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.
#13921
The benchmark palm oil contract for October delivery is traded on which exchange?
(a) Dalian Commodity Exchange
(b) Chicago Board of Trade
(c) Bursa Malaysia Derivatives Exchange
(d) Singapore Exchange
Explanation: The benchmark palm oil contract is traded on the Bursa Malaysia Derivatives Exchange. The Chicago Board of Trade and Dalian Commodity Exchange are venues for rival oils like soyoil. [Source: https://www.brecorder.com/news/40431640/palm-oil-hits-15-week-high-posts-third-weekly-gain, 24 Jul 2026]
#13922
Which instrument did the Reserve Bank of India likely use to offset the liquidity impact of its spot market dollar sales on July 24, 2026?
(a) Adjustment of the statutory liquidity ratio
(b) Direct purchase of government bonds
(c) Far tenor dollar-rupee buy/sell swaps
(d) Issuance of new treasury bills
Explanation: To manage the liquidity drain caused by selling dollars in the spot market, the central bank utilized far tenor dollar-rupee buy/sell swaps. This allows the bank to stabilize the currency without permanently tightening domestic rupee liquidity. [Source: https://www.brecorder.com/news/40431635/intervention-shields-indian-rupee-in-face-of-oil-hedging-strain, 24 Jul 2026]
#13923
What was the approximate value of net weekly forward dollar buying by merchants in the week ending July 17, 2026?
(a) 3.1 billion dollars
(b) 11.1 billion dollars
(c) 9.1 billion dollars
(d) 7.1 billion dollars
Explanation: Clearing house data indicated that merchant forward dollar buying rebounded to approximately 7.1 billion dollars in the week ending July 17, 2026. This increased hedging activity contributed to the downward pressure on the rupee. [Source: https://www.brecorder.com/news/40431635/intervention-shields-indian-rupee-in-face-of-oil-hedging-strain, 24 Jul 2026]
#13924
Which of the following is NOT a factor contributing to the pressure on the Indian rupee as of July 24, 2026?
(a) Excessive foreign direct investment inflows
(b) Weak domestic equities
(c) Increased corporate hedging
(d) High global oil prices
Explanation: Excessive foreign direct investment inflows typically strengthen a currency rather than weaken it. The other three factors—oil prices, weak equities, and corporate hedging—are explicitly cited as sources of downward pressure on the rupee. [Source: https://www.brecorder.com/news/40431635/intervention-shields-indian-rupee-in-face-of-oil-hedging-strain, 24 Jul 2026]
#13925
Which regulatory body is responsible for setting daily petroleum prices under the new mechanism introduced on July 25, 2026?
(a) State Bank of Pakistan
(b) Competition Commission of Pakistan
(c) Ministry of Finance
(d) Oil and Gas Regulatory Authority
Explanation: The Oil and Gas Regulatory Authority (OGRA) is the designated body tasked with setting daily fuel prices using Platts benchmark rates. This shift is intended to reduce political interference and ensure transparency in the pricing structure. [Source: https://www.dawn.com/news/2018248/daily-fuel-pricing, 25 Jul 2026]
#13926
What is the total amount of the fine imposed by the European Commission on Google for breaching the Digital Markets Act in July 2026?
(a) 460 million euros
(b) 430 million euros
(c) 1.2 billion euros
(d) 890 million euros
Explanation: The European Commission issued two separate fines of 460 million euros and 430 million euros, totaling 890 million euros. This represents the first penalty imposed on Google under the Digital Markets Act. [Source: https://www.dawn.com/news/2018219/trump-says-eu-to-pay-very-big-price-for-google-fine, 25 Jul 2026]
#13927
Which organization hosted the seminar titled 'Enhancing Pak-Libya Trade and Economic Cooperation' in 2026?
(a) Federation of Pakistan Chambers of Commerce and Industry
(b) Lahore Chamber of Commerce and Industry
(c) Karachi Chamber of Commerce and Industry
(d) Islamabad Chamber of Commerce and Industry
Explanation: The seminar was hosted by the Lahore Chamber of Commerce and Industry (LCCI) to discuss bilateral economic ties. The other chambers are distinct entities not mentioned as the hosts of this specific event. [Source: https://www.brecorder.com/news/40431795/pak-workforce-in-libya-declines-by-78pc-envoy, 25 Jul 2026]
#13928
Who is the Ambassador-designate of Pakistan to Libya as of July 2026?
(a) Maj-Gen (r) Mumtaz Hussain
(b) Lt-Gen (r) Asim Munir
(c) Maj-Gen (r) Faisal Shahkar
(d) None of these
Explanation: Maj-Gen (r) Mumtaz Hussain was identified as the Ambassador-designate to Libya during a seminar at the LCCI. The other names are not associated with this diplomatic appointment. [Source: https://www.brecorder.com/news/40431795/pak-workforce-in-libya-declines-by-78pc-envoy, 25 Jul 2026]
#13929
Which of the following statements regarding the gold market in Pakistan on July 25, 2026, is INCORRECT?
(a) The price of silver per tola increased by Rs12.
(b) The international gold price experienced a gain of $3 per ounce.
(c) The price of 10-gram gold increased by Rs257.
(d) The gold price per tola reached Rs427,736.
Explanation: The price of silver actually decreased by Rs12, not increased. Options A, B, and D are all factually correct statements regarding the market data for that date. [Source: https://www.brecorder.com/news/40431764/gold-price-per-tola-gains-rs300-in-pakistan, 25 Jul 2026]
#13930
Consider the following statements about the market conditions in Pakistan on July 25, 2026: 1. The gold price per tola reached Rs427,736. 2. The international gold market saw a price increase of $3 per ounce. 3. The silver price per tola increased by Rs12. 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 price reached Rs427,736. Statement 2 is correct as the international rate rose by $3. Statement 3 is incorrect because the price of silver decreased, not increased. [Source: https://www.brecorder.com/news/40431764/gold-price-per-tola-gains-rs300-in-pakistan, 25 Jul 2026]
#13931
The Pakistani workforce in Libya has experienced a decline of what percentage according to the 2026 report?
(a) 78 percent
(b) 65 percent
(c) 82 percent
(d) 90 percent
Explanation: The Ambassador-designate explicitly stated that the Pakistani workforce in Libya has declined by 78 percent. This figure serves as the primary metric for the need to revitalize labor and trade relations. [Source: https://www.brecorder.com/news/40431795/pak-workforce-in-libya-declines-by-78pc-envoy, 25 Jul 2026]
#13932
Consider the following statements about Pak-Libya relations as of 2026: 1. Pakistan maintains a strong presence in Libya through defense cooperation. 2. The Ambassador-designate advocates for chamber-to-chamber engagement to boost trade. 3. The Pakistani government has officially announced a total ban on labor migration to Libya. 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 Ambassador's remarks regarding defense ties and trade facilitation. Statement 3 is incorrect as the report focuses on reversing the decline in the workforce, not imposing a ban. [Source: https://www.brecorder.com/news/40431795/pak-workforce-in-libya-declines-by-78pc-envoy, 25 Jul 2026]
#13933
Who is the current Governor of Khyber Pakhtunkhwa as of July 2026?
(a) Ali Amin Gandapur
(b) Faisal Karim Kundi
(c) Mushtaq Ghani
(d) None of these
Explanation: Faisal Karim Kundi is the incumbent Governor of Khyber Pakhtunkhwa. Ali Amin Gandapur is the Chief Minister of the province, making him a common distractor in provincial governance questions. [Source: https://www.brecorder.com/news/40431814/governor-kp-vows-to-help-resolve-issues-facing-traders, 25 Jul 2026]
#13934
Which organization's delegation met with the Governor of Khyber Pakhtunkhwa to discuss trade-related issues in July 2026?
(a) Khyber Pakhtunkhwa Chamber of Commerce
(b) Peoples Business Forum
(c) Sarhad Chamber of Commerce and Industry
(d) All Pakistan Traders Association
Explanation: The delegation was led by Maulana Abdul Wali Gul Turabi representing the Peoples Business Forum. The other options represent established trade bodies often involved in provincial policy discussions. [Source: https://www.brecorder.com/news/40431814/governor-kp-vows-to-help-resolve-issues-facing-traders, 25 Jul 2026]
#13935
According to the Exchange Companies Association of Pakistan, what was the primary driver for the decline in dollar sales to banks during the first 10 months of 2026?
(a) Increased investment in domestic manufacturing
(b) Diversion of funds into cryptocurrency trading
(c) Sharp rise in official export-led remittances
(d) Government-imposed limits on foreign currency accounts
Explanation: The chairman of the Exchange Companies Association of Pakistan noted that billions of dollars were diverted from the banking system into illegal cryptocurrency investments. This outflow contributed to the reduction in dollar sales to banks. [Source: https://www.dawn.com/news/2018391/war-dries-up-unofficial-dollar-inflows, 26 Jul 2026]
#13936
Consider the following statements regarding the Governor's remarks on July 25, 2026: 1. The Governor suggested that importing wheat from abroad could be considered if necessary. 2. The Governor emphasized the need for effective utilization of the province's mineral resources. 3. The Governor announced the immediate abolition of all provincial taxes on traders. 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 accurate reflections of the Governor's policy stance. Statement 3 is incorrect as the Governor pledged to take up tax relief issues with relevant authorities, not to unilaterally abolish taxes. [Source: https://www.brecorder.com/news/40431814/governor-kp-vows-to-help-resolve-issues-facing-traders, 25 Jul 2026]
#13937
Consider the following statements about the geopolitical situation in July 2026: 1. The United States military presented a plan for a 14th night of strikes to President Trump. 2. Greek personnel operating a surface-to-air battery in Saudi Arabia intercepted ballistic missiles. 3. The conflict has had no impact on the global economy or the approval ratings of the US administration. 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 accurate based on the reports of the 14th night of strikes and the Greek air force's role in Saudi Arabia. Statement 3 is incorrect because the conflict has caused shocks to the global economy and is weighing on the US administration's approval ratings. [Source: https://www.dawn.com/news/2018487/us-holds-fire-against-iran-as-reports-of-concerns-over-of-dwindling-munitions-emerge, 26 Jul 2026]
#13938
The Virtual Assets Act 2026 was passed to regulate which of the following sectors in Pakistan?
(a) Cryptocurrency and digital asset providers
(b) Traditional textile export manufacturing
(c) Informal hundi and hawala networks
(d) Cross-border physical commodity trade
Explanation: The Virtual Assets Act 2026 provides a regulatory framework for licensed virtual asset providers, allowing banks to facilitate services for the sector. This is distinct from the informal hundi/hawala systems which remain illegal. [Source: https://www.dawn.com/news/2018391/war-dries-up-unofficial-dollar-inflows, 26 Jul 2026]
#13939
Which of the following statements regarding the Virtual Assets Act 2026 is INCORRECT?
(a) It allows regulated banks to open accounts for entities registered under the Pakistan Virtual Assets Regulatory Authority.
(b) It establishes a framework for licensed virtual asset providers to operate within the formal financial system.
(c) It was passed in the same year that Pakistan lifted its eight-year ban on crypto-related banking activity.
(d) It permits banks to use customer deposits to trade or invest in digital assets for profit.
Explanation: The Act explicitly prohibits banks from using their own capital or customer deposits to trade, hold, or invest in digital assets. Therefore, is the incorrect statement. [Source: https://www.dawn.com/news/2018391/war-dries-up-unofficial-dollar-inflows, 26 Jul 2026]
#13940
What is the target valuation for The Boring Company in the funding negotiations reported on 2026-07-26?
(a) $5.7 billion
(b) $10 billion
(c) $25 billion
(d) $20 billion
Explanation: The Boring Company is in talks to raise funding that would bring its valuation to approximately $20 billion. The $5.7 billion figure represents the company's previous valuation from 2022. [Source: https://www.dawn.com/news/2018386/elon-musks-firm-eyes-20-billion-valuation, 26 Jul 2026]