SF Prep

Economy Current Affairs Quiz — All time

Daily news by your exam, state and topic — each with a short summary, key facts and MCQs.

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1655 news · 4003 MCQs
Score: 0 / 0 attempted · 83 questions
NSO's First Advance Estimates put 2024-25 real GDP growth at 6.4%
Q1

What real GDP growth rate for 2024-25 did the NSO's First Advance Estimates, released on 7 January 2025, project?

Show answer

Correct answer: D — 6.4%

PIB (MoSPI): real GDP is estimated to grow by 6.4% in 2024-25, against 8.2% in the Provisional Estimate for 2023-24.

Q2 Advanced

As per the First Advance Estimates for 2024-25, what is the estimated growth of real GVA in agriculture and allied sectors?

Show answer

Correct answer: A — 3.8%

PIB (MoSPI): real GVA of agriculture and allied sectors is estimated to grow by 3.8% in 2024-25, against 1.4% in 2023-24.

Q3 Advanced

Consider the following statements about the First Advance Estimates of GDP for 2024-25: 1. Nominal GDP is estimated to grow by 9.7%. 2. Private Final Consumption Expenditure at constant prices is estimated to grow by 4.0%. 3. Real GVA of construction is estimated to grow by 8.6%. Which of the statements given above are correct?

Show answer

Correct answer: B — 1 and 3 only

PIB (MoSPI): nominal GDP 9.7% and construction 8.6% are correct; PFCE grows 7.3% in 2024-25 (4.0% was the previous year's rate).

European Council President António Costa calls PM Modi; leaders seek early India–EU FTA
Q4

António Costa, who called PM Modi on 7 January 2025, holds which post?

Show answer

Correct answer: B — President of the European Council

PIB (PMO): António Costa is President of the European Council; the PM congratulated him on assuming charge.

Q5 Advanced

During the 7 January 2025 call between PM Modi and António Costa, where was the next India–EU Summit said to be held?

Show answer

Correct answer: C — India

PIB (PMO): the leaders looked forward to the next India–EU Summit to be held in India at a mutually convenient time.

Q6 Advanced

Which agreement did PM Modi and António Costa underline the need to conclude early during their call on 7 January 2025?

Show answer

Correct answer: D — India–EU Free Trade Agreement

PIB (PMO): the leaders underlined the need for early conclusion of a mutually beneficial India–EU FTA.

H.D. Kumaraswamy launches PLI Scheme 1.1 for specialty steel
Q7 Advanced

Within what originally allocated outlay will PLI Scheme 1.1 for specialty steel, launched on 6 January 2025, operate?

Show answer

Correct answer: C — ₹6,322 crore

PIB (Steel): the scheme will operate within the funds originally allocated, i.e. ₹6,322 crore.

Q8 Advanced

Over which production period will PLI Scheme 1.1 for specialty steel be implemented?

Show answer

Correct answer: D — FY 2025-26 to FY 2029-30

PIB (Steel): the Steel Secretary said PLI 1.1 will be implemented during the production period FY 2025-26 to FY 2029-30.

Q9 Advanced

Which of the following are among the five product categories covered by PLI Scheme 1.1 for specialty steel? 1. Specialty Rails 2. Electrical Steel 3. Stainless Steel Utensils Select the correct answer using the code given below:

Show answer

Correct answer: A — 1 and 2 only

PIB (Steel): the five categories are coated/plated steel, high strength/wear resistant steel, specialty rails, alloy steel products & steel wires, and electrical steel; utensils are not included.

FIU-IND and IRDAI sign MoU on anti-money laundering coordination in insurance
Q10 Advanced

Under which law did FIU-IND and IRDAI sign an MoU on 6 January 2025 for coordinated implementation of requirements?

Show answer

Correct answer: A — Prevention of Money Laundering Act

PIB (Finance): the MoU is part of coordinated efforts in effective implementation of the Prevention of Money Laundering Act and Rules.

Q11 Advanced

How often will FIU-IND and IRDAI meet under their MoU signed on 6 January 2025?

Show answer

Correct answer: B — Quarterly

PIB (Finance): the MoU provides for quarterly meetings to discuss cooperation, AML/CFT typologies and trends.

Q12

Who signed the FIU-IND–IRDAI MoU on behalf of FIU-IND on 6 January 2025?

Show answer

Correct answer: C — Vivek Aggarwal

PIB (Finance): the MoU was signed by Vivek Aggarwal, Director, FIU-IND, and Satyajit Tripathy, Member (Distribution), IRDAI.

Bureau of Indian Standards marks 78th Foundation Day; Pralhad Joshi suggests hallmarking of silver
Q13 Advanced

At the 78th BIS Foundation Day on 6 January 2025, what share of Indian standards did Pralhad Joshi say are harmonised with ISO and IEC standards?

Show answer

Correct answer: A — 94%

PIB (Consumer Affairs): 94% of Indian standards have been harmonised with ISO and IEC standards.

Q14 Advanced

Hallmarking of which metal did Pralhad Joshi urge BIS to consider at its 78th Foundation Day?

Show answer

Correct answer: B — Silver

PIB (Consumer Affairs): Joshi urged BIS to consider hallmarking of silver amid growing consumer demand.

Jharkhand CM Hemant Soren launches Abua Budget Portal and app to invite public suggestions for 2025-26 budget
Q15

What is the name of the portal and app launched by Jharkhand CM Hemant Soren on 5 January 2025 to seek public suggestions for the State budget?

Show answer

Correct answer: C — Abua Budget

The Hindu and Indian Express: Hemant Soren launched the Abua Budget Portal and Mobile App.

Q16 Advanced

Until what date could the public submit suggestions on Jharkhand's Abua Budget portal for the 2025-26 budget?

Show answer

Correct answer: D — 17 January 2025

The Hindu and Indian Express: the portal and app were open for submissions until 17 January 2025.

PM Modi inaugurates Grameen Bharat Mahotsav 2025 at Bharat Mandapam
Q17

Which organisation did the PM congratulate for organising the Grameen Bharat Mahotsav 2025 inaugurated on 4 January 2025?

Show answer

Correct answer: A — NABARD

PIB (PMO): the PM congratulated NABARD and other associates for organising the event.

Q18 Advanced

What is the motto of the Grameen Bharat Mahotsav 2025?

Show answer

Correct answer: B — Gaon Badhe, To Desh Badhe

PIB (Finance): the Mahotsav, from 4 to 9 January, has the theme 'Building a Resilient Rural India for a Viksit Bharat 2047' and the motto 'गांव बढ़े, तो देश बढ़े'.

Q19 Advanced

According to the PM at the Grameen Bharat Mahotsav 2025, how many rural women have become Lakhpati Didis?

Show answer

Correct answer: C — 1.15 crore

PIB (PMO): 1.15 crore women in villages have become Lakhpati Didis and the government aims to make 3 crore women Lakhpati Didis.

Coal production hits record 1,039.59 million tonnes in calendar year 2024
Q20 Advanced

What was India's coal production (provisional) in calendar year 2024, as reported by the Ministry of Coal?

Show answer

Correct answer: D — 1,039.59 MT

PIB (Coal): production reached an all-time high of 1,039.59 MT (provisional) in 2024; 1,012.72 MT was the dispatch figure.

Q21 Advanced

By what percentage did India's coal production grow in calendar year 2024 over 2023?

Show answer

Correct answer: A — 7.28%

PIB (Coal): production grew 7.28% over 969.07 MT in 2023; dispatch grew 6.56%.

Q22 Advanced

Consider the following statements about India's coal sector in calendar year 2024: 1. Coal dispatch crossed 1,000 million tonnes. 2. Coal production grew faster than coal dispatch. 3. Coal production in 2023 was above 1,000 million tonnes. Which of the statements given above are correct?

Show answer

Correct answer: B — 1 and 2 only

PIB (Coal): dispatch was 1,012.72 MT; production grew 7.28% vs dispatch 6.56%; 2023 production was 969.07 MT, below 1,000 MT.

LEADS 2024 report released; Sustainable Logistics added as a fourth pillar
Q23 Advanced

Which pillar was newly introduced in the LEADS 2024 report released on 3 January 2025?

Show answer

Correct answer: A — Sustainable Logistics

PIB (Commerce): LEADS 2024 evaluates four pillars — Logistics Infrastructure, Logistics Services, Operating and Regulatory Environment, and the newly introduced Sustainable Logistics.

Q24 Advanced

In LEADS 2024, which of the following was among the 'Achievers' of the North-Eastern group?

Show answer

Correct answer: B — Arunachal Pradesh

PIB (Commerce): North-Eastern Achievers — Assam and Arunachal Pradesh; Meghalaya and Tripura are Fast Movers; Manipur is an Aspirer.

Q25 Advanced

Consider the following statements about the LEADS 2024 report: 1. It is the sixth edition of the report. 2. Kerala and West Bengal were placed among the 'Achievers' of the Coastal group. 3. Chandigarh and Delhi were the 'Achievers' among Union Territories. Which of the statements given above are correct?

Show answer

Correct answer: C — 1 and 3 only

PIB (Commerce): the DPIIT Secretary called it the 6th edition; Kerala and West Bengal are Coastal 'Aspirers', so statement 2 is wrong; UT Achievers are Chandigarh and Delhi.

EPFO's Centralized Pension Payments System fully rolled out in all regional offices
Q26

The Centralized Pension Payments System (CPPS), fully rolled out by EPFO, operates under which scheme?

Show answer

Correct answer: A — Employees' Pension Scheme, 1995

PIB (Labour): EPFO completed the full-scale rollout of CPPS under the Employees' Pension Scheme 1995 in December 2024.

Q27 Advanced

In which regional offices was the first pilot of EPFO's CPPS conducted in October 2024?

Show answer

Correct answer: B — Karnal, Jammu and Srinagar

PIB (Labour): the first pilot was completed in October 2024 in Karnal, Jammu and Srinagar Regional Offices, disbursing about ₹11 crore to more than 49,000 pensioners.

Q28 Advanced

Consider the following statements about EPFO's CPPS: 1. About ₹1,570 crore of pension for December 2024 was paid through it to more than 68 lakh pensioners. 2. It covers all 122 pension-disbursing Regional Offices of EPFO. 3. Under it, a pensioner can draw pension from any bank and any branch. Which of the statements given above are correct?

Show answer

Correct answer: C — 1, 2 and 3

PIB (Labour): all three are stated — about ₹1,570 crore to more than 68 lakh pensioners of all 122 pension-disbursing ROs, and pension from any bank, any branch, anywhere.

DFS launches revamped 'Baanknet' e-auction portal for PSB properties
Q29

What is 'Baanknet', revamped and launched on 3 January 2025?

Show answer

Correct answer: B — An e-auction portal for properties of public sector banks

PIB (Finance): DFS Secretary launched the revamped e-auction portal 'Baanknet', which consolidates e-auction properties of all PSBs.

Q30 Advanced

Who launched the revamped Baanknet portal on 3 January 2025?

Show answer

Correct answer: C — M. Nagaraju, Secretary, Department of Financial Services

PIB (Finance): Shri M. Nagaraju, Secretary, Department of Financial Services, launched the revamped portal in New Delhi.

Q31 Advanced

According to the Ministry of Finance, roughly how many properties had already been migrated to the revamped Baanknet portal at launch?

Show answer

Correct answer: D — Over 1,22,500

PIB (Finance): over 1,22,500 properties have already been migrated to the new portal for auction.

NSO begins NSS 80th Round, PLFS and ASUSE from January 2025 with district-level sample design
Q32 Advanced

What change did the NSO make in the sample design of surveys starting January 2025?

Show answer

Correct answer: A — The district was made the basic stratum for sample selection

PIB (MoSPI): as an enabling provision for district-level estimates, NSO modified the sample design with the district as a basic stratum for all surveys starting January 2025.

Q33 Advanced

Which subject is covered by the NSS 80th Round's Social Consumption survey running from January to December 2025?

Show answer

Correct answer: B — Health

PIB (MoSPI): NSS 80th Round — Survey on Social Consumption: Health (Jan to December 2025); Education is part of the Comprehensive Modular Survey (April–June 2025).

Q34 Advanced

Consider the following statements about the surveys starting January 2025: 1. PLFS will provide monthly estimates of key labour force indicators at the all-India level. 2. District-level estimates are to be produced by the respective State governments. 3. ASUSE will continue to give only annual estimates. Which of the statements given above are correct?

Show answer

Correct answer: C — 1 and 2 only

PIB (MoSPI): PLFS will give monthly all-India estimates and States will produce district-level estimates; ASUSE will now give quarterly estimates along with annual ones, so statement 3 is wrong.

Working Group set up to revise WPI base year from 2011-12 to 2022-23
Q35

To which new base year is the Wholesale Price Index proposed to be revised by the Working Group constituted in January 2025?

Show answer

Correct answer: B — 2022-23

PIB (Commerce): the Working Group is for base revision of WPI from base 2011-12 to 2022-23.

Q36 Advanced

Who chairs the Working Group constituted for revising the base of the Wholesale Price Index?

Show answer

Correct answer: C — Prof. Ramesh Chand, Member, NITI Aayog

PIB (Commerce): Prof. Ramesh Chand, Member, NITI Aayog, is the Chairman of the Working Group.

Q37 Advanced

Consider the following statements about the WPI base-revision Working Group: 1. Its terms of reference include recommending a roadmap for switching over from WPI to a Producer Price Index (PPI). 2. A Deputy Director General of DPIIT is its Member Secretary. 3. It is chaired by the Governor of the Reserve Bank of India. Which of the statements given above are correct?

Show answer

Correct answer: D — 1 and 2 only

PIB (Commerce): the ToR include a roadmap for switch over from WPI to PPI and the DDG, DPIIT is Member Secretary; the Chairman is Prof. Ramesh Chand of NITI Aayog, while RBI only sends a representative.

Captive and commercial coal mines record highest-ever monthly output of 18.40 MT in December 2024
Q38 Advanced

What was the record monthly coal production from captive and commercial mines in December 2024?

Show answer

Correct answer: D — 18.40 MT

PIB (Coal): December 2024 witnessed the highest ever monthly production from captive and commercial mines, with 18.40 MT.

Q39 Advanced

By what percentage did coal production from captive and commercial mines grow during April–December 2024 over the same period of the previous year?

Show answer

Correct answer: A — 34.20%

PIB (Coal): production between 1 April and 31 December 2024 reached 131.05 MT, a 34.20% increase from 97.665 MT; 30.75% is the rise in December's daily average.

Odisha's 133rd SLSWCA meeting approves 25 projects worth ₹4,222.24 crore
Q40 Advanced

How many projects did Odisha's 133rd SLSWCA meeting approve on 1 January 2025?

Show answer

Correct answer: B — 25

Odisha TV; Kalinga TV: the 133rd SLSWCA meeting approved 25 projects worth ₹4,222.24 crore across 16 sectors and 11 districts.

Q41 Advanced

How many jobs are the projects approved by Odisha's SLSWCA on 1 January 2025 expected to generate?

Show answer

Correct answer: C — 14,497

Odisha TV; Kalinga TV: the projects are expected to generate more than 14,497 job opportunities.

NPCI lifts WhatsApp Pay's UPI user limit and extends the 30% UPI volume-cap deadline to 31 December 2026
Q42

Till which date did NPCI on 31 December 2024 extend the deadline for UPI apps to comply with the 30% transaction-volume cap?

Show answer

Correct answer: C — 31 December 2026

Business Standard/TechCrunch: NPCI extended the compliance deadline by two years, to 31 December 2026.

Q43 Advanced

Before NPCI removed the limit on 31 December 2024, WhatsApp Pay's UPI user onboarding was capped at:

Show answer

Correct answer: D — 100 million users

Business Standard/TechCrunch: the limit had been set at 100 million users; 20 million and 40 million were earlier stages, and 500 million is roughly WhatsApp's Indian user base.

Q44 Advanced

Consider the following statements about NPCI's decisions of 31 December 2024: 1. The UPI user onboarding limit for WhatsApp Pay was removed with immediate effect. 2. The 30% UPI volume cap was first proposed by NPCI in November 2020. 3. The volume cap applies only to bank-owned UPI apps. Which of the statements given above are correct?

Show answer

Correct answer: A — 1 and 2 only

The Hindu/Business Standard: the WhatsApp Pay limit was removed with immediate effect and the 30% cap was first proposed in November 2020; the cap concerns third-party app providers such as PhonePe and Google Pay, so statement 3 is wrong.

Eight core industries grow 4.3% in November 2024; cement leads with 13%
Q45

Which core industry recorded the highest growth in November 2024 as per the Index of Eight Core Industries released on 31 December 2024?

Show answer

Correct answer: D — Cement

PIB (Commerce): cement grew 13.0% in November 2024, the highest; coal grew 7.5%, steel 4.8% and electricity 3.8%.

Q46 Advanced

Which two core industries contracted in November 2024?

Show answer

Correct answer: A — Crude oil and natural gas

PIB (Commerce): crude oil (−2.1%) and natural gas (−1.9%) contracted; fertilizers (2.0%), refinery products (2.9%) and coal (7.5%) grew.

Q47 Advanced

Consider the following statements about the Index of Eight Core Industries data released on 31 December 2024: 1. Cumulative growth for April–November 2024-25 was 4.2%. 2. The final growth rate for August 2024 was revised to −1.5%. 3. Electricity has a higher weight in the index than refinery products. Which of the statements given above are correct?

Show answer

Correct answer: A — 1 and 2 only

PIB (Commerce): April–November growth was 4.2% and August 2024 was revised to −1.5%; refinery products (28.04%) outweigh electricity (19.85%), so statement 3 is wrong.

Union government accounts to November 2024: receipts at 59.1% of Budget Estimates
Q48 Advanced

According to the Union Government accounts up to November 2024, total receipts stood at what share of the Budget Estimates 2024-25?

Show answer

Correct answer: B — 59.1%

PIB (Finance): total receipts of ₹18,94,408 crore were 59.1% of BE 2024-25; 56.9% is the expenditure share.

Q49 Advanced

How much did the Centre transfer to State Governments as devolution of their share of taxes during April–November 2024?

Show answer

Correct answer: C — ₹8,12,063 crore

PIB (Finance): ₹8,12,063 crore was transferred as tax devolution; ₹6,58,494 crore was interest, ₹5,13,500 crore capital expenditure and ₹18,94,408 crore total receipts.

RBI Financial Stability Report, December 2024: banks' GNPA ratio at 12-year low of 2.6%
Q50

According to the RBI's Financial Stability Report released on 30 December 2024, the gross NPA ratio of scheduled commercial banks fell to a 12-year low of how much in September 2024?

Show answer

Correct answer: D — 2.6%

RBI FSR: the GNPA ratio of SCBs declined to a 12-year low of 2.6% in September 2024; 0.6% is the NNPA ratio and 3.0% the baseline stress-test projection for March 2026.

Q51 Advanced

The RBI's Financial Stability Report reflects the collective assessment of which body on the resilience of the Indian financial system?

Show answer

Correct answer: B — Sub-Committee of the Financial Stability and Development Council

RBI press release: the FSR reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC).

Q52 Advanced

Consider the following statements about scheduled commercial banks as reported in the RBI's December 2024 Financial Stability Report (September 2024 data): 1. CRAR and CET1 ratios stood at 16.7% and 14.0% respectively. 2. The provisioning coverage ratio improved to 77.0%. 3. The net NPA ratio stood at around 1.6%. Which of the statements given above are correct?

Show answer

Correct answer: A — 1 and 2 only

RBI FSR: CRAR and CET1 were 16.7% and 14.0% and the PCR improved to 77.0%; the NNPA ratio was around 0.6%, not 1.6%, so statement 3 is wrong.

Rabi sowing crosses 614 lakh hectares; wheat at 319.74 lakh ha, oilseeds trail last year
Q53

According to the Agriculture Ministry, what was the total area sown under rabi crops as on 30 December 2024?

Show answer

Correct answer: C — 614.94 lakh hectares

PIB (Agriculture): total rabi area was 614.94 lakh ha as on 30 December 2024; 611.80 lakh ha was last year's figure and 635.30 lakh ha is the normal rabi area.

Q54 Advanced

As on 30 December 2024, which of the following crop groups had a smaller sown area than in the corresponding period of the previous year?

Show answer

Correct answer: A — Oilseeds

PIB (Agriculture): oilseeds covered 96.15 lakh ha against 101.37 lakh ha last year; wheat (319.74 vs 313.00), pulses (136.13 vs 136.05) and Shri Anna (48.55 vs 47.77) were all higher.

India-Australia ECTA completes two years: export utilisation at 79%, CECA talks at 10 rounds
Q55 Advanced

According to the Commerce Ministry's two-year review of the India-Australia ECTA (December 2024), what was India's export utilisation under the agreement?

Show answer

Correct answer: D — 79%

PIB (Commerce): export utilisation was 79% and import utilisation 84%; 14% was the growth in India's exports to Australia in 2023-24.

Q56

Bilateral merchandise trade between India and Australia rose from USD 12.2 billion in 2020-21 to how much in 2022-23?

Show answer

Correct answer: A — USD 26 billion

PIB (Commerce): trade rose to USD 26 billion in 2022-23; it moderated to USD 24 billion in 2023-24, and April–November 2024 trade was USD 16.3 billion.

Q57 Advanced

Where was a stocktake visit on the India-Australia Comprehensive Economic Cooperation Agreement (CECA) held from 4 to 6 December 2024?

Show answer

Correct answer: B — New Delhi

PIB (Commerce): the CECA stocktake visit was concluded in New Delhi from 4 to 6 December 2024.

Q58 Advanced

Consider the following statements about India-Australia trade as per the Commerce Ministry's December 2024 review: 1. Both sides aim for bilateral trade of AUD 100 billion by 2030. 2. Talks on the CECA have seen 10 formal rounds. 3. Total bilateral trade rose further in 2023-24 over 2022-23. Which of the statements given above are correct?

Show answer

Correct answer: C — 1 and 2 only

PIB (Commerce): the target is AUD 100 billion by 2030 and CECA has had 10 formal rounds; total trade moderated from USD 26 billion in 2022-23 to USD 24 billion in 2023-24, so statement 3 is wrong.

HCES 2023-24 factsheet: urban MPCE ₹6,996, rural ₹4,122; Sikkim highest, Meghalaya has widest rural-urban gap
Q59

According to the HCES 2023-24 factsheet released on 27 December 2024, what was the average MPCE in urban India (without imputation)?

Show answer

Correct answer: A — ₹6,996

PIB (MoSPI): average MPCE in 2023-24 was ₹6,996 in urban India without imputation; ₹7,078 is the urban figure with imputation and ₹6,459 was the 2022-23 urban figure.

Q60 Advanced

Which State recorded the highest MPCE in both rural and urban areas in HCES 2023-24?

Show answer

Correct answer: C — Sikkim

PIB (MoSPI): among the States, MPCE was highest in Sikkim (rural ₹9,377, urban ₹13,927) and lowest in Chhattisgarh.

Q61 Advanced

In HCES 2023-24, which State had the highest rural-urban difference in average MPCE?

Show answer

Correct answer: D — Meghalaya

PIB (MoSPI): the rural-urban difference in average MPCE among the States was highest in Meghalaya (104%), followed by Jharkhand (83%) and Chhattisgarh (80%).

Q62 Advanced

Consider the following statements about HCES 2023-24: 1. The share of non-food items in average MPCE was 53% in rural and 60% in urban areas. 2. The estimates are based on data from 2,61,953 households. 3. The fieldwork was conducted from August 2022 to July 2023. Which of the statements given above are correct?

Show answer

Correct answer: B — 1 and 2 only

PIB (MoSPI): non-food items made up 53% (rural) and 60% (urban) of MPCE, and the estimates come from 2,61,953 households. Statement 3 is wrong: HCES 2023-24 fieldwork ran from August 2023 to July 2024 (August 2022 to July 2023 was HCES 2022-23).

Coal Ministry issues vesting order for Meenakshi coal mine in Odisha to Hindalco
Q63

To which company did the Ministry of Coal issue the vesting order for the Meenakshi coal mine on 27 December 2024?

Show answer

Correct answer: B — Hindalco Industries Limited

PIB (Ministry of Coal): the Nominated Authority issued the vesting order for the Meenakshi coal mine to Hindalco Industries Limited on 27 December 2024.

Q64 Advanced

What is the peak rated capacity of the Meenakshi coal mine vested in Hindalco in December 2024?

Show answer

Correct answer: C — 12 MTPA

PIB (Ministry of Coal): the Meenakshi coal mine has a peak rated capacity of 12.00 MTPA and geological reserves of about 285.23 MT.

Q65 Advanced

The Meenakshi coal mine, vested in Hindalco on 27 December 2024, lies in the Ib Valley Coalfield of which State?

Show answer

Correct answer: A — Odisha

Hindalco and Business Standard: the Meenakshi coal mine is a greenfield project in the Ib Valley Coalfield of Sundargarh district, Odisha.

ASUSE 2023-24: unincorporated establishments rise to 7.34 crore; GVA per worker ₹1,49,742
Q66

According to ASUSE 2023-24 released on 24 December 2024, how many unincorporated non-agricultural establishments were there in India?

Show answer

Correct answer: D — 7.34 crore

PIB (MoSPI): the number of establishments rose from 6.50 crore in 2022-23 to 7.34 crore in 2023-24.

Q67 Advanced

As per ASUSE 2023-24, what was the Gross Value Added (GVA) per worker in the unincorporated sector at current prices?

Show answer

Correct answer: B — ₹1,49,742

PIB (MoSPI): GVA per worker rose to ₹1,49,742 in 2023-24 from ₹1,41,769 in 2022-23; ₹1,38,207 was the 2021-22 figure and ₹2,45,687 is GVA per establishment.

Q68 Advanced

According to ASUSE 2023-24, what share of unincorporated establishments used the internet?

Show answer

Correct answer: A — 26.7%

PIB (MoSPI): the percentage of establishments using the internet grew from 21.1% in 2022-23 to 26.7% in ASUSE 2023-24.

Nayakkarpatti tungsten block: Centre asks GSI to re-examine boundary, Tamil Nadu to hold Letter of Intent
Q69

In its clarification of 24 December 2024, the Ministry of Mines asked which body to re-examine the Nayakkarpatti tungsten block and explore redefining its boundary?

Show answer

Correct answer: C — Geological Survey of India

PIB (Mines): the Geological Survey of India (GSI) was requested to re-examine the block and explore the possibility of redefining its boundary by excluding the biodiversity heritage site.

Q70 Advanced

According to the Ministry of Mines, the biodiversity heritage site reported by Tamil Nadu covered about what share of the Nayakkarpatti tungsten block?

Show answer

Correct answer: D — About 10%

PIB (Mines): the State Government informed about a biodiversity site covering 193.215 ha, about 10% of the total area of the block.

Q71 Advanced

Consider the following statements in the context of the Ministry of Mines' clarification on the Nayakkarpatti block (24 December 2024): 1. A composite licence is a prospecting licence-cum-mining lease. 2. The Letter of Intent to the preferred bidder is issued by the Ministry of Mines. Which of the statements given above is/are correct?

Show answer

Correct answer: A — 1 only

PIB (Mines): a composite licence refers to a prospecting licence-cum-mining lease; the ministry's role is limited to the auction, and the Letter of Intent, composite licence and mining lease are issued by the State Government, so statement 2 is wrong.

TRAI data: India's telephone subscribers at 1,188.20 million at end of October 2024, tele-density 84.46%
Q72

According to TRAI data released in December 2024, what was India's overall tele-density at the end of October 2024?

Show answer

Correct answer: B — 84.46%

PIB (TRAI): overall tele-density was 84.46% as on 31 October 2024.

Q73 Advanced

As per TRAI's subscription data as on 31 October 2024, how many broadband subscribers did India have?

Show answer

Correct answer: D — 941.47 million

PIB (TRAI): total broadband subscribers decreased from 944.40 million at the end of September 2024 to 941.47 million at the end of October 2024.

India and ADB sign $500 million loan to IIFCL for green and sustainable infrastructure
Q74

What was the size of the loan signed by India and the Asian Development Bank in December 2024 for green and sustainable infrastructure through IIFCL?

Show answer

Correct answer: C — $500 million

PIB (Ministry of Finance): India and ADB signed a $500 million loan to support green and sustainable infrastructure projects, to be extended to IIFCL.

Q75 Advanced

The ADB loan signed on 20 December 2024 under the Financing Environmentally Sustainable Growth in Infrastructure Project will be extended to which entity?

Show answer

Correct answer: B — India Infrastructure Finance Company Limited

PIB (Ministry of Finance): the ADB loan, with a sovereign guarantee, will be extended to India Infrastructure Finance Company Limited (IIFCL).

Q76 Advanced

Consider the following statements about the India–ADB loan to IIFCL announced on 23 December 2024: 1. The loan carries a sovereign guarantee. 2. A sustainability unit and a sustainability scoring method for projects will be set up at IIFCL. 3. The loan was signed for India by the Secretary, Department of Financial Services. Which of the statements given above are correct?

Show answer

Correct answer: A — 1 and 2 only

PIB (Ministry of Finance): statements 1 and 2 are correct. Statement 3 is wrong because Juhi Mukherjee, Joint Secretary, Department of Economic Affairs, signed for India.

Odisha Solar Investor Conclave: IREDA says it has sanctioned over ₹3,000 crore for green projects in Odisha
Q77

What renewable energy capacity target has Odisha set for 2030, as cited by IREDA at the Odisha Solar Investor Conclave in December 2024?

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Correct answer: A — 10 GW

PIB (MNRE): IREDA reaffirmed its commitment to Odisha's target of achieving 10 GW of renewable energy capacity by 2030.

Q78 Advanced

Which organisation hosted the Odisha Solar Investor Conclave in Bhubaneswar on 23 December 2024?

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Correct answer: D — GRIDCO

PIB (MNRE): the Odisha Solar Investor Conclave was organised by GRIDCO in Bhubaneswar, where IREDA CMD Pradip Kumar Das delivered a special address.

Karnataka clears 9 projects worth ₹9,823 crore; state's first semiconductor project to come up near Mysuru
Q79

Karnataka's first semiconductor project, announced at the State High-Level Clearance Committee meeting of 23 December 2024, will be set up near which city?

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Correct answer: B — Mysuru

The New Indian Express and NewsDrum (PTI): Chief Minister Siddaramaiah said the first semiconductor project in the state would be established at the Kochanahalli Electronics Manufacturing Cluster near Mysuru.

Q80 Advanced

What was the total investment of the nine projects approved by Karnataka's 64th SHLCC on 23 December 2024?

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Correct answer: C — ₹9,823.31 crore

The New Indian Express and NewsDrum (PTI): the 64th SHLCC approved nine projects with a total investment of ₹9,823.31 crore, expected to create about 5,605 jobs.

Q81 Advanced

Consider the following pairs of companies and project locations approved by Karnataka's SHLCC on 23 December 2024: 1. Silectric Semiconductor Manufacturing – Kochanahalli, Mysuru 2. Sansera Engineering – Harohalli 3. DN Solutions India – ITIR, Devanahalli Which of the pairs given above are correctly matched?

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Correct answer: D — 1, 2 and 3

The New Indian Express and NewsDrum (PTI): all three pairs are correct. Silectric's ₹3,425.60 crore unit is at Kochanahalli, Mysuru; Sansera's ₹2,150 crore project is at Harohalli; and DN Solutions India's ₹998 crore investment is at ITIR, Devanahalli.

CPI-AL inflation eases to 5.35% and CPI-RL to 5.47% in November 2024
Q82

What was the year-on-year inflation rate based on CPI-AL (Agricultural Labourers) for November 2024?

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Correct answer: C — 5.35%

PIB (Ministry of Labour and Employment): CPI-AL-based inflation was 5.35% in November 2024, compared with 5.96% in October 2024 and 7.37% in November 2023.

Q83 Advanced

What level did the All-India CPI for Rural Labourers (CPI-RL) reach in November 2024?

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Correct answer: B — 1331

PIB (Ministry of Labour and Employment): CPI-RL rose by 5 points to 1331 in November 2024, while CPI-AL rose by 5 points to 1320.