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The MCQs below are drawn from the Business Administration subject category.
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1331
Which of the following institutional mechanisms is primarily responsible for the administration of the Marrakesh Agreement?
The Marrakesh Agreement established the World Trade Organization (WTO) as the permanent institutional framework for the multilateral trading system, replacing the provisional GATT structure.
The WTO's core mandate is to facilitate the implementation, administration, and operation of the covered agreements, providing a forum for trade negotiations and dispute settlement, distinct from the financial mandates of the IMF or World Bank.
Which of the following constitutional provisions empowers the Majlis-e-Shoora (Parliament) to formulate rules of procedure for the conduct of its business, including the establishment of standing committees?
Article 67 of the Constitution of the Islamic Republic of Pakistan explicitly grants each House of Parliament the authority to make rules for regulating its procedure and the conduct of its business, which serves as the legal basis for the committee system.
Which article of the Constitution of Pakistan provides the legal basis for the Parliament to establish standing committees to regulate its legislative and oversight functions?
Article 67 of the Constitution of Pakistan empowers each House of Parliament to make rules for regulating its procedure and the conduct of its business, which includes the formation of standing committees.
The bank's board determined that executives engaged in business overreach and subsequently issued warning letters along with a penalty of 100,000 rupees each. This action was taken to address regulatory non-compliance without finding evidence of personal gain. [Source: https://www.brecorder.com/news/40432017/indias-hdfc-bank-finds-no-improper-motive-in-deposit-pricing-review-penalises-executives, 27 Jul 2026]
1336
The total additional financial burden proposed to be recovered from consumers through the August 2026 bills is:
The petition filed by the power companies aims to recover an additional Rs15.7 billion from consumers across all power utilities, including ex-Wapda Discos and K-Electric, to offset the higher fuel costs. [Source: https://www.dawn.com/news/2016204/power-companies-seek-rs120-per-unit-fuel-cost-adjustment-for-august, 17 Jul 2026]
1337
Consider the following statements about the geopolitical situation reported on July 17, 2026:
1. The US Central Command reported a sixth consecutive night of strikes against Iranian military capabilities.
2. Qatar's defence ministry reported thwarting an Iranian missile attack.
3. Both Brent and WTI crude benchmarks have seen a decline of nearly 12 percent over the week.
Which of the statements given above is/are correct?
Statements 1 and 2 are correct based on the report. Statement 3 is incorrect because the benchmarks climbed nearly 12 percent, rather than declining. [Source: https://www.dawn.com/news/2016168/oil-rises-on-intensifying-us-iran-hostilities-threat-of-red-sea-closure, 17 Jul 2026]
1338
Which regulatory body is responsible for conducting the public hearing regarding the fuel cost adjustment petition?
NEPRA is the statutory body mandated to regulate the electricity sector in Pakistan, including the approval of fuel cost adjustments. OGRA regulates the oil and gas sector, while SECP oversees corporate entities. [Source: https://www.dawn.com/news/2016204/power-companies-seek-rs120-per-unit-fuel-cost-adjustment-for-august, 17 Jul 2026]
1339
Consider the following statements about the energy sector performance in June 2026:
1. The price of Regasified Liquefied Natural Gas (RLNG) nearly doubled compared to the same month in the previous year.
2. Nuclear power generation was identified as a zero-fuel-cost energy source.
3. The fuel cost for imported coal was significantly higher than the fuel cost for local coal.
Statement 1 is correct as RLNG prices rose sharply. Statement 3 is correct as imported coal cost Rs16.65 per unit versus Rs11.5 per unit for local coal. Statement 2 is incorrect because nuclear power has a reported fuel cost of Rs2.85 per unit, unlike hydropower which is a zero-fuel-cost source. [Source: https://www.dawn.com/news/2016204/power-companies-seek-rs120-per-unit-fuel-cost-adjustment-for-august, 17 Jul 2026]
1340
Which of the following international organizations is primarily responsible for the regulation of international trade through the administration of multilateral agreements?
The World Trade Organization is the global governance institution that oversees the rules of trade between nations, distinct from the financial oversight mandates of the IMF or World Bank.
