Economy Current Affairs Quiz — All time
Daily news by your exam, state and topic — each with a short summary, key facts and MCQs.
How many Land Customs Stations are there along the India–Bhutan border, as per the CBIC release on the 6th JGC meeting?
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Correct answer: C — 10
There are 10 Land Customs Stations along the India–Bhutan border: 6 in West Bengal and 4 in Assam.
Consider the following about the 6th India–Bhutan Joint Group of Customs meeting: 1. It was co-chaired by Surjit Bhujabal, Special Secretary and Member (Customs), CBIC. 2. India accounts for about 80% of Bhutan's overall trade. 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 Finance Ministry release.
Consider the following about the MoU signed on 25 April 2025: 1. It was signed between the Ministry of Cooperation and Swiggy Instamart. 2. A dedicated 'Cooperative' category will be created on Swiggy's platform. 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.
According to its release on the Swiggy Instamart MoU, the Ministry of Cooperation has taken more than how many initiatives for cooperatives?
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Correct answer: B — 60
The Ministry of Cooperation has taken more than 60 initiatives to strengthen the cooperative sector.
Where did APEDA and the Government of Odisha hold the programme to boost agri exports from Odisha on 25 April 2025?
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Correct answer: A — Odisha University of Agriculture and Technology, Bhubaneswar
The programme was held at Dr. M.S. Swaminathan Hall, OUAT, Bhubaneswar.
Consider the following about the APEDA–Odisha programme of 25 April 2025: 1. Deputy Chief Minister and Agriculture Minister Kanak Vardhan Singh Deo was the chief guest. 2. One technical session addressed organic exports under the revised National Programme for Organic Production (NPOP). 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 Commerce Ministry release.
How much cargo moved on India's inland waterways in FY 2024-25, a record?
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Correct answer: D — 145.5 million tonnes
Inland waterways moved a record 145.5 million tonnes in FY 2024-25, up from 18.1 million tonnes in FY 2013-14.
Consider the following about India's inland waterways: 1. The number of National Waterways increased from 5 to 111. 2. The Jalvahak Scheme offers cargo owners a 35% operating cost incentive. 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 Ports, Shipping and Waterways Ministry release.
India aims to raise the modal share of inland water transport from 2% to what level?
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Correct answer: B — 5%
India aims to increase the modal share of inland water transport from 2% to 5%.
Under which brand does National Cooperative Organics Limited (NCOL) promote and distribute organic products?
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Correct answer: C — Bharat Organics
NCOL promotes and distributes organic products under the brand 'Bharat Organics'; NAFED and NCCF are promoter members and Mother Dairy is a sales channel.
Where is the NCOL packaging facility inaugurated on 24 April 2025 located?
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Correct answer: D — Noida
The NCOL packaging facility is in Noida, Uttar Pradesh.
To what level has the Ministry of Coal reduced the floor revenue share for underground coal mines?
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Correct answer: D — 4% to 2%
The floor percentage of revenue share for underground coal mines has been reduced from 4% to 2%.
Consider the following about the Coal Ministry's incentives for underground mining announced on 24 April 2025: 1. The mandatory upfront payment for underground mining ventures has been waived. 2. A 50% rebate on performance security was introduced for the first time as part of this package. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
Only 1 is correct. The 50% rebate on performance security already existed; the new measures complement it.
Where was the second session of the India–South Africa Joint Working Group on Trade and Investment held on 22–23 April 2025?
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Correct answer: A — Pretoria
The second session of the India–South Africa JWGTI was held in Pretoria.
Consider the following about the India–South Africa JWGTI of April 2025: 1. It was co-chaired on the Indian side by Priya Nair, Economic Adviser, Department of Commerce. 2. Recognition of the Indian Pharmacopoeia was among the points discussed. 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 Commerce Ministry release.
Which startup won the Bharat Startup Grand Challenge 2025, announced on 22 April 2025?
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Correct answer: D — Plastics for Change
Buoyancy Plastics for Change Recycling Pvt Ltd won the Bharat Startup Grand Challenge 2025.
Up to how much funding does the Bharat Startup Grand Challenge 2025 carry for the winner?
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Correct answer: C — ₹10 crore
The Bharat Startup Grand Challenge 2025 carries funding of up to ₹10 crore.
For how long will Virginia tobacco grower registrations and barn licences now be valid, as notified in April 2025?
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Correct answer: B — 3 years
The registrations and licences will be valid for 3 years instead of 1 year.
Consider the following about the amendment to the Tobacco Board Rules, 1976, notified in April 2025: 1. It takes effect from the 2025-26 crop season in Andhra Pradesh. 2. It will benefit around 91,000 farmers. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
Only 1 is correct. It will benefit around 83,500 farmers covering about 91,000 barns.
What was the total number of NPS subscribers by March 2025, as per the Finance Ministry release of 22 April 2025?
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Correct answer: D — Over 165 lakh
Total NPS subscribers crossed 165 lakh by March 2025; over 12 lakh new private-sector subscribers joined in 2024-25.
What were the combined assets under management of NPS and Atal Pension Yojana at end-March 2025?
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Correct answer: A — ₹14.43 lakh crore
The AUM of NPS and APY grew 23% during 2024-25 to ₹14.43 lakh crore.
At what rate did the Centre impose a safeguard duty on imports of certain non-alloy and alloy steel flat products in April 2025?
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Correct answer: B — 12%
12%: the Ministry of Steel said a 12% safeguard duty was imposed.
Consider the following about the steel import duty announced in April 2025: 1. It applies to certain non-alloy and alloy steel flat products. 2. It is an anti-dumping duty. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
Only 1 is correct. It is a safeguard duty, not an anti-dumping duty.
What is the final settlement amount in the Android TV case in which the CCI accepted Google's settlement proposal in April 2025?
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Correct answer: B — ₹20.24 crore
₹20.24 crore, after applying a 15% settlement discount.
Under which provision of the Competition Act, 2002 did the CCI agree to Google's settlement proposal in the Android TV case?
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Correct answer: D — Section 48A
Section 48A: the CCI acted under Section 48A(3) read with the Settlement Regulations, 2024; Section 19(1)(a) covers the filing of information, Section 26(1) the DG investigation, and Section 4 abuse of dominance.
By how much did the combined Index of Eight Core Industries grow (provisional) in March 2025 over March 2024?
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Correct answer: D — 3.8%
3.8%: the ICI grew 3.8% in March 2025; 4.4% was the cumulative growth for 2024-25.
Consider the following about the Index of Eight Core Industries for March 2025: 1. The eight core industries comprise 40.27% of the weight of items in the Index of Industrial Production. 2. Natural gas recorded the highest growth among the eight industries in March 2025. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
Only 1 is correct. Cement recorded the highest growth (11.6%); natural gas declined by 12.7%.
Which of the following carries the highest weight in the Index of Eight Core Industries?
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Correct answer: C — Petroleum refinery products
Petroleum refinery products carry a weight of 28.04%, ahead of electricity (19.85%), steel (17.92%) and coal (10.33%).
Consider the following about KVIC's provisional data for 2024-25: 1. Sales of Khadi and Village Industries products exceeded ₹1.70 lakh crore. 2. Production rose about four times compared with 2013-14. Which of the statements given above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct: sales were ₹1,70,551.37 crore and production rose about fourfold (347%) to ₹1,16,599.75 crore.
How many net members did EPFO add in February 2025, as per provisional payroll data?
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Correct answer: D — 16.10 lakh
16.10 lakh net members were added; 7.39 lakh were new subscribers.
Consider the following about EPFO payroll data for February 2025: 1. The 18–25 age group made up more than half of the new subscribers. 2. About 13.18 lakh members who had exited earlier rejoined EPFO. Which of the statements given above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct: the 18–25 group was 57.71% of new subscribers, and about 13.18 lakh members rejoined.
Which Latin American country did Finance Minister Nirmala Sitharaman make her maiden visit to in late April 2025, after the IMF–World Bank Spring Meetings?
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Correct answer: B — Peru
Peru, from 26 to 30 April 2025.
At which institution was Nirmala Sitharaman scheduled to deliver a keynote on 'Laying the foundations of Viksit Bharat 2047' during her April 2025 US visit?
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Correct answer: C — Hoover Institution, Stanford University
Hoover Institution, Stanford University, in San Francisco, as per the Finance Ministry.
Besides the IMF–World Bank Spring Meetings, which G20 meetings was Nirmala Sitharaman to attend in Washington DC during her April 2025 visit?
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Correct answer: B — G20 Finance Ministers and Central Bank Governors meetings
In Washington DC she was to attend the Spring Meetings of the IMF and World Bank and the G20 Finance Ministers and Central Bank Governors (FMCBG) meetings.
Which variety of Indian pomegranate was sent in the first commercial sea shipment to the USA, as announced in April 2025?
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Correct answer: D — Bhagwa
Bhagwa: APEDA said the shipment was of the Bhagwa variety.
Consider the following about the pomegranate shipment to the USA announced by APEDA on 19 April 2025: 1. It was sent by air freight. 2. It was sent from Ahilyanagar in Maharashtra. Which of the statements given above is/are correct?
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Correct answer: B — 2 only
Only 2 is correct. It was the first commercial sea shipment, not an air shipment.
Approximately how much did the first commercial sea shipment of Indian pomegranates to the USA weigh?
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Correct answer: C — 14 tonnes
About 14 tonnes, in 4,620 boxes.
Where and when was the maiden World Audio Visual and Entertainment Summit (WAVES) scheduled, as stated during the I&B Minister's media consultation on 19 April 2025?
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Correct answer: A — Mumbai, 1–4 May 2025
Mumbai, 1–4 May 2025, as per the I&B Ministry release.
What is the full form of WAVES, whose maiden edition was scheduled in Mumbai from 1 to 4 May 2025?
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Correct answer: A — World Audio Visual and Entertainment Summit
WAVES stands for the World Audio Visual and Entertainment Summit; its maiden edition was scheduled in Mumbai from 1 to 4 May 2025.
Consider the following, as stated by the Finance Ministry on 18 April 2025: 1. GST is levied on charges such as the Merchant Discount Rate (MDR) relating to payments. 2. MDR on person-to-merchant (P2M) UPI transactions was removed with effect from January 2020. Which of the statements given above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct; since no MDR is charged on UPI, no GST applies.
According to the ACI Worldwide Report 2024 cited by the Finance Ministry, what share of global real-time transactions did India account for in 2023?
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Correct answer: C — 49%
49%, as cited in the Finance Ministry release.
What was the value of UPI transactions by March 2025, as stated by the Finance Ministry?
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Correct answer: B — ₹260.56 lakh crore
₹260.56 lakh crore by March 2025, up from ₹21.3 lakh crore in 2019-20; ₹3,631 crore was the FY24 incentive allocation.
Consider the following about the changes to the Domestic Gas Allocation Policy announced in April 2025: 1. Auction-based allocation of New Well Gas has been replaced with quarterly pro-rata allocation. 2. From Q1 of FY 2025-26, allocations for CNG (transport) and PNG (domestic) will be made on a two-quarter advance basis. 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 Petroleum and Natural Gas.
What share of projected CGD demand for CNG (T) and PNG (D) was allocated domestic gas in Q1 of FY 2025-26, as per the Petroleum Ministry?
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Correct answer: B — 55.68%
55.68%; it was 54.68% in Q3 2024-25 and is projected at 54.74% for Q2 2025-26.
The MoU signed between FIU-IND and the RBI on 17 April 2025 is aimed at effective compliance with which law?
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Correct answer: B — Prevention of Money Laundering Act
The Prevention of Money Laundering Act and the Rules framed under it.
Consider the following statements about the FIU-IND–RBI MoU of April 2025: 1. The two sides will hold quarterly meetings on issues of mutual interest. 2. The MoU was signed on behalf of the RBI by the Governor. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
Only 1 is correct. The RBI signatory was R.L.K. Rao, Executive Director, Department of Regulation, not the Governor.
What is the revised registration fee per consignment on the Coal Import Monitoring System (CIMS) portal from 15 April 2025?
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Correct answer: C — ₹500
A flat ₹500 per consignment, replacing the earlier range of ₹500 to ₹1,00,000.
Consider the following statements about the CIMS fee revision of April 2025: 1. The earlier fee ranged from ₹500 to ₹1,00,000 per consignment. 2. The Steel Import Monitoring System (SIMS) also operates under a flat fee model. Which of the statements given above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct. The ministry said the change aligns CIMS with SIMS, NFIMS and PIMS, which use flat fees.
The Central Tool Room & Training Centre (CTTC), Bhubaneswar, visited by the MSME Minister in April 2025, has made components for which of the following?
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Correct answer: B — Chandrayaan-3 and LCA-Tejas
Chandrayaan-3 (ISRO) and the LCA-Tejas project (ADA); it is now producing components for Gaganyaan.
The pharmaceutical cluster at Mancheswar Industrial Estate, Bhubaneswar, is a Common Facility Centre set up under which MSME Ministry scheme?
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Correct answer: D — MSE-CDP
MSE-CDP: the CFC was established under the MSE-CDP scheme with support from the Government of Odisha.
What was India's CPI-based retail inflation for the full year 2024-25, as stated by the Finance Ministry in April 2025?
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Correct answer: B — 4.6%
4.6%, the lowest since 2018-19.
March 2025's year-on-year CPI inflation of 3.34% was the lowest monthly rate since:
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Correct answer: C — August 2019
August 2019; March 2025 inflation was 27 basis points lower than February 2025.
Consider the following statements about India's Consumer Price Index (CPI): 1. It is compiled by the Reserve Bank of India. 2. It is currently calculated with base year 2012. Which of the statements given above is/are correct?
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Correct answer: B — 2 only
Only 2 is correct. The CPI is compiled by the National Statistical Office under MoSPI, not the RBI; its base year is 2012.
India's total (merchandise and services) exports in 2024-25 were estimated at about:
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Correct answer: A — US$ 820.93 billion
US$ 820.93 billion, up 5.50% from US$ 778.13 billion in 2023-24.
Consider the following statements about India's exports in 2024-25: 1. Merchandise exports declined compared to 2023-24. 2. Services exports are estimated to have declined compared to 2023-24. Which of the statements given above is/are correct?
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Correct answer: D — Neither 1 nor 2
Neither is correct. Merchandise exports grew 0.08% to US$ 437.42 billion and services exports are estimated to have grown 12.45% to US$ 383.51 billion.
How many individuals were insured through the Government e Marketplace (GeM) in 2024-25?
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Correct answer: D — Over 1.3 crore
Over 1.3 crore: more than 1.3 crore individuals under health, life and personal accident policies.
When was the Insurance Services category introduced on GeM?
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Correct answer: C — January 2022
January 2022; only IRDAI-approved providers are onboarded.
On which model will Centres of Excellence under the National Critical Mineral Mission operate, as per guidelines issued in April 2025?
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Correct answer: A — Hub-and-spoke consortium
A consortium on a hub-and-spoke model, with at least two industry and two R&D/academic partners.
Up to which Technology Readiness Level (TRL) are NCMM Centres of Excellence expected to take directed R&D?
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Correct answer: D — TRL 7/8
TRL 7/8 pilot plant and pre-commercial demonstration.
The CCI's April 2025 order against UFO Moviez and Qube Cinema found a contravention of which provision of the Competition Act, 2002?
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Correct answer: B — Section 3(4)
Section 3(4), through tie-in arrangements, exclusive supply agreements and refusal to deal; sanctions were imposed under Section 27.
Consider the following statements about the CCI order of 16 April 2025: 1. It related to the lease of DCI-compliant digital cinema equipment to cinema theatre owners. 2. A penalty of ₹165.8 lakh was imposed on Qube Cinema Technologies. Which of the statements given above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct. UFO Moviez (with Scrabble Digital) was fined ₹104.03 lakh and Qube ₹165.8 lakh.
On which date was the PM Vishwakarma Scheme launched, as recalled at the Baripada conclave in April 2025?
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Correct answer: D — 17 September 2023
17 September 2023.
Consider the following statements about the PM Vishwakarma–National SC-ST Hub Conclave held in April 2025: 1. It was co-chaired by Union MSME Minister Jitan Ram Manjhi and Odisha Chief Minister Mohan Charan Majhi. 2. The National SC-ST Hub was launched in October 2016. 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 MSME Ministry release.
What was India's annual WPI-based inflation rate (provisional) for March 2025?
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Correct answer: B — 2.05%
2.05% (provisional), down from 2.38% in February 2025.
Consider the following statements about the WPI for March 2025: 1. Inflation in manufactured products was 3.07%. 2. Fuel & power has the largest weight among the three major groups of the WPI. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
Only 1 is correct. Manufactured products have the largest weight (64.23%); fuel & power has 13.15%.