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The MCQs below are drawn from the Current Affairs subject category.
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63201
Which of the following policy instruments is primarily utilized by the State Bank of Pakistan to achieve economic stabilization through the regulation of money supply?
Open market operations are a core monetary policy tool used by central banks to manage liquidity and stabilize the economy, distinct from fiscal policies managed by the Ministry of Finance.
Which of the following constitutional mechanisms is primarily designed to ensure the independence of the judiciary from the executive branch in Pakistan?
The Judicial Commission of Pakistan is a constitutional body responsible for the appointment of judges, serving as a mechanism to insulate judicial selection from direct executive control.
OGRA is the statutory body responsible for regulating the midstream and downstream petroleum sector, including the licensing and pricing oversight of oil and gas infrastructure, distinct from electricity (NEPRA) or fiscal policy (FBR/SBP).
Article 175 establishes the judiciary as a distinct branch of government, providing the constitutional basis for the Supreme Court and High Courts, whereas other articles define specific jurisdictions like original or writ jurisdiction.
Unlike the IMF, which focuses on short-term balance of payments, the World Bank focuses on long-term economic development and structural reforms, which are essential components of sustainable economic stabilization.
The Marrakesh Agreement transformed the GATT from a provisional treaty into a formal international organization (WTO) with a robust, legally binding dispute settlement system, marking a shift toward institutionalized trade governance.
Separation of powers is a constitutional doctrine that distributes governmental authority among the legislature, executive, and judiciary to ensure mutual oversight and prevent tyranny.
The IMF's core mandate is to ensure the stability of the international monetary system by overseeing exchange rates and providing short-term financial support to countries facing balance of payments crises, distinguishing it from development banks or trade organizations.
The National Electric Power Regulatory Authority (NEPRA) is the sole regulator responsible for issuing electricity distribution and supply licenses in Pakistan. The other options are regulatory bodies for different sectors. [Source: https://www.dawn.com/news/2018147/karachis-dha-city-becomes-first-private-entity-to-light-up-its-own-housing-project, 25 Jul 2026]
63210
Which of the following factors was primarily responsible for the pressure on Indian bond sentiment during the week ending July 24, 2026?
Surging oil prices and higher U.S. Treasury yields were the primary drivers of negative sentiment in the Indian bond market. Domestic political instability and tax revenue are not cited as factors in this context. [Source: https://www.brecorder.com/news/40431650/india-bonds-end-three-day-losing-streak-but-post-second-straight-weekly-decline, 24 Jul 2026]
