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.
#14881
Global oil prices surged by approximately what percentage on March 9, 2026?
(a) 15 percent
(b) 25 percent
(c) 20 percent
(d) 30 percent
Explanation: Global oil prices surged by approximately 25 percent on March 9, 2026, reaching their highest levels since mid-2022. This surge was a primary factor contributing to the negative investor sentiment and the subsequent market sell-off. [Source: https://www.dawn.com/news/1980057/bloodbath-at-psx-as-kse-100-slides-over-11000-points, 09 Mar 2026]
#14882
What was the total amount generated by the government through the 5G spectrum auction concluded on March 10, 2026?
(a) $480 million
(b) $507 million
(c) $700 million
(d) None of these
Explanation: The government successfully auctioned 480 megahertz of spectrum, which generated a total revenue of $507 million. Option A is incorrect as it confuses the megahertz quantity with the dollar value. [Source: https://www.dawn.com/news/1980473/faster-cheaper-better-480mhz-sold-for-507m-as-5g-spectrum-auction-concludes, 10 Mar 2026]
#14883
Consider the following statements about the fuel conservation measures announced on March 9, 2026: 1. The KP government implemented a 50 percent work-from-home policy for government departments. 2. The Punjab government has completely banned the use of all security protocol vehicles for ministers. 3. The KP government has decided to ensure the supply of diesel to farmers for wheat harvesting.
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) All three
Explanation: Statement 1 is correct as KP introduced a 50 percent work-from-home policy. Statement 2 is incorrect because Punjab restricted the use of protocol vehicles to one extra vehicle for security, rather than a total ban. Statement 3 is correct as the government explicitly vowed to ensure diesel supply for wheat harvesting. [Source: https://www.dawn.com/news/1980154/kp-cuts-fuel-allowance-for-govt-vehicles-punjab-and-balochistan-close-schools-amid-global-oil-crisis, 09 Mar 2026]
#14884
Who is the current Petroleum Minister of Pakistan as of July 27, 2026?
(a) Musadik Malik
(b) Khaleeq Kiani
(c) Abidullah Afridi
(d) Ali Pervaiz Malik
Explanation: Ali Pervaiz Malik is the Petroleum Minister who held discussions with the Oil Tankers Contractors Association. Abidullah Afridi is the president of the OTCA, not the minister. [Source: https://www.dawn.com/news/2018766/petroleum-minister-hints-at-fuel-price-relief-after-pakistans-oil-cargoes-clear-bab-al-mandeb, 27 Jul 2026]
#14885
Consider the following statements about the market events of March 9, 2026: 1. The KSE-100 index experienced a decline of 6.99 percent. 2. Trading was halted at 9:20am due to regulatory triggers. 3. The market recovered fully to its previous close before the end of the session. 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 the index fell by 6.99 percent and the halt occurred at 9:20am. Statement 3 is incorrect because the market remained deep in the red at the closing bell despite a brief recovery attempt. [Source: https://www.dawn.com/news/1980057/bloodbath-at-psx-as-kse-100-slides-over-11000-points, 09 Mar 2026]
#14886
Which of the following statements regarding the 2026 5G spectrum auction is INCORRECT?
(a) Three telecom companies participated in the bidding process.
(b) The auction included the 3500 MHz frequency band.
(c) Jazz announced plans for 5G test trials at 180 towers.
(d) The government offered a total of 1000 MHz for auction.
Explanation: The government did not offer 1000 MHz; the total spectrum sold was 480 MHz, and the initial offering was significantly lower than 1000 MHz. The other statements are factually accurate based on the auction results. [Source: https://www.dawn.com/news/1980473/faster-cheaper-better-480mhz-sold-for-507m-as-5g-spectrum-auction-concludes, 10 Mar 2026]
#14887
Which of the following factors is NOT cited as a reason for the market rally on July 27, 2026?
(a) An immediate reduction in the SBP policy rate
(b) A sharp decline in global oil prices
(c) Easing geopolitical tensions in the Middle East
(d) Improved investor sentiment following a pause in combat
Explanation: The SBP maintained the policy rate at 11.5 percent rather than reducing it. Therefore, an immediate reduction in the policy rate is an incorrect statement regarding the events of that day. [Source: https://www.dawn.com/news/2018715/psx-opens-week-in-the-green-gains-more-than-7000-points-to-close-above-178000-mark, 27 Jul 2026]
#14888
Who is the current Chief Minister of Khyber Pakhtunkhwa as of March 9, 2026?
(a) Ali Amin Gandapur
(b) Sohail Afridi
(c) Pervez Khattak
(d) None of these
Explanation: Sohail Afridi is identified as the Chief Minister of Khyber Pakhtunkhwa in the official government announcements regarding the fuel conservation measures. Ali Amin Gandapur is a former Chief Minister, making him a plausible but incorrect distractor. [Source: https://www.dawn.com/news/1980154/kp-cuts-fuel-allowance-for-govt-vehicles-punjab-and-balochistan-close-schools-amid-global-oil-crisis, 09 Mar 2026]
#14889
Which of the following statements regarding the US-Iran conflict as of 2026 is INCORRECT?
(a) The US military has struck over 5,000 targets since the conflict began.
(b) President Trump expressed a preference for internal political change within Iran.
(c) The US administration is considering waiving certain oil-related sanctions to reduce global prices.
(d) President Trump has explicitly confirmed that the new Iranian leader has a target on his back.
Explanation: President Trump explicitly declined to comment on whether the new Iranian leader has a 'target on his back,' maintaining deliberate ambiguity. The other statements accurately reflect the administration's stated positions and military actions. [Source: https://www.dawn.com/news/1980326/trump-says-iran-war-pretty-much-over-progressing-ahead-of-schedule, 09 Mar 2026]
#14890
On March 9, 2026, the State Bank of Pakistan (SBP) maintained the key policy rate at which of the following levels?
(a) 8.5 percent
(b) 12.5 percent
(c) 10.5 percent
(d) 14.5 percent
Explanation: The SBP Monetary Policy Committee announced on March 9, 2026, that the policy rate would remain unchanged at 10.5 percent. This decision was made to maintain price stability amidst global economic uncertainty. [Source: https://www.dawn.com/news/1980133/sbp-maintains-policy-rate-at-105pc, 09 Mar 2026]
#14891
Which of the following companies was among the leading performers contributing to the PSX benchmark index rally on July 27, 2026?
(a) Engro Fertilizers
(b) Lucky Cement
(c) United Bank Limited
(d) None of these
Explanation: While UBL, FFC, ENGROH, MEBL, and LUCK were identified as leading contributors, the options provided (Engro Fertilizers, Lucky Cement, United Bank Limited) are individual entities. Since all three are correct, 'None of these' is the appropriate choice as it implies none of the single-option choices exclusively represent the list of top performers. [Source: https://www.dawn.com/news/2018715/psx-opens-week-in-the-green-gains-more-than-7000-points-to-close-above-178000-mark, 27 Jul 2026]
#14892
The KSE-100 index closed above which of the following thresholds on July 27, 2026?
(a) 168,000 points
(b) 198,000 points
(c) 188,000 points
(d) 178,000 points
Explanation: The KSE-100 index gained over 7,000 points to close at 178,262.33, successfully crossing the 178,000-point threshold. [Source: https://www.dawn.com/news/2018715/psx-opens-week-in-the-green-gains-more-than-7000-points-to-close-above-178000-mark, 27 Jul 2026]
#14893
Following the price revision on July 28, 2026, what is the new retail price of high-speed diesel per litre?
(a) Rs335.81
(b) Rs520.35
(c) Rs458.41
(d) Rs388.38
Explanation: The retail price of high-speed diesel was set at Rs388.38 per litre following the July 2026 adjustment. Rs335.81 is the new price for petrol. [Source: https://www.dawn.com/news/2019031/govt-increases-petrol-price-by-rs163-hsd-price-by-rs155, 28 Jul 2026]
#14894
Which of the following statements regarding the petroleum pricing notification of June 12, 2026, is INCORRECT?
(a) The price of kerosene was reduced by Rs10 per litre.
(b) The price of high-speed diesel was reduced by Rs2 per litre.
(c) The new prices became effective from June 13, 2026.
(d) The price of petrol was reduced by Rs4 per litre.
Explanation: The notification specifically announced reductions for petrol and high-speed diesel; it did not announce a Rs10 reduction for kerosene. The other three statements accurately reflect the details provided in the official notification. [Source: https://www.dawn.com/news/2007376/govt-slashes-petrol-price-by-rs4-diesel-by-rs2, 12 Jun 2026]
#14895
Who was formally appointed as the new supreme leader of Iran following the death of Ayatollah Ali Khamenei in 2026?
(a) Hassan Rouhani
(b) Mojtaba Khamenei
(c) Ebrahim Raisi
(d) None of these
Explanation: Mojtaba Khamenei was appointed by the Assembly of Experts to succeed his father, Ayatollah Ali Khamenei, following his death in a US-Israeli strike. The other names listed are prominent Iranian political figures but were not the subjects of this specific succession. [Source: https://www.dawn.com/news/1980326/trump-says-iran-war-pretty-much-over-progressing-ahead-of-schedule, 09 Mar 2026]
#14896
On July 27, 2026, the State Bank of Pakistan maintained the policy rate at which of the following levels?
(a) 10.5 percent
(b) 12.5 percent
(c) 11.5 percent
(d) 13.5 percent
Explanation: The State Bank of Pakistan maintained the policy rate at 11.5 percent during the announcement on July 27, 2026. Analysts viewed this as a cautious stance given the prevailing regional geopolitical tensions. [Source: https://www.dawn.com/news/2018715/psx-opens-week-in-the-green-gains-more-than-7000-points-to-close-above-178000-mark, 27 Jul 2026]
#14897
Consider the following statements about the PSX performance on July 27, 2026: 1. The KSE-100 index gained more than 7,000 points during the session. 2. The market rally was partially attributed to the resumption of shipping through the Strait of Hormuz. 3. The index reached an intra-day peak of over 178,500 points. 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 market data from July 27, 2026. The index gained 7,241.13 points, investor sentiment improved due to hopes for shipping resumption, and the intra-day peak was 178,588.33 points. [Source: https://www.dawn.com/news/2018715/psx-opens-week-in-the-green-gains-more-than-7000-points-to-close-above-178000-mark, 27 Jul 2026]
#14898
Approximately how many barrels of crude oil per day did Kuwait produce in February 2026?
(a) 4.1 million
(b) 3.2 million
(c) 2.6 million
(d) 1.8 million
Explanation: Kuwait's production level in February 2026 was reported at approximately 2.6 million barrels per day. This figure serves as the baseline before the precautionary cuts were implemented. [Source: https://www.dawn.com/news/1979510/kuwaits-national-oil-company-cuts-production-as-precaution-amid-iran-tensions, 07 Mar 2026]
#14899
According to the SBP statement released on March 9, 2026, what was the inflation rate recorded in February 2026?
(a) 5.8 percent
(b) 7.0 percent
(c) 8.2 percent
(d) None of these
Explanation: The SBP reported that inflation rose to 5.8 percent in January and 7 percent in February 2026. Option D is incorrect because 7 percent is explicitly mentioned as the February figure. [Source: https://www.dawn.com/news/1980133/sbp-maintains-policy-rate-at-105pc, 09 Mar 2026]
#14900
By what percentage did Pakistan's trade deficit with the Middle East narrow in fiscal year 2026?
(a) 4.48 percent
(b) 7.37 percent
(c) 2.00 percent
(d) 4.00 percent
Explanation: The trade deficit with the Middle East narrowed by 4.48 percent to $13.32 billion in FY26. The 7.37 percent figure refers to the widening of the deficit observed in the previous fiscal year. [Source: https://www.dawn.com/news/2018925/pakistans-exports-to-middle-east-dip-in-fy26, 28 Jul 2026]