The NFC Award is a constitutional mechanism under Article 160 that mandates the periodic distribution of financial resources, specifically tax revenues, between the federal and provincial governments.
Consider the following statements about the banking situation in the West Bank:
1. The total annual transactions processed by Discount and Hapoalim for the Palestinian Authority amount to 51 billion shekels.
2. The Israeli government has consistently supported the Palestinian Authority's financial legitimacy without withholding tax revenues.
3. The Palestinian Monetary Authority argues that the disruption of banking channels will have profound consequences for regional stability.
Which of the statements given above is/are correct?
Statement 2 is incorrect because the Israeli Finance Minister has repeatedly withheld tax revenues and questioned the legitimacy of the Palestinian Authority. Statements 1 and 3 are accurate reflections of the current financial situation. [Source: https://www.dawn.com/news/2017988/2-israeli-banks-prepare-to-cut-ties-with-palestinians, 24 Jul 2026]
63213
Which Israeli official oversees the waiver mechanism that enables cooperation between Israeli and West Bank lenders?
The Israeli Finance Minister, currently Bezalel Smotrich, oversees the waiver mechanism that facilitates financial cooperation between the two regions. He has been a central figure in the recent friction regarding these banking ties. [Source: https://www.dawn.com/news/2017988/2-israeli-banks-prepare-to-cut-ties-with-palestinians, 24 Jul 2026]
63214
Who currently serves as the governor of the Palestinian Monetary Authority?
Yahya Shunnar is the governor of the Palestinian Monetary Authority who has publicly warned about the regional economic instability resulting from the severance of banking ties. Bezalel Smotrich is the Israeli Finance Minister. [Source: https://www.dawn.com/news/2017988/2-israeli-banks-prepare-to-cut-ties-with-palestinians, 24 Jul 2026]
63215
Which maritime chokepoint is identified as a primary cause for the recent global fuel supply crunch affecting Pakistan?
The Strait of Hormuz is the critical passage through which a significant portion of the world's oil and gas supply transits. Its disruption has directly impacted global energy supply chains and domestic fuel pricing in Pakistan. [Source: https://www.dawn.com/news/2002321/govt-reduces-petrol-by-rs6-per-litre-high-speed-diesel-by-rs68, 22 May 2026]
63216
Following the price adjustment announced on May 22, 2026, what is the new price of petrol per litre?
After the reduction of Rs6 per litre, the price of petrol was set at Rs403.78 per litre. High-speed diesel was set at Rs402.78 per litre. [Source: https://www.dawn.com/news/2002321/govt-reduces-petrol-by-rs6-per-litre-high-speed-diesel-by-rs68, 22 May 2026]
63217
According to the data for June 2026, which energy source contributed the largest percentage to the national power supply?
Hydropower provided 39% of the total electricity supply in June 2026, making it the largest contributor. Nuclear power followed at 13.5%, while other sources like wind and solar contributed significantly smaller percentages. [Source: https://www.dawn.com/news/2016204/power-companies-seek-rs120-per-unit-fuel-cost-adjustment-for-august, 17 Jul 2026]
63218
Which of the following statements regarding the fuel cost situation in June 2026 is INCORRECT?
Electricity consumption in June 2026 was 13,066 billion units, which is lower than the 13,310 billion units recorded in June 2025. Therefore, the statement claiming consumption was higher is incorrect. [Source: https://www.dawn.com/news/2016204/power-companies-seek-rs120-per-unit-fuel-cost-adjustment-for-august, 17 Jul 2026]
63219
Which of the following global governance institutions is primarily tasked with promoting international financial stability and facilitating the expansion of international trade through policy coordination?
While the WTO focuses on trade rules and the World Bank on development, the IMF is specifically mandated to ensure the stability of the international monetary system and coordinate macroeconomic policies.
Ms. Iva Petrova is the head of the IMF mission currently conducting the third review of the EFF and the second review of the RSF. Rashid Mehmood Langrial is the Chairman of the Federal Board of Revenue (FBR). [Source: https://www.dawn.com/news/1980722/govt-to-table-soe-bills-for-imf-compliance, 11 Mar 2026]
