The government assigned the Oil and Gas Regulatory Authority (Ogra) the responsibility of determining fuel prices daily to align with international market trends. The State Bank and FBR do not manage retail fuel pricing. [Source: https://www.dawn.com/news/2019031/govt-increases-petrol-price-by-rs163-hsd-price-by-rs155, 28 Jul 2026]
63762
Which of the following statements regarding the fuel pricing policy in July 2026 is INCORRECT?
The All Pakistan Dealers Association rejected the daily pricing decision and threatened to protest, making statement B incorrect. The other statements accurately reflect the government's policy and the context of the price changes. [Source: https://www.dawn.com/news/2019031/govt-increases-petrol-price-by-rs163-hsd-price-by-rs155, 28 Jul 2026]
63763
The resignation of the Indian Education Minister in July 2026 was primarily triggered by failures in which sector?
The resignation followed repeated failures and paper leaks in competitive exams, such as the NEET, which caused widespread anger among students. The other options are unrelated to the specific portfolio of the Education Minister. [Source: https://www.dawn.com/news/2018741/indias-cockroach-janta-party-demands-release-of-protesters-after-reports-of-detention, 27 Jul 2026]
63764
In the context of fiscal stabilization policies, which mechanism is primarily employed by the government to manage aggregate demand?
Fiscal policy involves the use of government spending and taxation to influence economic conditions, particularly aggregate demand, employment, and inflation.
Economic stabilization policies, particularly monetary policy, are designed to mitigate cyclical fluctuations and maintain price stability to foster sustainable economic growth.
Which of the following agreements serves as the foundational legal framework for the protection of intellectual property rights within the global trade governance system?
The TRIPS Agreement establishes minimum standards for the regulation of intellectual property by national governments, integrating these standards into the WTO's multilateral trade framework.
In the context of fiscal federalism in Pakistan, which body is constitutionally mandated to recommend the distribution of financial resources between the federal government and the provinces?
The National Finance Commission (NFC) is the constitutional body responsible for determining the vertical and horizontal distribution of taxes and financial resources under the NFC Award.
The Consumer Price Index (CPI) is the standard macroeconomic indicator used to measure the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.
Contractionary monetary policy aims to reduce aggregate demand and curb inflation by increasing the cost of borrowing, typically achieved through raising the policy interest rate.
The inflation rate for June 2026 was reported at 11.1 percent, which remains significantly higher than the SBP's target range of 5-7 percent. This elevated inflation is a primary reason for the cautious monetary policy stance. [Source: https://www.dawn.com/news/2018929/policy-rate-pause-splits-stakeholders, 28 Jul 2026]
