October 2026 Edition
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October 2026 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#761
Which of the following statements regarding the 2026 mobile phone customs valuation is INCORRECT?
(a) The new valuation applies to commercial quantities of used phones without accessories.
(b) The ruling preserves the framework for six-month activation and freight adjustment.
(c) The revision was aimed at lowering the tax burden for all imported mobile handsets.
(d) The Directorate held a stakeholder meeting on April 13, 2026, before finalizing the ruling.
Explanation: The revision was aimed at aligning assessed values with market rates, which resulted in higher duty and tax incidence per handset, not a reduction. Options A, B, and D are factually correct descriptions of the regulatory process. [Source: https://www.dawn.com/news/1994373/customs-increases-import-valuation-for-62-old-and-used-mobile-phone-models, 23 Apr 2026]
#762
The Oil and Gas Regulatory Authority (Ogra) notified an increase in the price of RLNG in April 2026 by what percentage range?
(a) 19-22 per cent
(b) 10-15 per cent
(c) 25-30 per cent
(d) 35-40 per cent
Explanation: Ogra notified a 19-22 per cent increase in RLNG prices due to higher terminal charges and lower import volumes. This adjustment reflects the rising costs of energy procurement in the current fiscal environment. [Source: https://www.dawn.com/news/1998447/pakistan-turns-down-two-lowest-evaluated-lng-bids, 07 May 2026]
#763
Which of the following statements regarding the LNG procurement process in May 2026 is INCORRECT?
(a) PLL floated urgent tenders on a 36-hour notice.
(b) The tenders were issued to address power shortfalls.
(c) Qatar has maintained full supply capacity to Pakistan despite regional tensions.
(d) TotalEnergies submitted a bid priced at $16.98 per mmBtu.
Explanation: Qatar declared force majeure on its global LNG contracts, including those with Pakistan, due to the closure of the Strait of Hormuz. Therefore, the statement that Qatar maintained full supply capacity is false. [Source: https://www.dawn.com/news/1998447/pakistan-turns-down-two-lowest-evaluated-lng-bids, 07 May 2026]
#764
The total value of mobile phone imports in Pakistan during the first nine months of the fiscal year 2026 reached:
(a) $1.129 billion
(b) $1.444 billion
(c) $1.650 billion
(d) None of these
Explanation: Mobile phone imports grew by 27.84 percent to $1.444 billion during the first nine months of the current fiscal year. The figure $1.129 billion represents the import value for the same period in the previous year. [Source: https://www.dawn.com/news/1994373/customs-increases-import-valuation-for-62-old-and-used-mobile-phone-models, 23 Apr 2026]
#765
Consider the following statements about the 2026 cotton season: 1. The national cotton arrivals increased by 77.3 percent by July 15, 2026. 2. The Central Cotton Research Institute (CCRI) is located in Multan. 3. Weather fluctuations have had no impact on cotton growth in southern 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 is correct as per the PCGA report. Statement 2 is correct as the CCRI is based in Multan. Statement 3 is incorrect because the report explicitly mentions that growth in southern Punjab slowed due to weather fluctuations. [Source: https://www.dawn.com/news/2016601/early-cotton-arrivals-hit-record-527900-bales, 19 Jul 2026]
#766
Consider the following statements about the 2026 customs valuation revision: 1. The revision specifically targets older and used mobile phone models. 2. Samsung devices recorded some of the steepest increases, particularly in the S10 and S21 series. 3. The valuation ruling was issued by the FBR on April 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 accurate. The ruling targets 62 older/used models, Samsung's older premium series saw significant jumps, and the ruling was officially issued on the specified date of April 23, 2026. [Source: https://www.dawn.com/news/1994373/customs-increases-import-valuation-for-62-old-and-used-mobile-phone-models, 23 Apr 2026]
#767
What was the primary reason for the disruption of LNG supplies from Qatar to Pakistan in early 2026?
(a) Technical issues at the Qatari liquefaction plant
(b) Failure of the regasification terminals
(c) Default on payment by the government
(d) Closure of the Strait of Hormuz
Explanation: The closure of the Strait of Hormuz, a vital maritime chokepoint, prevented LNG-loaded vessels from reaching their destinations, forcing Qatar to declare force majeure. [Source: https://www.dawn.com/news/1994734/pakistan-secures-3-bids-for-spot-lng-cargoes, 24 Apr 2026]
#768
What is the primary geopolitical reason cited for the disruption of LNG supplies to Pakistan in 2026?
(a) Closure of the Strait of Hormuz
(b) Sanctions on the Suez Canal
(c) Blockade of the Bab-el-Mandeb Strait
(d) None of these
Explanation: The closure of the Strait of Hormuz following regional military escalations has prevented LNG-loaded vessels from reaching their destinations, forcing suppliers like Qatar to declare force majeure. [Source: https://www.dawn.com/news/1998447/pakistan-turns-down-two-lowest-evaluated-lng-bids, 07 May 2026]
#769
Which of the following companies did NOT submit a successful bid for the spot LNG cargoes in the April 2026 tender?
(a) TotalEnergies
(b) Vitol Bahrain
(c) OQ Trading
(d) Trafigura
Explanation: TotalEnergies, Vitol Bahrain, and OQ Trading were the three companies that secured the lowest bids. Trafigura was not among the successful bidders mentioned in the tender results. [Source: https://www.dawn.com/news/1994734/pakistan-secures-3-bids-for-spot-lng-cargoes, 24 Apr 2026]
#770
Consider the following statements about the LNG supply situation in 2026: 1. The Power Division requested 400 million mmcfd of LNG to mitigate summer loadshedding. 2. PLL successfully imported eight cargoes in March 2026 to stabilize the market. 3. The basket RLNG price in March 2026 was based on only two cargoes. 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 Power Division requested 400 million mmcfd. Statement 3 is correct as the basket price was based on only two cargoes in March. Statement 2 is incorrect because imports were significantly lower than eight cargoes due to force majeure. [Source: https://www.dawn.com/news/1998447/pakistan-turns-down-two-lowest-evaluated-lng-bids, 07 May 2026]
#771
Given the events reported on August 11, 2026, identify the correct chronological order of the following developments as they pertain to the broader Pakistani socio-economic and institutional framework (assuming sequential reporting across regional sectors):
(a) 1. Remittances data release -> 2. Balochistan housing funds controversy -> 3. High Court judicial appointments -> 4. Fuel price adjustments
(b) 1. Balochistan housing funds controversy -> 2. Remittances data release -> 3. Fuel price adjustments -> 4. High Court judicial appointments
(c) 1. High Court judicial appointments -> 2. Fuel price adjustments -> 3. Remittances data release -> 4. Balochistan housing funds controversy
(d) 1. Remittances data release -> 2. Balochistan housing funds controversy -> 3. Fuel price adjustments -> 4. High Court judicial appointments
Explanation: Based on the provided event sequence and reporting metadata, the flow of policy-related updates on August 11, 2026, began with external economic inflows (remittances), followed by fiduciary concerns (Balochistan), then judicial administrative updates, and finally, energy-sector fiscal adjustments. [Source: https://www.dawn.com/news/2022042/remittances-rise-13pc-to-36bn-in-july]
#772
Consider the following statements about the impact of rising fuel costs in March 2026: 1. Jet fuel accounts for 30-40% of airline operating expenses. 2. Domestic and international airfares have increased by 30-40% due to fuel costs. 3. The government has decided to permanently abolish the petroleum levy to provide relief to consumers. 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 report. Statement 3 is incorrect because the government has actually protected its petroleum levy targets despite the subsidies provided. [Source: https://www.dawn.com/news/1985067/govt-may-have-to-unfreeze-fuel-prices-amid-global-surge, 25 Mar 2026]
#773
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]
#774
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]
#775
All of the following are TRUE regarding the 2026 Strait of Hormuz situation EXCEPT:
(a) The US President claimed that many countries would send warships to the region.
(b) The US President stated that the US would bomb the shoreline and target Iranian boats.
(c) The White House did not immediately confirm if other nations had agreed to send ships.
(d) The Iranian leadership explicitly rejected the use of the strait as a pressure lever.
Explanation: The Iranian leadership, specifically the new supreme leader, stated that the lever of blocking the strait must be used, making false. The other statements accurately reflect the content of the report. [Source: https://www.dawn.com/news/1982096/trump-claims-many-countries-will-send-warships-to-keep-strait-of-hormuz-open, 14 Mar 2026]
#776
Consider the following statements about the energy crisis discussed in the March 2026 hearing: 1. The Strait of Hormuz historically accounts for 20 percent of global LNG and a quarter of seaborne oil. 2. The CPPA Chief stated that LNG-based plants can easily be run on domestic gas diverted from older fields. 3. Providing electricity from the national grid to K-Electric is described as beneficial for overall consumer costs.
(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) All three
Explanation: Statement 2 is false because the CPPA chief explicitly stated that LNG-based plants cannot be run on domestic gas through diversion from older plants. Statements 1 and 3 are factually accurate based on the provided text. [Source: https://www.dawn.com/news/1987262/lng-supplies-under-force-majeure-not-available-for-power-generation-say-officials, 31 Mar 2026]
#777
On March 14, 2026, which US President claimed that multiple countries would deploy warships to maintain the openness of the Strait of Hormuz?
(a) Joe Biden
(b) Donald Trump
(c) Barack Obama
(d) None of these
Explanation: Donald Trump made the statement regarding the deployment of international warships to the Strait of Hormuz on March 14, 2026. The other listed individuals were not the serving US President on that date. [Source: https://www.dawn.com/news/1982096/trump-claims-many-countries-will-send-warships-to-keep-strait-of-hormuz-open, 14 Mar 2026]
#778
Consider the following statements about the Strait of Hormuz and the 2026 geopolitical developments: 1. The Strait of Hormuz connects the Persian Gulf to the Gulf of Oman. 2. The US President claimed that the United States would refrain from military action while waiting for international support. 3. The Iranian leadership indicated that blocking the strait is a strategic tool to exert pressure on Washington. 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 geographically correct. Statement 2 is false because the US President explicitly stated the US would be 'bombing the hell out of the shoreline' and shooting Iranian boats. Statement 3 is correct as it reflects the stated intent of the Iranian leadership. [Source: https://www.dawn.com/news/1982096/trump-claims-many-countries-will-send-warships-to-keep-strait-of-hormuz-open, 14 Mar 2026]
#779
Which of the following statements regarding the fuel supply situation in July 2026 is INCORRECT?
(a) Diesel stocks were maintained at a 21-day cover.
(b) Petrol consumption increased by 18-20 per cent in the first half of July.
(c) Local refineries are capable of supplying the entire daily national demand for petrol.
(d) The NCMC is a civil-military body focused on energy supplies.
Explanation: Local refineries can only supply about 9,000 tonnes of petrol per day, while daily consumption is approximately 25,000 tonnes, making the statement about them meeting the entire demand false. The other statements accurately reflect the data provided in the report. [Source: https://www.dawn.com/news/2015959/oil-industry-prompts-government-to-discourage-hoarding-as-petrol-stocks-decline-to-14-day-cover, 16 Jul 2026]
#780
Which regulatory body conducted the public hearing regarding the unavailability of LNG supplies on March 31, 2026?
(a) National Electric Power Regulatory Authority (NEPRA)
(b) Oil and Gas Regulatory Authority (OGRA)
(c) Private Power and Infrastructure Board (PPIB)
(d) None of these
Explanation: The hearing regarding the fuel supply situation and power generation constraints was held by the National Electric Power Regulatory Authority (NEPRA). [Source: https://www.dawn.com/news/1987262/lng-supplies-under-force-majeure-not-available-for-power-generation-say-officials, 31 Mar 2026]