Economy Current Affairs Quiz — All time
Daily news by your exam, state and topic — each with a short summary, key facts and MCQs.
In which city did APEDA open its first office in Bihar on 11 September 2025?
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Correct answer: A — Patna
Piyush Goyal inaugurated APEDA's regional office in Patna at the Bihar Idea Festival on 11 September 2025.
Which GI-tagged product from Bihar was flagged off in a 7-tonne export consignment at the APEDA Patna office inauguration?
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Correct answer: D — Mithila Makhana
A 7 metric ton consignment of GI-tagged Mithila Makhana was flagged off for New Zealand, Canada and the USA, exported by Neha Arya of Darbhanga.
The $126.42 million ADB loan signed with India in September 2025 is for tourism development around which lake?
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Correct answer: C — Tehri Lake
The loan supports the Sustainable, Inclusive, and Climate-Resilient Tourism Development at Tehri Lake Area Project in Uttarakhand.
Which district of Uttarakhand is targeted by the ADB-funded climate-resilient tourism project signed in September 2025?
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Correct answer: B — Tehri Garhwal
The project targets Tehri Garhwal district, one of Uttarakhand's most climate-vulnerable and economically disadvantaged regions.
How many annual visitors is the ADB Tehri Lake tourism project expected to benefit?
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Correct answer: D — 2.7 million
The project aims to benefit over 87,000 residents and 2.7 million annual visitors.
On 10 September 2025, how did PM Modi describe India and the US while responding to President Trump's post?
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Correct answer: C — Close friends and natural partners
PM Modi said: 'India and the US are close friends and natural partners', adding that the teams were working to conclude trade discussions at the earliest.
Where was the 28th Universal Postal Congress, at which India launched the UPI–UPU Integration project, held in September 2025?
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Correct answer: D — Dubai
Jyotiraditya Scindia unveiled the UPI–UPU Integration project at the 28th Universal Postal Congress in Dubai, UAE.
The UPI–UPU Integration project links India's UPI with which UPU system?
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Correct answer: B — UPU Interconnection Platform (IP)
The project integrates India's Unified Payments Interface (UPI) with the UPU Interconnection Platform (IP), combining the postal network's reach with UPI's speed and affordability.
How much financial support did India commit to the global postal sector during this UPU cycle, as announced at the Dubai Congress?
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Correct answer: C — USD 10 million
Scindia announced India's commitment of 10 million dollars during this cycle to channel technology into innovation, with special focus on e-commerce and digital payments.
Consider the following statements about the UPI–UPU Integration project: 1. It was developed jointly by the Department of Posts, NPCI International Payments Limited and the Universal Postal Union. 2. At the Congress, India announced its candidature for the UPU's Council of Administration and Postal Operations Council. Which of the above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct: the project was developed by the Department of Posts, NIPL and the UPU, and Scindia announced India's candidature for the Council of Administration and the Postal Operations Council.
How many new Indian fishery establishments did the European Union list for exports, as announced in September 2025?
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Correct answer: D — 102
The EU listed 102 new Indian fishery establishments for export to EU member countries in 2025.
Which Indian body implements the official control mechanisms whose robustness led to the EU listing of 102 new fishery establishments?
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Correct answer: B — Export Inspection Council (EIC)
The ministry said the meetings built confidence in India's robust official control mechanisms implemented by the Export Inspection Council (EIC).
What was the record value of exports supported by ECGC in FY 2024-25, as reported at its 67th AGM?
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Correct answer: B — ₹8.55 lakh crore
ECGC said the value of exports supported in FY 2024-25 was an all-time high of ₹8.55 lakh crore, a growth of 17%.
Who signed the India–Israel Bilateral Investment Agreement on behalf of Israel in New Delhi on 8 September 2025?
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Correct answer: C — Bezalel Smotrich
Israel's Finance Minister Bezalel Smotrich signed the BIA with Union Finance Minister Nirmala Sitharaman.
According to the Government of India, what is the present level of bilateral investment between India and Israel, cited at the signing of the BIA in September 2025?
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Correct answer: A — About USD 800 million
The release said bilateral investments presently stand at a total of USD 800 million.
Consider the following statements about the India–Israel Bilateral Investment Agreement signed in September 2025: 1. It provides an independent dispute resolution mechanism through arbitration. 2. It removes the host State's right to regulate in the public interest in favour of investor protection. Which of the above is/are correct?
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Correct answer: A — 1 only
The BIA provides arbitration-based dispute resolution, but the government said it balances investor protection with the State's regulatory rights, preserving policy space. So only statement 1 is correct.
Which of the following was NOT listed as an area of cooperation committed to by the Finance Ministers of India and Israel at the BIA signing in September 2025?
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Correct answer: D — Joint space exploration
The ministers committed to cooperation in fintech innovation, infrastructure development, financial regulation and digital payment connectivity; space exploration was not listed.
President Droupadi Murmu attended the Platinum Jubilee celebrations of which export promotion council on 8 September 2025?
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Correct answer: B — Engineering Export Promotion Council (EEPC) India
The President graced the Platinum Jubilee of the Engineering Export Promotion Council (EEPC) India in New Delhi.
According to President Murmu at the EEPC India Platinum Jubilee, India's engineering exports rose from about $70 billion to what level over the last 10 years?
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Correct answer: D — Over $115 billion
The President said engineering exports increased from 70 billion dollars to more than 115 billion dollars in the last 10 years.
Quoting which report did Labour Minister Mansukh Mandaviya say in September 2025 that India's unemployment rate is 2%, the lowest among G20 nations?
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Correct answer: C — WEF Future of Jobs Report 2025
The Minister quoted the World Economic Forum's 'The Future of Jobs Report 2025'.
AURIC (Shendra–Bidkin Industrial Area), which marked six years in September 2025, is located in which city?
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Correct answer: B — Chhatrapati Sambhajinagar
AURIC (Shendra–Bidkin Industrial Area) is in Chhatrapati Sambhajinagar, Maharashtra.
AURIC in Maharashtra is an integral part of which industrial corridor?
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Correct answer: C — Delhi–Mumbai Industrial Corridor
The ministry said AURIC is an integral part of the Delhi–Mumbai Industrial Corridor (DMIC).
Where was the SCO Trade Ministers' Meeting held on 6 September 2025?
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Correct answer: D — Vladivostok
The SCO Trade Ministers' Meeting was held in Vladivostok on 6 September 2025.
According to India's statement at the SCO Trade Ministers' Meeting in September 2025, the SCO accounts for what share of global trade?
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Correct answer: A — 17.2%
India noted the SCO accounts for 42% of the world's population and 17.2% of global trade.
At the SCO Trade Ministers' Meeting in September 2025, India sought a permanent solution on 'Public Stockholding (PSH)'. In WTO negotiations, PSH relates to:
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Correct answer: B — Public stockholding of food grains for food security purposes
India called for a permanent solution on Public Stockholding (PSH) for food security purposes, along with effective special and differential treatment.
Who represented the Union Commerce Minister at the SCO Trade Ministers' Meeting in Vladivostok on 6 September 2025?
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Correct answer: C — Amitabh Kumar, Additional Secretary, Department of Commerce
Amitabh Kumar, Additional Secretary, Department of Commerce, represented the Union Minister of Commerce and Industry.
Under IEPFA's September 2025 proposal for simplified documentation, what is the claim value limit for demat securities?
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Correct answer: D — Up to ₹15 lakh
The proposals would apply to claims up to ₹5 lakh (physical securities), ₹15 lakh (demat securities) and dividends up to ₹10,000.
The Investor Education and Protection Fund Authority (IEPFA) functions under which ministry?
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Correct answer: B — Ministry of Corporate Affairs
IEPFA was established on 7 September 2016 under the Ministry of Corporate Affairs.
In which year was the Investor Education and Protection Fund Authority (IEPFA) established?
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Correct answer: C — 2016
IEPFA was established on 7 September 2016 under the Ministry of Corporate Affairs.
According to the Department of Pharmaceuticals at India MedTech Expo 2025, India's domestic share in medical devices rose from under 10% to what level over five years?
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Correct answer: C — 30%
Secretary Amit Agrawal said the domestic share rose from under 10% to 30% in the last five years (20% for high-end products).
Where was the second edition of India MedTech Expo 2025 held from 4 to 6 September 2025?
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Correct answer: D — Bharat Mandapam, New Delhi
The 2nd edition of India MedTech Expo 2025 was held at Bharat Mandapam, Pragati Maidan, New Delhi.
Which country promised at India MedTech Expo 2025 to work with India to harmonise regulatory approvals for medical devices?
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Correct answer: B — Algeria
Algeria promised to work together with India to harmonise regulatory approvals for medical devices.
According to the Department of Pharmaceuticals at India MedTech Expo 2025, India's medical device exports have risen to what level in the last five years?
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Correct answer: D — More than $4 billion
The release said medical device exports jumped to more than $4 billion in the last five years.
Which DRDO establishment held a conclave on 6 September 2025 to engage MSMEs and start-ups for the Uttar Pradesh Defence Industrial Corridor?
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Correct answer: A — Defence Technology and Test Centre (DTTC), Lucknow
DRDO's Defence Technology and Test Centre (DTTC), Lucknow, held the conclave at its Amausi campus.
Fast-track mergers, whose scope was widened by the MCA in September 2025, are governed by which section of the Companies Act, 2013?
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Correct answer: C — Section 233
Section 233 of the Companies Act, 2013 provides for fast-track mergers through Central Government approval.
Under Section 233 of the Companies Act, 2013, the Central Government's power to approve fast-track mergers is delegated to:
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Correct answer: A — Regional Directors
The release says fast-track mergers are approved by the Central Government, delegated to Regional Directors.
Consider the following statements about the September 2025 amendment widening fast-track mergers: 1. Before the amendment, Section 233 already allowed mergers between two or more small companies. 2. The amendment allows fast-track mergers of subsidiaries of the same holding company even where the transferor company is listed. Which of the above is/are correct?
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Correct answer: A — 1 only
Section 233(1) already covered small companies and holding–wholly owned subsidiary mergers. The new class for fellow subsidiaries applies only where the transferor company is not listed, so statement 2 is wrong.
Where was SEMICON India 2025 held from 2 to 4 September 2025?
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Correct answer: C — Yashobhoomi, Dwarka, New Delhi
SEMICON India 2025 concluded at Yashobhoomi, Dwarka, New Delhi.
Participants from how many countries and regions took part in SEMICON India 2025?
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Correct answer: D — 48
The event brought together over 350 exhibiting companies and participants from 48 countries and regions.
Who is the President of the European Council who held a joint telephone call with PM Modi on 4 September 2025?
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Correct answer: D — António Costa
PM Modi held a joint call with European Council President António Costa and European Commission President Ursula von der Leyen.
Which connectivity corridor's implementation was reaffirmed in PM Modi's joint call with EU leaders on 4 September 2025?
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Correct answer: B — IMEEC
The leaders reaffirmed commitment to an early India–EU FTA and implementation of the IMEEC corridor.
During the joint call of 4 September 2025, PM Modi invited the EU leaders to India for:
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Correct answer: B — The next India–EU Summit
The PIB release says the Prime Minister invited the two leaders to India for the next India–EU Summit.
What is the outlay of the critical mineral recycling incentive scheme approved by the Union Cabinet on 3 September 2025?
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Correct answer: B — ₹1,500 crore
The Cabinet approved a ₹1,500 crore Incentive Scheme to develop critical mineral recycling capacity.
The critical mineral recycling incentive scheme approved in September 2025 is part of which mission?
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Correct answer: C — National Critical Mineral Mission
The scheme is part of the National Critical Mineral Mission (NCMM), aimed at domestic capacity and supply chain resilience in critical minerals.
What share of the critical mineral recycling scheme's outlay is earmarked for small and new recyclers, including start-ups?
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Correct answer: D — One-third
One-third of the scheme outlay has been earmarked for small, new recyclers including start-ups.
Consider the following statements about the critical mineral recycling incentive scheme approved in September 2025: 1. Units engaged only in black mass production are eligible for incentives. 2. The total incentive per large entity is capped at ₹50 crore. Which of the above is/are correct?
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Correct answer: B — 2 only
The scheme covers only the value chain involved in actual extraction of critical minerals, not black mass production alone, so statement 1 is wrong. Total incentive is capped at ₹50 crore for large entities and ₹25 crore for small ones.
Under the two-rate GST structure approved by the 56th GST Council, what are the standard rate and the merit rate?
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Correct answer: B — 18% and 5%
The Council rationalised the four-tier structure into a two-rate 'Simple Tax' with a standard rate of 18% and a merit rate of 5%.
What special de-merit rate did the 56th GST Council approve for a select few goods and services?
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Correct answer: D — 40%
Alongside the 18% and 5% rates, the Council approved a special de-merit rate of 40% for a select few goods and services.
From which date did the GST rate changes on services recommended by the 56th GST Council take effect?
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Correct answer: A — 22 September 2025
The changes in GST rates on services, and on all goods except pan masala, gutkha, cigarettes and other tobacco products, were to be implemented from 22 September 2025.
Consider the following statements about the decisions of the 56th GST Council: 1. All individual life and health insurance policies were exempted from GST. 2. GST on small cars and motorcycles of up to 350cc was reduced from 28% to 18%. Which of the above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct: the Council exempted all individual life insurance (term, ULIP, endowment) and individual health insurance policies, and cut GST on small cars and motorcycles up to 350cc from 28% to 18%.
To correct the inverted duty structure in the manmade textile sector, the 56th GST Council reduced GST on manmade fibre from 18% to:
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Correct answer: B — 5%
The Council corrected the long-pending inverted duty structure by reducing GST on manmade fibre from 18% to 5% and on manmade yarn from 12% to 5%.
The Quarterly Bulletin of Unincorporated Sector Enterprises (QBUSE), first released in September 2025, is the quarterly edition of which survey?
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Correct answer: C — Annual Survey of Unincorporated Sector Enterprises
QBUSE is the quarterly edition of the Annual Survey of Unincorporated Sector Enterprises (ASUSE).
According to the first QBUSE, employment in the unincorporated sector in January–March 2025 was:
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Correct answer: D — 13.13 crore
Employment crossed 13 crore for the first time in January–March 2025, reaching 13.13 crore.
Consider the following statements based on the first QBUSE released in September 2025: 1. The number of unincorporated establishments was higher in April–June 2025 than in January–March 2025. 2. Female workers accounted for over 28% of total employment in both quarters. Which of the above is/are correct?
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Correct answer: C — Both 1 and 2
Establishments rose from 7.85 crore (January–March) to 7.94 crore (April–June 2025), and women made up over 28% of employment in both quarters. Both statements are correct.
Where did PM Modi inaugurate SEMICON India 2025 on 2 September 2025?
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Correct answer: B — Yashobhoomi, New Delhi
The Prime Minister inaugurated SEMICON India 2025 at Yashobhoomi in New Delhi.
At SEMICON India 2025, PM Modi described chips as:
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Correct answer: B — Digital diamonds
The PIB release quotes the Prime Minister: 'Chips are digital diamonds'.
The India Semiconductor Mission, whose first Made-in-India chips were presented to the PM in September 2025, was launched in:
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Correct answer: A — December 2021
Launched in December 2021, the ISM moved from approvals to production in about three and a half years.
The 'Deep Tech Alliance' announced at SEMICON India 2025 has close to how much committed?
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Correct answer: D — $1 billion
Ashwini Vaishnaw announced the Deep Tech Alliance with close to a billion dollars already committed.
Consider the following statements made at SEMICON India 2025: 1. The first set of Made-in-India chips presented to the PM came from a pilot line. 2. ISM 2.0 is planned to cover only chip design, leaving fabs and OSAT out of scope. Which of the above is/are correct?
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Correct answer: A — 1 only
The first chips came from a pilot line. ISM 2.0 will broaden support for fabs, OSAT units, capital equipment and materials to cover the entire value chain, so statement 2 is wrong.
When was India's Account Aggregator framework officially launched?
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Correct answer: C — 2 September 2021
The AA framework was officially launched on 2 September 2021; RBI's Master Directions had been issued in 2016.
In India's Digital Public Infrastructure stack, the Account Aggregator framework serves as which layer?
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Correct answer: C — Data exchange layer
AA was recognised during India's G20 Presidency as the data exchange layer, complementing Aadhaar (identity) and UPI (payments).
Consider the following statements about the Account Aggregator ecosystem as of September 2025: 1. RBI issued the Master Directions for Account Aggregators in 2016, before the framework's official launch. 2. Fewer than 50 crore financial accounts have been enabled for data sharing through the framework. Which of the above is/are correct?
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Correct answer: A — 1 only
RBI issued the Master Directions in 2016 and the framework launched in 2021. Over 2.2 billion (220 crore) accounts are enabled, so statement 2 is wrong.
Which body launched the BHARATI initiative in September 2025 to empower 100 agri-food startups?
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Correct answer: B — APEDA
The Agricultural and Processed Food Products Export Development Authority (APEDA) launched BHARATI.
APEDA's BHARATI initiative supports its vision of achieving how much in agri-food exports of Scheduled Products by 2030?
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Correct answer: C — $50 billion
BHARATI is conceived as part of APEDA's vision to achieve $50 billion in agri-food exports for its Scheduled Products by 2030.
In September 2025, the CCI approved the acquisition of certain share capital and voting rights of YES Bank by which bank?
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Correct answer: D — Sumitomo Mitsui Banking Corporation
The CCI approved the acquisition of certain share capital and voting rights of YES Bank by Japan's Sumitomo Mitsui Banking Corporation.
Sumitomo Mitsui Banking Corporation, which got CCI approval for a YES Bank stake in September 2025, has an offshore branch in India at:
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Correct answer: A — GIFT City, Gandhinagar
The CCI release says SMBC has branches in New Delhi, Mumbai and Chennai and an offshore branch in GIFT City, Gandhinagar.
President Droupadi Murmu attended the 120th foundation day of which bank in Chennai on 2 September 2025?
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Correct answer: D — City Union Bank
The President attended the 120th foundation day celebrations of City Union Bank in Chennai.
India Post Payments Bank celebrated which Foundation Day on 1 September 2025?
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Correct answer: C — 8th
IPPB celebrated its 8th Foundation Day, known as IPPB Day, on 1 September 2025.
As of its 8th Foundation Day in September 2025, India Post Payments Bank had onboarded over how many customers?
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Correct answer: D — 12 crore
The bank has successfully onboarded over 12 crore customers, using more than 1.64 lakh post offices.
On 31 August 2025, the Department of Posts completely suspended booking of all mail to the USA. Which items, earlier allowed, were now also covered?
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Correct answer: B — Letters, documents and gift items valued up to USD 100
The notice extended the suspension to all categories, including letters, documents and gift items valued up to USD 100.
Consider the following statements about the Department of Posts' notice of 31 August 2025 on US-bound mail: 1. It followed a review of an earlier Public Notice dated 22 August 2025. 2. Customers whose booked items could not be dispatched are not eligible for any refund. Which of the above is/are correct?
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Correct answer: A — 1 only
Statement 1 is correct. Statement 2 is wrong: customers whose booked items could not be dispatched may claim a refund of postage.
At the first Sports Goods Manufacturing Conclave (30 August 2025), what target was set for India's share of global sports goods manufacturing by 2036?
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Correct answer: C — 25%
Dr. Mandaviya said India must raise its global share from 1% now to 25% by 2036.
The two nutritional supplement testing referral labs announced on 30 August 2025 are located at:
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Correct answer: B — NFSU Gandhinagar and NIPER Hyderabad
The labs are at the National Forensic Sciences University, Gandhinagar, and the Analytical Testing Laboratory of NIPER Hyderabad.
Consider the following statements: 1. 'Sports Goods Manufacturing' has been included in the Allocation of Business Rules, 1961 under the Ministry of Commerce and Industry. 2. The supplement testing labs announced in August 2025 were set up under a tripartite MoU between MYAS, FSSAI and the respective institutions. Which of the above is/are correct?
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Correct answer: B — 2 only
Statement 1 is wrong: the subject was added under the Ministry of Youth Affairs and Sports. Statement 2 is correct.
India's first tempered glass manufacturing facility for mobile devices, inaugurated on 30 August 2025, is located at:
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Correct answer: B — Noida
Ashwini Vaishnaw inaugurated the facility at Noida.
The Noida tempered glass facility inaugurated on 30 August 2025 has been set up by Optiemus Electronics in collaboration with:
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Correct answer: C — Corning Incorporated
The facility is a collaboration between Optiemus Electronics and Corning Incorporated, USA, and will use the 'Engineered by Corning' brand.
Consider the following statements made by Minister Ashwini Vaishnaw on 30 August 2025: 1. Electronics manufacturing in India has grown ten times in the past 11 years. 2. India's electronics exports have crossed ₹5 lakh crore. Which of the above is/are correct?
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Correct answer: D — Neither 1 nor 2
Neither is correct. The Minister said electronics production grew six times in 11 years to ₹11.5 lakh crore, with exports of over ₹3 lakh crore and 2.5 million jobs.
In the fake GST invoice case uncovered by DGGI Belagavi (August 2025), the accused was arrested under which provision?
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Correct answer: B — Section 69 of the CGST Act, 2017
The PIB release says the accused was arrested under Section 69 of the CGST Act, 2017 in Bengaluru.