June 2026 Edition
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June 2026 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#13881
Consider the following statements about Pak-Libya relations as of 2026: 1. Pakistan maintains a strong presence in Libya through defense cooperation. 2. The Ambassador-designate advocates for chamber-to-chamber engagement to boost trade. 3. The Pakistani government has officially announced a total ban on labor migration to Libya. 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 based on the Ambassador's remarks regarding defense ties and trade facilitation. Statement 3 is incorrect as the report focuses on reversing the decline in the workforce, not imposing a ban. [Source: https://www.brecorder.com/news/40431795/pak-workforce-in-libya-declines-by-78pc-envoy, 25 Jul 2026]
#13882
Who is the current Governor of Khyber Pakhtunkhwa as of July 2026?
(a) Ali Amin Gandapur
(b) Faisal Karim Kundi
(c) Mushtaq Ghani
(d) None of these
Explanation: Faisal Karim Kundi is the incumbent Governor of Khyber Pakhtunkhwa. Ali Amin Gandapur is the Chief Minister of the province, making him a common distractor in provincial governance questions. [Source: https://www.brecorder.com/news/40431814/governor-kp-vows-to-help-resolve-issues-facing-traders, 25 Jul 2026]
#13883
Which organization's delegation met with the Governor of Khyber Pakhtunkhwa to discuss trade-related issues in July 2026?
(a) Khyber Pakhtunkhwa Chamber of Commerce
(b) Peoples Business Forum
(c) Sarhad Chamber of Commerce and Industry
(d) All Pakistan Traders Association
Explanation: The delegation was led by Maulana Abdul Wali Gul Turabi representing the Peoples Business Forum. The other options represent established trade bodies often involved in provincial policy discussions. [Source: https://www.brecorder.com/news/40431814/governor-kp-vows-to-help-resolve-issues-facing-traders, 25 Jul 2026]
#13884
According to the Exchange Companies Association of Pakistan, what was the primary driver for the decline in dollar sales to banks during the first 10 months of 2026?
(a) Increased investment in domestic manufacturing
(b) Diversion of funds into cryptocurrency trading
(c) Sharp rise in official export-led remittances
(d) Government-imposed limits on foreign currency accounts
Explanation: The chairman of the Exchange Companies Association of Pakistan noted that billions of dollars were diverted from the banking system into illegal cryptocurrency investments. This outflow contributed to the reduction in dollar sales to banks. [Source: https://www.dawn.com/news/2018391/war-dries-up-unofficial-dollar-inflows, 26 Jul 2026]
#13885
Consider the following statements regarding the Governor's remarks on July 25, 2026: 1. The Governor suggested that importing wheat from abroad could be considered if necessary. 2. The Governor emphasized the need for effective utilization of the province's mineral resources. 3. The Governor announced the immediate abolition of all provincial taxes on traders. 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 accurate reflections of the Governor's policy stance. Statement 3 is incorrect as the Governor pledged to take up tax relief issues with relevant authorities, not to unilaterally abolish taxes. [Source: https://www.brecorder.com/news/40431814/governor-kp-vows-to-help-resolve-issues-facing-traders, 25 Jul 2026]
#13886
Consider the following statements about the geopolitical situation in July 2026: 1. The United States military presented a plan for a 14th night of strikes to President Trump. 2. Greek personnel operating a surface-to-air battery in Saudi Arabia intercepted ballistic missiles. 3. The conflict has had no impact on the global economy or the approval ratings of the US administration. 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 accurate based on the reports of the 14th night of strikes and the Greek air force's role in Saudi Arabia. Statement 3 is incorrect because the conflict has caused shocks to the global economy and is weighing on the US administration's approval ratings. [Source: https://www.dawn.com/news/2018487/us-holds-fire-against-iran-as-reports-of-concerns-over-of-dwindling-munitions-emerge, 26 Jul 2026]
#13887
The Virtual Assets Act 2026 was passed to regulate which of the following sectors in Pakistan?
(a) Cryptocurrency and digital asset providers
(b) Traditional textile export manufacturing
(c) Informal hundi and hawala networks
(d) Cross-border physical commodity trade
Explanation: The Virtual Assets Act 2026 provides a regulatory framework for licensed virtual asset providers, allowing banks to facilitate services for the sector. This is distinct from the informal hundi/hawala systems which remain illegal. [Source: https://www.dawn.com/news/2018391/war-dries-up-unofficial-dollar-inflows, 26 Jul 2026]
#13888
Which of the following statements regarding the Virtual Assets Act 2026 is INCORRECT?
(a) It allows regulated banks to open accounts for entities registered under the Pakistan Virtual Assets Regulatory Authority.
(b) It establishes a framework for licensed virtual asset providers to operate within the formal financial system.
(c) It was passed in the same year that Pakistan lifted its eight-year ban on crypto-related banking activity.
(d) It permits banks to use customer deposits to trade or invest in digital assets for profit.
Explanation: The Act explicitly prohibits banks from using their own capital or customer deposits to trade, hold, or invest in digital assets. Therefore, is the incorrect statement. [Source: https://www.dawn.com/news/2018391/war-dries-up-unofficial-dollar-inflows, 26 Jul 2026]
#13889
What is the target valuation for The Boring Company in the funding negotiations reported on 2026-07-26?
(a) $5.7 billion
(b) $10 billion
(c) $25 billion
(d) $20 billion
Explanation: The Boring Company is in talks to raise funding that would bring its valuation to approximately $20 billion. The $5.7 billion figure represents the company's previous valuation from 2022. [Source: https://www.dawn.com/news/2018386/elon-musks-firm-eyes-20-billion-valuation, 26 Jul 2026]
#13890
Consider the following statements about the economic forecasts provided by the AfDB: 1. The AfDB predicted Africa would see 4.2% economic growth in 2026. 2. The growth projection for 2027 is 4.4%. 3. These growth projections were finalized after accounting for the 'super' El Niño impact. 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 AfDB predicted 4.2% growth for 2026 and 4.4% for 2027. However, these forecasts were made in May, before the 'super' El Niño projections were integrated, making statement 3 incorrect. [Source: https://www.brecorder.com/news/40431871/africa-facing-10-20-billion-economic-hit-from-super-el-nino-afdb-climate-chief-warns, 26 Jul 2026]
#13891
Who announced the arrest of the individual accused of running an Indian-funded digital misinformation campaign on July 26, 2026?
(a) Attaullah Tarar
(b) Rana Sanaullah
(c) Khawaja Asif
(d) None of these
Explanation: Information Minister Attaullah Tarar held a televised address on July 26, 2026, to disclose the arrest and provide evidence of the digital marketing professional's links to Indian funding. The other individuals listed are prominent political figures but were not the officials who made this specific announcement. [Source: https://www.dawn.com/news/2018518/tarar-claims-man-arrested-for-spreading-anti-state-material-online-in-exchange-for-indian-funding, 26 Jul 2026]
#13892
All of the following statements regarding the market conditions on July 27, 2026, are true EXCEPT:
(a) The Federal Reserve is expected to definitely raise interest rates by 50 basis points.
(b) Bond markets received a boost from easing inflation fears.
(c) Brent crude prices experienced a decline.
(d) Yemen’s Houthis attacked Saudi oil installations.
Explanation: The market only implies a one-in-three chance of a rate hike, and analysts remain uncertain about the outcome, making the claim of a definite 50 basis point hike false. The other options accurately reflect the geopolitical and economic situation described. [Source: https://www.brecorder.com/news/40431958/shares-bonds-make-guarded-gains-as-oil-slips, 27 Jul 2026]
#13893
In which month of 2026 did the Reserve Bank of India announce the dollar-inflow schemes that raised $32 billion?
(a) April 2026
(b) June 2026
(c) May 2026
(d) July 2026
Explanation: The dollar-inflow schemes were officially announced by the central bank in June 2026, leading to the reported accumulation of funds by late July 2026. [Source: https://www.brecorder.com/news/40431961/indian-banks-have-raised-32-bln-under-dollar-inflow-schemes-rbi-chief-tells-hindu-businessline, 27 Jul 2026]
#13894
According to the RBI chief, how much capital has been attracted by the dollar-mobilization schemes announced in June 2026?
(a) Nearly $15 billion
(b) Nearly $25 billion
(c) Nearly $32 billion
(d) Nearly $40 billion
Explanation: RBI chief Sanjay Malhotra confirmed that the dollar-mobilization schemes have successfully attracted nearly $32 billion in inflows as of July 2026. This liquidity helps the central bank manage currency volatility. [Source: https://www.brecorder.com/news/40431960/indian-rupee-set-to-rally-after-crude-drops-on-mideast-respite-rbi-led-inflows-build, 27 Jul 2026]
#13895
As of July 27, 2026, what is the primary factor contributing to the expected strengthening of the Indian rupee alongside RBI-led inflows?
(a) A significant decline in global crude oil prices
(b) An increase in domestic interest rates by the central bank
(c) A surge in foreign direct investment in the manufacturing sector
(d) None of these
Explanation: The decline in Brent crude prices, which fell to $93.02, reduces India's import bill, thereby supporting the rupee. RBI-led inflows are the secondary factor mentioned, making option A the correct primary driver. [Source: https://www.brecorder.com/news/40431960/indian-rupee-set-to-rally-after-crude-drops-on-mideast-respite-rbi-led-inflows-build, 27 Jul 2026]
#13896
Which of the following statements regarding the wheat situation in Sindh as of July 2026 is INCORRECT?
(a) The Sindh Food Minister chaired a meeting with the Flour Mills Association to review supply chain issues.
(b) The Food Department holds a significant portion of its stock from anti-hoarding operations.
(c) Provincial authorities are conducting intelligence-based operations against wheat hoarders.
(d) The provincial government has imposed strict restrictions on the inter-district movement of wheat.
Explanation: The provincial government explicitly stated that there is no restriction on the inter-district movement of wheat within Sindh to ensure smooth supply. Therefore, the statement claiming that restrictions exist is false. [Source: https://www.dawn.com/news/2018192/private-sector-rejects-govt-wheat-import-plan, 25 Jul 2026]
#13897
Consider the following statements about the Indian economic context on July 27, 2026: 1. The recent decline in oil prices is linked to a temporary de-escalation in US-Iran tensions. 2. The RBI's dollar-mobilization schemes have attracted more capital than initial market expectations. 3. India's heavy reliance on crude imports makes its currency highly sensitive to global oil price volatility. 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 correct: the oil price drop is tied to the US-Iran pause, the $32 billion inflow exceeded expectations, and India's import dependency is a well-documented structural vulnerability for the rupee. [Source: https://www.brecorder.com/news/40431960/indian-rupee-set-to-rally-after-crude-drops-on-mideast-respite-rbi-led-inflows-build, 27 Jul 2026]
#13898
According to the RBI Governor, what is the primary source of the $32 billion raised through dollar-inflow schemes as of July 2026?
(a) Foreign portfolio investments in equity
(b) Foreign currency non-resident deposit scheme
(c) Direct foreign institutional investment
(d) None of these
Explanation: The RBI Governor identified the Foreign Currency Non-Resident (FCNR) deposit scheme as the primary contributor to the $32 billion inflow. Foreign portfolio investments in debt securities accounted for a smaller portion of approximately $7 billion. [Source: https://www.brecorder.com/news/40431961/indian-banks-have-raised-32-bln-under-dollar-inflow-schemes-rbi-chief-tells-hindu-businessline, 27 Jul 2026]
#13899
Which of the following central banks is scheduled to hold a policy meeting on Thursday, July 30, 2026?
(a) Bank of England
(b) Bank of Japan
(c) Federal Reserve
(d) None of these
Explanation: The Bank of England is scheduled to hold its meeting on Thursday, while the Federal Reserve meets on Wednesday and the Bank of Japan on Friday. None of the other options match the Thursday schedule. [Source: https://www.brecorder.com/news/40431958/shares-bonds-make-guarded-gains-as-oil-slips, 27 Jul 2026]
#13900
Consider the following statements about the economic situation reported by the RBI in July 2026: 1. The $32 billion inflow is expected to improve India's balance of payments. 2. Increased government cash balances have contributed to the dollar inflows not fully reflecting on rupee liquidity. 3. The RBI has observed clear evidence that FCNR flows are primarily due to the rebooking of deposits. 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 as per the RBI Governor's assessment. Statement 3 is incorrect because the Governor explicitly stated that there is no evidence that the bulk of FCNR flows are due to the rebooking of deposits. [Source: https://www.brecorder.com/news/40431961/indian-banks-have-raised-32-bln-under-dollar-inflow-schemes-rbi-chief-tells-hindu-businessline, 27 Jul 2026]