Economy Current Affairs Quiz — All time
Daily news by your exam, state and topic — each with a short summary, key facts and MCQs.
As per the review of 5 May 2025, the gross NPA of Regional Rural Banks reached a new low of:
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Correct answer: B — 5.3%
RRBs' GNPA reached 5.3%, the lowest in a decade.
What consolidated net profit did Regional Rural Banks record in FY 2024-25?
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Correct answer: A — ₹7,148 crore
RRBs recorded a consolidated net profit of ₹7,148 crore in FY 2024-25.
Consider the following statements about Regional Rural Banks (RRBs) as reviewed in May 2025: 1. RRBs have more than 22,000 branches covering 700 districts. 2. Sponsor banks were asked to complete the integration process by 30 September 2025. Which of the statements given above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct, as per the DFS review held in Mumbai on 5 May 2025.
What was the size of India's first mortgage-backed Pass Through Certificate (PTC) issue listed on the NSE on 5 May 2025?
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Correct answer: D — ₹1,000 crore
The issue of ₹1,000 crore (1,00,000 PTCs of face value ₹1,00,000) was fully subscribed.
Consider the following statements about India's first mortgage-backed PTCs: 1. The coupon is 7.26% per annum. 2. The instrument is rated AAA(SO) by CRISIL and CARE Ratings. Which of the statements given above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct. The PTCs, backed by LIC Housing Finance home loans, have a 7.26% coupon and AAA(SO) ratings.
The 58th Annual Meeting of the Board of Governors of the Asian Development Bank (4–7 May 2025) was held in:
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Correct answer: B — Milan
The 58th ADB Annual Meeting was held in Milan, Italy.
Consider the following statements about the Finance Minister's visit for the ADB Annual Meeting in May 2025: 1. She was to be a panellist in the ADB Governors' Seminar on 'Cross-Border Collaboration for Future Resilience'. 2. She was to hold bilateral meetings with the Finance Ministers of Italy, Japan and Belgium. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
Only 1 is correct. The bilateral meetings were with the Finance Ministers of Italy, Japan and Bhutan.
Consider the following statements about APEDA's Chintan Shivir announced on 4 May 2025: 1. It was held in Mumbai. 2. Its inaugural session was co-chaired by the Secretaries of the Department of Commerce and the Ministry of Food Processing Industries. Which of the statements given above is/are correct?
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Correct answer: B — 2 only
Only 2 is correct. The Chintan Shivir was held in New Delhi.
Consider the following statements about the Meet in India Conclave 2025: 1. It was organised by the Ministry of Tourism with Rajasthan's Department of Tourism and FICCI. 2. The Tourism Minister said the aim is to elevate at least 10 Indian cities into the world's top MICE destinations. Which of the statements given above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct, as per the Ministry of Tourism release on the 4 May 2025 conclave in Jaipur.
The Meet in India Conclave 2025 in Jaipur was held on the sidelines of:
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Correct answer: D — 14th Great Indian Travel Bazaar
It was held on the sidelines of the 14th Great Indian Travel Bazaar (GITB).
MOIL reported a record April 2025 production of 1.62 lakh tonnes of which mineral?
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Correct answer: D — Manganese ore
MOIL produced a record 1.62 lakh tonnes of manganese (Mn) ore in April 2025.
The report 'From Content to Commerce: Mapping India's Creator Economy', released at WAVES 2025, was prepared by:
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Correct answer: A — Boston Consulting Group
The creator economy report was prepared by Boston Consulting Group (BCG).
Which firm prepared the report 'A Studio Called India', released at WAVES 2025?
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Correct answer: B — Ernst & Young
'A Studio Called India' was prepared by Ernst & Young.
Consider the following statements about the white paper 'India's Live Events Economy: A Strategic Growth Imperative': 1. It was prepared by EventFAQs Media and commissioned by the Ministry of Information & Broadcasting. 2. It says India is on track to be among the top five live entertainment destinations globally by 2030. Which of the statements given above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct, as per the Ministry of I&B release of 3 May 2025.
What export target did Amit Shah set for National Cooperative Exports Limited (NCEL) in May 2025?
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Correct answer: B — ₹2 lakh crore
He set an ambitious target of ₹2 lakh crore in exports by NCEL.
Consider the following statements about the national cooperative bodies reviewed on 3 May 2025: 1. NCOL was set a turnover target of more than ₹300 crore for FY 2025-26. 2. A BBSSL centre at Kalol, Gujarat will develop improved varieties of crops such as pigeon pea, black gram and maize. Which of the statements given above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct, as per the Ministry of Cooperation release of 3 May 2025.
NITI Aayog prepared its May 2025 report on MSME competitiveness in collaboration with which organisation?
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Correct answer: C — Institute for Competitiveness
The report was prepared by NITI Aayog in collaboration with the Institute for Competitiveness (IFC).
As per the NITI Aayog MSME report (May 2025), the share of micro and small enterprises accessing credit through scheduled banks rose from 14% in 2020 to what in 2024?
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Correct answer: B — 20%
It rose from 14% to 20%; for medium enterprises it rose from 4% to 9%.
Piyush Goyal's meeting in Brussels on 2 May 2025 followed the March 2025 India visit of which Belgian royal, who led an over 300-member economic mission?
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Correct answer: D — Princess Astrid
It followed the March 2025 visit of HRH Princess Astrid of Belgium, who led the over 300-member Belgian Economic Mission.
Consider the following statements: 1. Belgium is India's largest trading partner within the EU. 2. India and the EU reaffirmed their resolve to conclude the FTA by the end of 2025. Which of the statements given above is/are correct?
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Correct answer: B — 2 only
Only 2 is correct. Belgium is India's 5th largest trading partner within the EU, with trade of US$15.07 billion in 2023–24.
Which new paragraph was inserted in the Foreign Trade Policy 2023 to prohibit imports from Pakistan in May 2025?
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Correct answer: B — Para 2.20A
DGFT Notification No. 06/2025-26 inserted a new Para 2.20A in FTP 2023.
Which body issued the notification of 2 May 2025 prohibiting the import of all goods originating in or exported from Pakistan?
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Correct answer: A — Directorate General of Foreign Trade
The Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, issued the notification.
What was India's record total export figure (goods and services) for 2024–25?
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Correct answer: C — US$824.9 billion
Total exports reached an all-time high of US$824.9 billion in 2024–25.
By what percentage did India's services exports grow in 2024–25, reaching US$387.5 billion?
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Correct answer: B — 13.6%
Services exports grew 13.6% to a historic high of US$387.5 billion; total exports grew 6.01%.
Consider the following statements about India's exports in 2024–25: 1. Merchandise exports excluding petroleum products reached a record US$374.1 billion. 2. The figures were based on services trade data released by NITI Aayog. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
Only 1 is correct. The services trade data for March 2025 was released by the Reserve Bank of India, not NITI Aayog.
Arvind Shrivastava, who took charge on 1 May 2025, became Secretary of which department?
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Correct answer: C — Department of Revenue
He took charge as Secretary, Department of Revenue, Ministry of Finance.
What was India's provisional coal production in April 2025?
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Correct answer: A — 81.57 MT
Coal production in April 2025 was 81.57 MT (provisional), against 78.71 MT in April 2024.
Consider the following statements about coal in April 2025: 1. Production from captive and other mines was 14.51 MT. 2. Total coal dispatch was 86.64 MT. Which of the statements given above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct as per the Ministry of Coal.
The Sugar (Control) Order, 2025 replaces the Sugar (Control) Order of which year?
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Correct answer: C — 1966
It was formulated after a comprehensive review of the Sugar (Control) Order, 1966.
Consider the following statements about the Sugar (Control) Order, 2025: 1. Khandsari units with crushing capacity above 500 TCD are brought under it. 2. A separate Sugar Price (Control) Order will continue alongside it. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
Only 1 is correct. The provisions of the Sugar Price (Control) Order, 2018 have been incorporated, so there will be no separate price order.
Which State contributed the most wheat to the Central Pool in RMS 2025-26, as of 30 April 2025?
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Correct answer: B — Punjab
Punjab led with 103.89 LMT, followed by Madhya Pradesh (67.57 LMT) and Haryana (65.67 LMT).
What was the estimated wheat procurement target for RMS 2025-26?
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Correct answer: D — 312 LMT
The estimated target was 312 LMT; 256.31 LMT had been procured by 30 April 2025.
At the WAVES 2025 inauguration, the PM recalled that India's first feature film, Dadasaheb Phalke's Raja Harishchandra, was released on which date?
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Correct answer: A — 3 May 1913
The PM noted that Raja Harishchandra, directed by Dadasaheb Phalke, was released on 3 May 1913.
Which of the following is NOT one of the four pillars of WAVES 2025?
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Correct answer: D — Print Journalism
The four pillars are Broadcasting and Infotainment, AVGC-XR, Digital Media and Innovation, and Films; Print Journalism is not a pillar.
Consider the following statements about WAVES 2025: 1. Season-1 of the Create in India Challenge crossed 85,000 registrations. 2. The PM named content, creativity and culture as the three pillars of the Orange Economy. Which of the statements given above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct as per PIB.
Which database was used for the first time as the sampling frame in MoSPI's pilot of the Annual Survey of Services Sector Enterprises?
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Correct answer: A — GSTN database
The pilot used a GSTN-based enterprise frame for the first time.
Consider the following statements: 1. The full-scale ASSSE will begin in January 2025. 2. ASSSE covers unincorporated service enterprises. Which of the statements given above is/are correct?
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Correct answer: D — Neither 1 nor 2
Neither is correct. The full-scale survey of incorporated service enterprises begins in January 2026; unincorporated enterprises are covered by ASUSE.
The Multi Modal Logistics Park Nagpur, which began commercial operations in April 2025, is located at:
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Correct answer: C — Sindi, near Wardha
MMLP Nagpur is at Sindi, near Wardha; its first rake came from Farukhnagar.
With which entity has NHLML formed the Authority SPV 'Maharashtra MMLP Pvt. Ltd.' for MMLP Nagpur?
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Correct answer: D — Jawaharlal Nehru Port Authority
The Authority SPV is formed between NHLML and the Jawaharlal Nehru Port Authority (JNPA).
What is the concession period of the Multi Modal Logistics Park Nagpur under the PPP model?
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Correct answer: B — 45 years
NHLML signed an agreement with a private developer for the park with a concession period of 45 years.
What Fair and Remunerative Price (FRP) of sugarcane was approved for sugar season 2025-26?
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Correct answer: A — ₹355 per quintal
The FRP was fixed at ₹355 per quintal for a basic recovery rate of 10.25%.
The sugarcane FRP of ₹355/qtl for 2025-26 is fixed for what basic recovery rate?
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Correct answer: C — 10.25%
The FRP of ₹355/qtl is for a basic recovery rate of 10.25%; below 9.5% recovery there is no deduction.
Consider the following statements about the sugarcane FRP for 2025-26: 1. It is 4.41% lower than the FRP for 2024-25. 2. It will apply from 1 April 2026. Which of the statements given above is/are correct?
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Correct answer: D — Neither 1 nor 2
Neither is correct. The FRP is 4.41% higher than in 2024-25, and it applies from 1 October 2025.
India Post's network, cited in its 29 April 2025 MoU with SBI Funds Management, has over how many post offices?
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Correct answer: B — 1.64 lakh
India Post has a network of over 1.64 lakh post offices.
What service will India Post provide under its MoU with SBI Funds Management Limited signed on 29 April 2025?
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Correct answer: D — Doorstep KYC verification for SBI Mutual Fund investors
India Post will provide doorstep KYC verification by collecting KYC forms and documents from SBI Mutual Fund investors.
Under the Labour Ministry–Rapido MoU of 29 April 2025, how many livelihood opportunities are to be brought to the NCS portal over 1–2 years?
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Correct answer: C — 50 lakh
Rapido is to bring 50 lakh livelihood opportunities to the NCS platform over 1–2 years.
Consider the following about the National Career Service (NCS) portal, as stated on 29 April 2025: 1. It has over 40 lakh active job seekers. 2. It has over 40 lakh registered employers. Which of the statements given above is/are correct?
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Correct answer: B — 2 only
Only 2 is correct. NCS has over 1.75 crore active job seekers and over 40 lakh registered employers.
According to MoSPI's first Forward-Looking Survey on Private Sector CAPEX (findings released 29 April 2025), the provisional capital expenditure per enterprise for new assets in 2024-25 is estimated at:
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Correct answer: A — ₹172.2 crore
The provisional CAPEX per enterprise for purchasing new assets in 2024-25 was estimated at ₹172.2 crore.
Consider the following about MoSPI's Forward-Looking Survey on Private Sector CAPEX: 1. It was conducted between November 2023 and January 2024. 2. It found a 66.3% decline in aggregate CAPEX from 2021-22 to 2024-25. Which of the statements given above is/are correct?
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Correct answer: D — Neither 1 nor 2
Neither is correct. The survey was conducted between November 2024 and January 2025, and aggregate CAPEX rose (not fell) by 66.3% over 2021-22 to 2024-25.
Consider the following about the India–US Bilateral Trade Agreement talks reported on 29 April 2025: 1. The talks between the Department of Commerce and USTR were held in Washington, D.C., on 23–25 April 2025. 2. The sides discussed concluding the first tranche of the agreement by Fall 2025. Which of the statements given above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct. The talks were in Washington, D.C., on 23–25 April 2025, and the pathway to a first tranche by Fall 2025 was discussed.
Where was the round of India–US Bilateral Trade Agreement talks held before the April 2025 Washington round?
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Correct answer: B — New Delhi
The earlier round was held in New Delhi in March 2025.
Consider the following about the IEPFA–Kotak Mahindra Bank MoU announced on 28 April 2025: 1. IEPFA functions under the Ministry of Finance's Department of Economic Affairs. 2. The initiative is to run during 2025-26 with no financial obligation on IEPFA. Which of the statements given above is/are correct?
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Correct answer: B — 2 only
Only 2 is correct. IEPFA functions under the Ministry of Corporate Affairs; the initiative runs in 2025-26 with no financial obligation on IEPFA.
What was India's IIP growth in March 2025 as per the Quick Estimates released on 28 April 2025?
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Correct answer: D — 3.0%
IIP grew 3.0% in March 2025, compared with 2.9% in February 2025.
Consider the following about the IIP Quick Estimates for March 2025: 1. The mining sector grew by 3.0%. 2. The electricity sector grew by 6.3%. Which of the statements given above is/are correct?
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Correct answer: B — 2 only
Only 2 is correct. Mining grew 0.4%; manufacturing grew 3.0% and electricity 6.3%.
By how much did Tamil Nadu raise the dearness allowance of its employees, with effect from 1 January 2025, as announced on 28 April 2025?
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Correct answer: A — 2%
Chief Minister M.K. Stalin announced a 2% DA hike from 1 January 2025, on par with the Union government's hike.
Consider the following announcements made by the Tamil Nadu Chief Minister on 28 April 2025: 1. The earned leave surrender system will be restored from 1 October 2025. 2. The marriage advance for government employees will be ₹5 lakh irrespective of gender. Which of the statements given above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct. EL surrender returns from 1 October 2025 (earlier than the Budget's 1 April 2026), and the marriage advance is ₹5 lakh for all.
Under Tamil Nadu's 28 April 2025 announcements, maternity leave of women government employees will henceforth be counted towards which period?
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Correct answer: D — Probation period
Maternity leave will be counted towards the probation period, protecting women employees' seniority and promotion.
What coal gasification target by 2030 was cited by Union Minister G. Kishan Reddy at India Steel 2025 in Mumbai?
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Correct answer: A — 100 million tonnes
He said coal gasification is being promoted with a target of 100 MT by 2030.
Which edition of India Steel, the biennial international exhibition-cum-conference, was held in Mumbai on 26 April 2025?
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Correct answer: B — 6th
Union Minister G. Kishan Reddy addressed the 6th edition of India Steel in Mumbai.
Consider the following about the event of 26 April 2025 at which ECMS guidelines were launched: 1. Sarvam AI was selected to build India's first indigenous AI foundational model. 2. ECMS was described as a vertical scheme limited to mobile phone manufacturing. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
Only 1 is correct. The minister described ECMS as a horizontal scheme supporting electronics as well as industrial, power and automobile sectors.
According to Ashwini Vaishnaw on 26 April 2025, how many datasets had been uploaded on AI Kosh?
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Correct answer: D — 350
The minister said 350 datasets had already been uploaded on AI Kosh.
Who led the Indian delegation at the 11th BRICS Labour and Employment Ministers' Meeting in Brasília on 25 April 2025?
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Correct answer: D — Shobha Karandlaje
Minister of State for Labour and Employment Shobha Karandlaje led the Indian delegation.
Under which slogan was the 11th BRICS Labour and Employment Ministers' Meeting convened?
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Correct answer: B — Strengthening the Cooperation of the Global South for More Inclusive and Sustainable Governance
The meeting was convened under the slogan 'Strengthening the Cooperation of the Global South for More Inclusive and Sustainable Governance'; 'Technology for Empowerment, Not Exclusion' is the PM's vision cited by India.
Consider the following about the BRICS Labour and Employment Ministers' Meeting of 25 April 2025: 1. It was the 11th such meeting and was held under Brazil's presidency. 2. It was held in New Delhi. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
Only 1 is correct. The meeting was held in Brasília.