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The MCQs below are drawn from the Current Affairs subject category.
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1621
Consider the following statements about the diplomatic developments in June 2026:
1. The Lake Lucerne Summit was held in Switzerland to facilitate US-Iran negotiations.
2. The Islamabad MoU includes a 14-point framework for regional stability.
3. President Masoud Pezeshkian visited Pakistan for the first time in his capacity as President during this June 2026 trip.
Which of the statements given above is/are correct?
Statements 1 and 2 are correct regarding the summit location and the MoU framework. Statement 3 is incorrect because the Foreign Office explicitly noted that this visit was Dr. Pezeshkian's second visit to Pakistan in his capacity as President. [Source: https://www.dawn.com/news/2010038/iran-president-masoud-pezeshkian-to-visit-pakistan-on-tuesday-fo, 22 Jun 2026]
1622
Which of the following institutions is primarily responsible for the administration of fiscal laws and the collection of federal taxes in Pakistan?
The Federal Board of Revenue (FBR) is the apex federal agency tasked with the administration of fiscal policy, tax collection, and the enforcement of revenue-related legislation within the constitutional framework of Pakistan.
In the context of global governance institutions, which entity serves as the primary forum for central bank cooperation and financial stability regulation?
The Bank for International Settlements (BIS) acts as a bank for central banks and a hub for international cooperation on financial stability, distinct from the lending mandates of the IMF or World Bank.
Consider the following statements about the diplomatic developments between the US and Iran in 2026:
1. Iran's Deputy Foreign Minister confirmed that negotiations for a final deal have already concluded.
2. The US and Iran held direct high-level talks at the Lake Lucerne Summit.
3. Both sides have exchanged fire in the Gulf since the signing of the US-Iran deal on June 18, 2026.
Which of the statements given above is/are correct?
Statement 1 is incorrect because Iran's Deputy Foreign Minister stated that negotiations for a final deal have not yet begun. Statements 2 and 3 are factually accurate regarding the summit history and the ongoing military tensions. [Source: https://www.dawn.com/news/2012207/trump-says-us-getting-along-well-with-iran-as-both-countries-hold-indirect-talks-in-qatar, 01 Jul 2026]
1625
Consider the following statements about the Gilgit-Baltistan Assembly session held on June 22, 2026:
1. The assembly session was presided over by the outgoing Speaker, Advocate Nazir Ahmed.
2. The election for the Chief Minister, Speaker, and Deputy Speaker was conducted on the same day.
3. The PPP and PML-N formed a formal coalition government where both parties share cabinet ministries equally.
Which of the statements given above is/are correct?
Statements 1 and 2 are correct as the outgoing speaker administered the oaths and suspended rules to conduct all elections on the same day. Statement 3 is incorrect because, while the PML-N supported the PPP's leadership candidates, the parties agreed that the PML-N would sit in the opposition. [Source: https://www.dawn.com/news/2009973/ppps-amjad-hussain-elected-as-gb-chief-minister-after-members-take-oath, 22 Jun 2026]
1626
Consider the following statements about the R-4 meeting held on June 21, 2026:
1. The ministers reaffirmed the Palestinian cause as a central pillar for regional stability.
2. The meeting took place in Switzerland to facilitate direct US-Iran negotiations.
3. The ministers emphasized the need for a swift conclusion to the subsequent phase of US-Iran talks.
Which of the statements given above is/are correct?
Statement 1 is correct as the ministers reaffirmed the Palestinian cause. Statement 3 is correct as the ministers stressed the need for a swift conclusion to the next phase of negotiations. Statement 2 is incorrect because the R-4 meeting was held in Cairo, while the technical talks involving the US and Iran were held in Switzerland. [Source: https://www.dawn.com/news/2009729/pakistan-saudi-arabia-turkiye-egypt-stress-importance-of-swift-conclusion-to-current-phase-of-us-iran-talks, 21 Jun 2026]
1627
Which of the following is NOT a stated concern or priority mentioned in the R-4 joint statement regarding the US-Iran de-escalation?
The joint statement focuses on de-escalation, regional security, and trade stability; it does not advocate for the expansion of nuclear enrichment facilities. The other options are explicitly cited as areas of concern that the de-escalation process aims to protect. [Source: https://www.dawn.com/news/2009729/pakistan-saudi-arabia-turkiye-egypt-stress-importance-of-swift-conclusion-to-current-phase-of-us-iran-talks, 21 Jun 2026]
1628
Who extended the official invitation to Iranian President Masoud Pezeshkian for his visit to Pakistan on June 23, 2026?
The Foreign Office confirmed that the visit of President Pezeshkian was conducted at the invitation of Prime Minister Shehbaz Sharif. While President Zardari is scheduled to meet the visiting dignitary, the invitation originated from the Prime Minister's office. [Source: https://www.dawn.com/news/2010038/iran-president-masoud-pezeshkian-to-visit-pakistan-on-tuesday-fo, 22 Jun 2026]
1629
Under the Constitution of Pakistan, which provision establishes the binding nature of Supreme Court decisions on all other courts in the country, thereby ensuring judicial consistency?
Article 189 of the Constitution of Pakistan mandates that any decision of the Supreme Court, to the extent that it decides a question of law or is based upon or enunciates a principle of law, shall be binding on all other courts in Pakistan.
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank designed to provide financing for infrastructure projects, distinguishing it from regulatory or trade-focused global governance bodies.
