CSS - PMS - CCE - PCS - Current Affairs (C.A)
Daily Current Affairs
Which US Treasury Secretary is leading preparations for the G20 finance meeting?
A. Janet Yellen
B. Scott Bessent
C. Jerome Powell
D. Kevin Warsh
Correct Answer: B
US Treasury Secretary Scott Bessent is leading the American agenda for the meeting.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Daily Current Affairs
The upcoming US-hosted G20 finance meeting is being held in which US city?
A. Washington
B. New York
C. Asheville
D. Chicago
Correct Answer: C
The United States is hosting the G20 finance meeting in Asheville, North Carolina, with growth, debt, trade imbalances and supply chains among the agenda items.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Daily Current Affairs
Which central bank accumulated nearly $73bn between June 5 and August 21 through measures designed to attract foreign currency?
A. Bank of Japan
B. Reserve Bank of India
C. People’s Bank of China
D. Bank Indonesia
Correct Answer: B
The Reserve Bank of India accumulated nearly $73 billion, much of it associated with non-resident Indian deposits and related measures.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Daily Current Affairs
India’s foreign-exchange reserves recently reached a record of approximately:
A. $529bn
B. $629bn
C. $729bn
D. $829bn
Correct Answer: C
Reserve Bank of India data showed reserves reaching a record of approximately $729.33 billion as of August 21, 2026.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Daily Current Affairs
Which strategic waterway remains central to the Iran conflict and global energy security?
A. Panama Canal
B. Suez Canal
C. Strait of Hormuz
D. Bosporus
Correct Answer: C
The Strait of Hormuz is a critical global energy shipping route and remains central to the Iran conflict and regional diplomacy.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Daily Current Affairs
Iran’s annual inflation has reportedly risen to approximately:
A. 26%
B. 46%
C. 56%
D. 66%
Correct Answer: D
Iran is facing severe economic pressure, with annual inflation reported at around 66%.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Daily Current Affairs
According to President Masoud Pezeshkian, Iran’s foreign trade has fallen by approximately:
A. 15%
B. 25%
C. 35%
D. 50%
Correct Answer: C
President Masoud Pezeshkian said Iran’s foreign trade had fallen by approximately 35% amid sanctions and the naval blockade.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Daily Current Affairs
Which other country, besides Pakistan, has recently been involved in attempts to mediate renewed Iran-US dialogue?
A. Qatar
B. Japan
C. Germany
D. Brazil
Correct Answer: A
Qatar has also been involved in diplomatic efforts aimed at encouraging renewed dialogue between Iran and the United States.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Daily Current Affairs
Pakistan has recently been playing a mediating role in the conflict involving Iran and:
A. Russia
B. United States
C. India
D. Afghanistan
Correct Answer: B
Pakistan has participated in diplomatic efforts aimed at facilitating dialogue and de-escalation between Iran and the United States.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Daily Current Affairs
Which three countries signed the Makkah Joint Defence Agreement?
A. Pakistan, Iran and Türkiye
B. Pakistan, Saudi Arabia and Türkiye
C. Pakistan, Qatar and UAE
D. Saudi Arabia, Egypt and Türkiye
Correct Answer: B
The Makkah Joint Defence Agreement brings together Pakistan, Saudi Arabia and Türkiye to deepen defence cooperation and collective security.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Daily Current Affairs
Pakistan’s FDI in July 2026 fell by approximately:
A. 5%
B. 10%
C. 20%
D. 49%
Correct Answer: C
Foreign direct investment fell about 20% year-on-year to $178.6 million, from $223.5 million a year earlier.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Daily Current Affairs
Pakistan’s merchandise exports during July 2026 were approximately:
A. $2.01bn
B. $3.008bn
C. $4.15bn
D. $6.154bn
Correct Answer: B
SBP data showed merchandise exports of $3.008 billion, against imports of $6.154 billion.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Daily Current Affairs
Pakistan recorded what current-account balance in July 2026?
A. $328m surplus
B. $328m deficit
C. $814m surplus
D. $529m surplus
Correct Answer: B
Pakistan posted a $328 million current-account deficit in July 2026, compared with $814 million in June.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Daily Current Affairs
According to Moody’s projections, Pakistan’s foreign exchange reserves could reach approximately how much by the end of FY2027?
A. $10–11bn
B. $14–15bn
C. $19–20bn
D. $25–26bn
Correct Answer: C
Moody’s projected reserves of about $19–20 billion by end-FY27, conditional on continued IMF-programme progress.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Daily Current Affairs
Moody’s recently upgraded Pakistan’s sovereign credit rating to:
A. B1
B. B2
C. B3
D. Caa2
Correct Answer: C
Moody’s upgraded Pakistan from Caa1 to B3 while maintaining a stable outlook, citing improvements in governance, external position and fiscal metrics.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Daily Current Affairs
China’s CXMT is set to supply which type of memory for Xiaomi’s upcoming 18 Fold smartphone?
A. DDR4
B. HBM3
C. LPDDR6
D. GDDR5
Correct Answer: C
ChangXin Memory Technologies (CXMT) announced that its advanced LPDDR6 DRAM would be supplied for Xiaomi’s upcoming 18 Fold smartphone.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Daily Current Affairs
Anthropic’s newly unveiled framework designed to let AI agents operate physical laboratory and industrial devices is called:
A. Agent Device Protocol
B. Model Hardware Standard
C. Claude Robotics Network
D. Universal Machine Interface
Correct Answer: B
Anthropic introduced the Model Hardware Standard (MHS), a framework intended to let AI agents safely operate programmable laboratory and manufacturing devices.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Daily Current Affairs
SK Hynix plans to begin mass production of which next-generation AI memory chips at its Indiana facility?
A. DDR3
B. LPDDR4
C. HBM4E
D. NAND-2
Correct Answer: C
SK Hynix plans to begin volume production of HBM4E high-bandwidth memory chips at its Indiana facility in the third quarter of 2029.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Daily Current Affairs
Which two South Korean companies are major beneficiaries of the current AI-memory-chip boom?
A. Hyundai and Kia
B. Samsung Electronics and SK Hynix
C. LG and Hyundai
D. Naver and Kakao
Correct Answer: B
Samsung Electronics and SK Hynix are major South Korean memory-chip manufacturers benefiting from rising semiconductor demand linked to AI investment.
CSS - PMS - CCE - PCS - Current Affairs (C.A)
Daily Current Affairs
South Korea’s strong August export performance is being driven particularly by global demand for:
A. Crude oil
B. Agricultural machinery
C. AI-related semiconductor chips
D. Steel
Correct Answer: C
South Korea’s export growth is being supported by strong global demand for semiconductors, particularly memory chips benefiting from the AI investment boom.