Selected MCQ

Current Question
What must occur before Pakistan’s Virtual Assets Act 2026 becomes effective law?
  • A. A national referendum
  • B. Signature by the President
  • C. Approval by all four provincial assemblies
  • D. A ruling by the Supreme Court
Correct Answer: B
Explanation:
After parliamentary approval, it still requires the President’s assent.
Related Question 1
Pakistan’s Virtual Assets Act 2026 formally established which regulatory body?
  • A. State Bank of Pakistan
  • B. Pakistan Virtual Assets Regulatory Authority (PVARA)
  • C. Securities and Exchange Commission of Pakistan
  • D. Federal Investigation Agency
Correct Answer: B
Explanation:
The Act created the Pakistan Virtual Assets Regulatory Authority to oversee digital assets.
Related Question 2
Which of the following did NOT occur as part of Pakistan Day 2026 celebrations?
  • A. Full military parade
  • B. Small flag-hoisting ceremony
  • C. Nationwide public holiday
  • D. Rescheduled awards ceremony
Correct Answer: A
Explanation:
The military parade was canceled under austerity measures.
Related Question 3
Which area does the Virtual Assets Act 2026 primarily regulate?
  • A. Currency trading
  • B. Digital assets and cryptocurrency exchanges
  • C. Oil and gas production
  • D. Agricultural exports
Correct Answer: B
Explanation:
It regulates the virtual assets/cryptocurrency sector.
Related Question 4
Under the Virtual Assets Act 2026, PVARA’s responsibilities include:
  • A. Running the national railway
  • B. Licensing cryptocurrency service providers and enforcing AML rules
  • C. Regulating traditional banking only
  • D. Issuing driving licenses
Correct Answer: B
Explanation:
PVARA will license crypto firms and ensure compliance with anti-money laundering and sanctions laws.
Related Question 5
Which accomplishment did NOT occur in Pakistan by early 2026?
  • A. Hosting the Pakistan Governance Forum in Islamabad
  • B. Passing the Digital Nation Pakistan Act in Parliament
  • C. Joining a multi-nation Board of Peace initiative
  • D. Signing a new cryptocurrency regulation law (Virtual Assets Act)
Correct Answer: B
Explanation:
The Digital Nation Act was passed in 2025, while the other events took place in 2026.