World Current Affairs MCQs

World Current Affairs MCQs For CSS, PMS, NTS Test, FPSC

International or World Current Affairs MCQs For CSS, PMS, NTS Test, FPSC, PPSC, KPPSC, SPSC Exams of Pakistan and all other states World Current Affairs MCQs of 2021 & 2022. Here you will find the latest World current affairs Mcqs which are from Current International Issues, Geography, Atmosphere, Science & Literature, International Organizations and events. Latest and updated Mcqs of Current Affairs of the world.

 SUMMARY of the Article “Fierce Heat,” Editorial, Dawn, June 24th, 2024

The editorial underscores the severe and escalating impacts of climate change, as evidenced by recent extreme weather events including savage heat, melting glaciers, and extreme rainfall. In June, cities across the northern hemisphere experienced unprecedented high temperatures, indicating that these heatwaves might surpass last summer’s records, which were the hottest in 2,000 years. This record-breaking heat has caused significant loss of life, with thousands potentially dead in Europe and Asia, including 200 homeless people in Delhi and over 1,000 pilgrims during Hajj, many of whom were Pakistanis. These incidents highlight the urgent need for measures to address global warming. Vulnerable groups, such as women, children, the elderly, the poor, and rural populations, face severe health risks including cardiovascular and respiratory disorders, miscarriages, and fatal heat strokes. The editorial calls for federal and provincial authorities in » Read More…

SUMMARY of the Article “Climate-smart finance bill,” by Ali Tauqeer Sheikh, Dawn, June 20th, 2024

The article criticizes Pakistan’s proposed finance bill for the next fiscal year for its lack of commitment to climate resilience, despite the country being highly vulnerable to climate change. The bill does not set a direction for sustainable economic development or climate-resilient investments and overlooks the need for institutional and policy reforms to address economic damages from climate-induced disasters. The government has instead chosen a simplistic approach to generate revenue by cutting subsidies, with little focus on economic development or climate resilience. Key government entities, such as the Planning Commission and the Finance Ministry, have failed to integrate climate considerations into their budgeting and reporting processes, resulting in a lack of climate-smart budgeting. Comparisons are drawn with Bangladesh, which has made significant strides in climate-proofing its budget and establishing climate funds and frameworks to support climate resilience. Pakistan is urged to adopt similar measures, including tracking climate-related expenditures, aligning budgetary processes with national climate policies, and exploring innovative green finance mechanisms like green bonds and debt-for- » Read More…

SUMMARY of the Article “Climate debt trap,” by Jamil Ahmad, Dawn, June 15th, 2024

The article explores the severe challenge of heavy and rising debt faced by developing nations, which significantly hampers their efforts to tackle climate change, reduce poverty, and pursue economic development. Between 2010 and 2022, the external debt of 118 low- and middle-income countries doubled to $3.1 trillion, constituting about 15% of their GDP. In 2022 alone, these countries spent $443 billion servicing public debts, with this figure expected to rise in the coming years. Factors such as inflation, high interest rates, the energy crisis, and economic uncertainty post-COVID-19 have exacerbated this situation. The high debt service payments limit the fiscal space necessary for investments in climate action and sustainable development, pushing many developing nations toward default. This liquidity crisis sidelines climate and environmental priorities, posing global risks including exacerbated poverty, food insecurity, water scarcity, and health issues. To address this, immediate debt relief is suggested, freeing up fiscal space for climate and development investments. Options include lowering borrowing costs, extending long-term loans, and debt swaps for climate actions. The V20 group of climate- » Read More…

SUMMARY of the Article “State of the economy,” Editorial, Dawn, June 13th, 2024

The editorial examines the state of Pakistan’s economy for the outgoing fiscal year as depicted in the new Pakistan Economic Survey. It suggests that while there has been some stabilization in key macroeconomic indicators, this stability is fragile and heavily dependent on IMF support, which necessitates yet another larger bailout. The finance minister acknowledged this vulnerability at the survey’s launch. Although the economy appears to have hit rock bottom in the last financial year, the slight improvements in macro indicators this year are seen as progress. However, this does not offer much hope for the future. The editorial highlights that the economy likely expanded by only 2.4%, slower than the population growth rate, driven primarily by increased output in cotton, wheat, and rice crops rather than industrial recovery. Agriculture saw a growth of 6.3%, the fastest in two decades, but its reliance on major crops highlights structural weaknesses. The industry and services sectors expanded by just 1.2% each, meaning no new jobs were created to accommodate the growing workforce. The government managed to reduce the current account deficit to $200 million in the first ten months against a $6 billion target for the year, avoiding a default on foreign payments and building international reserves to $9 billion, which stabilized the » Read More…

SUMMARY of the Article “COP28 to SB60,” by Aisha Khan, Dawn, June 1st, 2024

The article outlines the importance of the 60th session of the Subsidiary Bodies (SB60) taking place from June 3-13, 2024, in Bonn, as a critical preparatory event for COP29. The SB60 aims to recalibrate positions and find compromises to facilitate a successful outcome at COP29. The conference has three primary tasks: agreeing on a new post-2025 climate finance goal to ensure adequate funding for developing countries to meet their Nationally Determined Contributions (NDCs), building momentum for the next generation of national climate plans, and providing guidance on the first Global Stock Take (GST) outcomes. The success of COP29 hinges on overcoming fixed positions regarding new collective quantified goals (NCQG) for climate finance, which is a contentious issue. Effective negotiation processes and continued implementation of COP28 outcomes are necessary to maintain progress. The Bonn dialogue must address financial packages, particularly linking » Read More…