International Current Affairs MCQs

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Recently, the International Monetary Fund (IMF) approved the immediate release of $1 billion to Pakistan under the Extended Fund Facility (EFF). The IMF is a specialised agency of the United Nations (UN), created in 1944 at the Bretton Woods Conference to ensure global monetary stability after the Great Depression. It works to promote international monetary cooperation, ensure financial stability, facilitate global trade, support high employment, and reduce poverty. The IMF monitors the economies of its member countries and gives policy advice. It also provides loans to countries during balance-of-payments crises. The IMF is headquartered in Washington, D.C., United States.

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The National Oceanic and Atmospheric Administration (NOAA), a U.S. government agency under the Department of Commerce, was established in 1970 to study oceans, atmosphere, and coastal regions. Its headquarters is in Washington, D.C. NOAA recently announced it will stop updating its main database that tracked the financial costs of climate change-related weather disasters such as floods, wildfires, hurricanes, and heatwaves. This database was widely used to understand economic impacts of extreme weather in the United States. NOAA also developed tools like the tsunami wave height model used for mapping major events like the 2011 Pacific tsunami after the Sendai earthquake in Japan.

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The Indian Defence Minister recently said that Pakistan’s nuclear weapons should be monitored by the International Atomic Energy Agency (IAEA) to ensure global nuclear safety. The International Atomic Energy Agency (IAEA) is the main intergovernmental body for cooperation in nuclear science and technology. It works to ensure the safe, secure, and peaceful use of nuclear energy, following global non-proliferation rules. The IAEA Statute was approved on 23 October 1956 and became active on 29 July 1957. Its headquarters is in Vienna, Austria. With 178 member countries, the IAEA plays a key global role in nuclear governance.

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The Asian Development Bank (ADB) has committed $10 billion to boost India’s urban development and metro expansion. It will support India’s Urban Challenge Fund to increase private investment in cities. It promotes inclusive, resilient, and sustainable growth across Asia and the Pacific region. Its headquarters is in Manila, Philippines.

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Recently, Karol Nawrocki won Poland’s presidential election with 50.89% of the votes, narrowly defeating liberal Warsaw Mayor Rafał Trzaskowski, who got 49.11%. Nawrocki is a right-wing conservative candidate, known both as a historian and a heavyweight boxing champion. He was supported by United States (US) President Donald Trump during the election. Nawrocki previously served as the head of the Institute of National Remembrance, an organisation known for promoting nationalist versions of Polish history.

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In May 2025, Japan passed a new law called the Act on the Promotion of Research, Development and Utilisation of Artificial Intelligence-Related Technologies. This law aims to make Artificial Intelligence (AI) the core of Japan’s digital leadership and economic growth. Unlike strict global rules, Japan’s approach encourages coordination and voluntary responsibility instead of heavy regulation. This is different from the European Union’s AI Act passed in 2024. The EU law divides AI into risk levels like “Unacceptable” and “Minimal” and places strict rules on high-risk uses. Japan’s flexible model reflects a major shift in global AI policy thinking.

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The Prime Minister recently discussed with Paraguay’s President expanding the Preferential Trade Agreement with MERCOSUR. MERCOSUR stands for the Southern Common Market in Spanish. It is a South American regional economic group formed in 1991 by the Treaty of Asunción. Its goal is to allow free movement of goods, services, capital, and people among members.
Original members are Argentina, Brazil, Paraguay, and Uruguay. Bolivia and Venezuela joined later, but Venezuela has been suspended since 2016. Chile, Colombia, Ecuador, Guyana, Peru, and Suriname are associate members. MERCOSUR’s headquarters is in Montevideo, Uruguay.

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Lee Jae-myung was sworn in as the 14th President of South Korea, officially the Republic of Korea, in Seoul on June 4, 2025. He won the Presidential by-election held on June 3, 2025, after the impeachment of former President Yoon Suk-yeol. Lee Jae-myung, leader of the opposition Democratic Party, defeated Kim Moon-soo of the ruling People Power Party. He secured 51.7% of the vote, while Kim got 39.3%.

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China has recently announced plans to build the world’s first hybrid fusion-fission nuclear plant named Xinghuo, which means “spark” in Mandarin. This plant will combine both fusion and fission reactions to increase energy production and reduce radioactive waste. Fusion involves joining atomic nuclei, while fission splits them; together, they can offer a more efficient and cleaner energy solution. Xinghuo aims to set a new global standard in sustainable and high-output nuclear power technology.

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External Affairs Minister S. Jaishankar announced that India has been elected to the United Nations Economic and Social Council (ECOSOC) for the 2026–2028 term. India was elected from the Asia-Pacific States group, which has four seats, along with Lebanon, Turkmenistan, and China. ECOSOC was established in 1945 under the UN Charter and is one of the six main organs of the United Nations. It is headquartered in New York, United States.