SF Prep

Economy Current Affairs Quiz — All time

Daily news by your exam, state and topic — each with a short summary, key facts and MCQs.

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1653 news · 3998 MCQs
Score: 0 / 0 attempted · 91 questions
Two years of India–EFTA TEPA: Goyal urges industry to use $100-billion investment pledge
Q1

Which of the following countries is NOT a member of the European Free Trade Association (EFTA), India's partner in TEPA?

Show answer

Correct answer: B — Denmark

EFTA's four members are Switzerland, Norway, Liechtenstein and Iceland; Denmark is an EU member.

Q2 Advanced

What legally binding investment commitment does the India–EFTA TEPA contain, as highlighted by Piyush Goyal on 13 March 2026?

Show answer

Correct answer: C — $100 billion and 1 million jobs

TEPA carries a $100-billion investment commitment with the potential to create 1 million jobs in India.

Q3 Advanced

Consider the following statements about the India–EFTA TEPA: 1. It was signed in New Delhi on 10 March 2024. 2. It came into force on 1 April 2025. Which of the above is/are correct?

Show answer

Correct answer: A — 1 only

Statement 1 is correct. Statement 2 is wrong: TEPA came into force on 1 October 2025, as per PIB.

NMDC becomes India's first mining company to produce 50 million tonnes of iron ore in a year
Q4

Which company became India's first mining company to produce 50 million tonnes of iron ore in a single financial year (announced 13 March 2026)?

Show answer

Correct answer: B — NMDC Limited

NMDC Limited, a Navratna CPSE under the Ministry of Steel, crossed 50 MT in FY 2025–26.

Q5 Advanced

NMDC's mechanised iron ore mines, mentioned in the 13 March 2026 release, are located in which two States?

Show answer

Correct answer: C — Chhattisgarh and Karnataka

The release says NMDC has highly mechanised operations in the mineral-rich regions of Chhattisgarh and Karnataka.

Q6 Advanced

Consider the following statements about NMDC Limited: 1. It was established in 1958 to develop India's iron ore resources. 2. It is a Maharatna company under the Ministry of Mines. Which of the above is/are correct?

Show answer

Correct answer: A — 1 only

Statement 1 is correct. Statement 2 is wrong: NMDC is a Navratna CPSE under the Ministry of Steel.

Retail inflation rises to 3.21% in February 2026 on the new 2024-base CPI
Q7

What was India's all-India CPI (combined) inflation for February 2026, as released on 12 March 2026?

Show answer

Correct answer: B — 3.21%

February 2026 CPI inflation was 3.21% (provisional), up from 2.74% in January; 3.47% was food inflation.

Q8 Advanced

Which item recorded the highest year-on-year inflation in the February 2026 CPI?

Show answer

Correct answer: A — Silver jewellery

Silver jewellery led at 160.84%, followed by gold/diamond/platinum jewellery at 48.16% and copra at 46.16%.

Q9 Advanced

Consider the following statements about India's new CPI series (base 2024=100): 1. Its item basket and weights are based on the Household Consumption Expenditure Survey 2023–24. 2. It retains the earlier structure of six broad groups instead of adopting COICOP 2018. Which of the above is/are correct?

Show answer

Correct answer: A — 1 only

Statement 1 is correct. Statement 2 is wrong: the new series adopts the UN's COICOP 2018, with 12 divisions and 358 items, replacing the earlier six broad groups.

Q10 Advanced

Which items saw the steepest price falls in the February 2026 CPI?

Show answer

Correct answer: D — Garlic, onion and potato

Garlic (−31.09%), onion (−28.20%) and potato (−18.46%) had the lowest inflation; tomato was among the highest at 45.29%.

Netflix opens Eyeline Studios VFX hub in Hyderabad, its fifth worldwide
Q11

In which city did Netflix open its Eyeline Studios VFX and virtual production hub on 12 March 2026?

Show answer

Correct answer: A — Hyderabad

Eyeline Studios opened at HITEC City in Hyderabad, inaugurated by Telangana CM A. Revanth Reddy.

Q12 Advanced

In the term 'AVGC' sector, used for the Eyeline Studios launch, what does 'G' stand for?

Show answer

Correct answer: D — Gaming

AVGC stands for Animation, Visual Effects, Gaming and Comics.

Kumaraswamy flags off upgraded Super Rapid Gun Mount for Navy at BHEL Haridwar; dedicates 5-MW solar plant
Q13

The upgraded Super Rapid Gun Mount flagged off at BHEL on 12 March 2026 is meant for which service?

Show answer

Correct answer: C — Indian Navy

The upgraded SRGM, a naval gun for anti-aircraft and anti-surface roles, was flagged off for the Indian Navy.

Q14 Advanced

Where is the BHEL plant at which the upgraded Super Rapid Gun Mount was flagged off on 12 March 2026?

Show answer

Correct answer: D — Haridwar

The flag-off took place at BHEL's Haridwar facility in Uttarakhand, which houses the Heavy Electrical Equipment Plant and the Central Foundry and Forge Plant.

Q15 Advanced

What are the stated rate of fire and range of the upgraded Super Rapid Gun Mount flagged off by BHEL?

Show answer

Correct answer: B — 120 rounds a minute, up to 35 km

BHEL said the weapon can fire up to 120 rounds per minute with a range of up to 35 km.

NITI Aayog's Fiscal Health Index 2026: Odisha tops major states again; Arunachal leads NE and Himalayan states
Q16

Which State topped the 18 major States in NITI Aayog's Fiscal Health Index 2026, released on 11 March 2026?

Show answer

Correct answer: A — Odisha

Odisha retained the top rank with a score of 73.1, ahead of Goa (54.7) and Jharkhand (50.5).

Q17 Advanced

Which State ranked first among the North-Eastern and Himalayan States in the Fiscal Health Index 2026?

Show answer

Correct answer: D — Arunachal Pradesh

Arunachal Pradesh ranked first, followed by Uttarakhand and Tripura; Himachal Pradesh and Manipur were at the bottom.

Q18 Advanced

Which major State was ranked last, with a score of 12.4, in the Fiscal Health Index 2026?

Show answer

Correct answer: A — Punjab

Punjab scored 12.4, the lowest among the 18 major States; Andhra Pradesh, West Bengal and Kerala were also in the bottom 'aspirational' group.

Q19 Advanced

The Fiscal Health Index 2026 assesses the fiscal performance of States for which year?

Show answer

Correct answer: B — 2023–24

The second edition, released in March 2026, ranks States on their finances for 2023–24; the first edition covered 2022–23.

Q20 Advanced

Consider the following statements about NITI Aayog's Fiscal Health Index 2026: 1. It ranks all 28 States together in a single list. 2. NITI Aayog noted that States account for nearly one-third of India's general government debt. Which of the above is/are correct?

Show answer

Correct answer: B — 2 only

Statement 1 is wrong: the 18 major States and the 10 North-Eastern and Himalayan States are ranked separately because of structural differences. Statement 2 is correct.

Textiles Minister launches Bharat Tex 2026, to be held at Bharat Mandapam on 14–17 July
Q21

Where and when will Bharat Tex 2026, launched on 11 March 2026, be held?

Show answer

Correct answer: D — Bharat Mandapam, New Delhi, 14–17 July 2026

Bharat Tex 2026, the third edition, will be held at Bharat Mandapam, New Delhi, from 14 to 17 July 2026.

Cabinet eases Press Note 3 rules: up to 10% non-controlling stake from land-border countries via automatic route; 60-day approval for key sectors
Q22

Up to what level of non-controlling beneficial ownership from land-border countries will be allowed under the automatic route after the Cabinet decision of 10 March 2026?

Show answer

Correct answer: B — 10%

Investors with non-controlling beneficial ownership from land-border countries of up to 10% will be permitted under the automatic route, with reporting to DPIIT.

Q23 Advanced

Within how many days will proposals from land-border countries in specified sectors such as electronic components and polysilicon be decided, under the changes approved on 10 March 2026?

Show answer

Correct answer: C — 60 days

Proposals in capital goods, electronic capital goods, electronic components, polysilicon and ingot-wafer will be processed and decided within 60 days.

Q24 Advanced

The definition of 'Beneficial Owner' adopted in the amended FDI policy for land-border countries is drawn from which rules?

Show answer

Correct answer: D — Prevention of Money Laundering Rules, 2005

The amendment uses the definition and criteria of Beneficial Ownership under the Prevention of Money Laundering Rules, 2005, applied at the investor-entity level.

Q25 Advanced

Consider the following statements about Press Note 3 (2020): 1. It was issued on 17 April 2020 to curb opportunistic takeovers of Indian companies during the COVID-19 pandemic. 2. Under it, an entity of a country sharing a land border with India can invest only under the government route. Which of the above is/are correct?

Show answer

Correct answer: C — Both 1 and 2

Both are correct: PN3 (2020), dated 17 April 2020, was issued to curb opportunistic takeovers during COVID-19, and it put all investment from land-border-country entities, or where the beneficial owner is from such a country, under the government route.

Q26 Advanced

Under the 10 March 2026 changes, who may revise the list of specified sectors eligible for 60-day decisions on land-border-country investment?

Show answer

Correct answer: A — A Committee of Secretaries under the Cabinet Secretary

The Committee of Secretaries under the Cabinet Secretary may revise the list of specified sectors.

Second Advance Estimates 2025–26: record foodgrain output; wheat at 1,202.10 lakh tonnes
Q27

What is the estimated wheat production for 2025–26 according to the Second Advance Estimates released on 10 March 2026?

Show answer

Correct answer: B — 1,202.10 lakh tonnes

Wheat is estimated at 1,202.10 LMT, up 22.65 LMT from 1,179.45 LMT last year; 1,239.28 LMT is Kharif rice.

Q28 Advanced

Which crop recorded record production in both the Kharif and Rabi seasons in the Second Advance Estimates for 2025–26?

Show answer

Correct answer: A — Maize

Kharif maize is a record 302.47 LMT and Rabi maize a record 159.03 LMT.

Q29 Advanced

Which pulse has the largest estimated output in the Second Advance Estimates for 2025–26?

Show answer

Correct answer: D — Gram

Gram is estimated at 117.92 LMT, far above tur (34.55 LMT) and lentil (17.33 LMT).

Q30 Advanced

Consider the following statements about the Second Advance Estimates of crop production for 2025–26: 1. They cover the Kharif, Rabi and summer seasons. 2. Yield estimates are based on Crop Cutting Experiments, previous trends and other factors. Which of the above is/are correct?

Show answer

Correct answer: B — 2 only

Statement 1 is wrong: the Second Advance Estimates cover only Kharif and Rabi; the summer season will be included in the Third Advance Estimates. Statement 2 is correct.

Piyush Goyal at National IP Awards: make India's IP approval system among the world's top five
Q31

According to Piyush Goyal at the National IP Awards on 9 March 2026, India's Global Innovation Index ranking has improved from 81 to what?

Show answer

Correct answer: B — 38

Goyal said India's GII ranking improved from 81 to 38.

Q32 Advanced

By how much did Piyush Goyal say patent filings in India have grown in a decade?

Show answer

Correct answer: C — 215%

He said India registered 215% growth in patent filings in a decade.

Q33 Advanced

How many new innovation labs in schools, announced in the Union Budget, did Piyush Goyal refer to at the National IP Awards 2026?

Show answer

Correct answer: C — 50,000

Goyal referred to the government's initiative to establish 50,000 new innovation labs in schools, announced in the Union Budget.

Income Tax Department surveys 62 restaurants in 46 cities, finds about ₹408 crore of suppressed sales
Q34

What is the name of the campaign launched by the Income Tax Department in March 2026 to guide restaurants to correct their returns?

Show answer

Correct answer: B — SAKSHAM NUDGE

The department started the SAKSHAM NUDGE campaign; in phase one, messages go to 63,000 identified restaurants.

Q35 Advanced

The Income Tax Department's survey of restaurants on 8 March 2026 revealed preliminary sales suppression of about how much?

Show answer

Correct answer: C — ₹408 crore

The survey of 62 restaurants in 46 cities across 22 states revealed suppression of sales of about ₹408 crore.

Q36 Advanced

Under which provision of the Income Tax Act were restaurants encouraged to file updated returns in the SAKSHAM NUDGE campaign?

Show answer

Correct answer: D — Section 139(8A)

Taxpayers were encouraged to file updated returns under Section 139(8A) of the Income Tax Act before 31 March 2026.

Fadnavis presents ₹7.69 lakh crore Maharashtra Budget with farm loan waiver up to ₹2 lakh
Q37

Who presented the Maharashtra Budget 2026-27 on 6 March 2026?

Show answer

Correct answer: B — Devendra Fadnavis

Chief Minister Devendra Fadnavis, who also holds the Finance portfolio, presented the budget.

Q38

What is the approximate total outlay of the Maharashtra Budget 2026-27?

Show answer

Correct answer: D — ₹7.69 lakh crore

The budget has an outlay of about ₹7.69 lakh crore; ₹11.02 lakh crore is the projected debt.

Q39 Advanced

The farm loan waiver announced in the Maharashtra Budget 2026-27 is named after whom?

Show answer

Correct answer: A — Punyashlok Ahilyadevi Holkar

The scheme is the Punyashlok Ahilyadevi Holkar Shetkari Karjmafi Yojana.

Q40 Advanced

Consider the following statements about the Punyashlok Ahilyadevi Holkar Shetkari Karjmafi Yojana: 1. It waives crop loans of up to ₹2 lakh for farmers with arrears as of 30 September 2025. 2. Farmers who repaid their loans regularly will receive an incentive of ₹50,000. Which of the above is/are correct?

Show answer

Correct answer: C — Both 1 and 2

Both are correct: the waiver covers crop loans up to ₹2 lakh in arrears as of 30 September 2025, and regular repayers get ₹50,000.

Siddaramaiah presents record 17th Karnataka Budget with ₹4,48,004 crore outlay for 2026-27
Q41

Karnataka Chief Minister Siddaramaiah presented which number State Budget of his career on 6 March 2026?

Show answer

Correct answer: D — 17th

The 2026-27 budget was Siddaramaiah's record 17th State Budget.

Q42 Advanced

What is the total outlay of the Karnataka Budget 2026-27?

Show answer

Correct answer: D — ₹4,48,004 crore

Total expenditure is ₹4,48,004 crore, 13.3% above the 2025-26 revised estimate of ₹3,95,307 crore.

Q43 Advanced

Consider the following statements about the Karnataka Budget 2026-27: 1. The fiscal deficit is estimated at 2.95% of GSDP. 2. The budget shows a revenue surplus. Which of the above is/are correct?

Show answer

Correct answer: A — 1 only

Only statement 1 is correct: the fiscal deficit is ₹97,449 crore (2.95% of GSDP), and the budget shows a revenue deficit of ₹22,957 crore, not a surplus.

Q44 Advanced

A State Budget, such as Karnataka's for 2026-27, is constitutionally called the 'annual financial statement'. Which Article of the Constitution provides for it?

Show answer

Correct answer: A — Article 202

Article 202 requires the Governor to cause the annual financial statement of a State to be laid before the Legislature. Article 112 is the Union equivalent.

Wheat procurement estimate for RMS 2026-27 fixed at 303 LMT
Q45 Advanced

What wheat procurement estimate was fixed for Rabi Marketing Season 2026-27 at the State Food Secretaries' meeting on 6 March 2026?

Show answer

Correct answer: B — 303 LMT

The estimate for wheat procurement for RMS 2026-27 was fixed at 303 lakh metric tonnes.

Q46 Advanced

In which state was a pilot to add QR code tags on foodgrain packaging bags successfully completed, as reported on 6 March 2026?

Show answer

Correct answer: A — Andhra Pradesh

The Department of Food and Public Distribution said the QR-code pilot was completed in Andhra Pradesh, with more pilots planned.

Commerce Ministry: India now has nine FTAs spanning 38 countries
Q47 Advanced

According to the Commerce Ministry on 6 March 2026, India's FTA network now consists of how many FTAs spanning how many countries?

Show answer

Correct answer: B — 9 FTAs, 38 countries

The ministry said India's network has reached nine FTAs spanning 38 countries.

Q48 Advanced

Consider the following statements about the India–EFTA Trade and Economic Partnership Agreement (TEPA): 1. It was signed on 10 March 2024. 2. It entered into force on 1 October 2025. Which of the above is/are correct?

Show answer

Correct answer: C — Both 1 and 2

Both are correct: the Commerce Ministry said the EFTA TEPA was signed on 10 March 2024 and entered into force on 1 October 2025.

DGFT extends export obligation period for Advance and EPCG Authorisations to 31 August 2026
Q49 Advanced

Under DGFT Public Notice No. 51/2025-26 of 6 March 2026, the export obligation period for eligible Advance and EPCG Authorisations has been extended up to which date?

Show answer

Correct answer: C — 31 August 2026

EO periods expiring between 1 March and 31 May 2026 are automatically extended to 31 August 2026, with no composition fee.

8th Central Pay Commission invites memorandums from employees and pensioners till 30 April 2026
Q50 Advanced

By what date must memorandums be submitted to the 8th Central Pay Commission, as announced on 5 March 2026?

Show answer

Correct answer: B — 30 April 2026

Submissions will be received up to 30 April 2026, only through the online portals.

Q51 Advanced

Who chairs the 8th Central Pay Commission?

Show answer

Correct answer: D — Justice Ranjana Prakash Desai

Justice Ranjana Prakash Desai is the Chairperson, with Prof. Pulak Ghosh as part-time member and Pankaj Jain as member-secretary.

Q52 Advanced

Consider the following statements about the 8th Central Pay Commission: 1. It was constituted by a Government resolution dated 3 November 2025. 2. It is required to make its recommendations within 18 months of its constitution. Which of the above is/are correct?

Show answer

Correct answer: C — Both 1 and 2

Both are correct: the Commission was constituted by a resolution dated 3 November 2025 and must report within 18 months.

HSBC India Services PMI eases to 58.1 in February 2026 as new orders grow at a 13-month low
Q53

What was the HSBC India Services PMI for February 2026, released on 4 March 2026?

Show answer

Correct answer: B — 58.1

The services PMI was 58.1 in February, compared with 58.5 in January.

Q54 Advanced

Which agency compiles the HSBC India Services PMI?

Show answer

Correct answer: B — S&P Global

The HSBC India PMI series is compiled by S&P Global; data for February 2026 were collected from 9 to 25 February.

Q55 Advanced

Consider the following statements about India's PMI data for February 2026: 1. New orders in the services sector rose at the slowest pace since January 2025. 2. The composite PMI fell from January's level. Which of the above is/are correct?

Show answer

Correct answer: A — 1 only

Only statement 1 is correct. New services orders grew at a 13-month low, but the composite PMI rose to 58.9 from 58.4, the fastest private-sector growth in three months.

PM Modi addresses second post-Budget webinar on 'Sustaining and Strengthening Economic Growth'
Q56

What was the theme of the post-Budget webinar addressed by PM Modi on 3 March 2026?

Show answer

Correct answer: A — Sustaining and Strengthening Economic Growth

The second webinar of the post-Budget series was on 'Sustaining and Strengthening Economic Growth'.

Q57 Advanced

According to J.P. Nadda at the 3 March 2026 webinar, how much has been allocated over five years for the BioPharma mission?

Show answer

Correct answer: B — ₹10,000 crore

₹10,000 crore over five years is for the BioPharma mission, within a total ₹13,000 crore provision for BioPharma SHAKTI and three chemical parks.

TRAI report: India's internet subscribers reach 1,028.61 million at end of December 2025
Q58

According to TRAI's report released on 3 March 2026, how many internet subscribers did India have at the end of December 2025?

Show answer

Correct answer: C — 1,028.61 million

Internet subscribers rose to 1,028.61 million, of which 1,007.35 million were broadband.

Q59 Advanced

Consider the following statements based on TRAI's report for October–December 2025: 1. Broadband subscribers crossed 1,000 million. 2. Narrowband internet subscribers increased during the quarter. Which of the above is/are correct?

Show answer

Correct answer: A — 1 only

Only statement 1 is correct: broadband reached 1,007.35 million. Narrowband subscribers fell 4.18% to 21.25 million.

EPFO trustees recommend 8.25% interest on EPF for 2025-26
Q60

What interest rate on EPF deposits for 2025-26 did EPFO's Central Board of Trustees recommend on 2 March 2026?

Show answer

Correct answer: C — 8.25%

The CBT recommended 8.25%, the same rate as declared for 2024-25.

Q61 Advanced

Who chairs the Central Board of Trustees of the EPF, as at its 239th meeting on 2 March 2026?

Show answer

Correct answer: A — Union Labour and Employment Minister

The Union Labour and Employment Minister, Mansukh Mandaviya, chaired the meeting; the Central Provident Fund Commissioner is the Member Secretary.

Q62 Advanced

The new EPF, EPS and EDLI Schemes, 2026, approved by the CBT on 2 March 2026, are aligned with which law?

Show answer

Correct answer: B — Code on Social Security, 2020

The new schemes were approved for notification under the Code on Social Security, 2020, to replace the current schemes.

Q63 Advanced

Consider the following statements about decisions of the 239th CBT meeting of EPF (2 March 2026): 1. A one-time Amnesty Scheme was approved for exempted establishments under the EPF & MP Act, 1952. 2. A pilot was approved for auto-settlement of inoperative accounts with balances of ₹10,000 or less. Which of the above is/are correct?

Show answer

Correct answer: A — 1 only

Only statement 1 is correct. The auto-settlement pilot covers inoperative accounts with unclaimed balances of ₹1,000 or less (over 1.33 lakh accounts), not ₹10,000.

Industrial output grows 4.8% in January 2026
Q64

What was India's IIP growth rate for January 2026 according to the quick estimate released on 2 March 2026?

Show answer

Correct answer: B — 4.8%

IIP grew 4.8% year-on-year in January 2026.

Q65 Advanced

Which of the three IIP sectors recorded the highest growth in January 2026?

Show answer

Correct answer: B — Electricity

Electricity grew 5.1%, ahead of manufacturing (4.8%) and mining (4.3%).

Q66 Advanced

Which industry group was the top positive contributor to manufacturing growth in January 2026, growing 13.2%?

Show answer

Correct answer: D — Manufacture of basic metals

Manufacture of basic metals (13.2%) was the top contributor, followed by motor vehicles (10.9%) and other non-metallic mineral products (9.9%).

India–Japan CEPA Joint Committee holds 7th meeting in Tokyo
Q67

Where was the 7th Joint Committee meeting under the India–Japan CEPA held on 2 March 2026?

Show answer

Correct answer: B — Tokyo

The 7th Joint Committee meeting under the India–Japan CEPA was held in Tokyo on 2 March 2026.

Q68 Advanced

Who co-chaired the 7th India–Japan CEPA Joint Committee meeting from the Indian side?

Show answer

Correct answer: D — Commerce Secretary Rajesh Agrawal

Commerce Secretary Rajesh Agrawal co-chaired the meeting with the Senior Deputy Minister of Japan's Ministry of Foreign Affairs.

Q69 Advanced

Consider the following statements about the India–Japan Comprehensive Economic Partnership Agreement: 1. It was signed on 16 February 2011. 2. It entered into force on 1 August 2011. Which of the above is/are correct?

Show answer

Correct answer: C — Both 1 and 2

Both are correct. The India–Japan CEPA was signed on 16 February 2011 and came into force on 1 August 2011, according to the Department of Commerce.

Haryana presents ₹2.23 lakh crore budget for 2026-27
Q70

What is the total outlay of Haryana's budget for 2026-27, presented on 2 March 2026?

Show answer

Correct answer: D — About ₹2.23 lakh crore

The 2026-27 budget outlay is ₹2,23,658.17 crore, about ₹2.23 lakh crore.

Q71 Advanced

Haryana's 2026-27 budget proposed a new 'Haryana Agri DISCOM'. What will it serve?

Show answer

Correct answer: A — All agricultural feeders and farm consumers

The Haryana Agri DISCOM, the state's third distribution company, will serve all 5,084 agricultural feeders and 7.12 lakh agricultural consumers.

Q72 Advanced

Consider the following statements about Haryana's budget 2026-27: 1. The fiscal deficit is estimated at 2.65% of the state's GDP. 2. Under the FRBM Act, 2003, a state's fiscal deficit should stay below 3% of its GDP, as cited in the budget speech. Which of the above is/are correct?

Show answer

Correct answer: C — Both 1 and 2

Both are correct. The speech puts the fiscal deficit at ₹40,293.17 crore (2.65% of GDP) and cites the FRBM Act, 2003 ceiling of 3%.

India and Canada sign Terms of Reference and launch CEPA negotiations
Q73

Who signed the Terms of Reference for the India–Canada CEPA on behalf of India on 2 March 2026?

Show answer

Correct answer: A — Piyush Goyal

Commerce and Industry Minister Piyush Goyal signed the ToR with Canada's Trade Minister Maninder Sidhu.

Q74 Advanced

What bilateral trade target by 2030 did India and Canada set while launching CEPA negotiations?

Show answer

Correct answer: D — US$50 billion

PM Modi said the goal is to take bilateral trade to US$50 billion by 2030.

Q75 Advanced

According to the Commerce Ministry, what was India–Canada bilateral trade in FY 2024-25?

Show answer

Correct answer: A — US$8.66 billion

Bilateral trade was US$8.66 billion in 2024-25, with exports of US$4.22 billion and imports of US$4.44 billion (DGCI&S).

CBIC introduces deferred customs duty payment for Eligible Manufacturer Importers
Q76

Which body introduced the deferred customs duty payment facility for Eligible Manufacturer Importers on 1 March 2026?

Show answer

Correct answer: A — CBIC

The Central Board of Indirect Taxes and Customs (CBIC) introduced the facility.

Q77 Advanced

For what period will the Eligible Manufacturer Importer (EMI) deferred duty facility be in force?

Show answer

Correct answer: B — 1 April 2026 – 31 March 2028

The EMI facility is available from 1 April 2026 and remains in force until 31 March 2028.

Q78 Advanced

Consider the following statements about the Eligible Manufacturer Importer (EMI) Scheme: 1. Duty under the scheme is paid monthly as prescribed in the Deferred Payment of Import Duty Rules, 2016. 2. Only entities already holding AEO-T3 status are eligible to apply. Which of the above is/are correct?

Show answer

Correct answer: A — 1 only

Only statement 1 is correct. Existing AEO-T1 entities, including MSMEs, can also apply if they meet the criteria; EMIs are expected to progress to AEO-T2 or AEO-T3 during the scheme.

PM Modi inaugurates Micron's semiconductor assembly and test facility in Sanand
Q79

Where is the Micron Technology ATMP facility inaugurated by PM Modi on 28 February 2026 located?

Show answer

Correct answer: D — Sanand, Gujarat

The Micron ATMP facility is in Sanand, Gujarat.

Q80 Advanced

In the context of the Micron facility in Sanand, what does 'ATMP' stand for?

Show answer

Correct answer: A — Assembly, Test, Marking and Packaging

ATMP stands for Assembly, Test, Marking and Packaging.

Q81 Advanced

To which company did Micron present its first shipment of made-in-India memory modules from Sanand?

Show answer

Correct answer: B — Dell Technologies

Micron said it presented its first shipment of made-in-India memory modules to Dell Technologies.

Q82 Advanced

Consider the following statements about the Micron ATMP project in Sanand: 1. It was the first proposal approved under the India Semiconductor Mission. 2. It fabricates DRAM and NAND wafers from raw silicon at Sanand. Which of the above is/are correct?

Show answer

Correct answer: A — 1 only

Only statement 1 is correct. The Sanand facility is an assembly and test plant: it converts DRAM and NAND wafers from Micron's global network into finished memory and storage products; it does not fabricate wafers.

MoSPI releases new GDP series with base year 2022-23; FY26 growth estimated at 7.6%
Q83

What is the base year of the new GDP series released by MoSPI on 27 February 2026?

Show answer

Correct answer: C — 2022-23

The new series uses base year 2022-23, replacing the 2011-12 series.

Q84

What real GDP growth rate for 2025-26 was estimated in the Second Advance Estimates released on 27 February 2026?

Show answer

Correct answer: C — 7.6%

Real GDP growth for 2025-26 is estimated at 7.6%, against 7.1% in 2024-25; 8.6% is the nominal growth.

Q85 Advanced

According to the new series, India's real GDP grew by how much in Q3 (October–December) of 2025-26?

Show answer

Correct answer: C — 7.8%

Real GDP grew 7.8% in Q3 of 2025-26; 8.9% was the nominal growth in that quarter.

Q86 Advanced

Which of the following data sources is NOT mentioned by PIB among the new sources integrated in the 2022-23 GDP series?

Show answer

Correct answer: B — Census 2011

PIB lists ASUSE, PLFS, GST and PFMS as new, improved data sources in the revised series.

Q87 Advanced

Consider the following statements about the new GDP series released in February 2026: 1. 2022-23 was chosen as base year because it is a recent normal year after the COVID-19 disruptions, with robust data across sectors. 2. In an annual revision, unlike a base year revision, the conceptual framework and data sources are changed. Which of the above is/are correct?

Show answer

Correct answer: A — 1 only

Only statement 1 is correct. MoSPI says annual revisions only use updated data without changing the conceptual framework or adding new data sources; base year revisions change methodology, data sources and coverage.

PM MITRA Park Virudhnagar allots 190 acres to 23 investors with ₹2,192 crore investment
Q88

In which district of Tamil Nadu is the PM MITRA Park where 190.44 acres were allotted to investors on 27 February 2026?

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Correct answer: D — Virudhnagar

The land was allotted in the PM MITRA Park at Virudhnagar, Tamil Nadu.

Q89 Advanced

How much committed investment was unlocked by the land allotment at PM MITRA Park Virudhnagar on 27 February 2026?

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Correct answer: A — About ₹2,192 crore

The allotment to 23 investors unlocked about ₹2,192.21 crore; ₹1,894 crore is the park's cost and ₹4,445 crore the scheme outlay.

Q90 Advanced

Consider the following statements about the PM MITRA scheme: 1. It provides for seven Mega Integrated Textile Region and Apparel Parks with an outlay of ₹4,445 crore over five years. 2. The scheme was announced in the Union Budget 2021-22. Which of the above is/are correct?

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Correct answer: C — Both 1 and 2

Both are correct. PIB (October 2021) says the Government approved 7 PM MITRA parks with a total outlay of ₹4,445 crore over 5 years, as announced in the Union Budget 2021-22.

CGA launches Government Bank Dashboard and Government Bank Manual
Q91

Who launched the Government Bank Dashboard and the Government Bank Manual on 27 February 2026?

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Correct answer: D — Controller General of Accounts

Controller General of Accounts T.C.A. Kalyani launched both initiatives in New Delhi.