May 2026 Edition
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May 2026 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#14521
Consider the following statements about the financial situation reported on April 4, 2026: 1. The total amount of debt to be returned to the UAE is $3.5 billion. 2. The repayment of these deposits is expected to reduce Pakistan's central bank reserves by approximately 18 percent. 3. The UAE deposits were rolled over multiple times since 2019. 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: the amount is $3.5 billion, the impact on reserves is estimated at an 18 percent reduction, and the deposits have been subject to multiple rollovers since 2019. [Source: https://www.dawn.com/news/1988580/fo-rejects-misleading-unfounded-commentary-regarding-financial-deposits-from-uae, 04 Apr 2026]
#14522
Following its debut on July 27, 2026, CXMT Corp became the largest China-listed company by market capitalization, surpassing which of the following institutions?
(a) Industrial and Commercial Bank of China
(b) Bank of China
(c) China Construction Bank
(d) None of these
Explanation: CXMT Corp's market valuation exceeded 3 trillion yuan, allowing it to surpass the Industrial and Commercial Bank of China in market capitalization. The other options are major Chinese banks but were not the specific entity cited as being dwarfed by the new listing. [Source: https://www.brecorder.com/news/40431979/china-stocks-rise-as-cxmts-debut-surge-revives-interest-in-battered-shares, 27 Jul 2026]
#14523
What is the total amount of debt Pakistan has decided to return to the United Arab Emirates by the end of April 2026?
(a) $2.0 billion
(b) $12.5 billion
(c) $5.0 billion
(d) $3.5 billion
Explanation: The government announced the return of $3.5 billion in deposits to the UAE. This amount was part of the financial support provided in 2019 to stabilize the balance of payments. [Source: https://www.dawn.com/news/1988321/pakistan-to-return-35bn-uae-debt-before-month-end-official, 03 Apr 2026]
#14524
Which global geopolitical event was primarily responsible for the energy crunch and subsequent fuel price hikes in Pakistan during early 2026?
(a) The Suez Canal blockage
(b) The Panama Canal drought
(c) The Strait of Hormuz blockade
(d) The Black Sea grain initiative collapse
Explanation: The energy crunch was driven by the US-Iran war and the resulting blockade of the Strait of Hormuz, which disrupted global oil shipping. The other options refer to different global logistical or geopolitical issues not cited as the cause of the 2026 fuel crisis. [Source: https://www.dawn.com/news/2009236/pm-shehbaz-announces-reduction-in-prices-of-petrol-by-rs74-diesel-by-rs67, 19 Jun 2026]
#14525
Consider the following statements about the 2026 fuel price developments: 1. The global fuel crisis is partially attributed to the closure of the Strait of Hormuz. 2. The government has decided to cut public sector development programs to protect the primary balance target. 3. The All Pakistan Petrol Pump Owners Association supported the strike calls for May 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 the Strait of Hormuz closure is a factor in the global fuel crisis. Statement 2 is correct as the government indicated that further cuts to development programs might be required to meet the primary balance. Statement 3 is incorrect because the association explicitly refuted the strike rumors. [Source: https://www.dawn.com/news/1996451/govt-hikes-petrol-price-by-rs6-diesel-by-rs19, 30 Apr 2026]
#14526
Which sector in the Australian market recorded a gain of 5.1% on July 27, 2026?
(a) Mining sector
(b) Financial sector
(c) Gold miners
(d) Technology sector
Explanation: Gold miners rose by 5.1% on July 27, 2026, supported by firmer bullion prices. This was their best session in more than three weeks. [Source: https://www.brecorder.com/news/40431982/australian-shares-rise-nearly-1-as-middle-east-de-escalation-boosts-sentiment, 27 Jul 2026]
#14527
What was the peak price of high-speed diesel (HSD) per litre reached in Pakistan on April 3, 2026?
(a) Rs378.78
(b) Rs458.41
(c) Rs520.35
(d) None of these
Explanation: High-speed diesel reached its peak price of Rs520.35 per litre on April 3, 2026, during the height of the energy crisis. Rs458.41 was the peak price for petrol on the same date. [Source: https://www.dawn.com/news/2009236/pm-shehbaz-announces-reduction-in-prices-of-petrol-by-rs74-diesel-by-rs67, 19 Jun 2026]
#14528
In the context of the Senate debate on June 17, 2026, which sector did Senator Abdul Qadir identify as a 'mafia' that allegedly caused the reversal of the government's solar policy?
(a) National Highway Authority
(b) Federal Board of Revenue
(c) Independent Power Producers
(d) State Bank of Pakistan
Explanation: Senator Abdul Qadir alleged that Independent Power Producers (IPPs) acted as a mafia that pressured the government to reverse its solar policy. He further criticized the burden of capacity charges associated with these power agreements. [Source: https://www.dawn.com/news/2008601/ppp-lawmaker-calls-for-separate-south-punjab-province-in-senate, 17 Jun 2026]
#14529
Which of the following statements regarding the government's subsidy initiatives announced on April 2, 2026, is INCORRECT?
(a) Large transport vehicles are eligible for a monthly subsidy of Rs80,000.
(b) Inter-city public service vehicles are eligible for a monthly subsidy of Rs100,000.
(c) The subsidy for two-wheelers is valid for a period of six months.
(d) Direct support of Rs70,000 is provided for trucks carrying essential food items.
Explanation: The subsidy for two-wheelers is provided for a duration of three months, not six months. The other statements accurately reflect the financial support measures announced by the Finance Minister. [Source: https://www.dawn.com/news/1987901/govt-hikes-petrol-price-to-rs458-per-litre-hsd-price-to-rs520-per-litre, 02 Apr 2026]
#14530
Consider the following statements about the US-Iran MoU signed in June 2026: 1. The US has already begun lifting its naval blockade as part of the agreement. 2. Vice President JD Vance expressed full confidence that the deal would be universally welcomed by the Israeli government. 3. The agreement includes a 60-day timeline for finalizing technical details. 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 Vance confirmed the US has allowed ships to pass through the blockade. Statement 3 is correct regarding the 60-day timeline. Statement 2 is incorrect because Vance explicitly rebuked Israeli critics of the deal, indicating it was not universally welcomed. [Source: https://www.dawn.com/news/2008928/wake-up-us-vp-vance-rebukes-israeli-critics-of-iran-deal, 18 Jun 2026]
#14531
Which political party's senator demanded the creation of a separate South Punjab province during the Senate budget debate on June 17, 2026?
(a) Pakistan Peoples Party
(b) Pakistan Tehreek-e-Insaf
(c) Muttahida Qaumi Movement-Pakistan
(d) Pakistan Muslim League-Nawaz
Explanation: Senator Rana Mahmoodul Hassan, representing the Pakistan Peoples Party (PPP), formally demanded the creation of a separate South Punjab province during the Senate proceedings on June 17, 2026. He emphasized the need for administrative bifurcation to address regional grievances. [Source: https://www.dawn.com/news/2008601/ppp-lawmaker-calls-for-separate-south-punjab-province-in-senate, 17 Jun 2026]
#14532
Consider the following statements about the fuel price adjustments announced on May 29, 2026: 1. The government reduced the price of petrol and high-speed diesel by Rs22 per litre each. 2. The new prices for petrol and high-speed diesel were scheduled to take effect on May 30, 2026. 3. The government has been providing fuel subsidies specifically for public transport and motorcycle commuters. 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 announcement. The price cut was Rs22, the effective date was May 30, and the government confirmed existing subsidy programs for public transport and two-wheelers. [Source: https://www.dawn.com/news/2003697/govt-cuts-petrol-diesel-prices-by-rs22, 29 May 2026]
#14533
Who is the current Petroleum Minister of Pakistan who announced the fuel price hike on April 2, 2026?
(a) Muhammad Aurangzeb
(b) Asif Ali Zardari
(c) Shehbaz Sharif
(d) Ali Pervaiz Malik
Explanation: Ali Pervaiz Malik serves as the Petroleum Minister and led the press conference regarding the fuel price adjustments. Muhammad Aurangzeb is the Finance Minister, while Shehbaz Sharif is the Prime Minister. [Source: https://www.dawn.com/news/1987901/govt-hikes-petrol-price-to-rs458-per-litre-hsd-price-to-rs520-per-litre, 02 Apr 2026]
#14534
Which Iranian official serves as the secretary of the Supreme National Security Council and attended the Quds Day rally in Tehran on March 13, 2026?
(a) Masoud Pezeshkian
(b) Abbas Araghchi
(c) Ali Larijani
(d) Esmaeil Baqaei
Explanation: Ali Larijani is the secretary of the Supreme National Security Council who addressed the rally. Masoud Pezeshkian is the President, and Abbas Araghchi is the Foreign Minister, making them incorrect choices. [Source: https://www.dawn.com/news/1981719/deadly-blast-rocks-iran-as-leaders-rally-in-show-of-defiance, 13 Mar 2026]
#14535
Which of the following statements regarding the conflict events on March 13, 2026, is INCORRECT?
(a) Explosions occurred in Tehran near a pro-government rally.
(b) Iran launched a fresh salvo of missiles at Israel.
(c) The head of the judiciary was interviewed during a blast.
(d) The US military confirmed the capture of Tehran's central square.
Explanation: There is no report of the US military capturing Tehran's central square. The other three options are explicitly mentioned as occurring on that day. [Source: https://www.dawn.com/news/1981719/deadly-blast-rocks-iran-as-leaders-rally-in-show-of-defiance, 13 Mar 2026]
#14536
Consider the following statements about the conflict developments as of March 13, 2026: 1. The US Defence Secretary stated that over 15,000 targets have been struck since the war began. 2. Sirens were reported at Turkey's Incirlik airbase, a facility housing US troops. 3. Iran's Revolutionary Guards have promised to welcome all anti-government protests to foster national unity. 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 3 is incorrect because the Revolutionary Guards warned that protests would be met with a stronger response, not welcomed. Statements 1 and 2 are factually accurate based on the report. [Source: https://www.dawn.com/news/1981719/deadly-blast-rocks-iran-as-leaders-rally-in-show-of-defiance, 13 Mar 2026]
#14537
Who is the European Union’s High Representative for Foreign Affairs and Security Policy scheduled to visit Islamabad on June 1, 2026?
(a) Josep Borrell
(b) Charles Michel
(c) Ursula von der Leyen
(d) Kaja Kallas
Explanation: Kaja Kallas serves as the EU's High Representative for Foreign Affairs and Security Policy and is the official designated to lead the 8th EU-Pakistan Strategic Dialogue. Josep Borrell is a former holder of this office, making him a common distractor. [Source: https://www.dawn.com/news/2003965/eus-top-diplomat-kallas-to-visit-islamabad-on-june-1-for-strategic-dialogue, 30 May 2026]
#14538
Which regulatory body issued the notification regarding the reduction in the price of kerosene on May 29, 2026?
(a) State Bank of Pakistan
(b) Federal Board of Revenue
(c) Oil and Gas Regulatory Authority
(d) None of these
Explanation: The Oil and Gas Regulatory Authority (OGRA) is the designated body responsible for issuing notifications regarding petroleum product price changes in Pakistan. The State Bank and FBR do not manage retail fuel price notifications. [Source: https://www.dawn.com/news/2003697/govt-cuts-petrol-diesel-prices-by-rs22, 29 May 2026]
#14539
Consider the following statements about the EU-Pakistan diplomatic engagement in 2026: 1. The 8th round of the EU-Pakistan Strategic Dialogue was co-chaired by Ishaq Dar and Kaja Kallas. 2. The Prime Minister invited the Presidents of the European Council and the European Commission to visit Pakistan. 3. The EU High Representative described Pakistan as a minor regional power with limited strategic influence. 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 correct as they reflect the official proceedings and invitations extended by the Prime Minister. Statement 3 is incorrect because Kaja Kallas explicitly referred to Pakistan as a 'major regional power' and an 'important partner'. [Source: https://www.dawn.com/news/2004340/pm-reaffirms-eu-ties-thanks-kallas-for-support-for-gulf-peace-efforts, 01 Jun 2026]
#14540
Consider the following statements about the fuel pricing policy in Pakistan as of July 2026: 1. The government has transitioned from weekly to daily fuel price revisions. 2. High-speed diesel is primarily utilized in the heavy transport sector and power plants. 3. The All Pakistan Dealers Association has fully supported the new daily pricing mechanism. 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 correct as they reflect the government's policy shift and the usage profile of diesel. Statement 3 is incorrect because the Dealers Association rejected the daily pricing decision and threatened protests. [Source: https://www.dawn.com/news/2016247/govt-increases-petrol-price-by-rs544-diesel-by-rs3105-per-litre-for-next-three-days, 17 Jul 2026]