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The MCQs below are drawn from the Current Affairs subject category.
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1671
In the context of economic stabilization policies, which of the following measures is typically associated with 'contractionary fiscal policy' aimed at reducing high inflation?
Contractionary fiscal policy involves reducing aggregate demand to cool down an overheating economy, which is achieved by cutting government spending or increasing taxes to reduce the budget deficit.
Which of the following multilateral development banks was established primarily to address infrastructure financing gaps in the Asia-Pacific region, operating outside the traditional Bretton Woods framework?
The Asian Infrastructure Investment Bank (AIIB) was established in 2016 as a multilateral development bank focused on infrastructure, distinct from the older Asian Development Bank (ADB) which was established in 1966 under different geopolitical conditions.
Which of the following institutions within the World Bank Group is primarily responsible for providing concessional loans and grants to the world's poorest developing countries?
The International Development Association (IDA) is the specific arm of the World Bank Group focused on providing interest-free loans and grants to low-income countries, distinguishing it from the IBRD which lends to middle-income countries.
The constitutional framework of Pakistan is predicated on the Separation of Powers, which delineates the boundaries of executive, legislative, and judicial authority to prevent the concentration of power.
The Supreme Judicial Council is the constitutional body mandated under Article 209 to inquire into the capacity or conduct of superior court judges, serving as a mechanism for judicial accountability.
Article 175A of the Constitution of Pakistan provides the comprehensive mechanism for the appointment of judges to the superior courts, involving both the Judicial Commission and the Parliamentary Committee.
The Judicial Commission of Pakistan, established under Article 175A, is the primary constitutional body tasked with the nomination and recommendation of judges for the Supreme Court and High Courts.
The IsDB is a multilateral development finance institution that provides financing for development projects in member countries, adhering to Islamic financial principles.
The government's commitment to IMF programs was reinforced by specific rating upgrades from Fitch and Moody's, which helped improve the overall investment climate. [Source: https://www.dawn.com/news/2011978/govt-expects-easing-inflationary-pressure-in-new-fiscal-year-following-reopening-of-strait-of-hormuz, 30 Jun 2026]
1680
Which of the following is NOT a stated objective of the Islamabad Memorandum of Understanding?
The MoU focuses on de-escalation, nuclear non-proliferation, and maritime access; it does not include the integration of Iranian military forces into US command structures. The other three options are core components of the agreement. [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]
