Economy Current Affairs Quiz — All time
Daily news by your exam, state and topic — each with a short summary, key facts and MCQs.
According to the Commerce Ministry (November 2025), India–UAE bilateral trade in FY 2024-25 stood at about:
Show answer
Correct answer: A — USD 100.06 billion
Bilateral trade crossed USD 100.06 billion in FY 2024-25, a growth of 19.6%.
India and the UAE have set a target of USD 100 billion by 2030 for which category of bilateral trade?
Show answer
Correct answer: C — Non-oil, non-precious-metal trade
Both sides reaffirmed the commitment to expand non-oil/non-precious-metal trade towards USD 100 billion by 2030.
Which state won the Gold Medal in the Partner State category at IITF 2025?
Show answer
Correct answer: D — Rajasthan
In the Partner State category Rajasthan won gold, Bihar silver and Uttar Pradesh bronze; Maharashtra got a special commendation.
At the 44th IITF (2025), which state won the Gold Medal in the 'States and Union Territories' category?
Show answer
Correct answer: B — Odisha
Odisha won gold, Madhya Pradesh silver and Puducherry bronze in the States and UTs category.
What is the financial outlay of the scheme approved by the Cabinet in November 2025 to promote manufacturing of sintered Rare Earth Permanent Magnets?
Show answer
Correct answer: C — ₹7,280 crore
The scheme has an outlay of ₹7,280 crore: ₹6,450 crore sales-linked incentives and ₹750 crore capital subsidy.
The REPM scheme approved in November 2025 aims to create how much integrated manufacturing capacity per year?
Show answer
Correct answer: C — 6,000 tonnes
It aims to establish 6,000 MTPA of integrated REPM manufacturing, split among five beneficiaries of up to 1,200 MTPA each.
Consider the following statements about the REPM scheme approved in November 2025: 1. Capacity will be allotted to five beneficiaries through a global competitive bidding process. 2. The total scheme duration is 5 years, with no gestation period. Which of the statements given above is/are correct?
Show answer
Correct answer: A — 1 only
Statement 1 is correct. Statement 2 is wrong: the scheme runs 7 years from award, including a 2-year gestation period and 5 years of incentives.
The Safran Aircraft Engine Services India (SAESI) facility inaugurated on 26 November 2025 services which engines?
Show answer
Correct answer: B — LEAP
SAESI is Safran's MRO facility for LEAP engines, which power the Airbus A320neo and Boeing 737 MAX.
Where is the Safran Aircraft Engine Services India (SAESI) facility located?
Show answer
Correct answer: C — Hyderabad (RGIA)
It is located at the GMR Aerospace and Industrial Park–SEZ, Rajiv Gandhi International Airport, Hyderabad.
The SAESI facility is designed to service up to how many LEAP engines annually?
Show answer
Correct answer: D — 300
SAESI is designed to service up to 300 LEAP engines annually and to employ over 1,000 technicians and engineers by 2035.
Which company won all three coal blocks auctioned in the 13th round of commercial coal mine auctions (November 2025)?
Show answer
Correct answer: A — Damodar Valley Corporation
Damodar Valley Corporation submitted the closing bids for Pirpainti Barahat, Dhulia North and Mandakini-B.
The Mandakini-B coal block auctioned in the 13th round of commercial coal auctions is located in which state?
Show answer
Correct answer: D — Odisha
Mandakini-B is in Odisha; Pirpainti Barahat and Dhulia North are in Jharkhand.
Which of the following districts is NOT among those where limestone blocks were identified for J&K's first limestone auction (November 2025)?
Show answer
Correct answer: D — Baramulla
The seven blocks (about 314 ha) are in Anantnag, Rajouri and Poonch districts.
J&K's first limestone block auction is being conducted by the Centre under which provision?
Show answer
Correct answer: B — Section 11(4) and 11(5) of the MMDR Act
Sub-sections (4) and (5) of Section 11 of the MMDR Act enable the Central Government to facilitate auctions where States/UTs face procedural limitations.
An Indian textiles delegation attended the 11th BACSA International Conference – CULTUSERI 2025 in November 2025 in which country?
Show answer
Correct answer: B — Georgia
The delegation's engagement in Georgia (17–21 November 2025) included participation in CULTUSERI 2025.
Which body showcased the '5-in-1 Silk Stole' combining Mulberry, Oak Tasar, Tropical Tasar, Muga and Eri silks?
Show answer
Correct answer: D — Central Silk Board
The Central Silk Board (CSB) showcased the 5-in-1 Silk Stole during the visit to Georgia.
'Operation Filter Out', under which large quantities of foreign-origin cigarettes were seized in November 2025, was conducted by:
Show answer
Correct answer: B — Directorate of Revenue Intelligence
The Directorate of Revenue Intelligence (DRI) seized foreign-origin cigarettes under Operation Filter Out.
The seizures under DRI's 'Operation Filter Out' at Kanhmun and Lunglei in November 2025 took place in which state?
Show answer
Correct answer: D — Mizoram
Both seizures — Kanhmun (21 Nov) and Lunglei (22 Nov) — were in Mizoram.
In November 2025, the Ministry of Steel suspended QCO enforcement on 42 Indian Standards for steel grades used mainly in engineered products, automotive and durable goods for a period of:
Show answer
Correct answer: C — Three years
Enforcement on these 42 standards was suspended for three years; enforcement on 13 specialty-steel standards under PLI 1.2 was suspended for one year.
According to the final estimates for 2024-25 released in November 2025, India's total foodgrain production was:
Show answer
Correct answer: C — 357.73 million tonnes
Foodgrain production in 2024-25 reached a record 357.73 million tonnes, up from 332.30 million tonnes in 2023-24.
As per the final estimates for 2024-25, India's total oilseed production was estimated at:
Show answer
Correct answer: B — 429.89 lakh tonnes
Oilseed output in 2024-25 was a record 429.89 lakh tonnes, 33.20 lakh tonnes more than 396.69 lakh tonnes in 2023-24.
Consider the following statements about the final crop production estimates for 2024-25: 1. Rice production reached a record 1,501.84 lakh tonnes. 2. Maize production fell compared with 2023-24. Which of the statements given above is/are correct?
Show answer
Correct answer: A — 1 only
Statement 1 is correct. Statement 2 is wrong: maize rose to 434.09 lakh tonnes from 376.65 lakh tonnes in 2023-24.
How did the combined Index of Eight Core Industries perform in October 2025 compared with October 2024?
Show answer
Correct answer: D — Remained unchanged at 162.4
The combined ICI remained unchanged at 162.4 (provisional). 3.3% was September's final growth and 2.5% the April–October cumulative growth.
Consider the following statements about the Index of Eight Core Industries for October 2025: 1. Electricity generation rose in October 2025 over October 2024. 2. The eight core industries comprise 40.27% of the weight of items in the Index of Industrial Production. Which of the statements given above is/are correct?
Show answer
Correct answer: B — 2 only
Statement 1 is wrong: electricity generation declined by 7.6%. Statement 2 is correct.
Which of the following core industries recorded positive growth in October 2025?
Show answer
Correct answer: C — Cement
Cement grew 5.3% (along with fertilizers, steel and refinery products). Coal, natural gas and electricity declined.
The GeM–UN Women MoU of November 2025 expands market access for women entrepreneurs under which GeM initiative?
Show answer
Correct answer: B — Womaniya
The MoU expands market access for women entrepreneurs under GeM's 'Womaniya' initiative.
Government e-Marketplace (GeM), which signed an MoU with UN Women in November 2025, functions under which ministry?
Show answer
Correct answer: C — Ministry of Commerce and Industry
GeM is under the Ministry of Commerce and Industry.
Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL), launched by NHAI in November 2025, is the investment manager for which proposed public InvIT?
Show answer
Correct answer: A — Raajmarg Infra Investment Trust (RIIT)
RIIMPL is the investment manager for the proposed public InvIT, Raajmarg Infra Investment Trust (RIIT).
Approximately how many kilometres of operational National Highways does NHAI plan to place in its public InvIT over the next 3–5 years?
Show answer
Correct answer: C — 1,500 km
Around 1,500 km of completed and operational National Highways will be introduced into the public InvIT over 3–5 years.
Under TRAI's Direction of November 2025, by when must commercial banks onboard the '1600' numbering series?
Show answer
Correct answer: A — 1 January 2026
Commercial banks (public, private and foreign) must onboard by 1 January 2026. 15 February is for MFs/AMCs and 15 March for qualified stockbrokers.
Which numbering series has TRAI mandated for service and transactional calls by entities regulated by RBI, SEBI and PFRDA?
Show answer
Correct answer: D — 1600
The '1600' series, assigned by DoT, is meant for BFSI entities and government organisations. 140 is for promotional calls and 1800 for toll-free numbers.
To what capacity is Rourkela Steel Plant planned to be expanded by 2030, as announced in November 2025?
Show answer
Correct answer: B — 9.8 million tonnes
The plan is to double RSP's capacity to 9.8 million tonnes by 2030.
Consider the following statements about Rourkela Steel Plant: 1. It is India's first public sector integrated steel plant. 2. It is located in Jharkhand. Which of the statements given above is/are correct?
Show answer
Correct answer: A — 1 only
Statement 1 is correct. Statement 2 is wrong: Rourkela Steel Plant is in Odisha.
NIC 2025, released by MoSPI in November 2025, uses which coding structure?
Show answer
Correct answer: C — 6-digit
NIC 2025 introduces a 6-digit coding structure in place of the 5-digit structure of NIC 2008.
The National Industrial Classification 2025 is aligned with which international standard?
Show answer
Correct answer: B — ISIC Revision 5
NIC 2025 is aligned with ISIC Revision 5 developed by the UN Statistics Division. NIC 2008 was based on ISIC Rev 4.
Where was NIC 2025 released during the culmination ceremony of the 75th anniversary of the National Sample Survey?
Show answer
Correct answer: D — Udaipur
NIC 2025 was released at Udaipur on 18 November 2025.
How many new applicants were approved under the PLI Scheme for Textiles in Round 3, as announced in November 2025?
Show answer
Correct answer: B — 17
17 new applicants were approved in Round 3; 74 had been approved in the first two rounds.
What is the approved outlay of the PLI Scheme for Textiles notified in September 2021?
Show answer
Correct answer: C — ₹10,683 crore
The scheme was notified on 24 September 2021 with an approved outlay of ₹10,683 crore.
Who is the Chairman of the Sixteenth Finance Commission, which submitted its report in November 2025?
Show answer
Correct answer: B — Arvind Panagariya
Dr Arvind Panagariya heads the Sixteenth Finance Commission. N.K. Singh headed the Fifteenth.
The report of the Sixteenth Finance Commission covers which award period?
Show answer
Correct answer: C — 2026-27 to 2030-31
The report covers five years starting 1 April 2026, i.e. 2026-27 to 2030-31.
Consider the following statements about the Sixteenth Finance Commission: 1. It was constituted by the President under Article 280(1) of the Constitution. 2. Its report will be laid before Parliament under Article 275. Which of the statements given above is/are correct?
Show answer
Correct answer: A — 1 only
Statement 1 is correct. Statement 2 is wrong: the report is laid before Parliament by the Finance Minister under Article 281. Article 275 deals with grants-in-aid to States.
India's total exports (merchandise and services) during April–October 2025 are estimated at:
Show answer
Correct answer: D — US$ 491.80 billion
Total exports in April–October 2025 were estimated at US$ 491.80 billion, up 4.84% from US$ 469.11 billion. US$ 254.25 billion is merchandise only.
By how much did India's electronic goods exports grow in October 2025 over October 2024?
Show answer
Correct answer: C — 19.05%
Electronic goods exports rose 19.05% to US$ 4.08 billion. 30.87% was meat, dairy and poultry; 11.08% marine products; 10.91% coffee.
Under India's first structured LPG import contract with the US (announced November 2025), roughly how much LPG will be imported in contract year 2026?
Show answer
Correct answer: C — 2.2 MTPA
PSU oil companies will import about 2.2 MTPA of LPG from the US Gulf Coast, close to 10% of India's annual LPG imports.
Which pricing benchmark is used for India's 2026 LPG import contract with the US?
Show answer
Correct answer: B — Mount Belvieu
The discussions with US producers were based on Mount Belvieu as the benchmark for LPG purchases. Saudi CP is the usual Middle East benchmark; Henry Hub is for natural gas.
How many proposals were approved in the second tranche under the Electronics Components Manufacturing Scheme in November 2025?
Show answer
Correct answer: C — 17
17 proposals were approved in the second tranche, after 7 in the first.
ARKA-GKT1, India's first-generation energy-efficient edge silicon chip launched in November 2025, was jointly developed by:
Show answer
Correct answer: A — Cyient Semiconductors and Azimuth AI
ARKA-GKT1 was jointly developed by Cyient Semiconductors Pvt Ltd and Azimuth AI.
What was the unemployment rate for persons aged 15 years and above in October 2025, as per the PLFS monthly bulletin?
Show answer
Correct answer: C — 5.2%
The unemployment rate stayed at 5.2% in October 2025, the same as in September 2025.
The labour force participation rate (persons aged 15+) in October 2025, a six-month high, was:
Show answer
Correct answer: B — 55.4%
LFPR reached a six-month high of 55.4%. 52.5% was the worker population ratio.
The Terms of Reference for the India–Eurasian Economic Union FTA in goods, signed on 20 August 2025, outline a work plan of:
Show answer
Correct answer: B — 18 months
The ToR signed on 20 August 2025 outlines an 18-month work plan.
What bilateral trade target have India and Russia set for 2030?
Show answer
Correct answer: C — US$ 100 billion
The leaders have directed that India–Russia bilateral trade reach US$ 100 billion by 2030.
PLEXCONCIL, which celebrated its Platinum Jubilee in November 2025, completed how many years?
Show answer
Correct answer: D — 70
PLEXCONCIL completed 70 years of service to India's plastics export industry.
What export earnings target did Piyush Goyal set for India's plastics industry over the next five years at PLEXCONCIL's 70th-year event?
Show answer
Correct answer: C — US$ 25 billion
He urged the industry to target export earnings of US$ 25 billion and a domestic market of US$ 100 billion over five years.
What was India's annual WPI-based inflation rate (provisional) for October 2025?
Show answer
Correct answer: A — −1.21%
WPI inflation was (−) 1.21% in October 2025. 0.13% was September's rate; 1.54% was manufactured products.
What is the base year of India's current Wholesale Price Index series?
Show answer
Correct answer: B — 2011-12
The WPI series uses 2011-12 as its base year.
Which edition of the CII Partnership Summit was held in Visakhapatnam in November 2025?
Show answer
Correct answer: B — 30th
The 30th CII Partnership Summit was held in Visakhapatnam and inaugurated by the Vice-President.
Where is India's first Drone City, whose foundation stone was laid in November 2025, coming up?
Show answer
Correct answer: A — Orvakal Industrial Node, near Kurnool
The Drone City is at the Orvakal Industrial Node near Kurnool on about 300 acres; the Space City is near Sriharikota.
What was the theme of the 30th CII Partnership Summit 2025?
Show answer
Correct answer: D — Technology, Trust & Trade – Navigating the New Geoeconomic Order
The theme was 'Technology, Trust & Trade – Navigating the New Geoeconomic Order'.
Which state is the Focus State at the 44th India International Trade Fair (IITF) 2025?
Show answer
Correct answer: B — Jharkhand
Jharkhand is the Focus State; Bihar, Maharashtra, Rajasthan and Uttar Pradesh are Partner States.
What is the theme of the 44th India International Trade Fair 2025?
Show answer
Correct answer: D — Ek Bharat Shreshtha Bharat
IITF 2025 is centred on the theme 'Ek Bharat Shreshtha Bharat'.
How many applications did the 4th round of the PLI Scheme for White Goods (ACs and LED lights) attract, as announced in November 2025?
Show answer
Correct answer: B — 13
The round drew 13 applications with a net committed investment of ₹1,914 crore. 80 is the total number of approved beneficiaries so far.
Which department launched the 4th round of the PLI Scheme for White Goods?
Show answer
Correct answer: D — Department for Promotion of Industry and Internal Trade
The 4th round was launched by the Department for Promotion of Industry and Internal Trade (DPIIT).
Which edition of the India–Canada Ministerial Dialogue on Trade and Investment was held in November 2025?
Show answer
Correct answer: D — 7th
Piyush Goyal and Maninder Sidhu held the 7th edition of the MDTI.
Which Canadian minister visited India from 11 to 14 November 2025 for the trade dialogue with Piyush Goyal?
Show answer
Correct answer: B — Maninder Sidhu
Maninder Sidhu, Canada's Minister of Export Promotion, International Trade and Economic Development, made the visit.
The Letter of Exchange signed by India and Nepal in November 2025 facilitates rail freight on which cross-border rail link?
Show answer
Correct answer: B — Jogbani–Biratnagar
The LoE enables direct containerised and bulk rail cargo on the Jogbani (India)–Biratnagar (Nepal) link.
Consider the following statements about the India–Nepal Letter of Exchange of November 2025: 1. It amends the Protocol to the India–Nepal Treaty of Transit. 2. The Jogbani–Biratnagar rail link it uses was jointly inaugurated by the two Prime Ministers on 1 June 2023. Which of the statements given above is/are correct?
Show answer
Correct answer: C — Both 1 and 2
The LoE amends the Protocol to the Treaty of Transit, and the Jogbani–Biratnagar link, built with Indian grant aid, was inaugurated on 1 June 2023.