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The MCQs below are drawn from the Current Affairs subject category.
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64401
According to the IMF requirements mentioned in the June 2026 discussions, what is the approximate additional revenue target set for the federal government?
The IMF requested the federal government to introduce at least Rs 430 billion in additional budgetary measures. A matching target of Rs 430 billion was also set for the provinces. [Source: https://www.dawn.com/news/2005897/ppp-shares-tax-related-reservations-in-pre-budget-meeting-with-dar-say-sources, 07 Jun 2026]
64402
The total additional financial burden proposed to be recovered from consumers through the August 2026 bills is:
The petition filed by the power companies aims to recover an additional Rs15.7 billion from consumers across all power utilities, including ex-Wapda Discos and K-Electric, to offset the higher fuel costs. [Source: https://www.dawn.com/news/2016204/power-companies-seek-rs120-per-unit-fuel-cost-adjustment-for-august, 17 Jul 2026]
64403
Consider the following statements about the 2026 customs valuation revision:
1. The revision was implemented to align assessed values with prevailing market rates.
2. The sharpest upward increases were recorded in older flagship and mid-range Samsung and Google Pixel devices.
3. Newer flagship models, such as the iPhone 15 Pro Max, experienced the highest percentage increase in valuation compared to older models.
Which of the statements given above is/are correct?
Statement 1 is correct as the primary goal was market alignment. Statement 2 is correct as older Samsung and Pixel devices saw the steepest jumps. Statement 3 is incorrect because newer flagship models like the iPhone 15 Pro Max saw relatively moderate increases (9.78 percent) compared to the sharp spikes in older models. [Source: https://www.dawn.com/news/1994373/customs-increases-import-valuation-for-62-old-and-used-mobile-phone-models, 23 Apr 2026]
64404
Which of the following statements regarding the 2026 mobile phone valuation revision is INCORRECT?
The 2026 ruling did not abolish the existing framework; rather, it preserved the earlier regulatory requirements concerning six-month activation, higher declared value, and freight adjustment. [Source: https://www.dawn.com/news/1994373/customs-increases-import-valuation-for-62-old-and-used-mobile-phone-models, 23 Apr 2026]
64405
Which regulatory body is responsible for conducting the public hearing regarding the fuel cost adjustment petition?
NEPRA is the statutory body mandated to regulate the electricity sector in Pakistan, including the approval of fuel cost adjustments. OGRA regulates the oil and gas sector, while SECP oversees corporate entities. [Source: https://www.dawn.com/news/2016204/power-companies-seek-rs120-per-unit-fuel-cost-adjustment-for-august, 17 Jul 2026]
64406
Consider the following statements about the energy sector performance in June 2026:
1. The price of Regasified Liquefied Natural Gas (RLNG) nearly doubled compared to the same month in the previous year.
2. Nuclear power generation was identified as a zero-fuel-cost energy source.
3. The fuel cost for imported coal was significantly higher than the fuel cost for local coal.
Statement 1 is correct as RLNG prices rose sharply. Statement 3 is correct as imported coal cost Rs16.65 per unit versus Rs11.5 per unit for local coal. Statement 2 is incorrect because nuclear power has a reported fuel cost of Rs2.85 per unit, unlike hydropower which is a zero-fuel-cost source. [Source: https://www.dawn.com/news/2016204/power-companies-seek-rs120-per-unit-fuel-cost-adjustment-for-august, 17 Jul 2026]
64407
The Islamic Development Bank (IsDB) functions primarily as which type of global governance institution?
The Islamic Development Bank is a multilateral development finance institution headquartered in Jeddah, focused on fostering economic development and social progress in member countries in accordance with Islamic financial principles.
Which of the following institutions is primarily responsible for the formulation and oversight of the Public Sector Development Programme (PSDP) in Pakistan?
The Planning Commission serves as the central planning agency responsible for the strategic allocation of resources through the Public Sector Development Programme, distinguishing its mandate from the fiscal management role of the Ministry of Finance.
Vietnam is a founding member of the RCEP, a mega-regional trade agreement that integrates the ASEAN bloc with key Asia-Pacific partners, excluding the United States and India, which opted out of the final agreement.
The PPP discussed the Public Sector Development Programme (PSDP) as a priority for development spending, rather than calling for its exclusion. The other options accurately reflect the party's stated reservations regarding tax policy and IMF conditions. [Source: https://www.dawn.com/news/2005897/ppp-shares-tax-related-reservations-in-pre-budget-meeting-with-dar-say-sources, 07 Jun 2026]
