Selected MCQ

Current Question
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 1
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 2
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 3
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 4
Pakistan’s electronic vehicle charging stations in 2026 primarily used:
  • A. USB ports
  • B. High-speed DC fast charging
  • C. Wind-up generators
  • D. Gasoline backup
Correct Answer: B
Explanation:
New EV stations offered DC fast chargers for public use.
Related Question 5
Pakistan’s Sindh Assembly approved an act in 2026 to regulate which industry?
  • A. Information Technology (establishing Sindh IT Board)
  • B. Automobile production
  • C. Fashion design
  • D. Mobile gaming
Correct Answer: A
Explanation:
The Sindh IT Board Act was passed to boost IT development in the province.