November 2026 Edition
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November 2026 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#5541
Which of the following is NOT a US institution that the Finance Minister is scheduled to engage with during his July 2026 visit?
(a) Federal Bureau of Investigation (FBI)
(b) US International Development Finance Corporation (DFC)
(c) US Export-Import (Exim) Bank
(d) International Monetary Fund (IMF)
Explanation: The Finance Minister's visit focuses on economic and financial institutions; the FBI is a law enforcement agency and is not involved in trade or tariff negotiations. The other three organizations are explicitly mentioned as part of the official itinerary. [Source: https://www.dawn.com/news/2016143/finance-minister-to-visit-washington-for-trade-tariff-talks-with-us, 17 Jul 2026]
#5542
The Reserve Bank of Australia is expected to meet in which month following the July 27, 2026, market session?
(a) August 2026
(b) September 2026
(c) October 2026
(d) November 2026
Explanation: The Reserve Bank of Australia was scheduled to meet in August 2026, with investors awaiting inflation data to determine the likelihood of a cash rate hike. [Source: https://www.brecorder.com/news/40431982/australian-shares-rise-nearly-1-as-middle-east-de-escalation-boosts-sentiment, 27 Jul 2026]
#5543
Consider the following statements about the government's economic response to the 2026 fuel crisis: 1. The government previously rejected multiple recommendations to increase fuel prices in March 2026. 2. The price of high-speed diesel was adjusted to Rs520.35 per litre. 3. The Prime Minister consulted the entire cabinet before finalizing the decision to suspend salaries for six months. 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 based on the government's announcements. Statement 3 is incorrect because the Prime Minister explicitly stated he was unable to consult the cabinet members due to the haste of the decision. [Source: https://www.dawn.com/news/1988282/petrol-price-reduces-to-rs378-per-litre-as-govt-cuts-levy-by-rs80, 03 Apr 2026]
#5544
Who is the current Deputy Prime Minister and Foreign Minister of Pakistan who invited his Kuwaiti counterpart for an official visit in 2026?
(a) Bilawal Bhutto Zardari
(b) Ishaq Dar
(c) Shah Mehmood Qureshi
(d) None of these
Explanation: Ishaq Dar currently serves as the Deputy Prime Minister and Foreign Minister of Pakistan. He extended the invitation to the Kuwaiti Foreign Minister to discuss bilateral relations. [Source: https://www.brecorder.com/news/40432027/kuwaiti-foreign-minister-to-visit-pakistan-on-tuesday-fo, 27 Jul 2026]
#5545
Following the price reduction announced on June 19, 2026, what is the new ex-depot price of petrol per litre?
(a) Rs299.78
(b) Rs311.78
(c) Rs373.78
(d) Rs378.78
Explanation: The new price of petrol was set at Rs299.78 per litre following the Rs74 reduction. Rs311.78 is the new price for high-speed diesel. [Source: https://www.dawn.com/news/2009236/pm-shehbaz-announces-reduction-in-prices-of-petrol-by-rs74-diesel-by-rs67, 19 Jun 2026]
#5546
Consider the following statements about the fuel price situation in 2026: 1. The peak prices for both petrol and diesel were recorded on April 3, 2026. 2. The government reduced the petroleum levy by Rs80 per litre in April 2026 to provide immediate relief. 3. The June 19, 2026, price reduction was attributed to the restoration of energy shipping in the Strait of Hormuz. 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 correct. The peak occurred on April 3, the levy was slashed by Rs80 to provide relief, and the June reduction was linked to the easing of tensions and the restoration of shipping in the Strait of Hormuz. [Source: https://www.dawn.com/news/2009236/pm-shehbaz-announces-reduction-in-prices-of-petrol-by-rs74-diesel-by-rs67, 19 Jun 2026]
#5547
By what percentage have oil prices increased due to the ongoing conflict in the Middle East as of April 2026?
(a) 25 percent
(b) 40 percent
(c) 50 percent
(d) 75 percent
Explanation: The conflict has significantly disrupted energy supplies, leading to a 50 percent increase in oil prices. This surge is a primary driver of the projected global economic slowdown. [Source: https://www.dawn.com/news/1990654/global-growth-to-suffer-due-to-middle-east-war-world-bank-chief, 11 Apr 2026]
#5548
Which index serves as the benchmark for China's large-cap stocks mentioned in the context of the July 27, 2026 market performance?
(a) CSI300 Index
(b) Hang Seng Index
(c) Nikkei 225 Index
(d) KSE100 Index
Explanation: The CSI300 Index is the primary benchmark for large-cap stocks in China. The Hang Seng and Nikkei are indices for Hong Kong and Japan, respectively, while the KSE100 is the benchmark for the Pakistan Stock Exchange. [Source: https://www.brecorder.com/news/40431979/china-stocks-rise-as-cxmts-debut-surge-revives-interest-in-battered-shares, 27 Jul 2026]
#5549
Who served as the primary mediator for the Islamabad Memorandum of Understanding signed on June 18, 2026?
(a) United Nations
(b) Pakistan
(c) European Union
(d) None of these
Explanation: Prime Minister Shehbaz Sharif acted as the mediator for the agreement between the United States and Iran. The deal was signed in Islamabad, with Pakistan playing a critical role in facilitating the 14-point peace framework. [Source: https://www.dawn.com/news/2008902/landmark-islamabad-mou-to-go-a-long-way-in-rebuilding-iran-pm-shehbaz-tells-pezeshkian, 18 Jun 2026]
#5550
Which Kuwaiti military facility was specifically identified by the IRGC as a target of their missile and drone strikes on July 18, 2026?
(a) Camp Arifjan
(b) Bubiyan Naval Base
(c) Ahmed Al Jaber Air Base
(d) None of these
Explanation: The IRGC explicitly claimed to have struck a US military support center at Camp Arifjan. While other facilities in Kuwait were affected, Camp Arifjan was the specific site named in the context of the IRGC's operational claims. [Source: https://www.dawn.com/news/2016426/iran-hits-gulf-states-and-jordan-after-seventh-night-of-us-strikes, 18 Jul 2026]
#5551
Who is the current Finance Minister of Pakistan leading the trade and tariff negotiations in Washington as of July 2026?
(a) Muhammad Aurangzeb
(b) Ishaq Dar
(c) Shaukat Tarin
(d) None of these
Explanation: Muhammad Aurangzeb is the serving Finance Minister who traveled to Washington in July 2026 to engage with US officials regarding trade agreements and tariff structures. The other individuals listed are former finance ministers. [Source: https://www.dawn.com/news/2016143/finance-minister-to-visit-washington-for-trade-tariff-talks-with-us, 17 Jul 2026]
#5552
Which of the following is NOT a provision included in the Islamabad MoU signed on June 18, 2026?
(a) Immediate cessation of all Iranian military activities in the region
(b) Lifting of the US blockade on Iranian ports
(c) Reopening of the Strait of Hormuz
(d) Waiver of oil sanctions crippling the Iranian economy
Explanation: The agreement focuses on ending the war, reopening the Strait of Hormuz, and lifting economic sanctions. There is no provision in the text regarding a total cessation of all Iranian military activities, making the incorrect statement. [Source: https://www.dawn.com/news/2008902/landmark-islamabad-mou-to-go-a-long-way-in-rebuilding-iran-pm-shehbaz-tells-pezeshkian, 18 Jun 2026]
#5553
Which political leader met with Prime Minister Shehbaz Sharif on June 13, 2026, following parliamentary debates?
(a) Asad Qaiser
(b) Amir Dogar
(c) Ahsan Iqbal
(d) Mehmood Khan Achakzai
Explanation: Mehmood Khan Achakzai, the Opposition Leader, held a meeting with Prime Minister Shehbaz Sharif on the Saturday preceding the June 14, 2026, report. The other individuals mentioned are active participants in the National Assembly debates but were not the primary interlocutors in this specific meeting. [Source: https://www.dawn.com/news/2007773/info-minister-invites-opposition-to-sign-charter-of-economy-defends-proposed-fy27-budget, 14 Jun 2026]
#5554
Which of the following statements regarding the Senate debate on June 17, 2026, is INCORRECT?
(a) Senator Rana Mahmoodul Hassan demanded a separate South Punjab province.
(b) Senator Agha Shahzeb Durrani praised the PTI government's handling of the FBR.
(c) Senator Abid Sher Ali defended the current government's economic management.
(d) Senator Abdul Qadir criticized the influence of Independent Power Producers.
Explanation: Senator Agha Shahzeb Durrani actually alleged that the PTI had posted corrupt officers to the FBR, which the current government subsequently removed. Therefore, the statement that he praised the PTI's handling of the FBR is incorrect. [Source: https://www.dawn.com/news/2008601/ppp-lawmaker-calls-for-separate-south-punjab-province-in-senate, 17 Jun 2026]
#5555
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]
#5556
Consider the following statements about the conflict escalation on July 18, 2026: 1. Iran justified its actions by citing a Quranic command regarding reciprocal attacks. 2. The US and Iran have been testing escalation limits since the collapse of a ceasefire agreement. 3. Iranian health officials reported that over 500 people were killed in US strikes over the past three weeks. 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 IRGC cited a Quranic command for their actions. Statement 2 is correct regarding the testing of escalation limits. Statement 3 is incorrect because the report stated 50 people were killed and 500 were injured, not 500 killed. [Source: https://www.dawn.com/news/2016426/iran-hits-gulf-states-and-jordan-after-seventh-night-of-us-strikes, 18 Jul 2026]
#5557
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]
#5558
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]
#5559
Who represented Pakistan during the diplomatic discussions in Beijing regarding the Middle East peace initiative on March 31, 2026?
(a) Bilawal Bhutto Zardari
(b) Ishaq Dar
(c) Shah Mahmood Qureshi
(d) None of these
Explanation: Ishaq Dar, serving as the Deputy Prime Minister and Foreign Minister, visited Beijing to meet with his Chinese counterpart, Wang Yi. The other individuals listed are former foreign ministers and were not involved in this specific 2026 diplomatic mission. [Source: https://www.dawn.com/news/1987106/pakistan-china-issue-5-point-initiative-for-restoring-peace-in-middle-east, 31 Mar 2026]
#5560
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]