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The MCQs below are drawn from the Current Affairs subject category.
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64021
Which of the following constitutional provisions in the Constitution of Pakistan explicitly mandates the state to secure the social and economic well-being of the people by raising the standard of living?
Article 38 of the Constitution of Pakistan outlines the Principles of Policy, specifically mandating the state to secure the well-being of the people by preventing the concentration of wealth and providing basic necessities such as food, clothing, housing, and education.
High-speed diesel reached its peak price of Rs520.35 per litre on April 3, 2026, during the height of the energy crisis. Rs458.41 was the peak price for petrol on the same date. [Source: https://www.dawn.com/news/2009236/pm-shehbaz-announces-reduction-in-prices-of-petrol-by-rs74-diesel-by-rs67, 19 Jun 2026]
64023
Which global geopolitical event was primarily responsible for the energy crunch and subsequent fuel price hikes in Pakistan during early 2026?
The energy crunch was driven by the US-Iran war and the resulting blockade of the Strait of Hormuz, which disrupted global oil shipping. The other options refer to different global logistical or geopolitical issues not cited as the cause of the 2026 fuel crisis. [Source: https://www.dawn.com/news/2009236/pm-shehbaz-announces-reduction-in-prices-of-petrol-by-rs74-diesel-by-rs67, 19 Jun 2026]
64024
Which of the following institutional mechanisms is central to the operational mandate of the South Asian Association for Regional Cooperation (SAARC)?
SAARC was established to foster regional cooperation in South Asia, focusing on economic growth, social progress, and cultural development rather than supranational political or military integration.
Under the Constitution of Pakistan, which body is primarily responsible for the oversight of federal financial management and the Federal Consolidated Fund?
Article 78 of the Constitution of Pakistan establishes the Federal Consolidated Fund, and the National Assembly exercises constitutional oversight over the appropriation and expenditure of these funds.
Consider the following statements about the fuel price situation in 2026:
1. The peak prices for both petrol and diesel were recorded on April 3, 2026.
2. The government reduced the petroleum levy by Rs80 per litre in April 2026 to provide immediate relief.
3. The June 19, 2026, price reduction was attributed to the restoration of energy shipping in the Strait of Hormuz.
Which of the statements given above are correct?
All three statements are factually correct. The peak occurred on April 3, the levy was slashed by Rs80 to provide relief, and the June reduction was linked to the easing of tensions and the restoration of shipping in the Strait of Hormuz. [Source: https://www.dawn.com/news/2009236/pm-shehbaz-announces-reduction-in-prices-of-petrol-by-rs74-diesel-by-rs67, 19 Jun 2026]
64027
Which of the following statements regarding the fuel price adjustments in 2026 is INCORRECT?
The government did not maintain fixed prices; instead, it revised prices weekly on Friday nights to reflect global market volatility. The other statements are factually accurate according to the provided information. [Source: https://www.dawn.com/news/2009236/pm-shehbaz-announces-reduction-in-prices-of-petrol-by-rs74-diesel-by-rs67, 19 Jun 2026]
64028
Following the price reduction announced on June 19, 2026, what is the new ex-depot price of petrol per litre?
The new price of petrol was set at Rs299.78 per litre following the Rs74 reduction. Rs311.78 is the new price for high-speed diesel. [Source: https://www.dawn.com/news/2009236/pm-shehbaz-announces-reduction-in-prices-of-petrol-by-rs74-diesel-by-rs67, 19 Jun 2026]
64029
In the context of economic stabilization, which of the following instruments is primarily utilized by the State Bank of Pakistan to manage inflationary pressures?
Monetary policy, specifically the adjustment of the policy rate, is the primary tool used by the central bank to influence liquidity and stabilize the economy, whereas fiscal tools are managed by the federal government.
Which constitutional body is primarily responsible for reviewing the overall economic condition of the country and advising the federal and provincial governments on economic policies?
Under Article 156 of the Constitution of Pakistan, the National Economic Council is the supreme constitutional body tasked with reviewing the country's economic state and formulating plans for balanced development.
