CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
Headline inflation in April 2026 rose to:
A. 10.9 percent y/y
B. 7.3 percent
C. 8.2 percent
D. 11.7 percent
Correct Answer: A
The June statement reported a sharp rise to 10.9 percent in April.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The April rate hike aimed to anchor:
A. Exchange-company licenses
B. Stock-market valuations
C. Agricultural land prices
D. Inflation expectations
Correct Answer: D
The tighter stance was intended to keep inflation expectations anchored and limit second-round effects.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
Which global development was the main reason for the April 2026 rate hike?
A. A fall in literacy
B. A domestic census
C. Prolonged Middle East conflict and associated energy/supply shock
D. A change in election law
Correct Answer: C
The MPC cited elevated energy prices, freight charges, insurance premiums and supply disruptions linked to the Middle East conflict.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The April MPC expected inflation to remain above the 5–7% target upper bound for:
A. Only one day
B. Most of FY27
C. All of FY25
D. No part of FY27
Correct Answer: B
The April assessment anticipated inflation above the upper bound for most of FY27.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The April 2026 MPC expected inflation to:
A. Reach double-digit levels before gradually easing
B. Immediately fall below 2 percent
C. Remain fixed at 7.3 percent
D. Become permanently negative
Correct Answer: A
The supply shock was expected to push inflation into double digits before later easing.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
SBP FX reserves on April 24, 2026 were approximately:
A. US$12 billion
B. US$17.2 billion
C. US$20.2 billion
D. US$15.8 billion
Correct Answer: D
Despite debt repayments, reserves were around $15.8 billion on April 24.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
Cumulative LSM growth during July–February FY26 reached:
A. 0.4 percent
B. 3.8 percent
C. 5.9 percent
D. 10.9 percent
Correct Answer: C
The April minutes cited 5.9 percent cumulative LSM growth.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
Real GDP growth in the comparable H1 period a year earlier was:
A. 0.4 percent
B. 1.9 percent
C. 3.8 percent
D. 5.9 percent
Correct Answer: B
The April minutes compared 3.8 percent H1-FY26 growth with 1.9 percent a year earlier.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
Real GDP growth during H1-FY26 was reported at:
A. 3.8 percent y/y
B. 1.9 percent
C. 3.1 percent
D. 5.9 percent
Correct Answer: A
The April MPC minutes reported H1-FY26 growth of 3.8 percent.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
Core inflation in March 2026 was:
A. 5.6 percent
B. 7.3 percent
C. 11.7 percent
D. 7.8 percent
Correct Answer: D
The April MPC minutes reported core inflation of 7.8 percent.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
Headline inflation in March 2026 was:
A. 5.8 percent
B. 7.8 percent
C. 7.3 percent
D. 10.9 percent
Correct Answer: C
The April MPC noted headline inflation of 7.3 percent in March.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
Following the Middle East conflict, the March MPC assessed that inflation could:
A. Stay below 2 percent indefinitely
B. Remain above 7 percent in the remaining months of FY26 and into FY27
C. Turn negative immediately
D. Become irrelevant to monetary policy
Correct Answer: B
The March statement warned inflation could stay above 7 percent in the remaining FY26 months and into FY27.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
Private-sector credit expansion up to February 20, 2026 was approximately:
A. Rs790 billion
B. Rs578 billion
C. Rs100 billion
D. Rs1.8 trillion
Correct Answer: A
The March statement cited private-sector credit expansion of Rs790 billion.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
Broad money growth as of February 20, 2026 was approximately:
A. 10.5 percent
B. 14.3 percent
C. 20.5 percent
D. 16.0 percent
Correct Answer: D
The March statement reported M2 growth of 16.0 percent.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
Cumulative LSM growth during July–December FY26 was:
A. 0.4 percent
B. 3.1 percent
C. 4.8 percent
D. 7.4 percent
Correct Answer: C
The March statement cited cumulative LSM growth of 4.8 percent.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
Large-scale manufacturing grew by approximately how much y/y in December 2025?
A. -4.8 percent
B. 0.4 percent
C. 3.7 percent
D. 7.0 percent
Correct Answer: B
The March statement cited 0.4 percent year-on-year LSM growth in December 2025.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The SBP's end-June 2026 FX-reserve target cited in March was:
A. US$18 billion
B. US$15 billion
C. US$20 billion
D. US$25 billion
Correct Answer: A
The MPC emphasized timely official inflows to reach $18 billion by June 2026.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
SBP foreign-exchange reserves stood at approximately what level on February 27, 2026?
A. US$14.5 billion
B. US$15.0 billion
C. US$18.0 billion
D. US$16.3 billion
Correct Answer: D
The March statement cited reserves of $16.3 billion as of February 27.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
The cumulative current-account balance for July–January FY26 was approximately:
A. US$1.1 billion surplus
B. US$121 million deficit
C. US$1.1 billion deficit
D. Balanced at zero
Correct Answer: C
The January surplus contained the cumulative July–January deficit to about $1.1 billion.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Pakistan Monetary Policy 2026
Pakistan's current account in January 2026 recorded a:
A. US$121 million deficit
B. US$121 million surplus
C. US$1.1 billion surplus
D. US$3 billion deficit
Correct Answer: B
The March monetary policy statement recorded a $121 million current-account surplus in January.