May 2026 Edition
Start May Quiz
May 2026 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#14481
Which of the following companies did NOT submit a successful bid for the spot LNG cargoes in the April 2026 tender?
(a) TotalEnergies
(b) Vitol Bahrain
(c) OQ Trading
(d) Trafigura
Explanation: TotalEnergies, Vitol Bahrain, and OQ Trading were the three companies that secured the lowest bids. Trafigura was not among the successful bidders mentioned in the tender results. [Source: https://www.dawn.com/news/1994734/pakistan-secures-3-bids-for-spot-lng-cargoes, 24 Apr 2026]
#14482
Consider the following statements about the LNG supply situation in 2026: 1. The Power Division requested 400 million mmcfd of LNG to mitigate summer loadshedding. 2. PLL successfully imported eight cargoes in March 2026 to stabilize the market. 3. The basket RLNG price in March 2026 was based on only two cargoes. 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 Power Division requested 400 million mmcfd. Statement 3 is correct as the basket price was based on only two cargoes in March. Statement 2 is incorrect because imports were significantly lower than eight cargoes due to force majeure. [Source: https://www.dawn.com/news/1998447/pakistan-turns-down-two-lowest-evaluated-lng-bids, 07 May 2026]
#14483
Consider the following statements about the pre-budget consultations held in June 2026: 1. The federal government aims to present the budget for FY2026-27 on June 10. 2. The PPP delegation expressed reservations regarding the proposed tax measures. 3. The President directed that growth rates should be harmonized with public welfare schemes. 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 official reports of the meeting. The government scheduled the budget presentation for June 10, the PPP raised tax concerns, and the President emphasized the need for welfare-oriented growth. [Source: https://www.dawn.com/news/2006163/in-meeting-with-pm-president-stresses-provincial-rights-economic-stability-in-upcoming-budget, 08 Jun 2026]
#14484
Which of the following statements regarding the fuel price adjustments in 2026 is INCORRECT?
(a) The government has been revising petroleum prices on a weekly basis on Friday nights.
(b) The price of petrol and high-speed diesel was increased by Rs26.77 on April 24, 2026.
(c) The government has maintained a consistent fuel price throughout the year without any reductions.
(d) High-speed diesel is used for heavy transport and large generators.
Explanation: The statement that prices remained consistent is false, as the government frequently adjusted prices, including significant reductions in early April 2026. The other options accurately reflect the operational and fiscal realities described. [Source: https://www.dawn.com/news/1994758/govt-hikes-petrol-high-speed-diesel-prices-by-rs26, 24 Apr 2026]
#14485
Which minister briefed the President on his recent diplomatic visit to Iran during the June 2026 meeting?
(a) Foreign Minister
(b) Interior Minister
(c) Finance Minister
(d) Defense Minister
Explanation: Interior Minister Mohsin Naqvi provided the briefing regarding his recent visit to Iran and regional diplomatic engagements. While the Foreign Minister was present at the meeting, the specific briefing on the Iran visit was attributed to the Interior Minister. [Source: https://www.dawn.com/news/2006163/in-meeting-with-pm-president-stresses-provincial-rights-economic-stability-in-upcoming-budget, 08 Jun 2026]
#14486
Who currently serves as the Finance Minister of Pakistan as of June 2026?
(a) Ishaq Dar
(b) Muhammad Aurangzeb
(c) Azam Nazeer Tarar
(d) None of these
Explanation: Muhammad Aurangzeb is the incumbent Finance Minister of Pakistan. Ishaq Dar serves as the Deputy Prime Minister and Foreign Minister, while Azam Nazeer Tarar is the Law Minister. [Source: https://www.dawn.com/news/2006163/in-meeting-with-pm-president-stresses-provincial-rights-economic-stability-in-upcoming-budget, 08 Jun 2026]
#14487
Which of the following individuals was NOT reported as being present at the meeting between the President and the Prime Minister on June 8, 2026?
(a) Bilawal Bhutto Zardari
(b) Syed Murad Ali Shah
(c) Raja Pervaiz Ashraf
(d) None of these
Explanation: All three individuals listed (Bilawal Bhutto Zardari, Syed Murad Ali Shah, and Raja Pervaiz Ashraf) were explicitly mentioned as attendees at the meeting. Therefore, none of the options provided are correct as a 'not present' individual. [Source: https://www.dawn.com/news/2006163/in-meeting-with-pm-president-stresses-provincial-rights-economic-stability-in-upcoming-budget, 08 Jun 2026]
#14488
Which Turkish official received Prime Minister Shehbaz Sharif upon his arrival at Istanbul's Ataturk Airport on July 3, 2026?
(a) Minister of Trade Professor Dr Omer Bolat
(b) Minister of Foreign Affairs Hakan Fidan
(c) Minister of Energy and Natural Resources Alparslan Bayraktar
(d) None of these
Explanation: Prime Minister Shehbaz Sharif was officially received by the Turkish Minister of Trade, Professor Dr Omer Bolat, alongside Pakistan's Ambassador to Turkiye, Dr Yusuf Junaid. Other options represent high-ranking Turkish officials who were not the primary designated greeters at the airport. [Source: https://www.dawn.com/news/2012743/pm-shehbaz-arrives-in-turkiye-on-official-visit, 03 Jul 2026]
#14489
Consider the following statements about the fuel price management in Pakistan during 2026: 1. The government implemented a targeted fuel subsidy programme to assist the public. 2. The Prime Minister slashed the petroleum levy by Rs80 per litre on April 3, 2026. 3. Global fuel market volatility was triggered by the conflict involving Iran. 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 events of 2026. The government introduced a targeted subsidy, the Prime Minister reduced the levy by Rs80 per litre on April 3, and the regional conflict involving Iran is the identified driver of global fuel market instability. [Source: https://www.dawn.com/news/1994758/govt-hikes-petrol-high-speed-diesel-prices-by-rs26, 24 Apr 2026]
#14490
Consider the following statements about the fuel pricing policy in Pakistan: 1. The government transitioned to a daily fuel pricing mechanism due to international market volatility. 2. The Petroleum Division announced that fuel prices would be fixed weekly starting from July 2026. 3. Regional hostilities in the Persian Gulf have been cited as a primary factor for the recent price fluctuations. 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 as the government moved to a daily pricing mechanism due to regional hostilities. Statement 2 is incorrect because the government moved to a daily, not weekly, pricing mechanism. [Source: https://www.dawn.com/news/2017065/govt-decreases-petrol-price-by-rs035-increases-diesel-by-rs571-per-litre, 20 Jul 2026]
#14491
Which of the following statements regarding the economic and governance landscape of Pakistan on August 11, 2026, are correct?
(a) Only 1 and 2 are correct.
(b) Only 2 and 3 are correct.
(c) Only 1 and 3 are correct.
(d) All statements are correct.
Explanation: The State Bank of Pakistan warned of potential inflationary price spirals, and the Supreme Court declared retrospective tax penalties unlawful. The World Bank expressed concern specifically over the diversion of funds from the Balochistan housing program, not the federal policy. [Source: https://www.dawn.com/news/2022040/sbp-warns-of-price-spirals]
#14492
Consider the following statements about the fuel price adjustment on July 3, 2026: 1. The price reduction was implemented to pass on the impact of lower global prices. 2. The government increased the petroleum levy, which prevented a larger decrease in fuel prices. 3. The ex-depot price of high-speed diesel was set at Rs309.50 per litre. 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. The price cut was a response to global trends, the levy increase mitigated a larger price drop, and the new HSD price was officially set at Rs309.50. [Source: https://www.dawn.com/news/2012738/govt-slashes-petrol-diesel-prices-by-rs197, 03 Jul 2026]
#14493
Consider the following statements about the diplomatic engagement between Pakistan and Turkiye in July 2026: 1. The visit was preceded by the signing of three MoUs in the power sector. 2. The Prime Minister's visit to Turkiye was his first international trip of the year. 3. The discussions between the leaders focused on enhancing cooperation in trade and investment. 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 three MoUs were signed in the power sector prior to the visit. Statement 3 is correct as trade and investment were primary focus areas. Statement 2 is incorrect as there is no evidence provided to suggest this was the Prime Minister's first international trip of the year. [Source: https://www.dawn.com/news/2012743/pm-shehbaz-arrives-in-turkiye-on-official-visit, 03 Jul 2026]
#14494
The government cited which of the following as the primary cause for the global fuel crisis affecting Pakistan in 2026?
(a) Global supply chain disruptions
(b) US-Israeli war on Iran
(c) OPEC production cuts
(d) Regional trade embargoes
Explanation: The government attributed the skyrocketing oil prices and the resulting fuel crisis to the US-Israeli war on Iran, which commenced on February 28, 2026. Other options are not cited as the primary driver of this specific crisis. [Source: https://www.dawn.com/news/1988282/petrol-price-reduces-to-rs378-per-litre-as-govt-cuts-levy-by-rs80, 03 Apr 2026]
#14495
Which of the following statements regarding the fuel tax structure in July 2026 is INCORRECT?
(a) The petroleum levy on diesel stands at approximately Rs80 per litre.
(b) The petroleum levy on petrol stands at approximately Rs70 per litre.
(c) The government reduced the climate support levy to zero to offset price hikes.
(d) The customs duty on petrol is Rs16 per litre.
Explanation: The government actually doubled the climate support levy to Rs5 per litre, not reduced it to zero. Options A, B, and C accurately reflect the tax components mentioned in the fiscal data. [Source: https://www.dawn.com/news/2012738/govt-slashes-petrol-diesel-prices-by-rs197, 03 Jul 2026]
#14496
Which Pakistani minister accompanied Prime Minister Shehbaz Sharif during his official visit to Turkiye in July 2026?
(a) Minister of Finance Muhammad Aurangzeb
(b) Minister for Information and Broadcasting Attaullah Tarar
(c) Minister of Defence Khawaja Muhammad Asif
(d) Minister of Planning Ahsan Iqbal
Explanation: Minister for Information and Broadcasting Attaullah Tarar, along with Deputy Prime Minister and Foreign Minister Senator Ishaq Dar, accompanied the Prime Minister on his visit. The other ministers listed were not mentioned as part of the official delegation for this specific trip. [Source: https://www.dawn.com/news/2012743/pm-shehbaz-arrives-in-turkiye-on-official-visit, 03 Jul 2026]
#14497
As part of the austerity measures announced on April 3, 2026, for how long will federal cabinet members not receive their salaries?
(a) Two months
(b) Four months
(c) Six months
(d) None of these
Explanation: The government extended the salary suspension for cabinet members from the previously planned two months to six months to address the ongoing fuel crunch. Option D is incorrect because the correct duration is explicitly stated as six months. [Source: https://www.dawn.com/news/1988282/petrol-price-reduces-to-rs378-per-litre-as-govt-cuts-levy-by-rs80, 03 Apr 2026]
#14498
Which of the following statements regarding the government's fuel price adjustments on April 3, 2026, is INCORRECT?
(a) The petrol levy was reduced by Rs80 per litre.
(b) The new petrol price is set to remain unchanged for at least one month.
(c) The new petrol price is effective across the entire country.
(d) The government increased the levy on diesel to Rs55 per litre.
Explanation: The government actually reduced the levy on diesel to zero, not increased it to Rs55. The other statements accurately reflect the policy measures announced by the Prime Minister. [Source: https://www.dawn.com/news/1988282/petrol-price-reduces-to-rs378-per-litre-as-govt-cuts-levy-by-rs80, 03 Apr 2026]
#14499
Which of the following is NOT a requirement for vehicle owners under the new Sindh Motor Vehicles (Amendment) Act 2026?
(a) Compulsory installation of GPS tracking devices
(b) Mandatory insurance for vehicle transfer
(c) Insurance verification for annual token tax payment
(d) Valid insurance policy for vehicle registration
Explanation: The amendment mandates third-party insurance for registration, transfer, and token tax payments. GPS tracking is not a requirement stipulated under this specific legislative amendment. [Source: https://www.dawn.com/news/1979648/sindh-govt-makes-third-party-vehicle-insurance-mandatory, 08 Mar 2026]
#14500
How much did the government spend from national resources over the three weeks prior to April 3, 2026, to cushion the impact of rising oil prices?
(a) Rs80 billion
(b) Rs105 billion
(c) Rs129 billion
(d) Rs160 billion
Explanation: The Prime Minister stated that the government utilized Rs129 billion from national resources to subsidize the impact of international oil price hikes during the three weeks preceding the announcement. The other figures represent different levy rates or adjustments mentioned in the context of the policy. [Source: https://www.dawn.com/news/1988282/petrol-price-reduces-to-rs378-per-litre-as-govt-cuts-levy-by-rs80, 03 Apr 2026]