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.
#13961
Which of the following statements regarding the Australian market performance on July 27, 2026, is INCORRECT?
(a) The S&P/ASX 200 index rose to 8,851.30 points.
(b) Technology stocks jumped by 3.8%.
(c) Miners gained 2.1% during the session.
(d) The benchmark index fell by 0.9% on the previous Friday.
Explanation: The benchmark index fell by 0.8% on the previous Friday, not 0.9%. The other statements accurately reflect the market data from the session. [Source: https://www.brecorder.com/news/40431982/australian-shares-rise-nearly-1-as-middle-east-de-escalation-boosts-sentiment, 27 Jul 2026]
#13962
Which of the following statements regarding the impact of the July 2026 oil price decline on the US economy is INCORRECT?
(a) It guarantees an immediate interest rate cut by the Federal Reserve.
(b) It provides the Federal Reserve with greater policy flexibility.
(c) It is expected to ease inflationary pressures.
(d) It follows a period where Brent crude had surged to $102 per barrel.
Explanation: While the decline in oil prices provides policy flexibility, it does not guarantee an interest rate cut, as market expectations were leaning toward a status quo or a future hike. The other statements accurately reflect the economic context described. [Source: https://www.brecorder.com/news/40431972/indian-bonds-rebound-as-easing-middle-east-tensions-drag-oil-lower, 27 Jul 2026]
#13963
According to the Federation of Thai Industries, the production of which specific item dropped by 7.55% in June 2026?
(a) Automobiles
(b) Palm oil
(c) Electronics
(d) None of these
Explanation: The Federation of Thai Industries reported a 7.55% decline in automobile production. Palm oil production saw a much steeper decline of 33.2%, making it an incorrect choice. [Source: https://www.brecorder.com/news/40431970/thai-june-factory-output-falls-31-yy-weaker-than-forecast, 27 Jul 2026]
#13964
What is the total amount of subsidies approved by the Economic Coordination Committee (ECC) for export promotion schemes on July 28, 2026?
(a) Rs155 billion
(b) Rs455 billion
(c) Rs355 billion
(d) Rs255 billion
Explanation: The ECC approved Rs255 billion in subsidies to boost exports through three distinct incentive schemes. This funding is intended to address the stagnation of annual exports at the $30 billion mark. [Source: https://www.dawn.com/news/2018926/ecc-okays-rs255bn-for-export-boosting-schemes, 28 Jul 2026]
#13965
Which company was identified as the heaviest mover during the market decline on March 9, 2026?
(a) K-Electric Limited
(b) First National Equities Limited
(c) The Bank of Punjab
(d) Engro Corporation
Explanation: K-Electric Limited was the heaviest mover during the session, tumbling 7.81 percent on a trading volume of over 127 million shares. The Bank of Punjab and First National Equities Limited also saw significant drops but had lower trading volumes. [Source: https://www.dawn.com/news/1980057/bloodbath-at-psx-as-kse-100-slides-over-11000-points, 09 Mar 2026]
#13966
What is the official forecast range for Thailand's factory output growth for the year 2026?
(a) 0.5% to 1.0%
(b) 1.0% to 2.0%
(c) 2.0% to 3.0%
(d) 3.0% to 4.0%
Explanation: The industry ministry has maintained its annual forecast for factory output to rise between 1.0% and 2.0%. This projection remains despite the recent monthly underperformance. [Source: https://www.brecorder.com/news/40431970/thai-june-factory-output-falls-31-yy-weaker-than-forecast, 27 Jul 2026]
#13967
On March 10, 2026, what was the primary reason cited for the rise in gold prices?
(a) A strengthening of the US dollar
(b) A weaker US dollar and easing energy costs
(c) An increase in global interest rates
(d) None of these
Explanation: Gold prices rose due to a weaker US dollar and expectations of lower inflation following a potential de-escalation in Middle East tensions, which caused oil prices to drop. A stronger dollar (Option A) typically makes gold more expensive for foreign buyers, leading to a price decline. [Source: https://www.dawn.com/news/1980485/gold-gains-on-weaker-dollar-easing-inflation-concerns, 10 Mar 2026]
#13968
Consider the following statements about the regional conflict as of March 10, 2026: 1. Iranian strikes targeted energy installations in the Gulf region. 2. The US President characterized the appointment of the new supreme leader as a positive development for regional peace. 3. Iranian Foreign Minister Abbas Araghchi stated that Iran's actions are defensive in nature. 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 Iran launched strikes on energy installations. Statement 3 is correct as the Foreign Minister described actions as defensive. Statement 2 is incorrect because President Trump called the appointment a 'big mistake'. [Source: https://www.dawn.com/news/1980416/oil-prices-go-haywire-as-iran-welcomes-new-supreme-leader, 10 Mar 2026]
#13969
Who is the current head of the Senate Standing Committee on Economic Affairs as of March 10, 2026?
(a) Senator Saifullah Abro
(b) Senator Syed Nazir Abbas
(c) Senator Ishaq Dar
(d) None of these
Explanation: Senator Saifullah Abro is the chairman of the Senate Standing Committee on Economic Affairs. Dr. Syed Nazir Abbas is the Secretary General of the Oil Companies Advisory Council (OCAC), not the committee chairman. [Source: https://www.dawn.com/news/1980379/senate-panel-to-expose-fuel-price-hike-beneficiaries, 10 Mar 2026]
#13970
Consider the following statements about the market reaction on July 27, 2026: 1. Indian government bonds experienced a surge in yields due to rising oil prices. 2. The 10-year US Treasury yield eased to 4.64%. 3. Market participants assigned a 66% probability of a status quo in the upcoming Federal Reserve interest rate decision. 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 Indian bond yields fell (rebounded) as oil prices decreased, not increased. Statements 2 and 3 are factually accurate according to the market data provided for the specified date. [Source: https://www.brecorder.com/news/40431972/indian-bonds-rebound-as-easing-middle-east-tensions-drag-oil-lower, 27 Jul 2026]
#13971
On March 10, 2026, by what approximate percentage did global oil prices fall following comments regarding Middle East de-escalation?
(a) 5 percent
(b) 9 percent
(c) 7 percent
(d) 11 percent
Explanation: Oil prices plummeted by approximately 7 percent on March 10, 2026, after reaching highs above $119 per barrel. This correction was driven by market optimism following US President Donald Trump's predictions regarding the conflict. [Source: https://www.dawn.com/news/1980481/oil-sinks-7pc-as-trump-predicts-middle-east-de-escalation, 10 Mar 2026]
#13972
Who was appointed as the new supreme leader of Iran following the death of his father in 2026?
(a) Abbas Araghchi
(b) Ali Larijani
(c) Mojtaba Khamenei
(d) None of these
Explanation: Mojtaba Khamenei was appointed as the new supreme leader of Iran in March 2026. Abbas Araghchi serves as the Foreign Minister, and Ali Larijani is a security official. [Source: https://www.dawn.com/news/1980416/oil-prices-go-haywire-as-iran-welcomes-new-supreme-leader, 10 Mar 2026]
#13973
Who presided over the Economic Coordination Committee meeting held on July 27, 2026, where the export subsidy package was approved?
(a) Finance Minister
(b) Minister for Commerce
(c) Prime Minister
(d) Governor State Bank
Explanation: Finance Minister Muhammad Aurangzeb chaired the ECC meeting that approved the export-boosting schemes. The committee is a key executive body responsible for economic decision-making in Pakistan. [Source: https://www.dawn.com/news/2018926/ecc-okays-rs255bn-for-export-boosting-schemes, 28 Jul 2026]
#13974
What is the percentage reduction in fuel allotted for official vehicles as announced by the Sindh government in March 2026?
(a) 20 percent
(b) 30 percent
(c) 50 percent
(d) 60 percent
Explanation: The provincial government mandated a 50 percent reduction in fuel allocations for official vehicles to save approximately Rs960 million. This is distinct from the 20 percent reduction applied to other non-essential expenditures like stationery. [Source: https://www.dawn.com/news/1980528/sindh-schools-to-close-from-march-16-31-friday-to-be-wfh-for-govt-offices-as-part-of-austerity-measures, 10 Mar 2026]
#13975
Consider the following statements about the oil market developments on March 10, 2026: 1. US President Donald Trump suggested that the war in the Middle East could conclude in the near future. 2. The Islamic Revolutionary Guards Corps threatened to block oil exports from the region if attacks continued. 3. The Kremlin reported that Vladimir Putin shared proposals aimed at a quick settlement to the war. 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: Trump predicted a short-lived war, the IRGC issued threats regarding oil exports, and the Kremlin confirmed Putin's diplomatic proposals. [Source: https://www.dawn.com/news/1980481/oil-sinks-7pc-as-trump-predicts-middle-east-de-escalation, 10 Mar 2026]
#13976
Which of the following statements regarding the events of March 10, 2026, is INCORRECT?
(a) Brent crude oil prices experienced significant volatility during the day.
(b) Russian President Vladimir Putin discussed the Iranian conflict with US President Donald Trump.
(c) Iranian security officials expressed skepticism regarding the restoration of security in the Strait of Hormuz.
(d) The United States officially declared the war in the Middle East to be permanently concluded.
Explanation: President Trump predicted the war could be over soon, but he did not declare it permanently concluded. The other statements accurately reflect the reported events of that date. [Source: https://www.dawn.com/news/1980416/oil-prices-go-haywire-as-iran-welcomes-new-supreme-leader, 10 Mar 2026]
#13977
Which of the following statements regarding the market conditions on March 9, 2026, is INCORRECT?
(a) The KSE-100 index closed at 146,480.14 points.
(b) Gold prices fell by 2 percent amid geopolitical tensions.
(c) The market suspension was triggered by a 10 percent drop in the KSE-100 index.
(d) The government recently increased petrol and diesel prices by Rs55 per litre.
Explanation: The market suspension was triggered by a 5 percent drop in the KSE-30 index, not a 10 percent drop in the KSE-100 index. The other statements accurately reflect the market data and government policy actions reported on that date. [Source: https://www.dawn.com/news/1980057/bloodbath-at-psx-as-kse-100-slides-over-11000-points, 09 Mar 2026]
#13978
Consider the following statements about the Australian market on July 27, 2026: 1. The S&P/NZX 50 index in New Zealand fell by 0.4%. 2. Financials rose to their highest level since April 22, 2026. 3. Markets have priced in a 50% chance of a rate hike at the next central bank meeting. 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 correct. Statement 3 is incorrect because the market priced in nearly a 30% chance of a rate hike, not 50%. [Source: https://www.brecorder.com/news/40431982/australian-shares-rise-nearly-1-as-middle-east-de-escalation-boosts-sentiment, 27 Jul 2026]
#13979
By how many points did the KSE-100 index decline on March 9, 2026?
(a) 9,780.15 points
(b) 157,496.10 points
(c) 13,157.62 points
(d) 11,015.96 points
Explanation: The KSE-100 index plummeted by 11,015.96 points during the trading session on March 9, 2026. While 9,780.15 points was the threshold that triggered the initial trading halt, the final decline recorded by the closing bell was 11,015.96 points. [Source: https://www.dawn.com/news/1980057/bloodbath-at-psx-as-kse-100-slides-over-11000-points, 09 Mar 2026]
#13980
According to the Sindh government's 2026 austerity measures, schools in the province will observe spring vacation during which period?
(a) March 1 to March 15
(b) March 16 to March 31
(c) April 1 to April 15
(d) None of these
Explanation: The Sindh government announced that schools will remain closed for spring vacation from March 16 to March 31, 2026. This is part of a broader set of austerity measures aimed at reducing provincial expenditures. [Source: https://www.dawn.com/news/1980528/sindh-schools-to-close-from-march-16-31-friday-to-be-wfh-for-govt-offices-as-part-of-austerity-measures, 10 Mar 2026]