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The MCQs below are drawn from the Current Affairs subject category.
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64101
Consider the following statements about the recent fuel price adjustments:
1. The government increased the price of petrol by Rs3.66 per litre.
2. The government increased the price of high-speed diesel by Rs4.80 per litre.
3. The daily pricing mechanism was implemented to address fluctuations caused by the US-Iran conflict.
Which of the statements given above are correct?
All three statements are factually accurate based on the government's recent notifications and the stated rationale for the daily pricing policy. The price hikes of Rs3.66 for petrol and Rs4.80 for diesel were officially announced prior to the two-day freeze. [Source: https://www.dawn.com/news/2018328/govt-keeps-petrol-diesel-prices-unchanged-for-two-days, 25 Jul 2026]
64102
Consider the following statements about the geopolitical situation in April 2026:
1. The US-Israeli conflict with Iran commenced in February 2026.
2. The United States prohibited Israel from further bombing in Lebanon.
3. The International Monetary Fund warned that a prolonged conflict could lead to a global recession.
Which of the statements given above is/are correct?
All three statements are factually accurate based on the provided information. The conflict began on February 28, 2026, the US issued a prohibition on further Israeli bombing in Lebanon, and the IMF issued warnings regarding the impact of the conflict on global economic growth. [Source: https://www.dawn.com/news/1992627/iran-says-strait-of-hormuz-open-for-commercial-vessels-after-lebanon-deal, 17 Apr 2026]
64103
The government has proposed the merger of the Board of Investment (BoI) with which other entity as part of its rightsizing exercise?
The finance minister confirmed the decision to merge the Board of Investment (BoI) and the Special Investment Facilitation Council (SIFC) to remove duplication and improve investor facilitation. Both entities currently share similar objectives regarding investment promotion. [Source: https://www.dawn.com/news/2007563/finance-minister-terms-proposed-fy27-budget-as-significant-progress-in-path-to-economic-growth, 13 Jun 2026]
64104
How much funding has been allocated to the police force in the KP budget for FY27 to improve infrastructure and capacity?
The provincial government allocated Rs40 billion to the police department to enhance security governance and operational capacity. The other options represent incorrect budgetary allocations. [Source: https://www.dawn.com/news/2010593/cm-afridi-vows-peace-in-fy27-as-kp-assembly-passes-rs217tr-budget, 24 Jun 2026]
64105
According to the Finance Minister, what is the projected inflation rate for the next fiscal year?
The Finance Minister explicitly stated that the inflation target for the upcoming fiscal year is 7.5 percent. The 4 percent figure mentioned in the same context refers to the projected GDP growth rate. [Source: https://www.dawn.com/news/2008354/aurangzeb-terms-tax-asaan-scheme-for-traders-a-paradigm-shift, 16 Jun 2026]
64106
Which specific scheme received an additional proposed subsidy of Rs70 billion in the FY27 budget to boost export-led growth?
The government proposed an additional Rs70 billion subsidy for the Export Refinance Scheme (EFS) to elevate export performance. This is a central component of the government's export-led growth strategy. [Source: https://www.dawn.com/news/2007563/finance-minister-terms-proposed-fy27-budget-as-significant-progress-in-path-to-economic-growth, 13 Jun 2026]
64107
In the FY27 budget, the government proposed reducing the super tax for businesses with annual incomes exceeding Rs500 million to what percentage?
The finance minister announced a reduction in the super tax from 10 percent to 8 percent for businesses earning over Rs500 million. This measure is part of the government's strategy to create an enabling environment for business growth. [Source: https://www.dawn.com/news/2007563/finance-minister-terms-proposed-fy27-budget-as-significant-progress-in-path-to-economic-growth, 13 Jun 2026]
64108
Consider the following statements regarding the economic outlook as of June 2026:
1. The primary balance surplus for FY26 was estimated at 2.5 percent of GDP.
2. The MPC is targeting a primary balance surplus of 2 percent of GDP for FY27.
3. Headline inflation remained in single digits throughout April and May 2026.
Which of the statements given above is/are correct?
Statements 1 and 2 are correct as they reflect the fiscal consolidation targets and estimates provided by the MPC. Statement 3 is incorrect because headline inflation rose to double digits in April and May 2026, not single digits. [Source: https://www.dawn.com/news/2008043/central-bank-keeps-policy-rate-unchanged-at-115pc, 15 Jun 2026]
64109
The SBP projects real GDP growth for FY26 to be close to the lower bound of which range?
The SBP adjusted its growth outlook due to regional instability, projecting real GDP growth near the lower bound of the 3.75 to 4.75 percent range previously established for the fiscal year. [Source: https://www.dawn.com/news/1999677/despite-improved-macroeconomic-stability-in-first-half-of-fy26-war-in-middle-east-poses-significant-risks-to-outlook-sbp, 12 May 2026]
64110
What was the policy rate maintained by the State Bank of Pakistan as of June 15, 2026?
The Monetary Policy Committee decided to keep the policy rate unchanged at 11.5 percent during its final review for FY26. This rate is maintained to guide inflation toward the medium-term target range. [Source: https://www.dawn.com/news/2008043/central-bank-keeps-policy-rate-unchanged-at-115pc, 15 Jun 2026]