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.
#14601
Which of the following statements regarding the 2026 AMD-Anthropic deal is INCORRECT?
(a) The deal involves the purchase of AI servers by Anthropic.
(b) The deal grants AMD a majority ownership stake in Anthropic.
(c) Anthropic will begin receiving the new chips in the first half of 2027.
(d) AMD's investment is contingent upon achieving deployment milestones.
Explanation: The deal is a strategic investment and hardware supply agreement; it does not grant AMD a majority ownership stake in Anthropic. The other three statements accurately reflect the terms reported in the agreement. [Source: https://www.dawn.com/news/2017572/amd-to-sell-anthropic-tens-of-billions-in-ai-servers-invest-up-to-5bn-in-startup, 22 Jul 2026]
#14602
What is the percentage rate of the Ad hoc Relief Allowance-2026 granted to federal civil employees effective from July 1, 2026?
(a) 5 percent
(b) 7 percent
(c) 10 percent
(d) 15 percent
Explanation: The government notification issued on July 22, 2026, explicitly states that a 7 percent Ad hoc Relief Allowance-2026 was granted to federal civil employees. This allowance is calculated based on the running basic pay under the new BPS-2026 structure. [Source: https://www.brecorder.com/news/40431195/salary-increase-notified-govt-issues-revised-bps-2026-for-civil-servants, 22 Jul 2026]
#14603
What is the maximum investment amount AMD has pledged to Anthropic in the 2026 deal?
(a) 1 billion dollars
(b) 30 billion dollars
(c) 10 billion dollars
(d) 5 billion dollars
Explanation: AMD announced an investment of up to $5 billion in Anthropic, tied to the achievement of specific deployment milestones. The $30 billion figure refers to separate reported talks involving Nvidia and OpenAI. [Source: https://www.dawn.com/news/2017572/amd-to-sell-anthropic-tens-of-billions-in-ai-servers-invest-up-to-5bn-in-startup, 22 Jul 2026]
#14604
Who is the current US Treasury Secretary who met with Pakistan's Finance Minister in July 2026?
(a) Janet Yellen
(b) Timothy Geithner
(c) Steven Mnuchin
(d) Scott Bessent
Explanation: Scott Bessent is the US Treasury Secretary who held discussions with Finance Minister Muhammad Aurangzeb regarding Pakistan's economic reforms. Janet Yellen is a former Treasury Secretary, making her an incorrect choice. [Source: https://www.dawn.com/news/2017582/us-treasury-secretary-welcomes-pakistans-economic-reforms-return-to-capital-markets, 22 Jul 2026]
#14605
Which specific chip model is Anthropic planning to purchase from AMD as part of the 2026 agreement?
(a) Instinct MI300
(b) Instinct MI450
(c) Instinct MI500
(d) None of these
Explanation: Anthropic has committed to purchasing two gigawatts of AMD's latest-generation Instinct MI450 chips. The MI300 is an older architecture, and the MI500 is not the model specified in the agreement. [Source: https://www.dawn.com/news/2017572/amd-to-sell-anthropic-tens-of-billions-in-ai-servers-invest-up-to-5bn-in-startup, 22 Jul 2026]
#14606
Which of the following statements regarding the Ad hoc Relief Allowance-2026 is INCORRECT?
(a) It is subject to income tax.
(b) It is admissible during leave and suspension.
(c) It is applicable to contract employees appointed against civil posts.
(d) It counts towards pension and gratuity calculations.
Explanation: The notification explicitly states that the new allowance will not count towards pension, gratuity, or house rent calculations. Therefore, the statement claiming it counts towards these benefits is incorrect. [Source: https://www.brecorder.com/news/40431195/salary-increase-notified-govt-issues-revised-bps-2026-for-civil-servants, 22 Jul 2026]
#14607
Consider the following statements about the BPS-2026 notification: 1. The new pay scales apply to federal civil employees paid from both civil and defence estimates. 2. Employees posted abroad are eligible to receive the Ad hoc Relief Allowance-2026 during their foreign tenure. 3. The 2022 and 2025 ad hoc relief allowances were abolished upon the implementation of the new scales. 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 notification covers both civil and defence estimates. Statement 3 is correct as the 2022 and 2025 allowances were merged and abolished. Statement 2 is incorrect because employees posted abroad are explicitly excluded from receiving the allowance during their foreign posting. [Source: https://www.brecorder.com/news/40431195/salary-increase-notified-govt-issues-revised-bps-2026-for-civil-servants, 22 Jul 2026]
#14608
Consider the following statements about the economic discussions held in July 2026: 1. The US Treasury Secretary explicitly approved the $10 billion exchange stabilisation facility during the meeting. 2. Pakistan is aiming to transition from macroeconomic stabilisation to export-led growth. 3. The US Treasury commended Pakistan's commitment to creating conditions for a return to international capital markets. 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 the US Treasury statement did not address or approve the $10 billion request. Statements 2 and 3 accurately reflect the official positions stated during the visit. [Source: https://www.dawn.com/news/2017582/us-treasury-secretary-welcomes-pakistans-economic-reforms-return-to-capital-markets, 22 Jul 2026]
#14609
In the context of urban resilience during the 2026-07-23 rain spell, which specific infrastructure was prioritized for immediate drainage?
(a) Underpasses
(b) Industrial zones
(c) Agricultural canals
(d) Power grids
Explanation: The Chief Minister specifically ordered the drainage of rainwater from streets, markets, roads, and underpasses to ensure public safety and traffic flow. Underpasses are particularly vulnerable to flooding during heavy monsoon spells. [Source: https://www.brecorder.com/news/40431317/cm-voices-her-grief-over-rain-related-deaths, 23 Jul 2026]
#14610
Following the price adjustment on July 22, 2026, what is the new price of high-speed diesel (HSD) per litre?
(a) Rs327.12
(b) Rs375.04
(c) Rs458.41
(d) Rs520.35
Explanation: The government notification issued on July 22, 2026, set the new price of high-speed diesel at Rs375.04 per litre. Rs327.12 is the corresponding price for petrol, while the other figures represent historical peak prices. [Source: https://www.dawn.com/news/2017573/govt-increases-petrol-price-by-rs639-diesel-by-rs783-per-litre, 22 Jul 2026]
#14611
Consider the following statements about the IMF mission to Pakistan in 2026: 1. The mission successfully reached a staff-level agreement on March 11, 2026. 2. Discussions were influenced by the impact of regional conflict on Pakistan's balance of payments. 3. The mission reviewed both the Extended Fund Facility and the Resilience and Sustainability Facility. 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 the mission failed to reach a staff-level agreement by the conclusion date. Statements 2 and 3 are correct as they accurately reflect the scope of the review and the external factors influencing the economic outlook. [Source: https://www.dawn.com/news/1981220/imf-mission-fails-to-reach-staff-level-agreement-with-pakistan-talks-to-continue, 12 Mar 2026]
#14612
Consider the following statements about the fuel pricing situation in Pakistan as of July 2026: 1. Petrol prices are primarily influenced by the needs of private transport and small vehicles. 2. The government previously utilized a weekly revision cycle for fuel prices before moving to daily adjustments. 3. Monthly sales of kerosene are significantly higher than those of petrol and high-speed diesel. 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 they reflect the usage patterns and the shift in policy. Statement 3 is incorrect because kerosene demand is only 10,000 tonnes monthly, whereas petrol and diesel sales reach 700,000 to 800,000 tonnes. [Source: https://www.dawn.com/news/2017573/govt-increases-petrol-price-by-rs639-diesel-by-rs783-per-litre, 22 Jul 2026]
#14613
Which financial institution in the United Arab Emirates reported a net profit of 5.72 billion dirhams for the second quarter of 2026?
(a) Emirates NBD
(b) First Abu Dhabi Bank
(c) Abu Dhabi Commercial Bank
(d) None of these
Explanation: First Abu Dhabi Bank (FAB) reported a net profit of 5.72 billion dirhams for the quarter ending June 30, 2026. Emirates NBD and Abu Dhabi Commercial Bank are also major lenders in the region but did not report this specific profit figure. [Source: https://www.brecorder.com/news/40431470/most-gulf-markets-gain-on-quarterly-earnings-but-geopolitical-risks-limit-upside, 23 Jul 2026]
#14614
Which of the following statements regarding India's e-commerce policy as of July 23, 2026, is INCORRECT?
(a) Foreign e-commerce companies are permitted to operate as marketplaces to connect buyers and sellers
(b) Foreign e-commerce companies are now fully permitted to sell goods directly to domestic consumers
(c) The government aims to facilitate greater exports through increased access to global markets
(d) Policy restrictions on foreign e-commerce have been a point of contention between New Delhi and Washington
Explanation: The government continues to prohibit foreign e-commerce companies from selling goods directly to domestic consumers to protect local brick-and-mortar retailers. Therefore, statement C is false. [Source: https://www.brecorder.com/news/40431461/india-relaxes-e-commerce-investment-rules-for-exports-in-win-for-amazon, 23 Jul 2026]
#14615
Which of the following is NOT a policy goal mentioned by the PPP Chairman for the people of AJK in 2026?
(a) Securing rights of governance
(b) Privatization of all public utilities
(c) Ensuring rights of ownership
(d) Securing rights of employment
Explanation: The PPP Chairman's manifesto focuses on governance, ownership, and employment rights. Privatization of public utilities was not mentioned as a policy goal in his address. [Source: https://www.brecorder.com/news/40431352/bilawal-says-ajk-election-crucial-for-kashmirs-future, 23 Jul 2026]
#14616
According to the CME Group’s FedWatch tool, investors expect the Federal Reserve to keep interest rates steady at their meeting on which date in 2026?
(a) April 12
(b) March 25
(c) April 05
(d) March 18
Explanation: Market participants anticipate the Federal Reserve will maintain current interest rates during their two-day meeting concluding on March 18, 2026. This expectation is based on data from the CME Group’s FedWatch tool. [Source: https://www.dawn.com/news/1980850/gold-edges-higher-on-safe-haven-demand-ahead-of-us-cpi-data, 11 Mar 2026]
#14617
Which political leader emphasized the inclusion of Kashmiri representatives in the National Finance Commission (NFC) during an election rally in 2026?
(a) Nawaz Sharif
(b) Bilawal Bhutto-Zardari
(c) Imran Khan
(d) None of these
Explanation: Bilawal Bhutto-Zardari, as the Chairman of the PPP, advocated for the inclusion of Kashmiri representatives in national policy forums like the NFC and the Council of Common Interests. Nawaz Sharif and Imran Khan were not the speakers at this specific AJK election rally. [Source: https://www.brecorder.com/news/40431352/bilawal-says-ajk-election-crucial-for-kashmirs-future, 23 Jul 2026]
#14618
Consider the following statements about the impact of Middle East tensions on global energy markets as of July 23, 2026: 1. Brent crude futures approached $99 a barrel in Asian trade. 2. The conflict has raised concerns regarding the closure of the Strait of Hormuz. 3. Brent crude prices have rallied 12% over the week ending July 23, 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: All three statements are factually accurate based on the report. Brent crude reached nearly $99, the Strait of Hormuz is a focal point for supply disruption fears, and the 12% weekly rally is confirmed. [Source: https://www.brecorder.com/news/40431465/indian-bonds-fall-for-third-session-as-oil-prices-near-100-a-barrel, 23 Jul 2026]
#14619
What was the total amount of remittances received by Pakistan in February 2026?
(a) 2.5 billion dollars
(b) 3.3 billion dollars
(c) 4.0 billion dollars
(d) None of these
Explanation: The State Bank of Pakistan reported that remittances remained steady in February 2026, totaling 3.3 billion dollars. This figure highlights the resilience of inflows despite the onset of regional conflict. [Source: https://www.dawn.com/news/1980726/remittances-steady-but-war-risks-loom, 11 Mar 2026]
#14620
Consider the following statements about the political discourse in AJK as of July 2026: 1. The PPP Chairman advocated for a constitutional amendment to protect the rights of AJK people if a two-thirds majority is achieved. 2. Restrictions on internet services in AJK were criticized as being harmful to the local population. 3. The PPP Chairman suggested that decisions regarding the future of Kashmir should be made by authorities in Sindh or Punjab. 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 they reflect the Chairman's stated goals and criticisms. Statement 3 is incorrect because the Chairman explicitly stated that decisions should be made by Kashmiris, not by people from Sindh or Punjab. [Source: https://www.brecorder.com/news/40431352/bilawal-says-ajk-election-crucial-for-kashmirs-future, 23 Jul 2026]