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.
#14101
Which of the following is NOT a factor currently influencing global market sentiment as of 2026-04-29?
(a) Anticipation of a US Federal Reserve interest rate decision
(b) Expectations of immediate global nuclear disarmament
(c) Concerns regarding the blockade of the Strait of Hormuz
(d) Earnings updates from major technology firms
Explanation: The report focuses on energy security, monetary policy, and corporate earnings; it does not mention global nuclear disarmament as a current market driver. The other three options are explicitly identified as key factors affecting investor behavior. [Source: https://www.dawn.com/news/1996151/oil-spikes-while-stocks-slip-ahead-of-us-fed-rate-decision, 29 Apr 2026]
#14102
Consider the following statements about the 2026 global economic outlook: 1. The World Bank projects that inflation in developing economies will be higher than previously expected before the conflict. 2. Urea prices are expected to jump by 60% in 2026. 3. Shipping through the Strait of Hormuz is expected to return to pre-war levels by early 2026. 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 inflation was revised upward by one percentage point. Statement 2 is correct regarding the 60% jump in urea. Statement 3 is incorrect because the baseline assumption is a return to pre-war levels by late 2026, not early 2026. [Source: https://www.dawn.com/news/1995842/energy-prices-expected-to-surge-24pc-reaching-highest-level-since-2022-russia-ukraine-war-world-bank-assessment, 28 Apr 2026]
#14103
The IMF executive board meeting scheduled for May 8, 2026, is intended to approve a disbursement of approximately how much total funding to Pakistan?
(a) $4.5 billion
(b) $1.2 billion
(c) $7.0 billion
(d) $1.47 trillion
Explanation: The IMF board is meeting to approve a disbursement of over $1.2 billion, comprising $1 billion from the EFF and $210 million from the RSF. While $4.5 billion represents the total cumulative disbursement under these arrangements, the specific upcoming tranche is $1.2 billion. [Source: https://www.dawn.com/news/1995256/imf-executive-board-to-meet-on-may-8-to-approve-disbursement-of-over-12bn-to-pakistan, 26 Apr 2026]
#14104
Which international benchmark oil contract reached $117.81 per barrel on 2026-04-29?
(a) West Texas Intermediate
(b) Dubai Crude
(c) Brent Crude
(d) None of these
Explanation: Brent crude is the international benchmark cited in the report as reaching $117.81 per barrel. West Texas Intermediate is a US-based benchmark and is not the contract mentioned in this context. [Source: https://www.dawn.com/news/1996151/oil-spikes-while-stocks-slip-ahead-of-us-fed-rate-decision, 29 Apr 2026]
#14105
Consider the following statements about the energy situation in Pakistan as of April 2026: 1. Spot LNG prices have surged to between $20 and $30 per mmBtu due to Middle East conflict. 2. Eight out of ten fertilizer plants in the country are currently operational despite gas supply disruptions. 3. The Baragzai X-01 well is expected to contribute approximately 25% of Pakistan's total crude output. 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 the well is expected to contribute about 10% of crude output, not 25%. [Source: https://www.dawn.com/news/1992034/pakistan-considering-buying-lng-on-spot-market-to-offset-supply-disruptions-caused-by-iran-war-petroleum-minister, 15 Apr 2026]
#14106
Which maritime chokepoint is identified as the primary source of concern for global oil supply disruptions as of 2026-04-29?
(a) Strait of Hormuz
(b) Strait of Malacca
(c) Suez Canal
(d) Bab-el-Mandeb Strait
Explanation: The Strait of Hormuz is a vital oil shipping route currently threatened by a potential blockade, which has caused Brent crude prices to spike. Other options are major maritime chokepoints but are not the focus of the current geopolitical tension described. [Source: https://www.dawn.com/news/1996151/oil-spikes-while-stocks-slip-ahead-of-us-fed-rate-decision, 29 Apr 2026]
#14107
Consider the following statements about the current economic climate as of 2026-04-29: 1. Brent crude prices have surged due to geopolitical tensions in the Middle East. 2. The US Federal Reserve is expected to announce a significant reduction in interest rates. 3. Investors are scrutinizing the capital expenditure of major tech firms regarding artificial intelligence.
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) All three
Explanation: Statement 1 is correct as oil prices rose due to the blockade concerns. Statement 3 is correct as tech firm AI spending is a major focus. Statement 2 is incorrect because the report states the Fed is expected to keep interest rates unchanged, not reduce them. [Source: https://www.dawn.com/news/1996151/oil-spikes-while-stocks-slip-ahead-of-us-fed-rate-decision, 29 Apr 2026]
#14108
Which of the following statements regarding Pakistan's energy strategy in April 2026 is INCORRECT?
(a) Pakistan has completely eliminated its reliance on LNG imports due to domestic production.
(b) The government is prioritizing government-to-government LNG deals to avoid steep premiums.
(c) Officials are considering the use of furnace oil to limit load shedding despite potential tariff increases.
(d) Insurance costs for routes crossing the Strait of Hormuz are higher than those via the Red Sea.
Explanation: Pakistan has not eliminated its reliance on LNG; it remains exposed to supply shocks and continues to import LNG to meet peak summer power demand. The other statements accurately reflect the government's current energy policy. [Source: https://www.dawn.com/news/1992034/pakistan-considering-buying-lng-on-spot-market-to-offset-supply-disruptions-caused-by-iran-war-petroleum-minister, 15 Apr 2026]
#14109
Who received Prime Minister Shehbaz Sharif upon his arrival in Saudi Arabia on April 15, 2026?
(a) Prince Faisal bin Farhan
(b) Prince Saud bin Mushaal bin Abdulaziz
(c) Prince Khalid bin Salman
(d) Prince Bandar bin Sultan
Explanation: Prince Saud bin Mushaal bin Abdulaziz, the Deputy Governor of the Makkah Region, was among the officials who received the Prime Minister. The other princes listed were not mentioned as part of the reception committee. [Source: https://www.dawn.com/news/1991908/pm-shehbaz-meets-saudi-crown-prince-in-jeddah-dar-says-avenues-to-further-enhance-cooperation-discussed, 15 Apr 2026]
#14110
During the 2026 Spring Meetings, Finance Minister Aurangzeb discussed the development of capital markets with the Managing Director of which organization?
(a) International Finance Corporation (IFC)
(b) Asian Development Bank (ADB)
(c) Islamic Development Bank (IsDB)
(d) None of these
Explanation: The Finance Minister held a separate meeting with IFC Managing Director Makhtar Diop to discuss capital market development and private sector investment. The ADB and IsDB are distinct institutions not mentioned in the context of this specific request. [Source: https://www.dawn.com/news/1991419/in-meeting-with-wb-vice-president-aurangzeb-calls-for-enhanced-technical-support-for-debt-management, 13 Apr 2026]
#14111
Consider the following statements about the diplomatic visit of the Prime Minister in April 2026: 1. The visit to Saudi Arabia and Qatar was conducted in a bilateral context. 2. The Prime Minister is expected to hold a meeting with President Recep Tayyip Erdogan in Turkiye. 3. The delegation included the Information Minister and the Special Assistant to the Prime Minister.
(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 official reports regarding the Prime Minister's diplomatic tour. The visits to Saudi Arabia and Qatar were bilateral, the meeting with President Erdogan was planned for the Antalya Diplomacy Forum, and the delegation included both the Information Minister and the SAPM. [Source: https://www.dawn.com/news/1991908/pm-shehbaz-meets-saudi-crown-prince-in-jeddah-dar-says-avenues-to-further-enhance-cooperation-discussed, 15 Apr 2026]
#14112
Which organization issued a statement on April 12, 2026, declaring that military vessels approaching the Strait of Hormuz would be considered a breach of the ceasefire?
(a) Islamic Revolutionary Guards Corps
(b) United States Central Command
(c) International Maritime Organization
(d) None of these
Explanation: The IRGC issued the warning following the US announcement of a blockade. The other options are either international bodies or US military commands not responsible for this specific Iranian policy statement. [Source: https://www.dawn.com/news/1991096/after-trumps-blockade-announcement-irgc-says-will-view-military-vessels-approaching-hormuz-as-ceasefire-breach, 12 Apr 2026]
#14113
Which of the following institutions is a multilateral development partner mentioned for engagement during the 2026 visit?
(a) Federal Reserve Bank
(b) European Central Bank
(c) Bank of England
(d) Asian Infrastructure Investment Bank (AIIB)
Explanation: The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank that works alongside the World Bank and IMF. The other options are central banks or national institutions not categorized as multilateral development partners in this context. [Source: https://www.dawn.com/news/1990747/aurangzeb-departs-for-us-to-participate-in-imf-wb-meetings, 11 Apr 2026]
#14114
Consider the following statements about the meeting between Pakistan and Saudi Arabia on April 10, 2026: 1. The Prime Minister recalled a recent telephone conversation with the Crown Prince. 2. The meeting focused exclusively on military procurement and defense hardware. 3. The Saudi Finance Minister reaffirmed the resolve to strengthen fraternal bonds.
(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 official readout. Statement 2 is incorrect because the meeting focused on trade, investment, and economic development, not exclusively on military procurement. [Source: https://www.dawn.com/news/1990567/in-meeting-with-saudi-finance-minister-pm-emphasises-strong-commitment-to-expanding-cooperation-in-all-spheres, 10 Apr 2026]
#14115
Consider the following statements about the 2026 visit of the Finance Minister to the US: 1. The visit includes participation in the G-24 Finance Ministers and Central Bank Governors’ Meetings. 2. The Finance Minister is scheduled to address the Atlantic Council. 3. The primary objective of the visit is to secure immediate debt forgiveness from the World Bank. 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 regarding the itinerary. Statement 3 is incorrect because the stated objective is to discuss the reform agenda and strengthen economic cooperation, not to secure debt forgiveness. [Source: https://www.dawn.com/news/1990747/aurangzeb-departs-for-us-to-participate-in-imf-wb-meetings, 11 Apr 2026]
#14116
Consider the following statements about the economic impact of the Middle East conflict as of April 2026: 1. A baseline scenario with an early end to the war suggests a global growth reduction of 0.3 to 0.4 percentage points. 2. A prolonged conflict could reduce global growth by as much as 1 percentage point. 3. The World Bank President noted that the ceasefire is currently stable and not considered tenuous. 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 accurately reflect the World Bank's growth projections. Statement 3 is incorrect because the report describes the ceasefire as 'tenuous' rather than stable. [Source: https://www.dawn.com/news/1990654/global-growth-to-suffer-due-to-middle-east-war-world-bank-chief, 11 Apr 2026]
#14117
Which of the following global credit rating agencies is the Finance Minister expected to interact with during the 2026 visit?
(a) Fitch Ratings
(b) Morningstar
(c) Kroll Bond Rating Agency
(d) None of these
Explanation: Fitch Ratings, along with Moody's and S&P Global, are the major credit rating agencies mentioned for engagement. Morningstar and Kroll are not listed as part of the scheduled high-level interactions. [Source: https://www.dawn.com/news/1990747/aurangzeb-departs-for-us-to-participate-in-imf-wb-meetings, 11 Apr 2026]
#14118
Consider the following statements about the energy conservation measures announced in April 2026: 1. The federal government decided that markets in provinces other than Sindh should close by 8:00 PM. 2. The Sindh government notification applies to both weekdays and weekends. 3. The austerity measures were triggered by the global fuel crisis resulting from the US-Israel war on Iran. 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 government's policy announcements. The federal directive specifically excluded Sindh initially, the Sindh notification covers the entire week, and the geopolitical cause of the fuel crisis is correctly identified. [Source: https://www.dawn.com/news/1990483/sindh-implements-austerity-measures-notifies-early-market-closure-among-other-steps, 10 Apr 2026]
#14119
Which of the following statements regarding the meeting on April 10, 2026, is INCORRECT?
(a) The meeting took place at the Prime Minister House.
(b) The Chief of Army Staff attended the meeting.
(c) The Prime Minister expressed appreciation for Saudi Arabia's economic support.
(d) The Saudi Finance Minister was on a three-day official visit to Pakistan.
Explanation: The Saudi Finance Minister was on a one-day visit, not a three-day visit. The other statements accurately reflect the details of the event. [Source: https://www.dawn.com/news/1990567/in-meeting-with-saudi-finance-minister-pm-emphasises-strong-commitment-to-expanding-cooperation-in-all-spheres, 10 Apr 2026]
#14120
Which official shared the notification for the new fuel prices on X on April 10, 2026?
(a) Shehbaz Sharif
(b) Asim Munir
(c) Ishaq Dar
(d) None of these
Explanation: Deputy Prime Minister and Foreign Minister Ishaq Dar shared the official notification regarding the new fuel prices on the platform X. While the Prime Minister announced the policy, the notification was shared by the Foreign Minister. [Source: https://www.dawn.com/news/1990554/govt-reduces-petrol-price-by-rs12-per-litre-hsd-by-rs135, 10 Apr 2026]