Economy Current Affairs Quiz — All time
Daily news by your exam, state and topic — each with a short summary, key facts and MCQs.
With which company did DPIIT sign an MoU on 26 February 2025 to support manufacturing and fintech startups?
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Correct answer: D — Paytm
DPIIT and Paytm signed the MoU, under which Paytm will give manufacturing and fintech startups mentorship, infrastructure and market access support.
In which year was the first edition of the Advantage Assam investment summit held, as recalled by PM Modi while inaugurating Advantage Assam 2.0?
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Correct answer: A — 2018
PM Modi noted that the first Advantage Assam summit was held in 2018, when Assam's economy was valued at ₹2.75 lakh crore.
According to PM Modi at Advantage Assam 2.0, Assam's economy, valued at ₹2.75 lakh crore in 2018, has now grown to approximately:
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Correct answer: B — ₹6 lakh crore
The PM said Assam's economy has grown from ₹2.75 lakh crore in 2018 to approximately ₹6 lakh crore, doubling in six years.
At Advantage Assam 2.0, Ashwini Vaishnaw announced two Amrit Bharat trains connecting Guwahati with which two cities?
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Correct answer: C — Delhi and Chennai
Vaishnaw announced two Amrit Bharat trains, Guwahati-Delhi and Guwahati-Chennai, to become operational in 2025.
Where in Assam did the Railway Minister announce a railway engine midlife remanufacturing facility at Advantage Assam 2.0?
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Correct answer: A — Lumding
Vaishnaw announced the establishment of a railway engine midlife remanufacturing facility at Lumding.
As of 31 December 2024, what was the total amount under operative Kisan Credit Card accounts, as per the Finance Ministry?
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Correct answer: A — 10.05 lakh crore rupees
The amount under operative KCC accounts stood at 10.05 lakh crore rupees as of 31 December 2024, benefiting 7.72 crore farmers.
The Union Budget 2025-26 raised the loan limit under the Modified Interest Subvention Scheme for KCC loans from 3 lakh rupees to:
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Correct answer: B — 5 lakh rupees
The Finance Minister announced in the Budget Speech 2025-26 that the MISS loan limit would rise from 3 lakh to 5 lakh rupees.
Consider the following statements about short-term KCC loans under the Modified Interest Subvention Scheme: 1. Banks get 1.5% interest subvention and farmers who repay promptly get a 3% incentive, bringing the effective rate to 4% a year. 2. KCC loans up to 2 lakh rupees are extended without collateral. Which of the statements given above is/are correct?
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Correct answer: C — Both 1 and 2
Under MISS, banks get 1.5% subvention on KCC loans at 7%, and a 3% Prompt Repayment Incentive cuts the farmer's effective rate to 4%; loans up to 2 lakh rupees are collateral-free. Both statements are correct.
According to the Time Use Survey 2024, what share of women aged 15-59 years participated in caregiving for their household members?
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Correct answer: D — 41 per cent
About 41% of women aged 15-59 took part in caregiving for household members, compared with 21.4% of men.
As per the Time Use Survey 2024, about how many minutes a day did female participants aged 15-59 spend on caregiving for household members, against 74 minutes for men?
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Correct answer: C — 140 minutes
Female participants in caregiving spent about 140 minutes a day, compared with 74 minutes for male participants aged 15-59.
According to Amit Shah at the closing ceremony, MoUs worth how much were signed at Madhya Pradesh's Global Investors Summit 2025 in Bhopal?
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Correct answer: B — 30.77 lakh crore rupees
Amit Shah said MoUs worth a total of 30 lakh 77 thousand crore rupees were signed during the two-day summit.
Ashwini Vaishnaw said two electronic manufacturing clusters have been approved for Madhya Pradesh. Where are they?
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Correct answer: B — Bhopal and Jabalpur
Vaishnaw said two electronic manufacturing clusters were approved for Madhya Pradesh, one in Bhopal and the other in Jabalpur.
How many engineers did Ashwini Vaishnaw announce would be trained in Madhya Pradesh under the Future Skills programme, at the Global Investors Summit 2025?
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Correct answer: D — 20,000
Vaishnaw announced the training of 20,000 engineers in Madhya Pradesh under the Future Skills programme.
As per EPFO's provisional payroll data released on 25 February 2025, how many net members were added in December 2024?
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Correct answer: D — 16.05 lakh
EPFO recorded a net addition of 16.05 lakh members in December 2024, including about 8.47 lakh new subscribers.
Which state led in net payroll addition in EPFO's December 2024 data, contributing 21.71%?
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Correct answer: B — Maharashtra
Maharashtra led all states, adding 21.71% of the net payroll in December 2024.
In which district of Madhya Pradesh will SECI set up a 200 MW solar project under the MoU signed at the Global Investors Summit 2025?
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Correct answer: B — Dhar
SECI signed an MoU with the Madhya Pradesh government for a 200 MW solar project at Dhar under the CPSU Scheme.
Besides the 200 MW solar project, SECI's February 2025 MoU with Madhya Pradesh covers a battery storage project of what size?
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Correct answer: A — 1000 MWh
The MoU covers a 200 MW solar project at Dhar and a 1000 MWh battery storage project in the state.
While inaugurating the Global Investors Summit 2025 in Bhopal, PM Modi named which three sectors as key drivers of India's developed future?
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Correct answer: C — Textile, tourism and technology
The PM said textile, tourism and technology will be key drivers of India's developed future.
Who was the UK minister who announced the resumption of India-UK trade negotiations with Piyush Goyal in New Delhi on 24 February 2025?
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Correct answer: A — Jonathan Reynolds
UK Secretary of State for Business and Trade Jonathan Reynolds announced the resumption with Piyush Goyal in Delhi.
The resumption of India-UK trade talks in February 2025 followed a meeting between PM Modi and Keir Starmer on the sidelines of the G20 Summit in November 2024, held in:
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Correct answer: B — Rio de Janeiro
Modi and Starmer met on the sidelines of the G20 Summit in Rio de Janeiro, Brazil, in November 2024.
In which city was the Invest Kerala Global Summit 2025 held on 21-22 February 2025?
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Correct answer: C — Kochi
The summit was held at the Lulu Bolgatty International Convention Centre in Kochi.
Which agency organised the Invest Kerala Global Summit 2025?
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Correct answer: D — KSIDC
The summit was organised by the Kerala State Industrial Development Corporation (KSIDC) under the Department of Industries and Commerce.
Expressions of interest worth how much were received at the Invest Kerala Global Summit 2025?
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Correct answer: A — About ₹1.52 lakh crore
Industries Minister P. Rajeeve said expressions of interest worth ₹1,52,905 crore came from 374 companies.
The 'Compendium of Datasets and Registries in India, 2024' released by NSO in February 2025 covers about how many datasets and registries?
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Correct answer: D — 270
The compendium consolidates metadata for about 270 datasets and registries from 40 Ministries and Departments.
SECL's Dipka Megaproject, which commissioned new silos and a rapid loading system on 21 February 2025, is in which state?
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Correct answer: D — Chhattisgarh
The Dipka Megaproject of South Eastern Coalfields Limited is in Chhattisgarh.
With the commissioning of Silos 3 and 4, what is the total coal dispatch capacity of the Dipka Megaproject?
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Correct answer: D — 40 MTPA
The new 25 MTPA silo system plus the earlier 15 MTPA Merry-Go-Round system take Dipka's total dispatch capacity to 40 MTPA.
According to the Power Minister on 21 February 2025, average electricity supply in rural areas has risen to how many hours a day in 2025?
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Correct answer: A — 22.6 hours
Manohar Lal said rural supply rose from 12.5 hours in 2014 to 22.6 hours in 2025, and urban supply reached 23.4 hours.
AT&C losses in India's power sector fell from 22.62% in 2014 to what level in 2025, as stated by the Power Minister?
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Correct answer: A — 15%
The Minister said AT&C losses fell from 22.62% in 2014 to 15% in 2025.
How many new employees were enrolled under the ESI Scheme in December 2024, according to provisional ESIC payroll data?
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Correct answer: D — 17.01 lakh
ESIC's provisional payroll data showed 17.01 lakh new employees added in December 2024, with 20,360 new establishments.
Which of the following minerals was NOT among those shifted from minor to major minerals by the Ministry of Mines in February 2025?
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Correct answer: A — Limestone
The minerals shifted were Barytes, Felspar, Mica and Quartz; limestone was not part of this notification.
The Inter-Ministerial Committee that recommended reclassifying Barytes, Felspar, Mica and Quartz as major minerals was chaired by:
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Correct answer: B — Dr V.K. Saraswat
The Inter-Ministerial Committee on the mines and minerals sector was chaired by NITI Aayog Member Dr V.K. Saraswat.
Quartz, Felspar and Mica were reclassified partly because they occur in which rocks that are an important source of critical minerals like lithium and beryl?
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Correct answer: C — Pegmatite
Quartz, Felspar and Mica are found in pegmatite rocks, an important source of critical minerals such as beryl, lithium, niobium and tantalum.
Consider the following statements about the reclassification of Barytes, Felspar, Mica and Quartz as major minerals (February 2025): 1. Revenue from these mines will now accrue to the Central Government instead of the states. 2. Existing leases will be extended to 50 years from the date of grant under Section 8A of the MMDR Act, 1957. Which of the statements given above is/are correct?
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Correct answer: B — 2 only
The Ministry said revenue from these mines will continue to accrue to the state governments, while leases get extended to 50 years from the date of grant (or till the end of the renewal period, if later) under Section 8A, so only the second statement is correct.
What is the size of the Uttar Pradesh budget for 2025-26 presented on 20 February 2025?
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Correct answer: D — ₹8,08,736 crore
Finance Minister Suresh Kumar Khanna tabled a ₹8,08,736 crore budget for 2025-26, up from ₹7,36,437 crore in 2024-25.
Who presented the Uttar Pradesh budget for 2025-26 in the state Assembly?
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Correct answer: A — Suresh Kumar Khanna
Finance Minister Suresh Kumar Khanna presented the budget on 20 February 2025.
What is the size of the Gujarat budget for 2025-26 presented on 20 February 2025?
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Correct answer: B — ₹3,70,250 crore
Finance Minister Kanubhai Desai presented a ₹3,70,250 crore budget for 2025-26.
The Viksit Gujarat Fund proposed in Gujarat's 2025-26 budget is worth how much over five years?
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Correct answer: C — ₹50,000 crore
The Finance Minister proposed a ₹50,000 crore Viksit Gujarat Fund over the next five years, with ₹5,000 crore allocated for 2025-26.
The 'Namo Shakti Expressway' announced in Gujarat's 2025-26 budget will connect Banaskantha with:
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Correct answer: D — Saurashtra's coastal areas
The greenfield Namo Shakti Expressway is to connect Banaskantha to Saurashtra's coastal areas.
Who presented the Rajasthan Budget 2025-26 in the state Assembly on 19 February 2025?
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Correct answer: D — Diya Kumari
Deputy Chief Minister and Finance Minister Diya Kumari presented the 2025-26 Rajasthan Budget.
How much did Rajasthan provide under its first Green Budget, presented with the 2025-26 Budget?
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Correct answer: A — ₹27,854 crore
The Budget speech says ₹27,854 crore has been provided across sectors under the state's first Green Budget for 2025-26.
Rajasthan's estimated fiscal deficit for 2025-26 is what share of its GSDP?
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Correct answer: B — 4.25%
The fiscal deficit of ₹84,643 crore is 4.25% of GSDP, as stated with the Budget.
Which Indian PSU signed an MoU with the Provincial Government of Catamarca, Argentina, on 19 February 2025 for critical mineral exploration?
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Correct answer: C — Mineral Exploration and Consultancy Limited (MECL)
The MoU was signed between Mineral Exploration and Consultancy Limited (MECL), a PSU under the Ministry of Mines, and the Provincial Government of Catamarca.
Argentina, a partner in India's search for battery minerals, is part of which resource region?
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Correct answer: D — Lithium Triangle
The Ministry of Mines described Argentina as known for its vast lithium reserves as part of the 'Lithium Triangle'.
How much did Bihar receive as the second instalment of XV Finance Commission untied grants for rural local bodies, announced on 19 February 2025?
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Correct answer: C — ₹821.80 crore
Bihar received ₹821.80 crore as the second instalment of untied grants, plus ₹47.93 crore withheld from the first instalment; Haryana got ₹202.47 crore.
Which leader of Qatar paid a State Visit to India on 17-18 February 2025?
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Correct answer: C — Sheikh Tamim bin Hamad Al-Thani
The Amir of Qatar, Sheikh Tamim bin Hamad Al-Thani, paid his second State Visit to India on 17-18 February 2025.
During the Amir of Qatar's visit in February 2025, India-Qatar relations were elevated to which level?
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Correct answer: A — Strategic Partnership
The two sides signed the Agreement on the Establishment of Bilateral Strategic Partnership.
How much investment in India did Qatar commit to, according to the India-Qatar Joint Statement of 18 February 2025?
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Correct answer: B — USD 10 billion
The Qatar side announced a commitment to invest USD 10 billion in India in sectors such as infrastructure, technology, manufacturing and food security.
What bilateral trade target did India and Qatar set in February 2025?
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Correct answer: C — Double trade by 2030
Both sides set the target to double bilateral trade by 2030 and agreed to explore a bilateral Comprehensive Economic Partnership Agreement.
Consider the following statements about the Amir of Qatar's visit to India in February 2025: 1. It was his second State Visit to India. 2. The Joint Working Group on Trade and Commerce was elevated to a Joint Commission headed by the Commerce Ministers. 3. India and Qatar signed a Comprehensive Economic Partnership Agreement during the visit. Which of the statements given above is/are correct?
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Correct answer: B — 1 and 2 only
It was the Amir's second State Visit, and the trade working group became a Joint Commission headed by the Commerce Ministers; on a CEPA, the sides only agreed to explore the possibility, so only the first two statements are correct.
According to the PLFS quarterly bulletin for October-December 2024, what was the urban unemployment rate for persons aged 15 and above (CWS)?
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Correct answer: C — 6.4%
The urban unemployment rate for persons aged 15 and above fell to 6.4% in October-December 2024 from 6.5% a year earlier.
What was the urban unemployment rate among women aged 15 and above in October-December 2024, as per the PLFS bulletin?
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Correct answer: B — 8.1%
The female urban unemployment rate fell from 8.6% in October-December 2023 to 8.1% in October-December 2024.
How much Advanced Chemistry Cell capacity was awarded to Reliance New Energy Battery Limited under the PLI scheme on 17 February 2025?
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Correct answer: A — 10 GWh
The Programme Agreement awards Reliance New Energy Battery Limited 10 GWh of ACC capacity after a global tender.
After the Reliance agreement of February 2025, how much cumulative capacity had been awarded under the PLI scheme for Advanced Chemistry Cell?
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Correct answer: C — 40 GWh
With this signing, a cumulative capacity of 40 GWh has been awarded to four firms out of the scheme's 50 GWh target.
Consider the following statements about the PLI scheme for Advanced Chemistry Cell (ACC) battery storage: 1. It was approved by the Cabinet in May 2021 with an outlay of ₹18,100 crore. 2. It aims at a total manufacturing capacity of 50 GWh. 3. In the first round of bidding in March 2022, the entire 50 GWh was allotted. Which of the statements given above is/are correct?
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Correct answer: D — 1 and 2 only
The scheme was approved in May 2021 with ₹18,100 crore for 50 GWh; the first round in March 2022 allotted only 30 GWh to three firms, so only the first two statements are correct.
What were India's estimated total exports (merchandise and services) in April-January 2024-25?
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Correct answer: A — USD 682.59 billion
Total exports in April-January 2024-25 were estimated at USD 682.59 billion, up 7.21% from USD 636.69 billion; USD 770.06 billion was the imports figure.
Which of the following was the fastest-growing major export category in January 2025, as per the Commerce Ministry?
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Correct answer: B — Electronic goods
Electronic goods exports grew 78.97% to USD 4.11 billion in January 2025, ahead of rice at 44.61% and drugs and pharmaceuticals at 21.46%.
In January 2025, how did India's estimated services exports compare with merchandise exports?
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Correct answer: C — Services exports exceeded merchandise exports
Services exports were estimated at USD 38.55 billion against merchandise exports of USD 36.43 billion in January 2025.
In which city did Finance Minister Nirmala Sitharaman launch the Mutual Credit Guarantee Scheme for MSMEs on 17 February 2025?
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Correct answer: C — Mumbai
Nirmala Sitharaman launched MCGS-MSME at the post-budget stakeholders' interaction in Mumbai.
What did the Finance Minister virtually inaugurate at Navy Nagar, Colaba, alongside the MCGS-MSME launch on 17 February 2025?
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Correct answer: D — The first Sachal Aaykar Seva Kendra
She virtually inaugurated the first Sachal Aaykar Seva Kendra in Mumbai, to operate at Navy Nagar, Colaba, for digital services, grievance help and tax awareness.
Who presented the Odisha Budget 2025-26 in the state Assembly on 17 February 2025?
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Correct answer: B — Mohan Charan Majhi
Chief Minister Mohan Charan Majhi presented the ₹2,90,000 crore Budget on 17 February 2025.
What is the total size of Odisha's Budget for 2025-26?
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Correct answer: A — ₹2,90,000 crore
The Budget Estimates for 2025-26 are ₹2,90,000 crore, about 9% more than 2024-25's ₹2,65,000 crore; ₹1,70,000 crore is the Programme Budget.
Odisha's capital outlay of ₹65,012 crore in the 2025-26 Budget is what share of the state's GSDP?
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Correct answer: B — 6.1%
The capital outlay of ₹65,012 crore in 2025-26 is 6.1% of GSDP, as per the state's budget documents.
The Central Silk Board's international conference SILKTECH 2025 was held on 17 February 2025 as part of which event?
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Correct answer: B — Bharat Tex 2025
SILKTECH 2025 was inaugurated at Bharat Mandapam, New Delhi, as a part of the mega textile event Bharat Tex 2025.
Which edition of Bharat Tex did PM Narendra Modi address at Bharat Mandapam on 16 February 2025?
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Correct answer: B — 2nd
The Prime Minister remarked that Bharat Mandapam was witnessing the second (2nd) edition of Bharat Tex.
According to PM Modi at Bharat Tex 2025, what is India's current rank among the world's exporters of textiles and apparel?
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Correct answer: C — 6th
The Prime Minister said India is currently ranked the sixth-largest (6th) exporter of textiles and apparel in the world.
How many countries were participating in Bharat Tex 2025, as stated by the Prime Minister?
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Correct answer: C — 120+
The Prime Minister said more than 120 countries were participating, giving every exhibitor exposure to over 120 countries.
Consider the following statements made by PM Modi at Bharat Tex 2025: 1. India's textile and apparel exports rose 7% in the last year. 2. All twelve communities across the textile value chain were part of the event. 3. The event was being held for the first time in Gandhinagar. Which of the statements given above is/are correct?
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Correct answer: B — 1 and 2 only
The PM cited a 7% rise in textile and apparel exports and said all twelve value-chain communities took part; the event was the second edition, held at Bharat Mandapam, New Delhi, so the third statement is wrong.
Addressing Bharat Tex 2025, PM Narendra Modi said the world is adopting which vision, in which India can lead the way?
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Correct answer: A — Fashion for Environment and Empowerment
The Prime Minister said the world is adopting the vision of 'Fashion for Environment and Empowerment', and India can lead the way in it.
According to the Women and Child Development Minister in Dibrugarh (February 2025), women's labour force participation rose from 23.3% in 2017-18 to what level in 2023-24?
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Correct answer: C — 41.7%
Annpurna Devi said women's labour force participation increased from 23.3% in 2017-18 to 41.7% in 2023-24.
At the India-Sri Lanka mining talks of 15 February 2025, which Sri Lankan mineral resources were the key focus?
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Correct answer: B — Graphite and beach sand minerals
A key focus was Sri Lanka's graphite and beach sand mineral resources, with Indian companies encouraged to take part in their exploration.
At the ET Now Global Business Summit 2025, PM Modi described the government's financial inclusion strategy as:
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Correct answer: A — Banking the unbanked, securing the unsecured and funding the unfunded
The Prime Minister said 'Banking the unbanked, Securing the unsecured and Funding the unfunded' has been the government's strategy.