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 overall tele-density at the end of December 2024, as per data released on 11 March 2025?
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Correct answer: B — 84.45%
Overall tele-density was 84.45%; 131.50% was the urban figure and 58.22% the rural one.
Which renewable energy company's acquisition by ONGC NTPC Green Private Limited did the CCI approve on 11 March 2025?
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Correct answer: B — Ayana Renewable Power
The CCI approved the acquisition of 100% of Ayana Renewable Power Private Limited by ONGC NTPC Green, a JV of ONGC Green and NTPC Green Energy.
Why was Manipur's 2025-26 Budget tabled in the Lok Sabha on 10 March 2025?
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Correct answer: B — The state was under President's Rule
Manipur was under President's Rule after a Proclamation under Article 356 on 13 February 2025, so Parliament exercises the state legislature's powers.
What expenditure was estimated in Manipur's 2025-26 Budget tabled in Parliament in March 2025?
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Correct answer: D — About ₹35,104 crore
The Budget estimated expenditure of ₹35,103.90 crore, up from ₹32,656.81 crore in 2024-25.
Consider the following statements in the context of Manipur in March 2025: 1. Under a Proclamation of President's Rule, the President can declare that the powers of the state legislature shall be exercisable by or under the authority of Parliament. 2. The Proclamation of President's Rule in Manipur was issued on 13 February 2025. Which of the above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct. Article 356(1)(b) allows the President to declare that the state legislature's powers be exercisable by or under Parliament's authority; the Manipur Proclamation was issued on 13 February 2025, as the FM noted while tabling the Budget.
What was the estimated wheat production for 2024-25 in the Second Advance Estimates released on 10 March 2025?
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Correct answer: C — 1,154.30 lakh tonnes
Wheat was estimated at a record 1,154.30 LMT, 21.38 LMT above 2023-24's 1,132.92 LMT; 1,206.79 LMT is the kharif rice figure.
Which of the following crops was NOT listed with record production in the Second Advance Estimates for 2024-25?
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Correct answer: D — Rapeseed and mustard
Records were reported for kharif rice, wheat, kharif maize, kharif groundnut and soybean; rapeseed and mustard (128.73 LMT) was not marked a record.
Consider the following statements about the Second Advance Estimates of crop production for 2024-25: 1. Kharif rice production was estimated to be higher than wheat production. 2. Yield estimates are based mainly on crop-cutting experiments. Which of the above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct: kharif rice was put at 1,206.79 LMT against wheat at 1,154.30 LMT, and the ministry said yields are based on crop-cutting experiments, past trends and other factors.
The Electronics Manufacturing Cluster at Divitipally, where four units' foundation was laid on 8 March 2025, is in which state?
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Correct answer: B — Telangana
Divitipally is in Mahabubnagar district, Telangana.
Which company is the anchor unit at the Divitipally EMC, building a 16 GW cell and 5 GW battery pack giga factory?
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Correct answer: C — Amara Raja Advanced Cell Technologies
Amara Raja Advanced Cell Technologies is the anchor unit, with a projected investment of ₹9,500 crore over five years.
Consider the following statements about the Modified Electronics Manufacturing Clusters (EMC 2.0) Scheme: 1. It was approved by the Union Cabinet in March 2020. 2. For EMC projects, financial assistance is 50% of the project cost, subject to a ceiling of ₹70 crore for every 100 acres. 3. It is administered by the Ministry of Heavy Industries. Which of the statements given above are correct?
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Correct answer: A — 1 and 2 only
The Cabinet approved EMC 2.0 on 21 March 2020 with an outlay of ₹3,762.25 crore. Assistance for EMC projects is 50% of project cost, up to ₹70 crore per 100 acres. The scheme is run by the Ministry of Electronics and IT (MeitY), not Heavy Industries.
The scheme notified on 7 March 2025 lets cooperative sugar mills convert their ethanol plants to also use which feedstocks?
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Correct answer: A — Maize and damaged food grains
The conversion lets cooperative sugar mills use grains like maize and damaged food grains (DFG), so ethanol can be produced year-round.
Consider the following statements about the scheme for cooperative sugar mills notified on 7 March 2025: 1. Interest subvention is 6% per annum or 50% of the rate of interest charged by banks, whichever is lower. 2. The subvention is for five years, including a one-year moratorium. 3. The scheme was notified by the Ministry of Petroleum and Natural Gas. Which of the statements given above are correct?
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Correct answer: A — 1 and 2 only
The subvention is 6% a year or 50% of the bank rate, whichever is lower, for five years including a one-year moratorium. The scheme was notified by the Department of Food and Public Distribution, under the modified Ethanol Interest Subvention Scheme.
On 6 March 2025, PM Modi performed pooja at Mukhwa in Uttarakhand. Mukhwa is the winter seat of which deity?
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Correct answer: B — Maa Ganga
Mukhwa (Mukhimath) in Uttarkashi district is the winter abode of Maa Ganga, where the Gangotri deity is worshipped in winter.
According to PM Modi at Harsil (March 2025), the Kedarnath Ropeway will cut the travel time from 8–9 hours to about:
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Correct answer: A — 30 minutes
The PM said the Kedarnath Ropeway, approved by the Union Cabinet along with the Hemkund Ropeway, will reduce the journey to about 30 minutes.
At Harsil in March 2025, the PM said efforts had begun to resettle which two border villages of Uttarkashi?
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Correct answer: B — Nelong and Jadung
The PM said resettlement of Nelong and Jadung had begun, and a bike rally to Jadung was flagged off from the event.
Which title has Uttarakhand been awarded, as mentioned by PM Modi at Harsil in March 2025?
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Correct answer: D — Most Film-Friendly State
The PM said Uttarakhand has been given the title of 'Most Film-Friendly State' and invited the film industry to shoot there.
Consider the following statements from PM Modi's Harsil address of 6 March 2025: 1. Ten villages of the region have been included in the Vibrant Village Program. 2. Char Dham pilgrims have risen from about 18 lakh a year before 2014 to about 50 lakh a year. 3. Mana and Jadung were villages emptied in 1965. Which of the statements given above are correct?
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Correct answer: A — 1 and 2 only
Statements 1 and 2 are correct. Statement 3 is wrong: the PM said Mana and Jadung were emptied in 1962 and have since been restored.
How many floating jetties will IWAI provide in Jammu and Kashmir under the river cruise MoU of March 2025?
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Correct answer: D — Ten
IWAI will provide ten floating jetties: two on the Chenab, seven on the Jhelum and one on the Ravi.
Which national waterway number has been declared on the Jhelum river in Jammu and Kashmir?
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Correct answer: A — NW-49
The Jhelum is NW-49. The Chenab is NW-26 and the Ravi is NW-84.
Under the IWAI–J&K MoU of March 2025, the single floating jetty on the Ravi (NW-84) will be at:
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Correct answer: B — Sohar
One jetty will be at Sohar on the Ravi; the two on the Chenab are at Akhnoor and Reasi.
In which city was the new Credit Assessment Model for MSMEs launched by Nirmala Sitharaman on 6 March 2025?
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Correct answer: A — Visakhapatnam
The model was launched at a post-Budget interaction in Visakhapatnam, Andhra Pradesh.
The new Credit Assessment Model for MSMEs launched in March 2025 was first announced in which Union Budget?
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Correct answer: B — Union Budget 2024-25
The Union Budget 2024-25 announced that public sector banks would develop an in-house model to assess MSMEs for credit.
Which of the following is NOT true of the Credit Assessment Model for MSMEs launched in March 2025?
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Correct answer: C — It was developed by the Reserve Bank of India for private banks
The model was built by public sector banks, as announced in the Budget, not by the RBI. The other three statements are true.
According to Mansukh Mandaviya in Hyderabad on 6 March 2025, the upcoming EPFO 3.0 will include plans for members to withdraw money through:
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Correct answer: C — ATMs
He said EPFO 3.0 will make the system as accessible as a bank, including withdrawals through ATMs.
The Fiscal Support Agreement signed on 5 March 2025 by the India Semiconductor Mission and Tata relates to India's first commercial semiconductor fab at:
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Correct answer: D — Dholera
The agreement is for Tata Electronics' fab at Dholera, Gujarat, India's first commercial semiconductor fab.
Which Taiwanese company's expertise is being brought to India through Tata Electronics' Dholera semiconductor fab?
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Correct answer: A — Powerchip Semiconductor Manufacturing Corporation
The Dholera fab brings in the expertise of Taiwan's Powerchip Semiconductor Manufacturing Corporation (PSMC).
What share of eligible project cost will the Government of India provide as fiscal support, on a pari-passu basis, for the Tata Dholera fab?
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Correct answer: D — 50%
The Government, through ISM, has committed 50% fiscal support on a pari-passu basis for eligible project costs.
About how many members were in the Belgian Economic Mission to India led by Princess Astrid, whom PM Modi met on 4 March 2025?
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Correct answer: C — 300
The PM appreciated Princess Astrid's initiative to lead a 300-member Economic Mission to India.
Who was appointed Chief Executive Officer of Government e Marketplace (GeM) with effect from 3 March 2025?
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Correct answer: D — Ajay Bhadoo
Ajay Bhadoo, Additional Secretary in the Department of Commerce, was appointed GeM CEO with effect from 3 March 2025.
Before joining the Department of Commerce, the new GeM CEO Ajay Bhadoo (appointed March 2025) served in which post?
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Correct answer: B — Deputy Election Commissioner
Ajay Bhadoo, a 1999-batch Gujarat-cadre IAS officer, earlier served as Deputy Election Commissioner at the Election Commission of India.
According to NITI Aayog's report 'From Borrowers to Builders' launched on 3 March 2025, how many women were monitoring their credit as of December 2024?
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Correct answer: A — 27 million
As of December 2024, 27 million women were monitoring their credit, a 42% increase over the previous year.
Under NITI Aayog's Women Entrepreneurship Platform, which collaborative was mentioned at the launch of the 'From Borrowers to Builders' report on 3 March 2025?
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Correct answer: C — Financing Women Collaborative
NITI Aayog CEO B.V.R. Subrahmanyam said the Financing Women Collaborative (FWC) has been constituted under WEP and invited financial sector stakeholders to join it.
Fifteenth Finance Commission untied grants of about ₹699 crore, announced on 3 March 2025, were released for rural local bodies of which state?
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Correct answer: B — West Bengal
The grants went to 21 District Panchayats, 326 Block Panchayats and 3,220 Gram Panchayats in West Bengal.
The Central Warehousing Corporation, which celebrated its 69th Foundation Day on 2 March 2025, was established in which year?
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Correct answer: C — 1957
The CWC was set up in 1957 and marked its 69th Foundation Day on 2 March 2025.
At CWC's 69th Foundation Day (2 March 2025), Pralhad Joshi said the government aims to bring logistics costs down to around what level?
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Correct answer: D — 8%
He said the National Logistics Policy and PM Gati Shakti aim to cut logistics costs from 13-14% to the global standard of around 8%.
Consider the following statements about the Central Warehousing Corporation (CWC), which marked its 69th Foundation Day on 2 March 2025: 1. The CWC is a company incorporated under the Companies Act, 1956. 2. The Warehousing Corporations Act, 1962, under which the CWC functions, is administered by the Ministry of Consumer Affairs, Food and Public Distribution. Which of the statements given above is/are correct?
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Correct answer: B — 2 only
The CWC is a statutory corporation constituted under the Warehousing Corporations Act, 1962 (Section 3), not a company under the Companies Act; that Act is administered by the Ministry of Consumer Affairs, Food and Public Distribution (Department of Food and Public Distribution). Only the second statement is correct.
At the post-budget webinar on agriculture on 1 March 2025, PM Modi said what share of India's domestic pulse consumption still relies on imports?
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Correct answer: B — 20 percent
The PM said 20 percent of domestic pulse consumption still depends on imports, and called for higher production of tur, urad and masoor.
According to PM Modi's post-budget webinar address of 1 March 2025, India's agricultural production has risen from about 265 million tonnes a decade ago to over how much?
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Correct answer: C — 330 million tonnes
Agricultural production rose from about 265 million tonnes to over 330 million tonnes; horticulture output has exceeded 350 million tonnes.
How many new crop varieties did PM Modi say ICAR developed between 2014 and 2024, in his post-budget webinar address on 1 March 2025?
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Correct answer: A — Over 2,900
The PM said ICAR developed over 2,900 new varieties of grains, oilseeds, pulses, fodder and sugarcane between 2014 and 2024.
What was India's cumulative coal production from April 2024 to February 2025, as reported by the Ministry of Coal on 1 March 2025?
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Correct answer: B — 928.95 MT
Cumulative production reached 928.95 MT, up 5.73% from 878.55 MT in the same period a year earlier.
By what percentage did coal production from captive and other entities grow in April 2024–February 2025, according to the Ministry of Coal?
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Correct answer: C — 30.16%
Captive and other entities produced 173.58 MT, up 30.16%; 31.90% was the growth in their dispatch and 5.73% the growth in total production.
Civil Accounts Day, celebrated for the 49th time on 1 March 2025, marks the foundation day of which service?
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Correct answer: B — Indian Civil Accounts Service
Civil Accounts Day marks the foundation day of the Indian Civil Accounts Service (ICAS); the 49th edition was held in New Delhi on 1 March 2025.
At the 49th Civil Accounts Day (1 March 2025), the Finance Minister said PFMS payments had grown from 2 crore in 2015 to how many in 2024?
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Correct answer: C — 250 crore
Nirmala Sitharaman said the volume of PFMS transactions went up from 2 crore payments in 2015 to 250 crore in 2024.
The Indian Bureau of Mines observed its 78th Foundation Day as Khanij Diwas on 1 March 2025 at its headquarters in which city?
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Correct answer: A — Nagpur
IBM marked its 78th Foundation Day as Khanij Diwas at its headquarters in Nagpur.
What real GDP growth rate for the October–December 2024 quarter (Q3 of 2024-25) did MoSPI estimate on 28 February 2025?
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Correct answer: C — 6.2%
Real GDP grew 6.2% in Q3 of 2024-25; 6.5% is the full-year estimate and 5.6% the revised Q2 growth.
What real GDP growth for 2024-25 was estimated in the Second Advance Estimates released on 28 February 2025?
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Correct answer: B — 6.5%
The Second Advance Estimates put real GDP growth for 2024-25 at 6.5%, revised up from the First Advance Estimates.
As per the First Revised Estimates released on 28 February 2025, India's real GDP growth in 2023-24 was:
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Correct answer: C — 9.2%
Real GDP grew 9.2% in 2023-24, the highest in the previous 12 years except 2021-22; 8.6% was real GVA growth that year and 7.6% the final 2022-23 growth.
According to MoSPI's estimates of 28 February 2025, Private Final Consumption Expenditure is expected to grow by how much in 2024-25?
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Correct answer: C — 7.6%
PFCE is expected to grow 7.6% in 2024-25, compared with 5.6% in 2023-24.
Consider the following statements about the national accounts estimates released by the NSO on 28 February 2025: 1. Real GDP growth of 9.2% in 2023-24 is the highest in the previous 12 years except for 2021-22. 2. The growth rate of real GDP for Q2 of 2024-25 was revised upward to 5.6%. 3. Construction is expected to be the fastest-growing sector in 2024-25 at 10.4%. Which of the statements given above is/are correct?
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Correct answer: C — 1 and 2 only
Statements 1 and 2 are correct. Statement 3 is wrong: construction is estimated to grow 8.6% in 2024-25; 10.4% was its growth in 2023-24.
What rate of interest on EPF accumulations for 2024-25 did EPFO's Central Board of Trustees recommend on 28 February 2025?
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Correct answer: C — 8.25%
The CBT recommended 8.25% for 2024-25; it is credited after the Government notifies the rate.
Who chairs the Central Board of Trustees of EPF, as at its 237th meeting on 28 February 2025?
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Correct answer: B — Union Minister for Labour and Employment
The CBT is chaired by the Union Labour and Employment Minister (Dr Mansukh Mandaviya); the Central PF Commissioner is Member Secretary.
India's first offshore mineral block, a construction sand block for which a Letter of Intent was handed over on 28 February 2025, was allotted to which entity?
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Correct answer: C — Jawaharlal Nehru Port Authority
The LoI for the offshore construction sand block was handed to the Jawaharlal Nehru Port Authority (JNPA).
The sand from the offshore block allotted on 28 February 2025 will be used for reclamation at which greenfield port?
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Correct answer: D — Vadhavan, Palghar
About 200 million cubic metres of sand from the block off the Daman coast will be used to reclaim land for the greenfield Vadhavan Port in Palghar, Maharashtra.
By how much did the combined Index of Eight Core Industries grow (provisional) in January 2025 over January 2024?
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Correct answer: D — 4.6%
The index rose 4.6% in January 2025; 4.4% was cumulative growth for April–January 2024-25.
According to Union Mines Minister G. Kishan Reddy on 27 February 2025, which States/UTs would soon join the mineral auction regime, taking it to 17 States?
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Correct answer: A — Assam, Jammu & Kashmir and Kerala
The Minister said Assam, Jammu & Kashmir and Kerala would soon join the mineral auction regime, expanding India's mineral auction map to 17 States.
According to the Ministry of Mines (27 February 2025), what is India's rank among the world's aluminium producers?
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Correct answer: A — 2nd
The Ministry said India is the 2nd largest aluminium producer in the world, among the top 10 in refined copper and the 4th largest iron ore producer.
MAITRI, whose logo was launched by the Ports Ministry on 27 February 2025, is meant to operationalise the Virtual Trade Corridor between India and which country?
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Correct answer: C — United Arab Emirates
MAITRI (Master Application for International Trade and Regulatory Interface) will operationalise the Virtual Trade Corridor between India and the UAE.
What is 'Sagar Ankalan', launched by Union Minister Sarbananda Sonowal on 27 February 2025?
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Correct answer: D — A Logistics Port Performance Index for ports
Sagar Ankalan is the Logistics Port Performance Index (LPPI) for FY 2023-24, which ranks major and non-major ports in bulk and container categories.
Under the One Nation-One Port Process launched on 27 February 2025, the number of documents for container operations was reduced from 143 to:
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Correct answer: D — 96
The ONOP process cut container operation documents by 33%, from 143 to 96, and bulk cargo documents from 150 to 106.
On 27 February 2025 the Punjab Cabinet approved adopting the Water (Prevention and Control of Pollution) Amendment Act, 2024, which Parliament had enacted under which Article of the Constitution?
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Correct answer: B — Article 252
The Amendment Act was enacted by Parliament under clause (1) of Article 252 read with clause (2), so a State applies it by adopting it.
Consider the following statements in the context of Punjab's decision of 27 February 2025 on the Water (Prevention and Control of Pollution) Amendment Act, 2024: 1. Under Article 252, Parliament may legislate on a State subject for two or more States whose legislatures pass resolutions to that effect, and another State may adopt such a law later by a resolution of its legislature. 2. The 2024 amendment replaces criminal liability for contraventions with financial penalties imposed by an adjudicating officer. Which of the statements given above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct: Article 252 allows a law on a State subject for consenting States, with later adoption by resolution by other States, and the amendment adopted by Punjab replaces criminal liability with financial penalties through an adjudicating officer.
What excise revenue target did Punjab's Excise Policy 2025-26, approved by the State Cabinet on 27 February 2025, set?
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Correct answer: C — ₹11,020 crore
The Excise Policy 2025-26 aims at ₹11,020 crore, ₹874.05 crore above the 2024-25 target of ₹10,145 crore.
'Gunvatta Sankalp', held in Kohima for Nagaland as announced on 27 February 2025, is an initiative of which body?
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Correct answer: C — Quality Council of India
Gunvatta Sankalp is a Quality Council of India initiative, held for Nagaland in Kohima with the state government after Andhra Pradesh, Gujarat and Odisha.
According to the chairman of the Group of Ministers on discom viability (Mumbai, 27 February 2025), every 1% increase in AT&C loss causes utilities a loss of more than:
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Correct answer: A — ₹10,000 crore
Union MoS Shripad Yesso Naik, chairing the GoM, said every 1% increase in AT&C loss results in losses of upwards of ₹10,000 crore for utilities.
Under which scheme did Sarbananda Sonowal announce ₹1,500 crore for green vessel transition in Assam by 2030, at Advantage Assam 2.0?
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Correct answer: A — Harit Nauka
Sonowal announced ₹1,500 crore for green vessel transition in Assam by 2030 under the Harit Nauka scheme.
Besides Guwahati, which town in Assam is to get a water metro service under the ₹315 crore investment announced at Advantage Assam 2.0?
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Correct answer: C — Dhubri
Sonowal announced a water metro service in Guwahati and Dhubri with an investment of ₹315 crore.
Where will the Centre set up a ₹120 crore Regional Centre of Excellence for inland water transport, as announced at Advantage Assam 2.0?
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Correct answer: D — Dibrugarh
The Centre earmarked ₹120 crore for a Regional Centre of Excellence at Dibrugarh.