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The MCQs below are drawn from the Current Affairs subject category.
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64251
Consider the following statements about the Brownfield Refining Policy:
1. It supersedes all previous refining policies.
2. It aims to increase the production of furnace oil to meet industrial demand.
3. It allows refineries to sell products to any OMCs licensed by Ogra.
Which of the statements given above is/are correct?
Statement 2 is incorrect because the policy aims to decrease, not increase, furnace oil production. Statements 1 and 3 accurately reflect the policy's legal status and operational flexibility. [Source: https://www.dawn.com/news/2019003/govt-approves-new-oil-refining-policy-after-years-what-does-it-mean, 28 Jul 2026]
64252
Which body is responsible for the final approval of development projects exceeding the financial limits of the Central Development Working Party (CDWP)?
The Executive Committee of the National Economic Council (ECNEC) is the constitutional body empowered to approve major development projects that exceed the financial authority delegated to the Central Development Working Party.
The petitioner challenged the specific application and constitutionality of Section 4C, not the general authority of the FBR to collect income tax. The other three options were core arguments presented by the bank's counsel. [Source: https://www.dawn.com/news/2018924/islamabad-high-court-dismisses-bank-petition-on-super-tax, 28 Jul 2026]
64254
Which of the following is NOT a stated objective or provision of the Brownfield Refining Policy?
The policy explicitly aims to decrease furnace oil production by 63 percent while increasing the output of motor gasoline and high-speed diesel. Therefore, increasing furnace oil production is an incorrect statement regarding the policy's goals. [Source: https://www.dawn.com/news/2019003/govt-finally-revamps-oil-refining-policy-what-does-it-mean, 28 Jul 2026]
64255
Which body is responsible for licensing Oil Marketing Companies (OMCs) that purchase products from refineries under the new policy?
The Oil and Gas Regulatory Authority (Ogra) is the designated body for licensing OMCs and overseeing the supply chain agreements between refineries and marketing companies. [Source: https://www.dawn.com/news/2019003/govt-approves-new-oil-refining-policy-after-years-what-does-it-mean, 28 Jul 2026]
64256
Under the Brownfield Refining Policy, what is the minimum customs duty applied to imported motor gasoline and diesel for a period of seven years?
The fiscal regime established by the policy stipulates a minimum customs or regulatory duty of 10 percent on imported motor gasoline and diesel to protect domestic refinery interests. [Source: https://www.dawn.com/news/2019003/govt-approves-new-oil-refining-policy-after-years-what-does-it-mean, 28 Jul 2026]
64257
Which regulatory body has been assigned the responsibility of determining fuel prices on a daily basis?
The government has empowered the Oil and Gas Regulatory Authority (Ogra) to decide fuel prices daily based on international market trends. The State Bank and FBR are not responsible for fuel pricing mechanisms. [Source: https://www.dawn.com/news/2018803/govt-decreases-petrol-price-by-re1-increases-hsd-price-by-rs337, 27 Jul 2026]
64258
Consider the following statements about the fuel pricing policy in Pakistan:
1. The government transitioned to a daily fuel pricing mechanism due to global market volatility.
2. Monthly sales of kerosene are significantly higher than those of petrol and high-speed diesel.
3. The government has been implementing fuel conservation measures since early 2026.
Which of the statements given above is/are correct?
Statement 1 is correct as the government adopted daily pricing to manage volatility. Statement 3 is correct regarding conservation measures. Statement 2 is incorrect because kerosene demand is only 10,000 tonnes monthly, far lower than the 700,000 to 800,000 tonnes for petrol and HSD. [Source: https://www.dawn.com/news/2018803/govt-decreases-petrol-price-by-re1-increases-hsd-price-by-rs337, 27 Jul 2026]
64259
Which of the following statements regarding the recent fuel price adjustments is INCORRECT?
The All Pakistan Dealers Association rejected the daily pricing decision and threatened a protest, making statement D incorrect. The other statements accurately reflect the government's notification. [Source: https://www.dawn.com/news/2018803/govt-decreases-petrol-price-by-re1-increases-hsd-price-by-rs337, 27 Jul 2026]
64260
Which sector is primarily identified as the main consumer of high-speed diesel (HSD) in Pakistan?
High-speed diesel is primarily utilized in the heavy transport sector, power plants, and large generators. Petrol is the fuel typically used for private transport, rickshaws, and two-wheelers. [Source: https://www.dawn.com/news/2018803/govt-decreases-petrol-price-by-re1-increases-hsd-price-by-rs337, 27 Jul 2026]
