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.
#1261
Consider the following statements about the current economic climate as of 2026-04-29: 1. Brent crude prices have surged due to geopolitical tensions in the Middle East. 2. The US Federal Reserve is expected to announce a significant reduction in interest rates. 3. Investors are scrutinizing the capital expenditure of major tech firms regarding artificial intelligence.
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) All three
Explanation: Statement 1 is correct as oil prices rose due to the blockade concerns. Statement 3 is correct as tech firm AI spending is a major focus. Statement 2 is incorrect because the report states the Fed is expected to keep interest rates unchanged, not reduce them. [Source: https://www.dawn.com/news/1996151/oil-spikes-while-stocks-slip-ahead-of-us-fed-rate-decision, 29 Apr 2026]
#1262
What was the intraday high reached by the KSE-100 index on July 21, 2026?
(a) 176,133.56
(b) 177,370.45
(c) 178,370.45
(d) 179,370.45
Explanation: The KSE-100 index reached an intraday high of 178,370.45 points at 10:09am before experiencing profit-taking later in the session. The closing value was 176,133.56 points. [Source: https://www.dawn.com/news/2017214/psx-gains-1200-points-during-intraday-trade-as-oil-eases-amid-us-iran-mediation-efforts, 21 Jul 2026]
#1263
Brent crude futures rose by what percentage on July 21, 2026, as hostilities in the Gulf intensified?
(a) 1.2 percent
(b) 1.8 percent
(c) 1.5 percent
(d) 2.0 percent
Explanation: Brent crude futures rose by $1.62, which corresponds to a 1.8 percent increase, reaching $90.84 a barrel. This rise occurred as early market optimism eroded due to continued regional hostilities. [Source: https://www.dawn.com/news/2017214/psx-gains-2000-points-during-intraday-trade-as-oil-eases-amid-us-iran-mediation-efforts, 21 Jul 2026]
#1264
What was the total turnover recorded at the Pakistan Stock Exchange on July 21, 2026?
(a) Rs 30.2 billion
(b) Rs 45.5 billion
(c) Rs 15.8 billion
(d) Rs 675.9 million
Explanation: The total turnover for the session was Rs 30.2 billion. The figure 675.9 million refers to the total volume of shares traded, not the monetary turnover. [Source: https://www.dawn.com/news/2017152/stocks-eke-out-gains-amid-extreme-volatility, 21 Jul 2026]
#1265
Which of the following statements regarding the KSE-100 performance on July 21, 2026, is INCORRECT?
(a) The index opened the session in the green.
(b) The market experienced broad-based profit-taking in the latter half of the session.
(c) Investor sentiment remained cautious due to global energy market uncertainty.
(d) The index closed with a significant gain of over 2,000 points.
Explanation: The index closed with a marginal gain of only 205.83 points, not 2,000 points. The 2,442.72 point figure mentioned in reports refers to the initial surge, not the final closing gain. [Source: https://www.dawn.com/news/2017214/psx-gains-2000-points-during-intraday-trade-as-oil-eases-amid-us-iran-mediation-efforts, 21 Jul 2026]
#1266
What was the primary geopolitical factor influencing global oil price volatility on July 21, 2026?
(a) US-Iran diplomatic mediation efforts
(b) OPEC production quota adjustments
(c) Global supply chain disruptions in Asia
(d) Changes in US Federal Reserve interest rates
Explanation: Market volatility was driven by reports of mediation efforts between the US and Iran, contrasted against ongoing hostilities and threats of naval blockades in the Gulf. While other factors can influence oil, the specific context of this session was the US-Iran diplomatic situation. [Source: https://www.dawn.com/news/2017214/psx-gains-2000-points-during-intraday-trade-as-oil-eases-amid-us-iran-mediation-efforts, 21 Jul 2026]
#1267
Which sector faced specific selling pressure on July 21, 2026, due to speculation regarding policy delays?
(a) Textile sector
(b) Cement sector
(c) Refinery sector
(d) Banking sector
Explanation: Topline Securities reported that refinery stocks experienced selling pressure due to market speculation that the long-awaited refinery policy might face further delays. Other sectors like cement and textiles were noted for their potential to post strong earnings rather than facing policy-related selling pressure. [Source: https://www.dawn.com/news/2017214/psx-gains-2000-points-during-intraday-trade-as-oil-eases-amid-us-iran-mediation-efforts, 21 Jul 2026]
#1268
What was the closing value of the KSE-100 index on July 21, 2026?
(a) 176,133.56 points
(b) 178,370.45 points
(c) 177,000.00 points
(d) None of these
Explanation: The KSE-100 index closed at 176,133.56 points on July 21, 2026. The value 178,370.45 represents the intraday high reached earlier in the same session. [Source: https://www.dawn.com/news/2017214/psx-gains-2000-points-during-intraday-trade-as-oil-eases-amid-us-iran-mediation-efforts, 21 Jul 2026]
#1269
Brent crude futures rose by 1.8 percent to reach which price per barrel on July 21, 2026?
(a) 90.84 dollars
(b) 83.96 dollars
(c) 84.60 dollars
(d) 92.84 dollars
Explanation: Brent crude futures rose by $1.62, or 1.8 percent, to reach $90.84 per barrel. The other figures represent different oil contract prices mentioned in the market data. [Source: https://www.dawn.com/news/2017214/psx-gains-1200-points-during-intraday-trade-as-oil-eases-amid-us-iran-mediation-efforts, 21 Jul 2026]
#1270
Consider the following statements about the KSE-100 market session on July 21, 2026: 1. The market reached an intraday high of over 178,000 points. 2. Oil and gas exploration companies are expected to post stronger-than-usual results. 3. The market closed lower than its opening value. 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 high was 178,370.45. Statement 2 is correct as analysts cited optimism for oil and gas exploration earnings. Statement 3 is incorrect because the market closed with a gain of 205.83 points, meaning it closed higher than the previous session's close, and the prompt does not state it closed lower than the opening value. [Source: https://www.dawn.com/news/2017214/psx-gains-2000-points-during-intraday-trade-as-oil-eases-amid-us-iran-mediation-efforts, 21 Jul 2026]
#1271
Which sector specifically faced selling pressure on July 21, 2026, due to speculation regarding policy delays?
(a) Refinery stocks
(b) Textile manufacturing
(c) Cement production
(d) None of these
Explanation: Refinery stocks experienced significant selling pressure because of market speculation that the long-awaited refinery policy might face further delays. Other sectors like cement and textiles were actually expected to post strong earnings results. [Source: https://www.dawn.com/news/2017214/psx-gains-1200-points-during-intraday-trade-as-oil-eases-amid-us-iran-mediation-efforts, 21 Jul 2026]
#1272
Consider the following statements about the market performance on July 21, 2026: 1. The KSE-100 index opened in the green before experiencing a sharp dip after 12pm. 2. Global oil prices initially fell due to reports of mediation efforts between the US and Iran. 3. The market closed in the red after failing to recover from the midday selling pressure.
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) All three
Explanation: Statement 1 and 2 are factually correct. Statement 3 is incorrect because the index actually closed in the green with a gain of 205.83 points, despite the midday volatility. [Source: https://www.dawn.com/news/2017214/psx-gains-1200-points-during-intraday-trade-as-oil-eases-amid-us-iran-mediation-efforts, 21 Jul 2026]
#1273
What was the approximate price level of Brent crude per barrel in Asian trade on July 27, 2026, following the reported decline?
(a) Below $85
(b) Above $102
(c) Exactly $98
(d) Below $93
Explanation: Brent crude prices fell to below $93 per barrel after the US and Iran paused strikes. The $102 figure refers to the peak price reached during the previous week of heightened tensions. [Source: https://www.brecorder.com/news/40431972/indian-bonds-rebound-as-easing-middle-east-tensions-drag-oil-lower, 27 Jul 2026]
#1274
During his previous visit in April 2026, Finance Minister Aurangzeb discussed Pakistan's plans to return to international capital markets using which financial instruments?
(a) Green Bonds and Samurai Bonds
(b) Sovereign Sukuk and Treasury Bills
(c) Panda Bonds and Eurobonds
(d) Development Loans and Grants
Explanation: The Finance Minister briefed investors on plans to re-enter international capital markets specifically through the issuance of Panda Bonds and Eurobonds. These instruments are intended to diversify Pakistan's external financing sources. [Source: https://www.dawn.com/news/2016679/finance-minister-aurangzeb-arrives-in-us-on-3-day-visit-expected-to-hold-talks-on-trade-finance-investment, 19 Jul 2026]
#1275
Which sector was specifically identified as a primary contributor to the market recovery on July 21, 2026?
(a) Textile manufacturing
(b) Pharmaceutical production
(c) Banking and refinery
(d) Automobile assembly
Explanation: Banking and refinery stocks were the primary drivers of the late-session recovery, offsetting early losses. Other sectors like textiles or pharmaceuticals were not cited as the main contributors to the index's rebound. [Source: https://www.dawn.com/news/2017152/stocks-eke-out-gains-amid-extreme-volatility, 21 Jul 2026]
#1276
The intraday volatility on July 21, 2026, was primarily attributed to geopolitical tensions between which two nations?
(a) Pakistan and India
(b) Saudi Arabia and Yemen
(c) Russia and Ukraine
(d) United States and Iran
Explanation: The market volatility was explicitly linked to heightened tensions and exchanged strikes between the United States and Iran. This geopolitical friction caused a risk-off sentiment and an increase in international oil prices. [Source: https://www.dawn.com/news/2017152/stocks-eke-out-gains-amid-extreme-volatility, 21 Jul 2026]
#1277
Consider the following statements about the US-Pakistan trade negotiations as of July 2026: 1. Pakistan successfully negotiated a reduction in the initial IEEPA-based tariff from 29 per cent to 19 per cent in 2025. 2. The temporary global tariff of 10 per cent imposed under Section 122 is scheduled to expire on July 24, 2026. 3. India is currently facing a lower proposed tariff under Section 301 than Pakistan. 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 regarding the 2025 tariff reduction. Statement 2 is correct as the Section 122 tariff has a 150-day statutory limit expiring on July 24, 2026. Statement 3 is incorrect because India faces a 12.5% tariff, which is higher than Pakistan's 10%. [Source: https://www.dawn.com/news/2016679/finance-minister-aurangzeb-arrives-in-us-on-3-day-visit-expected-to-hold-talks-on-trade-finance-investment, 19 Jul 2026]
#1278
On April 18, 2026, the State Bank of Pakistan confirmed the repayment of how much debt to the United Arab Emirates?
(a) $1.5 billion
(b) $3.5 billion
(c) $2 billion
(d) $5 billion
Explanation: The State Bank of Pakistan officially announced on April 18, 2026, that the government had successfully repaid $2 billion to the UAE. While the total loan amount sought by the UAE was $3.5 billion, the specific payment confirmed on this date was $2 billion. [Source: https://www.dawn.com/news/1993003/sbp-says-govt-has-paid-2bn-to-uae, 18 Apr 2026]
#1279
What is the final value of the Eurobond issuance announced by the government on April 20, 2026?
(a) $500 million
(b) $750 million
(c) $1 billion
(d) $2 billion
Explanation: The government initially planned a $500 million issuance but exercised a green-shoe option to increase the total to $750 million due to high investor demand. The $500 million figure represents the initial amount, not the final upsized total. [Source: https://www.dawn.com/news/1993495/pakistan-increases-eurobond-from-500m-to-750m, 20 Apr 2026]
#1280
What was the approximate market value of CXMT Corp in US dollars following its debut on July 27, 2026?
(a) $243.26 billion
(b) $443.26 billion
(c) $343.26 billion
(d) $543.26 billion
Explanation: The market value of CXMT Corp reached over 3 trillion yuan, which is equivalent to approximately $443.26 billion. The other options represent incorrect valuations for this specific event. [Source: https://www.brecorder.com/news/40431979/china-stocks-rise-as-cxmts-debut-surge-revives-interest-in-battered-shares, 27 Jul 2026]