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Current Affairs MCQs

MCQs on Latest National and International Events

289 Questions
Subject Preparation Guide

Prepare Current Affairs with confidence

Stay prepared with important national, international, political, economic and global developments relevant to competitive examinations.

Pakistan AffairsWorld AffairsEconomyInternational Organizations
Essential for CSS, PMS, FPSC, PPSC, NTS interviews and written examinations.
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241
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Which global ranking annually evaluates countries based on ease of starting and operating a business, historically published by the World Bank?

  • A Global Competitiveness Report
  • B Ease of Doing Business Index
  • C Human Development Index
  • D Global Innovation Index
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Correct Answer: Option B — Ease of Doing Business Index
Explanation: The World Bank historically published the Ease of Doing Business Index, ranking countries on regulatory factors affecting business operations, though the report was later discontinued amid data integrity concerns.
Submitted by: PaperMCQs
242
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Which Pakistani city is home to the country's main software and IT export hub alongside Karachi and Lahore?

  • A Quetta
  • B Islamabad
  • C Multan
  • D Gwadar
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Correct Answer: Option B — Islamabad
Explanation: Islamabad, along with Karachi and Lahore, serves as one of Pakistan's key hubs for software development and IT exports, supported by growing freelance and tech startup ecosystems.
Submitted by: PaperMCQs
243
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Which term describes the broader global discussion around regulating cryptocurrencies and digital assets in recent years?

  • A Crypto winter
  • B Crypto regulation debate
  • C Currency unification
  • D Gold standard revival
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Correct Answer: Option B — Crypto regulation debate
Explanation: The global crypto regulation debate refers to ongoing discussions among governments and international bodies about establishing legal and regulatory frameworks for cryptocurrencies and other digital assets.
Submitted by: PaperMCQs
244
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Which international organization oversees the regulation of civil aviation safety standards globally?

  • A IATA
  • B ICAO
  • C FAA
  • D EASA
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Correct Answer: Option B — ICAO
Explanation: The International Civil Aviation Organization, a UN specialized agency, sets global standards and regulations for the safety, security, and efficiency of international civil aviation operations.
Submitted by: PaperMCQs
245
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Which Pakistani city hosted significant diplomatic engagements as part of efforts to strengthen ties under CPEC and regional connectivity initiatives?

  • A Multan
  • B Islamabad
  • C Hyderabad
  • D Sialkot
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Correct Answer: Option B — Islamabad
Explanation: Islamabad, as Pakistan's capital, regularly hosts high-level diplomatic engagements, including discussions related to CPEC and broader regional connectivity initiatives with China and neighboring countries.
Submitted by: PaperMCQs
246
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Which term refers to global supply chain disruptions experienced widely following the COVID-19 pandemic and subsequent geopolitical conflicts?

  • A Trade liberalization
  • B Supply chain crisis
  • C Currency devaluation
  • D Tariff escalation
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Correct Answer: Option B — Supply chain crisis
Explanation: The global supply chain crisis refers to widespread disruptions in the production and movement of goods, intensified by pandemic lockdowns and later geopolitical conflicts affecting energy and food supplies.
Submitted by: PaperMCQs
247
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Which term describes Pakistan's recurring need to seek financial assistance from the IMF to manage balance of payments crises?

  • A Structural surplus
  • B IMF bailout programme
  • C Currency floatation
  • D Export diversification
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Correct Answer: Option B — IMF bailout programme
Explanation: Pakistan has repeatedly entered IMF bailout programmes to address recurring balance of payments crises, receiving financial support conditioned on structural and fiscal reforms.
Submitted by: PaperMCQs
248
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Which Pakistani province has seen significant exploration and development activity related to copper and gold reserves at Reko Diq?

  • A Punjab
  • B Sindh
  • C Balochistan
  • D Khyber Pakhtunkhwa
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Correct Answer: Option C — Balochistan
Explanation: The Reko Diq project in Balochistan holds one of the world's largest underdeveloped copper-gold deposits, with recent agreements aiming to attract foreign investment for its development.
Submitted by: PaperMCQs
249
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What is the primary purpose of the World Trade Organization's dispute settlement mechanism?

  • A Setting global tariffs
  • B Resolving trade disputes between member states
  • C Issuing currency regulations
  • D Managing global aid funds
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Correct Answer: Option B — Resolving trade disputes between member states
Explanation: The WTO's dispute settlement mechanism provides a structured process for member states to resolve trade disagreements, ensuring adherence to multilateral trade rules and preventing unilateral trade retaliation.
Submitted by: PaperMCQs
250
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Which country is the current chair of the African Union for diplomatic coordination purposes, a position that rotates annually?

  • A A fixed permanent member
  • B A rotating member state each year
  • C Only Nigeria
  • D Only South Africa
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Correct Answer: Option B — A rotating member state each year
Explanation: The chairmanship of the African Union rotates annually among member states, with the chairing country coordinating the bloc's diplomatic and policy priorities during its tenure.
Submitted by: PaperMCQs
251
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Which term refers to the rapid global adoption and regulatory debate over generative AI tools following major chatbot launches?

  • A Blockchain revolution
  • B Generative AI boom
  • C Quantum computing race
  • D 5G rollout
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Correct Answer: Option B — Generative AI boom
Explanation: The generative AI boom, accelerated by the public launch of advanced AI chatbots and tools, has sparked significant global investment, innovation, and regulatory debate over the technology's societal impact.
Submitted by: PaperMCQs
252
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Which Pakistani initiative was launched to provide digital financial inclusion and social protection support to low-income families?

  • A Ehsaas Programme
  • B Benazir Income Support Programme
  • C Both Ehsaas and BISP have served this role at different times
  • D Sehat Card only
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Correct Answer: Option C — Both Ehsaas and BISP have served this role at different times
Explanation: Pakistan has implemented social protection initiatives including the Benazir Income Support Programme and later the Ehsaas Programme, both aimed at providing financial assistance and digital inclusion for low-income households.
Submitted by: PaperMCQs
253
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Which country withdrew from the Paris Agreement on climate change during recent years before potentially rejoining?

  • A China
  • B United States
  • C India
  • D Germany
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Correct Answer: Option B — United States
Explanation: The United States withdrew from the Paris Agreement under a previous administration, citing economic concerns, before later rejoining, illustrating the shifting nature of global climate policy commitments across administrations.
Submitted by: PaperMCQs
254
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Which global agreement aims to phase down the production and consumption of hydrofluorocarbons (HFCs) to combat climate change?

  • A Paris Agreement
  • B Kigali Amendment
  • C Kyoto Protocol
  • D Montreal Protocol
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Correct Answer: Option B — Kigali Amendment
Explanation: The Kigali Amendment to the Montreal Protocol, adopted in 2016, specifically targets the phase-down of hydrofluorocarbons, potent greenhouse gases used in refrigeration and air conditioning.
Submitted by: PaperMCQs
255
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Which Pakistani city was the site of significant flooding during the catastrophic monsoon floods of 2022?

  • A Quetta
  • B Sukkur
  • C Multan
  • D Peshawar
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Correct Answer: Option B — Sukkur
Explanation: Sindh province, including areas around Sukkur, witnessed catastrophic flooding during the 2022 monsoon season, displacing millions and causing extensive agricultural and infrastructural damage across Pakistan.
Submitted by: PaperMCQs
256
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The Global Peace Index, which ranks countries by their relative state of peace, is published by which organization?

  • A United Nations
  • B Institute for Economics and Peace
  • C World Bank
  • D Amnesty International
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Correct Answer: Option B — Institute for Economics and Peace
Explanation: The Institute for Economics and Peace publishes the Global Peace Index annually, ranking nations based on indicators related to safety, conflict, and militarization.
Submitted by: PaperMCQs
257
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Which global index tracks countries based on perceived levels of public sector corruption?

  • A Human Development Index
  • B Corruption Perceptions Index
  • C Global Peace Index
  • D Ease of Doing Business Index
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Correct Answer: Option B — Corruption Perceptions Index
Explanation: Transparency International publishes the Corruption Perceptions Index annually, ranking countries based on perceived levels of public sector corruption using various data sources and expert assessments.
Submitted by: PaperMCQs
258
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Which Pakistani exchange serves as the country's primary stock trading platform?

  • A Lahore Stock Exchange
  • B Pakistan Stock Exchange
  • C Islamabad Stock Exchange
  • D Karachi Commodity Exchange
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Correct Answer: Option B — Pakistan Stock Exchange
Explanation: The Pakistan Stock Exchange, formed through the merger of the Karachi, Lahore, and Islamabad exchanges in 2016, serves as the country's unified primary platform for equity trading.
Submitted by: PaperMCQs
259
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The term 'De-dollarization' refers to global efforts by countries to reduce reliance on which currency in trade?

  • A Euro
  • B US Dollar
  • C Chinese Yuan
  • D Japanese Yen
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Correct Answer: Option B — US Dollar
Explanation: De-dollarization refers to efforts by various countries to reduce their dependence on the US Dollar for international trade and reserves, often pursuing alternative currencies or bilateral settlement arrangements.
Submitted by: PaperMCQs
260
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Which term describes the global economic slowdown combined with persistently high inflation experienced in recent years?

  • A Deflation
  • B Stagflation
  • C Hyperinflation
  • D Recession only
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Correct Answer: Option B — Stagflation
Explanation: Stagflation refers to an economic condition combining stagnant growth with high inflation, a phenomenon several economies grappled with following pandemic-related disruptions and energy price shocks.
Submitted by: PaperMCQs