reserves held by the State Bank of Pakistan stood at $16.3 billion. 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 2 is incorrect because urea offtake actually fell by 28 percent year-on-year, reaching the lowest monthly level recorded. Statements 1 and 3 are factually accurate based on the reported economic data. [Source: https://www.dawn.com/news/1979645/stocks-nosedive-63pc-in-jittery-week-on-geopolitical-concerns, 08 Mar 2026]
#13856
Which instrument did the Reserve Bank of India likely use to offset the liquidity impact of its spot market dollar sales on July 24, 2026?
(a) Adjustment of the statutory liquidity ratio
(b) Direct purchase of government bonds
(c) Far tenor dollar-rupee buy/sell swaps
(d) Issuance of new treasury bills
Explanation: To manage the liquidity drain caused by selling dollars in the spot market, the central bank utilized far tenor dollar-rupee buy/sell swaps. This allows the bank to stabilize the currency without permanently tightening domestic rupee liquidity. [Source: https://www.brecorder.com/news/40431635/intervention-shields-indian-rupee-in-face-of-oil-hedging-strain, 24 Jul 2026]
#13857
What was the approximate value of net weekly forward dollar buying by merchants in the week ending July 17, 2026?
(a) 3.1 billion dollars
(b) 11.1 billion dollars
(c) 9.1 billion dollars
(d) 7.1 billion dollars
Explanation: Clearing house data indicated that merchant forward dollar buying rebounded to approximately 7.1 billion dollars in the week ending July 17, 2026. This increased hedging activity contributed to the downward pressure on the rupee. [Source: https://www.brecorder.com/news/40431635/intervention-shields-indian-rupee-in-face-of-oil-hedging-strain, 24 Jul 2026]
#13858
Which of the following is NOT a factor contributing to the pressure on the Indian rupee as of July 24, 2026?
(a) Excessive foreign direct investment inflows
(b) Weak domestic equities
(c) Increased corporate hedging
(d) High global oil prices
Explanation: Excessive foreign direct investment inflows typically strengthen a currency rather than weaken it. The other three factors—oil prices, weak equities, and corporate hedging—are explicitly cited as sources of downward pressure on the rupee. [Source: https://www.brecorder.com/news/40431635/intervention-shields-indian-rupee-in-face-of-oil-hedging-strain, 24 Jul 2026]
#13859
Which regulatory body is responsible for setting daily petroleum prices under the new mechanism introduced on July 25, 2026?
(a) State Bank of Pakistan
(b) Competition Commission of Pakistan
(c) Ministry of Finance
(d) Oil and Gas Regulatory Authority
Explanation: The Oil and Gas Regulatory Authority (OGRA) is the designated body tasked with setting daily fuel prices using Platts benchmark rates. This shift is intended to reduce political interference and ensure transparency in the pricing structure. [Source: https://www.dawn.com/news/2018248/daily-fuel-pricing, 25 Jul 2026]
#13860
What is the total amount of the fine imposed by the European Commission on Google for breaching the Digital Markets Act in July 2026?
(a) 460 million euros
(b) 430 million euros
(c) 1.2 billion euros
(d) 890 million euros
Explanation: The European Commission issued two separate fines of 460 million euros and 430 million euros, totaling 890 million euros. This represents the first penalty imposed on Google under the Digital Markets Act. [Source: https://www.dawn.com/news/2018219/trump-says-eu-to-pay-very-big-price-for-google-fine, 25 Jul 2026]