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Daily Top-10 Current Affairs MCQs/News (Nov 26 2022) for CSS

CSS Times
Daily Top-10 Current Affairs MCQs/News (Nov 26 2022) for CSS
WELCOME TO CSS TIMES DAY BY  DAY CURRENT AFFAIRS MCQs, YOUR BEST SOURCE FOR UP-TO-DATE AND DAILY TOP CURRENT AFFAIRS MCQs 2022 FOR PREPARATION OF CSS, PMS, BANKING, NTS, RAILWAYS AND ALL COMPETITIVE EXAMS.  “DAY TO DAY CURRENT AFFAIRS MCQs” BASICALLY IS TOP 10 NEWS SUMMARY ON CURRENT HAPPENINGS OF NATIONAL AND INTERNATIONAL IMPORTANCE FOR ALL EXAMINATIONS

November 26, 2022: National Current Affairs MCQs

1. Unexpected hike takes interest rate to highest in 24 years

• The State Bank of Pakistan (SBP) raised its key policy rate by 100 basis points to a 24-year high of 16 per cent on November 25, 2022 in a decision that went against market expectations but, according to the central bank, was `aimed at ensuring that elevated inflation does not become entrenched`.
• The decision reflected the SBP monetary policy committee`s (MPC) view that `inflationary pressures have proven to be stronger and more persistent than expected`, the central bank said in a statement after a committee meeting.
• The move brings the SBP interest rates hikes to 625 basis points this year. It kept the rate unchanged at its last two meetings in October and September.
• Central banks around the world tame inflation by raising interest rates, which depresses economic activity

2. Join hands to reduce oil reliance, PM asks Turkiye

• Prime Minister Shehbaz Sharif has stressed the need for joint investment by Pakistan and Turkiye to promote renewable energy and cut dependence on traditional energy sources that contribute to carbon emissions.
• The prime minister, who is on a two-day official visit to Turkiye, made these remarks during the inauguration ceremony of the Milgem Corvette ship for the Pakistan Navy at the Istanbul Shipyard.
• `Pakistan wants to shift to renewable sources of energy and Turkish investors have a great potential to finance this shift,` the prime minister said.
• `I want to propose… let`s join hands together and get rid of high-carbon emissions, cut our import bills and let`s really promote investment in these fields,` the PM said while lamenting Pakistan`s rising import bill due to petroleum products

3. Transition in army leadership begins as Gen Raza given sendoff

• Gen Nadeem Raza on November 25, 2022 stepped down as the Chairman Joint Chiefs of Staff Committee upon his retirement from military service.
• `The defence of the country is impregnable and gallant soldiers will not hesitate in making it even more formidable,` Gen Raza said while speaking at a farewell ceremony at Joint Staff Headquarters.
• The general, who served in the army for 41 years, said he discharged his duties `to the best of his abilities with honesty, justice and dignity`.
• The ceremony, attended by senior officers of the three services and former chairmen of the joint chiefs of staff committee, marked the beginning of the transition in the army after the retirement of two four-star generals

4. Azad Kashmir announces incentive package for investors

• The Azad Jammu and Kashmir (AJK) government on November 25, 2022 unveiled a massive package for investors, offering them free of cost land, special relaxation in income and sales tax up to 25 years and some other facilities.
• The package was spelt out by AJK Minister for Finance and Inland Revenue Abdul Majid Khan at a press conference.
• He was accompanied by AJK Central Board of Revenue (CBR) chairman Raja Amjad Pervaiz Ali Khan and other senior officials.
• `Previously, many industrial units wrapped up their operations here due to the imposition of education cess. Now the government wants to bring back investors by creating an environment conducive for industrialisation,` Mr Khan said

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5. Pakistan to repay $1bn sukuk before maturity

• As $1.8 billion has already been paid alone in the current month against foreign obligations, the State Bank of Pakistan (SBP) on November 25, 2022 announced to repay $1 billion international sukuk (Islamic bonds) on Dec 2, three days before its due date of mauturity.
• Briefing some analysts after the Monetary Policy announcement, SBP Governor Jameel Ahmed said the country has been making foreign payments regularly and expressed confidence that there would be no hindrance in the foreign debt repayments.
• `The earlier payment may be the processing time for clearance of the payments,` said a senior analyst who attended the meeting

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International Current Affairs  MCQs News

6. Violence against women most pervasive rights violation: UN

• Violence against women remains the most widespread and pervasive human rights violation in the world, says a UN report released on November 25, 2022, the International Day for the Elimination of Violence against Women.
• In his message on this special day, UN Secretary-General António Guterres reminded the international community `this discrimination, violence and abuse targeting half of humanity comes at a steep cost, every 11 minutes, a woman or girl is killed by an intimate partner or family member.
• The day kicks off 16 days of activism against gender-based violence, under the theme `Unite! Activism to end violence against women and girls`. The events that will be held across the globe would emphasise the findings of the latest UN report on women.
• According to this report, over one in three women experience gender-based violence during their lifetime. In 2021, nearly one in five women, aged 20-24, were married before turning 18

7. Azerbaijan says no talks with Armenia if Macron attends

• Azerbaijan`s President Ilham Aliyev said on November25, 2022 he would not meet the prime minister of Armenia, as planned in Brussels next month, because Yerevan demanded French leader Emmanuel Macron mediate.
• Azerbaijan accuses France of backing Armenia in the two countries` decades-long conflict over the breakaway region of Nagorno-Karabakh.
• Aliyev said he would not meet Prime Minister Nikol Pashinyan in Brussels on Dec 7 because the Armenian leader demanded that Macron attend the talks

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8. France-Italy spat triggers EU crisis talks on migration

• European interior ministers gathered for crisis talks on November 25, 2022 as an ugly row between Paris and Rome over how to handle would be refugees forced EU migration reform back onto their agenda.
• New arrival numbers haven`t yet hit the levels of 2015 and 2016, but European capitals are concerned about new pressure on sea routes from North Africa and overland through the western Balkans.
• And now, with winter temperatures descending on eastern Europe and Ukrainian cities facing power cuts under Russian bombardment, the European Union is braced for many more war refugees

9. Tehran sends more troops to Kurdish region

• Iran`s Revolutionary Guards have built up their presence in restive Kurdish regions, state media reported on November 25, 2022 amid a crackdown on mass protests, as video showed demonstrations in minority Baluch areas of the southeast.
• The mass demonstrations that erupted after the Sept 16 death in custody of 22-year old Kurdish woman Mahsa Amini spread rapidly across the country, but have been most intense in areas populated by ethnic minorities, many of whom are Sunni.
• The unrest has posed one of the biggest challenges to Iran`s rulers since they came to power in 1979, with previous bouts of sustained protest eventually being crushed

10. UK foreign minister brings new aid to Kyiv

• UK Foreign Secretary James Cleverly on a visit to Kyiv on November 25, 2022 announced new aid, including ambulances and support for victims of sexual violence by Russian soldiers, for Ukraine.
• After meeting President Volodymyr Zelensky, Cleverly tweeted: `President @ZelenskyyUa, the UK is supporting you with action not just words.
• `I made you that promise today. The UK intends to keep it,` he said, after Prime Minister Rishi Sunak used a visit last weekend to the Ukrainian capital to set out a new package of military aid worth $60 million

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