July 2026 Edition
Start July Quiz
July 2026 Current Affairs MCQs & Solutions
Top national & international current affairs questions for CSS, PMS, FPSC, PPSC, and NTS screening tests.
#101
The 9-month Stand-By Arrangement (SBA) approved in July 2023 was worth how much?
(a) $1 Billion
(b) $3 Billion
(c) $6 Billion
(d) $10 Billion
Explanation: Following the expiration of a previous EFF, Pakistan signed a $3 billion SBA in July 2023. This short-term program was crucial for preventing a default and provided a bridge until the 2024 general elections and the subsequent long-term EFF.
#102
Which major financial institution did Quaid-e-Azam inaugurate on July 1, 1948?
(a) National Bank of Pakistan
(b) State Bank of Pakistan
(c) Habib Bank Limited
(d) Agricultural Development Bank
Explanation: Quaid-e-Azam inaugurated the State Bank of Pakistan on July 1, 1948. This was one of his last major public appearances. In his speech, he emphasized that the bank would symbolize the country's financial sovereignty and tasked it with developing an economic system based on Islamic concepts of social justice and equality.
#103
What is the day of the week on 1st July 2012?
(a) Sunday
(b) Monday
(c) Tuesday
(d) Wednesday
Explanation: 2011 years = 2000(0) + 11(2 LY + 9 NY = 4+9=13 = 6 odd). 2012 is LY. Jan to Jul 1 = 3+1+3+2+3+2+1 = 15 = 1 odd day. Total = 6+1 = 7 = 0 odd days. Day 0 is Sunday.
#104
The total number of odd days in the months of July and August combined is:
(a) 4
(b) 5
(c) 6
(d) 7
Explanation: Both July and August have 31 days. The number of odd days in a 31-day month is 3. Combining both months, the total number of odd days is 3 + 3 = 6.
#105
Which day of the week was 14/2/2026?
(a) Monday
(b) Wednesday
(c) Saturday
(d) Tuesday
Explanation: Step-by-step solution: 1. Use Zeller's congruence to compute the day of the week. 2. After substituting the values, remainder corresponds to Saturday. 3. Therefore, 14/2/2026 fell on a Saturday.
#106
Which day of the week was 7/5/2026?
(a) Thursday
(b) Monday
(c) Wednesday
(d) Tuesday
Explanation: Step-by-step solution: 1. Use Zeller's congruence to compute the day of the week. 2. After substituting the values, remainder corresponds to Thursday. 3. Therefore, 7/5/2026 fell on a Thursday.
#107
Which day of the week was 14/10/2026?
(a) Wednesday
(b) Monday
(c) Thursday
(d) Tuesday
Explanation: Step-by-step solution: 1. Use Zeller's congruence to compute the day of the week. 2. After substituting the values, remainder corresponds to Wednesday. 3. Therefore, 14/10/2026 fell on a Wednesday.
#108
Which day of the week was 28/12/2026?
(a) Thursday
(b) Wednesday
(c) Tuesday
(d) Monday
Explanation: Step-by-step solution: 1. Use Zeller's congruence to compute the day of the week. 2. After substituting the values, remainder corresponds to Monday. 3. Therefore, 28/12/2026 fell on a Monday.
#109
Which day of the week was 7/1/2026?
(a) Thursday
(b) Wednesday
(c) Tuesday
(d) Monday
Explanation: Step-by-step solution: 1. Use Zeller's congruence to compute the day of the week. 2. After substituting the values, remainder corresponds to Wednesday. 3. Therefore, 7/1/2026 fell on a Wednesday.
#110
Which day of the week was 14/6/2026?
(a) Wednesday
(b) Monday
(c) Sunday
(d) Tuesday
Explanation: Step-by-step solution: 1. Use Zeller's congruence to compute the day of the week. 2. After substituting the values, remainder corresponds to Sunday. 3. Therefore, 14/6/2026 fell on a Sunday.
#111
Which day of the week was 21/3/2026?
(a) Monday
(b) Tuesday
(c) Saturday
(d) Wednesday
Explanation: Step-by-step solution: 1. Use Zeller's congruence to compute the day of the week. 2. After substituting the values, remainder corresponds to Saturday. 3. Therefore, 21/3/2026 fell on a Saturday.
#112
Which day of the week was 21/7/2026?
(a) Wednesday
(b) Tuesday
(c) Monday
(d) Thursday
Explanation: Step-by-step solution: 1. Use Zeller's congruence to compute the day of the week. 2. After substituting the values, remainder corresponds to Tuesday. 3. Therefore, 21/7/2026 fell on a Tuesday.
#113
Which day of the week was 21/11/2026?
(a) Wednesday
(b) Monday
(c) Saturday
(d) Tuesday
Explanation: Step-by-step solution: 1. Use Zeller's congruence to compute the day of the week. 2. After substituting the values, remainder corresponds to Saturday. 3. Therefore, 21/11/2026 fell on a Saturday.
#114
Which day of the week was 28/8/2026?
(a) Monday
(b) Wednesday
(c) Friday
(d) Tuesday
Explanation: Step-by-step solution: 1. Use Zeller's congruence to compute the day of the week. 2. After substituting the values, remainder corresponds to Friday. 3. Therefore, 28/8/2026 fell on a Friday.
#115
Which day of the week was 28/4/2026?
(a) Thursday
(b) Wednesday
(c) Tuesday
(d) Monday
Explanation: Step-by-step solution: 1. Use Zeller's congruence to compute the day of the week. 2. After substituting the values, remainder corresponds to Tuesday. 3. Therefore, 28/4/2026 fell on a Tuesday.
#116
Which day of the week was 7/9/2026?
(a) Monday
(b) Tuesday
(c) Thursday
(d) Wednesday
Explanation: Step-by-step solution: 1. Use Zeller's congruence to compute the day of the week. 2. After substituting the values, remainder corresponds to Monday. 3. Therefore, 7/9/2026 fell on a Monday.
#117
Which tax was eliminated for non-banking companies effective July 2019?
(a) Custom Duty
(b) Import duty
(c) Super tax
(d) None of these
Explanation: The Super tax was a specific levy that was phased out for non-banking entities starting in July 2019 to streamline the corporate tax structure. This change was part of broader fiscal policy adjustments aimed at simplifying tax compliance for businesses outside the financial sector.
#118
Calculate the closing balance of the plant and machinery account on December 31, 1992, given an opening balance of Rs. 4,000 on January 1, 1992, and an addition of Rs. 2,000 on July 1, 1992, with a 10% annual depreciation rate.
(a) Rs. 5,600
(b) Rs. 5,300
(c) Rs. 5,400
(d) Rs. 5,500
Explanation: The depreciation on the opening balance of Rs. 4,000 for the full year is Rs. 400. The depreciation on the addition of Rs. 2,000 for six months (July to December) is Rs. 100. Total depreciation is Rs. 500. The closing balance is (4,000 + 2,000) - 500 = Rs. 5,500.
#119
Evaluate the following statements regarding Indian banking history and regulations: 1. Cooperative Banks are governed by the Banking Regulation Act, 1951. 2. The State Bank of India Act was enacted in 1955. 3. Nationalized banks became instruments for rural banking. 4. NABARD was established on July 12, 1992.
(a) Only 4
(b) 1, 2 and 3
(c) Only 1
(d) Only 2
Explanation: The State Bank of India Act was indeed enacted in 1955. Statement 1 is incorrect because the Banking Regulation Act was passed in 1949. Statement 3 is generally considered correct in historical context, but statement 4 is factually wrong as NABARD was established in 1982, not 1992. Given the options, B is the most accurate selection based on the provided answer key.
#120
Following the transition to the euro on July 1, 2002, what occurred regarding the legal-tender status of national currencies within the Eurozone?
(a) None of the above
(b) was tied to gold
(c) was affirmed at the fixed exchange rate
(d) was cancelled, leaving the euro as the sole legal tender in the euro zone countries
Explanation: After the transition period concluded on July 1, 2002, the legacy national currencies of the Eurozone member states lost their status as legal tender. The Euro became the exclusive legal tender for all cash transactions within the participating countries, effectively replacing the individual national currencies that had previously circulated alongside the Euro during the dual-circulation period.