Economy Current Affairs Quiz — All time
Daily news by your exam, state and topic — each with a short summary, key facts and MCQs.
Where are the headquarters of the National Turmeric Board, inaugurated by Amit Shah on 29 June 2025?
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Correct answer: D — Nizamabad, Telangana
PIB: Amit Shah inaugurated the headquarters of the National Turmeric Board in Nizamabad, Telangana.
Who was announced as the first Chairperson of the National Turmeric Board?
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Correct answer: B — Palle Ganga Reddy
PIB (14 January 2025): Piyush Goyal announced Shri Palle Ganga Reddy as the board's first Chairperson.
Consider the following about the National Turmeric Board: 1. It was launched on 14 January 2025 by the Union Commerce and Industry Minister. 2. Amit Shah said it fulfils a 40-year-old demand of turmeric farmers. 3. Its headquarters are in Hyderabad. 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 (PIB, 14 January 2025 and 29 June 2025). Statement 3 is wrong: the headquarters are in Nizamabad.
Where was the 2nd North-East Mining Ministers' Conclave held in June 2025?
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Correct answer: B — Guwahati
PIB: Union Minister G. Kishan Reddy addressed the 2nd North-East Mining Ministers' Conclave in Guwahati.
At the conclave, G. Kishan Reddy referred to the eight North Eastern states as 'Ashta Lakshmi'. Which of the following is NOT one of these eight states?
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Correct answer: D — West Bengal
PIB: the eight states named are Assam, Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Tripura and Sikkim. West Bengal is not among them.
As per telecom subscription data as of 31 May 2025, what was India's overall tele-density?
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Correct answer: D — 85.36%
PIB (TRAI data): overall tele-density as of 31 May 2025 was 85.36%.
What was the total number of telephone subscribers (wireless plus wireline) in India as of 31 May 2025?
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Correct answer: A — 1,207.08 million
PIB: total telephone subscribers were 1,207.08 million. 1,168.42 million is wireless only, 974.87 million is broadband, and 1,080.06 million is active wireless on peak VLR date.
Consider the following statements based on telecom subscription data for May 2025: 1. Rural tele-density stood at 59.33%. 2. About 14.03 million mobile number portability requests were submitted in May 2025. 3. Wireline subscribers declined during May 2025. Which of the statements given above is/are correct?
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Correct answer: B — 1 and 2 only
PIB: statements 1 and 2 are correct. Statement 3 is wrong: wireline subscribers grew by 1.25 million (3.34%) in May 2025.
Who addressed the MSME Day celebration in New Delhi on 27 June 2025?
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Correct answer: C — President Droupadi Murmu
PIB: President Droupadi Murmu graced and addressed the MSME Day celebration in New Delhi on 27 June 2025.
Through which UN General Assembly resolution was 27 June designated as 'Micro-, Small and Medium-sized Enterprises Day'?
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Correct answer: A — A/RES/71/279
UN: the General Assembly designated 27 June as MSME Day through resolution A/RES/71/279.
Consider the following statements about President Murmu's MSME Day address (27 June 2025): 1. 27 June is observed as MSME Day following a UN General Assembly designation. 2. The President cited skill development of artisans under the PM Vishwakarma Yojana as a government initiative. 3. The President said MSMEs generate employment mainly at a high cost of capital. Which of the statements given above is/are correct?
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Correct answer: B — 1 and 2 only
Statements 1 (UN) and 2 (PIB) are correct. Statement 3 is wrong: the President said MSMEs generate employment at a relatively low cost of capital.
Sagarmala Finance Corporation Limited, inaugurated on 26 June 2025 as India's first maritime NBFC, was formerly known as what?
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Correct answer: B — Sagarmala Development Company Limited
PIB: formerly known as Sagarmala Development Company Limited, SMFCL is India's first NBFC in the maritime sector.
What CPSE status does Sagarmala Finance Corporation Limited (SMFCL) hold?
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Correct answer: A — Mini Ratna Category-I
PIB: SMFCL is a Mini Ratna, Category-I, Central Public Sector Enterprise.
Which authority will develop the ₹417 crore Electronics Manufacturing Cluster (EMC 2.0) approved at Gautam Buddha Nagar in June 2025?
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Correct answer: D — Yamuna Expressway Industrial Development Authority (YEIDA)
PIB: the approved EMC 2.0 project will be developed by the Yamuna Expressway Industrial Development Authority (YEIDA).
How many jobs is the Gautam Buddha Nagar EMC 2.0 expected to generate, according to Ashwini Vaishnaw?
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Correct answer: B — 15,000
PIB: Ashwini Vaishnaw said the project will create world-class infrastructure and generate 15,000 jobs.
To what amount did EPFO raise the auto-settlement limit for advance claims in June 2025?
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Correct answer: C — ₹5 lakh
PIB: EPFO increased the auto-settlement limit for advance claims from the existing ₹1 lakh to ₹5 lakh.
How many advance claims did EPFO process through auto-settlement in FY 2024–25, a record according to the Labour Ministry?
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Correct answer: A — 2.34 crore
PIB: in FY 2024–25 EPFO processed a record 2.34 crore advance claims through auto-settlement, up 161% over the previous year.
What is the minimum investment required from approved applicants under SPMEPCI?
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Correct answer: B — ₹4,150 crore
PIB: approved applicants would be required to make a minimum investment of Rs. 4,150 crore (₹4,150 crore).
Under SPMEPCI, approved applicants may import completely built-up electric four-wheelers with a minimum CIF value of USD 35,000 at what reduced customs duty?
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Correct answer: C — 15%
PIB: approved applicants can import CBUs of e-4W with a minimum CIF value of USD 35,000 at a reduced customs duty of 15% for 5 years.
Consider the following statements about SPMEPCI: 1. The scheme was notified on 15 March 2024. 2. Its detailed guidelines were issued through Notification S.O. 2450(E) dated 2 June 2025. 3. The application portal opened on 24 June 2025 will remain open until 21 October 2025. Which of the statements given above is/are correct?
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Correct answer: D — 1, 2 and 3
PIB: the scheme was notified on 15 March 2024, guidelines were issued via S.O. 2450(E) dated 02.06.2025, and the portal is open from 24 June 2025 until 21 October 2025. All three are correct.
Who chairs the Technical Expert Group constituted by MoSPI to guide the all-India Household Income Survey?
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Correct answer: A — Surjit S. Bhalla
PIB: MoSPI constituted a Technical Expert Group under the Chairmanship of Dr. Surjit S. Bhalla, former Executive Director of India, IMF.
In which year was the first survey of the National Sample Survey (NSS) launched, as noted by MoSPI?
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Correct answer: B — 1950
PIB: the first survey was launched in 1950, and since then NSS has provided data-driven insights for policymaking.
To which date was the cut-off for exercising the option under the Unified Pension Scheme extended in June 2025?
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Correct answer: C — 30 September 2025
PIB: the Government decided to extend the cut-off date for exercising the option for UPS by three months, i.e., up to 30th September 2025 (30 September 2025).
Consider the following statements about the Unified Pension Scheme (UPS): 1. UPS was notified by the Ministry of Finance on 24 January 2025. 2. PFRDA notified the regulations operationalising UPS under NPS on 1 April 2025. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
PIB: UPS was notified by the Ministry of Finance on 24 January 2025, but PFRDA notified the operationalisation regulations on 19 March 2025, not 1 April 2025. So 1 only.
The first consignment of rose-scented litchi flagged off from Pathankot on 23 June 2025 was sent to which city?
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Correct answer: B — Doha
PIB: APEDA facilitated the flag-off of the first consignment of 1 metric tonne of rose-scented litchi from Pathankot, Punjab to Doha, Qatar on 23rd June 2025.
According to the National Horticulture Board, what was Punjab's share in India's total litchi output in FY 2023–24?
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Correct answer: C — 12.39%
PIB (citing NHB): Punjab's litchi production for FY 2023–24 stood at 71,490 metric tonnes, contributing 12.39% to India's total litchi output.
Consider the following statements about the litchi export from Pathankot in June 2025: 1. APEDA, which facilitated the export, functions under the Ministry of Commerce & Industry. 2. In addition to Qatar, 0.5 metric tonne of litchi was exported from Pathankot to Dubai, UAE. 3. The produce was supplied by a farmer producer organisation from Gurdaspur. Which of the statements given above is/are correct?
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Correct answer: B — 1 and 2 only
PIB: APEDA is under the Ministry of Commerce & Industry, and 0.5 metric tonne was also exported to Dubai, UAE; the produce was supplied by progressive farmer Prabhat Singh from Sujanpur, not an FPO from Gurdaspur. So 1 and 2 only.
How many net members did EPFO add in April 2025, as per provisional payroll data released on 22 June 2025?
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Correct answer: C — 19.14 lakh
PIB: EPFO's provisional payroll data for April 2025 revealed a net addition of 19.14 lakh members.
Which state led net payroll additions in EPFO's April 2025 data, adding 21.12% of the total?
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Correct answer: D — Maharashtra
PIB: of all the states, Maharashtra is leading by adding 21.12% of net payroll during the month.
What share of EPFO's new subscribers in April 2025 belonged to the 18–25 age group?
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Correct answer: A — 57.67%
PIB: EPFO added 4.89 lakh new subscribers in the 18–25 age group, constituting 57.67% of the total new subscribers added in April 2025.
Who assumed charge as Chairperson of the Pension Fund Regulatory and Development Authority (PFRDA) on 20 June 2025?
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Correct answer: B — Sivasubramanian Ramann
PIB (Finance): Shri Sivasubramanian Ramann assumed charge as the Chairperson of PFRDA on 20th June 2025.
What is the tenure of the PFRDA Chairperson appointed by the notification dated 8 April 2025?
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Correct answer: C — Five years or till age 65, whichever is earlier
PIB (Finance): He was appointed for five years or till age 65, whichever is earlier: a tenure of five years from assumption of charge, or till he attains the age of 65 years, or until further orders, whichever is the earliest.
The PFRDA Act, under which PFRDA became a statutory body, came into effect on which date?
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Correct answer: D — 1 February 2014
PFRDA (pfrda.org.in): The interim PFRDA was set up on 23 August 2003; it became a statutory entity after the PFRDA Act was enacted on 19 September 2013, which came into effect on 1 February 2014.
Which edition of the National Time Release Study (NTRS) did Finance Minister Nirmala Sitharaman release on 20 June 2025?
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Correct answer: A — Fifth
PIB (Finance): Smt. Nirmala Sitharaman released the fifth edition of the National Time Release Study (NTRS) during the CBIC Conclave.
The fifth National Time Release Study widened its coverage to three additional locations. Which of the following was NOT one of them?
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Correct answer: D — Mundra Port
PIB (Finance): The fifth edition widened coverage to three additional ports: Kochi Seaport, Garhi Harsaru ICD and Jaigaon LCS. Mundra Port was not among them.
According to the fifth NTRS, what share of import cargo at Integrated Check Posts (ICPs) met the 48-hour release target under NTFAP 3.0?
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Correct answer: B — 93.33%
PIB (Finance): 93.33% of import cargo at ICPs met the 48-hour target, followed by air cargo complexes (55.03% within 24 hours), seaports (51.76%) and ICDs (43.70%).
The national seminar addressed by Amit Shah in Mumbai on 20 June 2025 was organised on the occasion of what?
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Correct answer: C — International Year of Cooperatives 2025
PIB (Cooperation): Amit Shah addressed a national seminar organised in Mumbai on the occasion of the International Year of Cooperatives 2025.
Whose newly constructed headquarters did Amit Shah inaugurate in Mumbai on 20 June 2025?
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Correct answer: A — Maharashtra Chamber of Commerce, Industry and Agriculture (MACCIA)
PIB (MHA): Amit Shah inaugurated the newly constructed headquarters of the Maharashtra Chamber of Commerce, Industry and Agriculture (MACCIA) in Mumbai.
By how much did the combined Index of Eight Core Industries grow (provisional) in May 2025 compared with May 2024?
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Correct answer: D — 0.7%
PIB (Commerce): The combined Index of Eight Core Industries increased by 0.7% (provisional) in May, 2025 as compared to May, 2024.
Which of the eight core industries recorded the highest growth in May 2025 over May 2024?
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Correct answer: A — Cement
PIB (Commerce): Cement production increased by 9.2 per cent in May 2025, ahead of steel (6.7%), coal (2.8%) and refinery products (1.1%).
Consider the following statements about the Index of Eight Core Industries: 1. The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). 2. Electricity has the largest weight among the eight core industries. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
PIB (Commerce): The eight core industries comprise 40.27 per cent of the IIP weight. Refinery products have the largest weight (28.04%), ahead of electricity (19.85%). So the answer is 1 only.
According to TRAI's performance indicator report for January–March 2025, what was India's teledensity at the end of March 2025?
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Correct answer: A — 85.04%
PIB (DoT/TRAI): Tele-density in India increased from 84.45% in QE Dec-24 to 85.04% in QE Mar-25.
What was the total number of internet subscribers in India at the end of March 2025, as per TRAI?
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Correct answer: B — 969.10 million
PIB (DoT/TRAI): Total internet subscribers decreased from 970.16 million at the end of Dec-24 to 969.10 million at the end of Mar-25.
Consider the following statements about TRAI's report for January–March 2025: 1. The number of internet subscribers declined during the quarter. 2. Monthly ARPU for wireless service increased during the quarter. Which of the statements given above is/are correct?
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Correct answer: C — Both 1 and 2
PIB (DoT/TRAI): Internet subscribers fell 0.11% to 969.10 million, and wireless ARPU rose 0.64% from ₹181.80 to ₹182.95. So the answer is Both 1 and 2.
Which web portal did Union Minister Annpurna Devi launch at the National Consultation on Gender Budgeting on 19 June 2025?
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Correct answer: B — Gender Budgeting Knowledge Hub
PIB (WCD): Smt. Annpurna Devi launched a web portal titled Gender Budgeting Knowledge Hub developed by the Ministry.
According to Union Minister Annpurna Devi, what is the Gender Budget allocation for 2025-26?
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Correct answer: C — ₹4.49 lakh crore
PIB (WCD): Gender Budget allocations have increased by four and a half times, from Rs. 0.98 lakh crore in 2014-15 to Rs. 4.49 lakh crore in 2025-26. So the 2025-26 figure is ₹4.49 lakh crore.
Consider the following statements about the National Consultation on Gender Budgeting held on 19 June 2025: 1. Senior officers from 40 central ministries/departments and 19 states took part. 2. The consultation was held at Bharat Mandapam, New Delhi. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
PIB (WCD): Senior officers from 40 central Ministries/Departments and 19 States participated; the consultation was held at Vigyan Bhawan, not Bharat Mandapam. So the answer is 1 only.
Where was the Digital Payments Awards ceremony hosted by the Department of Financial Services held on 18 June 2025?
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Correct answer: B — Vigyan Bhawan, New Delhi
PIB (MoF): DFS hosted the Digital Payments Awards ceremony at Vigyan Bhawan, New Delhi on 18th June 2025.
According to the Finance Minister at the Digital Payments Awards on 18 June 2025, UPI is active in how many countries?
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Correct answer: C — 7
PIB (MoF): Today UPI is active in 7 countries, the Finance Minister said.
Consider the following statements made at the Digital Payments Awards on 18 June 2025: 1. UPI recorded 18,587 crore transactions in FY 2024-25. 2. India's fintech adoption rate is 87% against 67% globally. 3. A total of 10 awards were presented to top-performing banks. Which of the statements given above is/are correct?
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Correct answer: D — 1, 2 and 3
PIB (MoF): UPI recorded 18,587 crore transactions in FY 2024-25, India has 87% fintech adoption against 67% globally, and 10 awards went to top-performing banks. All are correct, so the answer is 1, 2 and 3.
DGFT Notification No. 18/2025-26 dated 17 June 2025 restricts the import of alloys of which metals containing more than 1% gold?
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Correct answer: B — Palladium, Rhodium and Iridium
PIB (Commerce): The notification restricts import of alloys of Palladium, Rhodium, and Iridium containing more than 1% gold by weight.
Under the DGFT notifications of 17 June 2025, alloys containing what share of gold by weight remain freely importable?
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Correct answer: C — Less than 1%
PIB (Commerce): The policy allows free import of alloys containing less than 1% gold.
With DGFT Notification No. 18/2025-26, the import restriction on precious metal alloys now covers which entire Customs Tariff Heading at the 4-digit level?
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Correct answer: A — CTH 7110
PIB (Commerce): The measure expands the platinum restriction to include the entire Customs Tariff Heading (CTH) 7110 at the 4-digit level; CTH 2843 is the separate colloidal metals heading.
Where is India's largest automobile Gati Shakti Multi-Modal Cargo Terminal, inaugurated on 17 June 2025, located?
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Correct answer: C — Maruti Suzuki, Manesar, Haryana
PIB (Railways): Ashwini Vaishnaw inaugurated the country's largest automobile Gati Shakti Multi-Modal Cargo Terminal at Maruti Suzuki India Limited's plant, so the answer is Maruti Suzuki, Manesar, Haryana.
What is the annual loading capacity of the Gati Shakti Cargo Terminal at Maruti Suzuki's Manesar plant?
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Correct answer: A — 4.5 lakh automobiles
PIB (Railways): The loading capacity of this Gati Shakti Cargo terminal is 4.5 lakh automobiles per annum.
Consider the following statements about the Manesar Gati Shakti Cargo Terminal: 1. It is connected to Patli railway station through a 10 km dedicated rail link. 2. The rail link forms part of the 121.7 km Haryana Orbital Rail Corridor. 3. HRIDC contributed ₹684 crore of the ₹800 crore cost of the rail link. Which of the statements given above is/are correct?
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Correct answer: D — 1, 2 and 3
PIB (Railways): The 10 km link to Patli is part of the 121.7 km Haryana Orbital Rail Corridor by HRIDC, and of its ₹800 crore cost HRIDC contributed ₹684 crore. All are correct, so the answer is 1, 2 and 3.
How much margin money subsidy did KVIC disburse to 11,480 service-sector beneficiaries on 17 June 2025?
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Correct answer: D — ₹300 crore
PIB (MSME): KVIC disbursed margin money subsidy of ₹300 crore (Rs 300 crore) to 11,480 Service Sector beneficiaries on 17 June 2025.
Under which scheme did KVIC disburse margin money subsidy on 17 June 2025?
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Correct answer: A — Prime Minister's Employment Generation Programme
PIB (MSME): The subsidy was disbursed under the Prime Minister's Employment Generation Programme (PMEGP).
According to KVIC, how many micro enterprises had been set up under PMEGP since its inception up to 2024-25?
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Correct answer: C — 10,18,185
PIB (MSME): A total of 10,18,185 micro enterprises have been set up under the scheme so far; 90,04,541 is the number of people connected to employment.
Which coal block's allocation marked the Ministry of Coal's 200th coal mine allocation, announced on 17 June 2025?
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Correct answer: A — Marwatola–II
PIB (Coal): The issuance of the Allocation Order for the Marwatola–II coal block marked the allocation of the 200th Coal Mine.
To which company was the Allocation Order for the Marwatola–II coal block issued in June 2025?
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Correct answer: C — Singhal Business Private Limited
PIB (Coal): The Allocation Order for the Marwatola–II coal block was issued to Singhal Business Private Limited.
What was the annual WPI-based inflation rate (provisional) for May 2025, released on 16 June 2025?
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Correct answer: D — 0.39%
PIB (Commerce): The annual rate of inflation based on WPI is 0.39% (provisional) for May 2025.
What is the base year of the Wholesale Price Index series used for the May 2025 data?
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Correct answer: B — 2011-12
PIB (Commerce): The release is titled Index Numbers of Wholesale Price in India for May 2025 (Base Year: 2011-12).
Consider the following statements about WPI inflation in May 2025: 1. Inflation in manufactured products was negative. 2. Inflation in primary articles was negative. 3. Inflation in fuel and power was negative. Which of the statements given above is/are correct?
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Correct answer: C — 2 and 3 only
PIB (Commerce): Primary articles were at -2.02% and fuel & power at -2.27%, while manufactured products were positive at 2.04%. So the answer is 2 and 3 only.
India's total exports (merchandise and services) during April–May 2025 were estimated at:
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Correct answer: B — US$ 142.43 billion
PIB (Commerce): The cumulative exports (merchandise & services) during April-May 2025 are estimated at US$ 142.43 billion.
What was the value of India's merchandise exports in May 2025?
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Correct answer: D — US$ 38.73 billion
PIB (Commerce): Merchandise exports during May 2025 were US$ 38.73 billion as compared to US$ 39.59 billion in May 2024.
Consider the following statements about India's trade data released on 16 June 2025: 1. Total exports (merchandise and services) in May 2025 grew 2.77% over May 2024. 2. The merchandise trade deficit in April–May 2025 was lower than in April–May 2024. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
PIB (Commerce): Total exports grew 2.77% in May 2025, but the merchandise trade deficit widened to US$ 48.33 billion from US$ 41.27 billion. So the answer is 1 only.
According to the PLFS monthly bulletin released on 16 June 2025, what was the unemployment rate (CWS, age 15+) in May 2025?
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Correct answer: C — 5.6%
PIB (MoSPI): The Unemployment Rate in CWS among persons of age 15 years and above increased to 5.6% in May 2025 from 5.1% in April 2025.
What was the Labour Force Participation Rate (CWS, age 15+) in May 2025 as per the PLFS monthly bulletin?
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Correct answer: A — 54.8%
PIB (MoSPI): LFPR in CWS among persons of age 15 years and above was 54.8% during May 2025 as compared to 55.6% during April 2025.
Consider the following statements about the PLFS monthly bulletin for May 2025: 1. The female unemployment rate was higher than the male unemployment rate. 2. The overall Worker Population Ratio was 51.7%. 3. In rural areas, the share of employment in agriculture declined from April to May 2025. Which of the statements given above is/are correct?
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Correct answer: D — 1, 2 and 3
PIB (MoSPI): Female UR was 5.8% against 5.6% for males, WPR was 51.7%, and rural agriculture's share fell from 45.9% to 43.5%. All are correct, so the answer is 1, 2 and 3.
As per the Home Ministry on 15 June 2025, the Census notification was to be published in the official gazette on which date?
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Correct answer: A — 16 June 2025
PIB (MHA): the notification to conduct the Census will be published in the official gazette on 16 June 2025.
The forthcoming Census reviewed on 15 June 2025 will be which Census since independence?
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Correct answer: C — 8th
PIB (MHA): this Census is the 16th since the beginning and the 8th after independence.
In the forthcoming Census, which phase collects data on housing conditions, assets and amenities of each household?
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Correct answer: B — Houselisting Operation
PIB (MHA): in phase one, the Houselisting Operation (HLO), the housing conditions, assets and amenities of each household will be collected.
Consider the following statements about the forthcoming Census as reviewed on 15 June 2025: 1. Caste enumeration will also be done. 2. It will be conducted through digital means using mobile applications. 3. Self-enumeration will not be permitted. Which of the statements given above is/are correct?
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Correct answer: B — 1 and 2 only
PIB (MHA): caste enumeration will be done and the Census will be digital through mobile apps, so 1 and 2 are correct. Statement 3 is wrong because a provision of self-enumeration will be available. So the answer is 1 and 2 only.
In which Cyprus city did PM Modi and President Nikos Christodoulides hold a roundtable with business leaders on 15 June 2025?
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Correct answer: B — Limassol
PIB (PMO): the roundtable interaction with business leaders from Cyprus and India was held in Limassol.
During PM Modi's Cyprus visit in June 2025, the Cyprus Stock Exchange signed an MoU with which Indian entity?
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Correct answer: C — NSE International Exchange, GIFT City
PIB (PMO): the two leaders welcomed the MoU between NSE International Exchange, GIFT City, Gujarat and the Cyprus Stock Exchange.
Consider the following statements about the India–Cyprus business roundtable of 15 June 2025: 1. NIPL and Eurobank Cyprus reached an understanding on introducing UPI for cross-border payments. 2. An India–Greece–Cyprus Business and Investment Council was launched. 3. The visit was the first ever by an Indian Prime Minister to Cyprus. Which of the statements given above is/are correct?
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Correct answer: B — 1 and 2 only
PIB: statements 1 and 2 are correct. Statement 3 is wrong: MEA called it the first visit of an Indian PM to Cyprus in over two decades, not the first ever. So the answer is 1 and 2 only.
Where did Finance Minister Nirmala Sitharaman address a Credit Outreach Programme on 15 June 2025?
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Correct answer: A — Leh
PIB (Finance): Sitharaman addressed a Credit Outreach Programme in Leh, Ladakh.
Consider the following statements about the Credit Outreach Programme in Leh on 15 June 2025: 1. Over 64,000 MUDRA loans have been sanctioned in Ladakh. 2. Ladakh has fewer than 100 banking touchpoints. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
PIB (Finance): over 64,000 MUDRA loans have been sanctioned in Ladakh, so 1 is correct. Statement 2 is wrong because Ladakh has over 500 banking touchpoints. So the answer is 1 only.
The India International Arbitration Centre (IIAC) replaced which earlier body, as noted at the conference of 14 June 2025?
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Correct answer: D — International Centre for Alternative Dispute Resolution
PIB (Law): IIAC Chairperson Justice Hemant Gupta (Retd.) emphasised the transition from the erstwhile International Centre for Alternative Dispute Resolution (ICADR) to IIAC.
Who is the Chairperson of the India International Arbitration Centre, as per the conference held on 14 June 2025?
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Correct answer: B — Hemant Gupta
PIB (Law): the inaugural session opened with a welcome address by Justice Hemant Gupta (Retd.), Chairperson, IIAC.
Consider the following statements about the National Conference on Institutional Arbitration of 14 June 2025: 1. It was organised by the Department of Legal Affairs in collaboration with ONGC and IIAC. 2. It was held at Vigyan Bhawan, New Delhi. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
PIB (Law): the conference was organised by the Department of Legal Affairs with ONGC and IIAC, so 1 is correct; it was held at Bharat Mandapam, not Vigyan Bhawan, so 2 is wrong. So the answer is 1 only.