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.
#15001
Which organization issued a statement on April 12, 2026, declaring that military vessels approaching the Strait of Hormuz would be considered a breach of the ceasefire?
(a) Islamic Revolutionary Guards Corps
(b) United States Central Command
(c) International Maritime Organization
(d) None of these
Explanation: The IRGC issued the warning following the US announcement of a blockade. The other options are either international bodies or US military commands not responsible for this specific Iranian policy statement. [Source: https://www.dawn.com/news/1991096/after-trumps-blockade-announcement-irgc-says-will-view-military-vessels-approaching-hormuz-as-ceasefire-breach, 12 Apr 2026]
#15002
Which of the following institutions is a multilateral development partner mentioned for engagement during the 2026 visit?
(a) Federal Reserve Bank
(b) European Central Bank
(c) Bank of England
(d) Asian Infrastructure Investment Bank (AIIB)
Explanation: The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank that works alongside the World Bank and IMF. The other options are central banks or national institutions not categorized as multilateral development partners in this context. [Source: https://www.dawn.com/news/1990747/aurangzeb-departs-for-us-to-participate-in-imf-wb-meetings, 11 Apr 2026]
#15003
Consider the following statements about the meeting between Pakistan and Saudi Arabia on April 10, 2026: 1. The Prime Minister recalled a recent telephone conversation with the Crown Prince. 2. The meeting focused exclusively on military procurement and defense hardware. 3. The Saudi Finance Minister reaffirmed the resolve to strengthen fraternal bonds.
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) All three
Explanation: Statement 1 and 3 are factually correct based on the official readout. Statement 2 is incorrect because the meeting focused on trade, investment, and economic development, not exclusively on military procurement. [Source: https://www.dawn.com/news/1990567/in-meeting-with-saudi-finance-minister-pm-emphasises-strong-commitment-to-expanding-cooperation-in-all-spheres, 10 Apr 2026]
#15004
Consider the following statements about the 2026 visit of the Finance Minister to the US: 1. The visit includes participation in the G-24 Finance Ministers and Central Bank Governors’ Meetings. 2. The Finance Minister is scheduled to address the Atlantic Council. 3. The primary objective of the visit is to secure immediate debt forgiveness from the World Bank. 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 regarding the itinerary. Statement 3 is incorrect because the stated objective is to discuss the reform agenda and strengthen economic cooperation, not to secure debt forgiveness. [Source: https://www.dawn.com/news/1990747/aurangzeb-departs-for-us-to-participate-in-imf-wb-meetings, 11 Apr 2026]
#15005
Consider the following statements about the economic impact of the Middle East conflict as of April 2026: 1. A baseline scenario with an early end to the war suggests a global growth reduction of 0.3 to 0.4 percentage points. 2. A prolonged conflict could reduce global growth by as much as 1 percentage point. 3. The World Bank President noted that the ceasefire is currently stable and not considered tenuous. 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 accurately reflect the World Bank's growth projections. Statement 3 is incorrect because the report describes the ceasefire as 'tenuous' rather than stable. [Source: https://www.dawn.com/news/1990654/global-growth-to-suffer-due-to-middle-east-war-world-bank-chief, 11 Apr 2026]
#15006
Which of the following global credit rating agencies is the Finance Minister expected to interact with during the 2026 visit?
(a) Fitch Ratings
(b) Morningstar
(c) Kroll Bond Rating Agency
(d) None of these
Explanation: Fitch Ratings, along with Moody's and S&P Global, are the major credit rating agencies mentioned for engagement. Morningstar and Kroll are not listed as part of the scheduled high-level interactions. [Source: https://www.dawn.com/news/1990747/aurangzeb-departs-for-us-to-participate-in-imf-wb-meetings, 11 Apr 2026]
#15007
Consider the following statements about the energy conservation measures announced in April 2026: 1. The federal government decided that markets in provinces other than Sindh should close by 8:00 PM. 2. The Sindh government notification applies to both weekdays and weekends. 3. The austerity measures were triggered by the global fuel crisis resulting from the US-Israel war on Iran. 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 policy announcements. The federal directive specifically excluded Sindh initially, the Sindh notification covers the entire week, and the geopolitical cause of the fuel crisis is correctly identified. [Source: https://www.dawn.com/news/1990483/sindh-implements-austerity-measures-notifies-early-market-closure-among-other-steps, 10 Apr 2026]
#15008
Which of the following statements regarding the meeting on April 10, 2026, is INCORRECT?
(a) The meeting took place at the Prime Minister House.
(b) The Chief of Army Staff attended the meeting.
(c) The Prime Minister expressed appreciation for Saudi Arabia's economic support.
(d) The Saudi Finance Minister was on a three-day official visit to Pakistan.
Explanation: The Saudi Finance Minister was on a one-day visit, not a three-day visit. The other statements accurately reflect the details of the event. [Source: https://www.dawn.com/news/1990567/in-meeting-with-saudi-finance-minister-pm-emphasises-strong-commitment-to-expanding-cooperation-in-all-spheres, 10 Apr 2026]
#15009
Which official shared the notification for the new fuel prices on X on April 10, 2026?
(a) Shehbaz Sharif
(b) Asim Munir
(c) Ishaq Dar
(d) None of these
Explanation: Deputy Prime Minister and Foreign Minister Ishaq Dar shared the official notification regarding the new fuel prices on the platform X. While the Prime Minister announced the policy, the notification was shared by the Foreign Minister. [Source: https://www.dawn.com/news/1990554/govt-reduces-petrol-price-by-rs12-per-litre-hsd-by-rs135, 10 Apr 2026]
#15010
Who visited Islamabad on April 10, 2026, to meet with Prime Minister Shehbaz Sharif regarding bilateral cooperation?
(a) Mohammed bin Abdullah al Jadaan
(b) Faisal bin Farhan Al Saud
(c) Khalid bin Abdulaziz Al Saud
(d) None of these
Explanation: Mohammed bin Abdullah al Jadaan is the Saudi Finance Minister who conducted a one-day visit to Islamabad on the specified date. Faisal bin Farhan is the Foreign Minister, making him a plausible but incorrect distractor. [Source: https://www.dawn.com/news/1990567/in-meeting-with-saudi-finance-minister-pm-emphasises-strong-commitment-to-expanding-cooperation-in-all-spheres, 10 Apr 2026]
#15011
What is the permitted operating window for restaurants and food outlets in Sindh under the 2026 austerity notification?
(a) 6:00 PM to 10:00 PM
(b) 7:00 PM to 11:30 PM
(c) 8:00 PM to 12:00 AM
(d) None of these
Explanation: The notification allows restaurants and food outlets to operate for dinner services between 7:00 PM and 11:30 PM. Takeaway and home delivery services are permitted to continue without these specific time restrictions. [Source: https://www.dawn.com/news/1990483/sindh-implements-austerity-measures-notifies-early-market-closure-among-other-steps, 10 Apr 2026]
#15012
Which of the following statements regarding the government's fuel price policy on April 10, 2026, is INCORRECT?
(a) The government decided to discontinue all targeted subsidy initiatives immediately.
(b) The Prime Minister rejected the recommendation to only partially pass on the relief to the public.
(c) The price of kerosene was reduced by Rs17.33 per litre.
(d) The price of light diesel oil was reduced to Rs369.72 per litre.
Explanation: The government explicitly stated that targeted subsidy initiatives would not be discontinued. Options A, B, and D are factually correct statements regarding the policy announcement. [Source: https://www.dawn.com/news/1990554/govt-reduces-petrol-price-by-rs12-per-litre-hsd-by-rs135, 10 Apr 2026]
#15013
Consider the following statements about the economic and diplomatic context of the April 10, 2026, announcement: 1. The government aimed to recover Rs129 billion spent on cushioning price shocks by withholding some relief from the public. 2. The Prime Minister rejected the advice to withhold full relief from the public. 3. The reduction in fuel prices was partially attributed to fiscal discipline and the utilization of government resources. 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 Prime Minister rejected the advice to withhold relief to recover the Rs129 billion. Statements 2 and 3 are correct as the Prime Minister prioritized passing on the relief and cited fiscal discipline as a contributing factor. [Source: https://www.dawn.com/news/1990554/govt-reduces-petrol-price-by-rs12-per-litre-hsd-by-rs135, 10 Apr 2026]
#15014
Approximately what percentage of retail integration had Pakistan State Oil (PSO) achieved at the time of the April 6, 2026 meeting?
(a) 40 percent
(b) 60 percent
(c) 80 percent
(d) 90 percent
Explanation: Reports indicated that PSO's retail integration was approximately 60 percent, a figure deemed insufficient by the cabinet committee given its status as a public sector entity. [Source: https://www.dawn.com/news/1989171/ogra-pso-come-under-fire-for-poor-monitoring-of-oil-stocks, 06 Apr 2026]
#15015
Consider the following statements about the visit of the Pakistani delegation to China on 2026-07-16: 1. Ishaq Dar held a bilateral meeting with Chinese Foreign Minister Wang Yi. 2. Pakistan joined WAICO as a founding member. 3. The visit included participation in the World Artificial Intelligence Conference (WAIC) 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 correct. Ishaq Dar met with Wang Yi, Pakistan became a founding member of WAICO, and the delegation participated in the WAIC 2026. [Source: https://www.dawn.com/news/2015858/pakistan-becomes-founding-member-of-world-artificial-intelligence-cooperation-organisation, 16 Jul 2026]
#15016
Consider the following statements about the 2026 energy conservation policy: 1. The policy mandates that marriage halls and marquees must close by 10:00 PM. 2. The federal government has introduced a digital wallet subsidy initiative to assist with fuel costs. 3. The policy was implemented without any consultation with provincial chief ministers. 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 align with the government's announced measures. Statement 3 is incorrect because the Prime Minister explicitly expressed gratitude to the chief ministers of the provinces for reaching a consensus on the matter. [Source: https://www.dawn.com/news/1989178/markets-malls-to-close-at-8pm-across-country-except-sindh-to-conserve-energy, 06 Apr 2026]
#15017
Who chaired the cabinet committee meeting held on April 6, 2026, to address petroleum monitoring and supply chain issues?
(a) Shehbaz Sharif
(b) Muhammad Aurangzeb
(c) Musadik Malik
(d) None of these
Explanation: Finance Minister Muhammad Aurangzeb chaired the cabinet committee meeting on April 6, 2026. While Prime Minister Shehbaz Sharif constituted the committee, he did not chair this specific session. [Source: https://www.dawn.com/news/1989171/ogra-pso-come-under-fire-for-poor-monitoring-of-oil-stocks, 06 Apr 2026]
#15018
Which of the following statements regarding the 2026 energy conservation policy is INCORRECT?
(a) Sindh is currently exempt from the 8:00 PM mandatory closure pending further consultations.
(b) All markets in Khyber Pakhtunkhwa are permitted to remain open until 10:00 PM.
(c) The policy was formulated in response to fuel price hikes linked to the conflict in the Middle East.
(d) The federal government is providing free inter-city public transport in Gilgit and Muzaffarabad for one month.
Explanation: Only divisional headquarters in Khyber Pakhtunkhwa are permitted to remain open until 9:00 PM, not 10:00 PM. The other statements accurately reflect the policy details regarding Sindh's exemption, transport subsidies, and the rationale behind the energy conservation measures. [Source: https://www.dawn.com/news/1989178/markets-malls-to-close-at-8pm-across-country-except-sindh-to-conserve-energy, 06 Apr 2026]
#15019
Which of the following entities is granted an exemption from the 2026 energy conservation timing restrictions?
(a) Marriage halls
(b) Departmental stores
(c) Medical stores and pharmacies
(d) None of these
Explanation: Medical stores and pharmacies are explicitly exempted from the new timing restrictions to ensure public access to essential healthcare supplies. Marriage halls and departmental stores are subject to the 8:00 PM or 10:00 PM closure rules. [Source: https://www.dawn.com/news/1989178/markets-malls-to-close-at-8pm-across-country-except-sindh-to-conserve-energy, 06 Apr 2026]
#15020
Consider the following statements about the cabinet committee meeting held on April 6, 2026: 1. The committee expressed concern over loopholes in the diesel rate build-up. 2. Climate Change Minister Dr. Musadik Malik previously served as the energy and petroleum minister. 3. The government decided to rely solely on private sector data for monitoring retail outlets. 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. Statement 3 is incorrect because the government is actively deploying joint teams to ensure data transparency and is not relying solely on private sector data, which was noted as having even poorer integration than PSO. [Source: https://www.dawn.com/news/1989171/ogra-pso-come-under-fire-for-poor-monitoring-of-oil-stocks, 06 Apr 2026]