Economy Current Affairs Quiz — All time
Daily news by your exam, state and topic — each with a short summary, key facts and MCQs.
What was India's annual WPI inflation rate (provisional) for June 2025?
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Correct answer: C — -0.13%
Commerce Ministry: annual rate of inflation based on all-India WPI is -0.13% (provisional) for June 2025.
What is the base year of the Wholesale Price Index series used for the June 2025 data?
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Correct answer: A — 2011-12
Commerce Ministry release title: Index Numbers of Wholesale Price in India for the Month of June, 2025 (Base Year: 2011-12). CPI uses base 2012.
Under the long-term agreements signed on 13 July 2025, how much DAP will Saudi Arabia's Maaden supply to Indian companies per annum from 2025-26?
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Correct answer: A — 3.1 million metric tonnes
Ministry of Chemicals & Fertilizers: overall enhanced 3.1 million MT of DAP per annum for five years from 2025-26. (1.9 MMT was India's 2024-25 import from Saudi Arabia.)
Which Saudi company signed long-term DAP supply agreements with IPL, KRIBHCO and CIL during J.P. Nadda's visit in July 2025?
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Correct answer: C — Maaden
Ministry of Chemicals & Fertilizers: the two Ministers witnessed the signing of Long-Term Agreements between Maaden and Indian companies IPL, KRIBHCO and CIL.
Consider the following statements about J.P. Nadda's July 2025 visit to Saudi Arabia: 1. The DAP supply agreements run for five years from 2025-26 and can be extended by five more years by mutual consent. 2. A joint team led by India's Secretary (Fertilizer) and Saudi Arabia's Vice Minister for Mining Affairs was set up. 3. India's DAP imports from Saudi Arabia fell in 2024-25 compared with the previous year. Which of the statements given above is/are correct?
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Correct answer: B — 1 and 2 only
Statements 1 and 2 are correct. Statement 3 is wrong: imports rose about 17%, from 1.6 million MT to 1.9 million MT in 2024-25.
During his July 2025 visit, J.P. Nadda toured Maaden's phosphate production facilities at which Saudi location?
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Correct answer: D — Ras Al Khair
Ministry of Chemicals & Fertilizers: on 12 July, Nadda and the delegation visited Maaden facilities at Ras Al Khair and toured the phosphate production plant.
How many appointment letters did PM Narendra Modi distribute at the Rozgar Mela on 12 July 2025?
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Correct answer: D — More than 51,000
PMO: the Prime Minister distributed more than 51,000 appointment letters to newly appointed youth via videoconferencing.
Which edition of the Rozgar Mela was held on 12 July 2025, and at how many locations?
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Correct answer: C — 16th; 47 locations
PMO background: the 16th Rozgar Mela will be held at 47 locations across the country.
At the Rozgar Mela on 12 July 2025, the PM said approximately what budget has been allocated for the Employment Linked Incentive Scheme?
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Correct answer: B — ₹1 lakh crore
PMO: 'Recently, the government has approved a new scheme called the Employment Linked Incentive Scheme. For this, the government has allocated a budget of approximately ₹1 lakh crore.'
The 20,000 sq ft Skill Development Centre at AURIC, Maharashtra, endorsed in July 2025, is to be set up in partnership with which body?
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Correct answer: D — CII
Ministry of Commerce & Industry: a 20,000 sq ft Skill Development Centre will be established at AURIC in partnership with the Confederation of Indian Industry (CII).
Under which operation did the DRI seize about ₹35 crore worth of Chinese firecrackers, as announced on 11 July 2025?
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Correct answer: C — Operation Fire Trail
Ministry of Finance: DRI, in an operation codenamed 'Operation Fire Trail', seized Chinese firecrackers valued at about ₹35 crore.
When and where is Semicon India 2025 scheduled, as announced by MeitY on 11 July 2025?
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Correct answer: A — 2–4 September 2025, Yashobhoomi (IICC), New Delhi
MeitY: Semicon India 2025 will be held from 2nd to 4th September 2025 at Yashobhoomi (IICC), New Delhi.
In which district has the foundation stone of 'Tribhuvan' Sahkari University been laid, as mentioned by Amit Shah at the Sahkar Samvad (July 2025)?
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Correct answer: D — Anand
Ministry of Cooperation: the foundation stone of 'Tribhuvan' Sahkari University has been laid in Anand district in the name of Tribhuvandas Patel.
The 'Sahkar Samvad' held by Amit Shah in Ahmedabad on 9 July 2025 was part of programmes for which observance?
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Correct answer: A — International Year of Cooperatives 2025
Ministry of Cooperation: the Sahkar Samvad was held as part of the programmes being organised under the International Year of Cooperatives 2025.
Women cooperative workers from which three states took part in the Sahkar Samvad with Amit Shah on 9 July 2025?
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Correct answer: C — Gujarat, Madhya Pradesh and Rajasthan
Ministry of Cooperation and IANS: the Sahkar Samvad was with women associated with the cooperative sectors of Gujarat, Madhya Pradesh and Rajasthan.
Under which section of the Income-tax Act, 1961 were IREDA bonds notified as a 'long-term specified asset' in July 2025?
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Correct answer: C — Section 54EC
MNRE: CBDT notified IREDA bonds as 'long-term specified asset' under section 54EC of the Income-tax Act, 1961.
Up to what amount of long-term capital gains in a financial year can investors save tax on by investing in the notified IREDA 54EC bonds?
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Correct answer: A — ₹50 lakh
MNRE: eligible investors can save tax on long-term capital gains up to ₹50 lakh by investing in these bonds in a financial year.
Consider the following statements about the IREDA 54EC bonds notified in July 2025: 1. The notification was issued by the Central Board of Direct Taxes. 2. Only bonds redeemable after five years qualify. 3. The proceeds can be used for any infrastructure project, including highways. Which of the statements given above is/are correct?
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Correct answer: B — 1 and 2 only
Statements 1 and 2 are correct. Statement 3 is wrong: the proceeds will be used exclusively for renewable energy projects that can service debt from their project revenues.
How many appointments had Railway Recruitment Boards issued in the first quarter of 2025-26, according to the Ministry of Railways (9 July 2025)?
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Correct answer: D — More than 9,000
Ministry of Railways: more than 9,000 appointments have already been issued by RRBs in the first quarter of this financial year.
How many appointments do RRBs expect to offer in financial year 2025-26, as per the Ministry of Railways?
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Correct answer: A — More than 50,000
Ministry of Railways: the CBTs conducted will enable RRBs to offer appointments to more than 50,000 candidates in 2025-26.
The 'Aspirational DMF Programme' launched by the Ministry of Mines on 9 July 2025 converges District Mineral Foundation initiatives with which programmes?
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Correct answer: D — Aspirational District Programme and Aspirational Block Programme
Ministry of Mines: the guidelines are for the convergence of DMF initiatives with the Aspirational District Programme (ADP) and Aspirational Block Programme (ABP).
Consider the following statements about District Mineral Foundations (DMFs): 1. Their establishment in mining-affected districts was mandated by the 2015 amendment of the MMDR Act. 2. Mining companies contribute between 10 and 30 percent of their royalty to DMFs. 3. DMFs have so far been set up in all 36 States and UTs. Which of the statements given above is/are correct?
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Correct answer: B — 1 and 2 only
Statements 1 and 2 are correct per the Ministry of Mines. Statement 3 is wrong: DMFs have been set up in 646 districts across 23 mining states.
According to TRAI's Yearly Performance Indicators 2024-25, how many internet subscribers did India have at the end of March 2025?
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Correct answer: D — 969.10 million
TRAI: total internet subscribers increased from 954.40 million at the end of Mar-24 to 969.10 million at the end of Mar-25.
How many broadband subscribers were there in India at the end of March 2025, as per TRAI's 2024-25 yearly indicators?
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Correct answer: A — 944.12 million
TRAI: out of 969.10 million internet subscribers, 944.12 million were broadband and 24.98 million narrowband at the end of Mar-25.
What was the yearly growth rate of total internet subscribers in 2024-25, as per TRAI?
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Correct answer: B — 1.54%
TRAI: internet subscribers grew at a yearly rate of 1.54%; broadband subscribers grew at 2.17%.
BCCL's PB Project, revived in 2025, became the first operational mine of the Coal India group under which model?
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Correct answer: B — Mine Developer and Operator (MDO)
Ministry of Coal: BCCL restarted production from its PB Project under the MDO model, becoming the first operational MDO mine within the CIL group.
What bioeconomy target for 2030 did Dr Jitendra Singh reiterate on World Bioproduct Day 2025?
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Correct answer: B — $300 billion
Ministry of S&T: the Minister reiterated the government's commitment to realising a $300 billion bioeconomy by 2030.
The nationwide 'World Bioproduct Day – The BioE3 Way' celebration of 7 July 2025 was organised by which department along with BIRAC and iBRIC+?
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Correct answer: D — Department of Biotechnology
Ministry of S&T: the event was organised by the Department of Biotechnology (DBT) and its agencies BIRAC and iBRIC+.
Which new multi-state cooperative body did Amit Shah launch at Anand on 6 July 2025?
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Correct answer: A — Sardar Patel Cooperative Dairy Federation Limited
Ministry of Cooperation: Shri Amit Shah launched the newly formed Multi State Co-operative body, Sardar Patel Cooperative Dairy Federation Limited, and unveiled its logo.
The Anand programme of 6 July 2025 marked the completion of how many years of the Union Ministry of Cooperation?
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Correct answer: C — Four
Ministry of Cooperation: the programme marked the completion of 4 years of the Ministry of Cooperation and the 150th birth anniversary year of Sardar Vallabhbhai Patel.
What is the name of the new NCDFI office building inaugurated by Amit Shah at the NDDB complex in Anand on 6 July 2025?
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Correct answer: B — Maniben Patel Bhawan
Ministry of Cooperation: he inaugurated the new office building of NCDFI in Anand, Maniben Patel Bhawan, at NDDB's office complex.
What is the name of India's first cooperative university whose Bhoomi Poojan was performed in Anand on 5 July 2025?
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Correct answer: B — Tribhuvan Sahkari University
Ministry of Cooperation: Shri Amit Shah performed the Bhoomi Poojan of the country's first cooperative university, 'Tribhuvan' Sahkari University, in Anand.
The Tribhuvan Sahkari University campus at Anand will span about how many acres and cost how much?
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Correct answer: A — 125 acres; ₹500 crore
Ministry of Cooperation: the university campus will span over 125 acres and will be built at a cost of Rs 500 crore.
Tribhuvan Sahkari University was established through an Act of Parliament by converting which existing institute?
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Correct answer: C — Institute of Rural Management Anand (IRMA)
Ministry of Cooperation: TSU was established by converting the Institute of Rural Management Anand (IRMA) and declared an institution of national importance through an Act of Parliament, with effect from 6 April 2025.
PM Modi's visit to Argentina in July 2025 was the first bilateral visit by an Indian Prime Minister to that country after a gap of how many years?
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Correct answer: A — 57 years
PMO: the visit was the first bilateral visit by an Indian Prime Minister to Argentina after a gap of 57 years.
India and Argentina were marking how many years of diplomatic ties in 2025, according to the PMO?
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Correct answer: C — 75 years
PMO: this is a seminal year as the two countries celebrate 75 years of the establishment of diplomatic ties.
Who presented PM Modi with the Key to the City of Buenos Aires on 5 July 2025?
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Correct answer: B — Jorge Macri, Chief of the City Government of Buenos Aires
PMO: PM was conferred with the Key to the City of Buenos Aires by Mr Jorge Macri, Chief of the City Government of Buenos Aires.
During the Modi–Milei talks of July 2025, the expansion of which trade agreement was discussed?
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Correct answer: D — India-MERCOSUR Preferential Trade Agreement
PMO: they also discussed expansion of the India-MERCOSUR Preferential Trade Agreement.
Consider the following about PM Modi's programme in Buenos Aires (July 2025): 1. He met President Milei at Casa Rosada. 2. He paid homage to General José de San Martín. 3. He paid floral tribute at the busts of Mahatma Gandhi and Rabindranath Tagore. Which of the statements given above is/are correct?
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Correct answer: D — 1, 2 and 3
All three are stated by the PMO in its releases on the Buenos Aires visit.
What was the theme of the International Day of Cooperatives observed on 5 July 2025?
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Correct answer: C — Cooperatives: Driving Inclusive and Sustainable Solutions for a Better World
UN and ICA: CoopsDay 2025 was celebrated under the theme 'Cooperatives: Driving Inclusive and Sustainable Solutions for a Better World'. ('Cooperatives Build a Better World' is the theme of the International Year of Cooperatives 2025.)
Consider the following about the International Day of Cooperatives: 1. It is observed on the first Saturday of July every year. 2. It was officially recognised by the United Nations in 1995. 3. Its theme is chosen solely by the UN General Assembly. Which of the statements given above is/are correct?
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Correct answer: B — 1 and 2 only
Statements 1 and 2 are correct (ICA). Statement 3 is wrong: the theme is selected jointly by the International Cooperative Alliance and COPAC.
In which city did G. Kishan Reddy release the Copper and Aluminium Vision Documents on 4 July 2025?
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Correct answer: C — Hyderabad
Ministry of Mines: the documents were released at the international conference organised by the Indian National Committee of the World Mining Congress in Hyderabad.
The Copper Vision Document (July 2025) plans to add how much smelting and refining capacity by 2030?
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Correct answer: A — 5 million tonnes per annum
Ministry of Mines: the Copper Vision Document outlines plans to add 5 million tonnes per annum of smelting and refining capacity by 2030.
The Aluminium Vision Document (July 2025) aims to expand India's bauxite production capacity to what level?
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Correct answer: D — 150 MTPA
Ministry of Mines: the document aims to expand bauxite production capacity to 150 MTPA and double the national aluminium recycling rate.
According to MSME Minister Jitan Ram Manjhi (4 July 2025), what share of India's GDP does the MSME sector account for?
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Correct answer: A — 30.1%
MSME Ministry: MSME accounts for 30.1% of India's GDP, 35.4% of manufacturing and 45.73% of exports.
The Udyam portal for MSME registration, which had over 3.80 crore units by July 2025, was launched on which date?
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Correct answer: C — 1 July 2020
MSME Ministry: the Udyam portal, launched on July 1, 2020, offers a free, paperless and self-declared registration process and has more than 3.80 crore units.
According to Piyush Goyal (4 July 2025), how many Quality Control Orders are now in force, up from 14 in 2014?
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Correct answer: B — 156
Commerce Ministry: QCOs have grown from just 14 covering 106 products in 2014 to 156 QCOs covering 672 products.
At which event did Piyush Goyal share the QCO figures on 4 July 2025?
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Correct answer: C — 75th anniversary celebration of SGS in India
Commerce Ministry: he said this while addressing the 75th anniversary celebration of SGS in India in New Delhi.
With effect from which date was the Unified Pension Scheme introduced as an option under NPS for Central Government civil service recruits?
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Correct answer: D — 1 April 2025
Ministry of Finance: DFS Notification dated 24.01.2025 introduced UPS as an option under NPS with effect from 1 April 2025 (01.04.2025).
Which body notified the regulations for operationalising the Unified Pension Scheme under NPS in March 2025?
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Correct answer: B — Pension Fund Regulatory and Development Authority
Ministry of Finance: the Pension Fund Regulatory and Development Authority (PFRDA) notified the PFRDA (Operationalisation of the Unified Pension Scheme under NPS) Regulations, 2025 on 19 March 2025.
Why did the Government say NPS tax benefits apply mutatis mutandis to UPS (July 2025)?
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Correct answer: A — Because UPS is an option under NPS
Ministry of Finance: the Government decided that tax benefits as available under NPS shall apply mutatis mutandis to UPS as it is an option under NPS.
According to NITI Aayog's chemical industry report (July 2025), what is India's current share in global chemical value chains?
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Correct answer: D — 3.5%
NITI Aayog: India's 3.5% share in global chemical value chains and its chemical trade deficit of USD 31 billion in 2023 underscore high import dependence.
NITI Aayog's report says India can achieve a USD 1 trillion chemical sector and 12% GVC share by which year?
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Correct answer: B — 2040
NITI Aayog: targeted reforms will enable India to have a USD 1 trillion chemical sector and achieve 12% GVC share by 2040.
What was India's chemical trade deficit in 2023 according to NITI Aayog's July 2025 report?
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Correct answer: A — USD 31 billion
NITI Aayog: heavy reliance on imported feedstock contributed to a USD 31 billion trade deficit in 2023.
How many Aadhaar authentication transactions were carried out in June 2025, according to UIDAI?
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Correct answer: C — 229.33 crore
UIDAI: Aadhaar number holders carried out 229.33 crore authentication transactions in June 2025.
What record did UIDAI's face authentication set in June 2025?
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Correct answer: A — 15.87 crore transactions
UIDAI: in June 2025, a record number of 15.87 crore face authentication transactions were recorded, against 4.61 crore in June 2024.
What is the outlay of the Employment Linked Incentive (ELI) Scheme approved by the Cabinet on 1 July 2025?
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Correct answer: A — ₹99,446 crore
Cabinet: with an outlay of ₹99,446 crore, the ELI Scheme aims to incentivize the creation of more than 3.5 crore jobs over 2 years.
Under Part A of the ELI Scheme, first-time employees get one month's EPF wage up to what amount?
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Correct answer: C — ₹15,000
Cabinet: Part A offers first-time employees registered with EPFO one-month EPF wage up to ₹15,000 in two instalments.
ELI Scheme benefits apply to jobs created during which period?
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Correct answer: D — 1 August 2025 – 31 July 2027
Cabinet: the benefits of the Scheme would be applicable to jobs created between 1 August 2025 and 31 July 2027.
Consider the following about the ELI Scheme (July 2025): 1. It was announced in the Union Budget 2024-25 as part of the PM's package of five schemes. 2. For the manufacturing sector, employer incentives extend to the third and fourth years. 3. Employers get up to ₹15,000 per month for each additional employee. Which of the statements given above is/are correct?
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Correct answer: B — 1 and 2 only
Statements 1 and 2 are correct (Cabinet). Statement 3 is wrong: employers get up to ₹3,000 per month per additional employee; ₹15,000 is the cap on the one-month EPF wage for first-time employees.
What was India's record gross GST collection in 2024–25, as GST completed eight years?
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Correct answer: B — ₹22.08 lakh crore
PIB: in 2024–25, gross GST collections hit a record ₹22.08 lakh crore, marking a year-on-year growth of 9.4%.
Under which Article of the Constitution was the GST Council constituted?
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Correct answer: D — Article 279A
PIB: the GST Council was constituted as per Article 279A of the Constitution and is chaired by the Union Finance Minister.
Who chairs the GST Council?
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Correct answer: A — Union Finance Minister
PIB: the GST Council consists of the Union Finance Minister (Chairperson), the Union MoS in charge of Revenue or Finance, and state Finance/Taxation Ministers.
By how much per km did AC class fares rise under the railway fare rationalisation effective 1 July 2025?
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Correct answer: A — 2 paise
Ministry of Railways/Indian Express: AC classes saw an increase of 02 paisa per passenger-km, Mail/Express non-AC classes one paisa per km.
Under the 1 July 2025 fare rationalisation, Second Class Ordinary fares saw no increase up to what distance?
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Correct answer: D — 500 km
Ministry of Railways: there was no increase in fare of Second Class Ordinary up to 500 km, and thereafter an increase of half paisa per km.
Consider the following about the railway fare rationalisation of 1 July 2025: 1. Suburban fares and season tickets were not increased. 2. Mail/Express non-AC classes rose by 1 paisa per km. 3. Tickets booked before 1 July 2025 were charged the revised fare. Which of the statements given above is/are correct?
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Correct answer: B — 1 and 2 only
Statements 1 and 2 are correct. Statement 3 is wrong: India Today/Indian Express report revised fares apply to tickets booked on or after 1 July 2025; earlier tickets stayed at the old fare.
The Financial Fraud Risk Indicator (FRI), which RBI asked banks to integrate on 30 June 2025, was developed by which body?
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Correct answer: B — Department of Telecommunications
PIB: RBI's advisory of 30 June 2025 directs banks to integrate the Financial Fraud Risk Indicator (FRI) developed by the Department of Telecommunications (DoT).
Into which risk categories does the Financial Fraud Risk Indicator classify a mobile number?
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Correct answer: C — Medium, High, Very High
PIB: the FRI classifies a mobile number as associated with Medium, High or Very High risk of financial fraud.
Consider the following about the Financial Fraud Risk Indicator (FRI): 1. It was launched in May 2025 by DoT's Digital Intelligence Unit. 2. RBI's advisory of 30 June 2025 excludes Co-operative Banks. 3. It is built only on data from DoT's Chakshu platform. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
Only statement 1 is correct (PIB). Statement 2 is wrong: the advisory covers Scheduled Commercial, Small Finance, Payments and Co-operative Banks. Statement 3 is wrong: inputs also come from I4C's NCRP and from banks and financial institutions.
What was India's IIP growth rate for May 2025 as per the Quick Estimate released on 30 June 2025?
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Correct answer: C — 1.2%
MoSPI: the IIP growth rate for May 2025 is 1.2%, compared with 2.7% (Quick Estimate) in April 2025.
Which sector recorded the steepest contraction in the IIP for May 2025?
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Correct answer: B — Electricity
MoSPI: growth rates for May 2025 were mining (-)0.1%, manufacturing 2.6% and electricity (-)5.8%, so electricity contracted most.
Consider the following about the IIP release of 30 June 2025: 1. The IIP uses base year 2011-12=100. 2. Under the revised calendar, the Quick Estimate is released on the 28th of every month. 3. 13 of 23 manufacturing industry groups recorded positive growth in May 2025. Which of the statements given above is/are correct?
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Correct answer: D — 1, 2 and 3
All three are correct as per MoSPI: base 2011-12=100; release on the 28th of every month (or next working day); 13 out of 23 industry groups at NIC 2-digit level grew.
Where is the Ericsson antenna manufacturing facility inaugurated by Jyotiraditya Scindia on 30 June 2025 located?
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Correct answer: C — Manesar, Haryana
PIB: the Minister inaugurated Ericsson's antenna manufacturing facility at VVDN's Global Innovation Park in Manesar.
What was the theme of the 19th Statistics Day observed on 29 June 2025?
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Correct answer: A — 75 Years of National Sample Survey
MoSPI: the theme for the 19th Statistics Day was '75 Years of National Sample Survey'.
Statistics Day (29 June) commemorates the birth anniversary of which statistician?
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Correct answer: C — Prasanta Chandra Mahalanobis
MoSPI: in recognition of Prof. (Late) Prasanta Chandra Mahalanobis's contributions, the Government designated his birthday, 29 June, as Statistics Day.
Which mobile application did the National Sample Survey Office launch on Statistics Day 2025?
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Correct answer: D — GoIStats
MoSPI: the NSO launched the GoIStats mobile application on Statistics Day 2025.
Consider the following about Statistics Day 2025: 1. It was the 132nd birth anniversary of Prof. P.C. Mahalanobis. 2. MoSPI released the SDG – National Indicator Framework Progress Report, 2025 on the day. 3. The celebration was held in Kolkata. Which of the statements given above is/are correct?
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Correct answer: B — 1 and 2 only
Statements 1 and 2 are correct (MoSPI: 19th Statistics Day commemorated the 132nd birth anniversary; SDG-NIF Progress Report 2025 released on 29 June). Statement 3 is wrong: the celebration was held at Dr. Ambedkar International Centre, New Delhi.