Economy Current Affairs Quiz — Last 12 months
Daily news by your exam, state and topic — each with a short summary, key facts and MCQs.
At the pre-Budget consultation with States on 10 January 2026, many participants asked for the continuation of which scheme?
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Correct answer: A — Scheme for Special Assistance to States for Capital Investment (SASCI)
PIB (Finance): many participants highlighted that SASCI be continued.
Under the Scheme for Special Assistance to States for Capital Investment (SASCI), the Centre gives states which kind of support, as stated in January 2026?
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Correct answer: B — 50-year interest-free loans
PIB (Finance): since 2020-21 the Union Government has released more than ₹4.25 lakh crore to states as 50-year interest-free loans under SASCI.
Which city hosted the National Textiles Ministers' Conference that concluded on 9 January 2026?
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Correct answer: D — Guwahati
PIB (Textiles): the two-day conference concluded in Guwahati.
What textile export target by 2030 was discussed at the National Textiles Ministers' Conference in January 2026?
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Correct answer: C — USD 100 billion
PIB (Textiles): the Centre–state dialogue focused on achieving USD 100 billion in textile exports by 2030.
What share of India's fertilizer requirement was met through domestic production in 2025, per the Department of Fertilizers?
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Correct answer: C — About 73%
PIB (Department of Fertilizers): nearly 73% of the total requirement was met through domestic production in 2025.
India's domestic fertilizer production reached an all-time high in 2025. What was it?
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Correct answer: D — 524.62 lakh tonnes
PIB (Department of Fertilizers): production rose from 433.29 lakh tonnes in 2021 to an all-time high of 524.62 lakh tonnes in 2025.
Under the District-Led Textiles Transformation (DLTT) plan unveiled in January 2026, how many high-potential districts are to become Global Export Champions?
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Correct answer: C — 100
PIB (Textiles): DLTT aims to transform 100 high-potential districts into Global Export Champions and elevate 100 Aspirational Districts.
Which three parameters were used to score districts under the District-Led Textiles Transformation (DLTT) plan?
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Correct answer: B — Export performance, MSME ecosystem and workforce presence
PIB (Textiles): districts were scored on export performance, MSME ecosystem and workforce presence.
In which year was the Swadesh Darshan scheme for theme-based tourist circuits launched?
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Correct answer: B — 2015
PIB (Tourism): the Ministry of Tourism launched the Swadesh Darshan Scheme in January 2015.
How many international tourist arrivals did India record in 2024, according to the Tourism Ministry's year-end review?
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Correct answer: C — 20.57 million
PIB (Tourism): International Tourist Arrivals in India during 2024 were 20.57 million.
Consider the following statements based on the Tourism Ministry's year-end review (January 2026): 1. Challenge Based Destination Development (CBDD) is a sub-scheme of Swadesh Darshan 2.0. 2. The ministry will develop 1,000 tribal homestays under PM-JUGA. 3. All 76 projects sanctioned under the original Swadesh Darshan scheme have been completed. Which of the statements given above is/are correct?
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Correct answer: B — 1 and 2 only
PIB (Tourism): statements 1 and 2 are correct; 75 of the 76 sanctioned projects have been completed, so statement 3 is wrong.
What is the purpose of the SWAMIH Investment Fund?
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Correct answer: A — Last-mile financing for stalled housing projects
PIB (Finance): SWAMIH provides last-mile financing to stalled housing projects.
When was the SWAMIH Investment Fund launched?
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Correct answer: D — November 2019
PIB (Finance): the SWAMIH Investment Fund was launched in November 2019 after Union Cabinet approval.
Consider the following statements about the SWAMIH Fund, as of January 2026: 1. About 61,000 homes had been delivered across 110 projects as of 15 December 2025. 2. Its portfolio has more than 145 projects across 30 cities. 3. Its investment period was extended to December 2030. Which of the statements given above is/are correct?
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Correct answer: B — 1 and 2 only
PIB (Finance): statements 1 and 2 are correct; the fund committed its whole corpus before its investment period ended on 5 December 2025.
What real GDP growth rate for 2025-26 did the NSO's First Advance Estimates (January 2026) project?
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Correct answer: C — 7.4%
PIB (MoSPI): real GDP is estimated to grow by 7.4% in 2025-26 against 6.5% in 2024-25.
Which base year is used for the constant-price GDP figures in the First Advance Estimates for 2025-26?
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Correct answer: B — 2011-12
PIB (MoSPI): the estimates are given at constant (2011-12) and current prices.
What is the estimated level of real GDP (constant prices) for 2025-26 in the First Advance Estimates?
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Correct answer: D — ₹201.90 lakh crore
PIB (MoSPI): real GDP is estimated at ₹201.90 lakh crore in 2025-26, against ₹187.97 lakh crore in 2024-25.
Consider the following statements based on the First Advance Estimates of GDP for 2025-26: 1. Nominal GDP is estimated to grow at 8.0%. 2. Real GVA is estimated to grow at 7.3%. 3. Agriculture and allied sector is estimated to grow faster than manufacturing and construction. Which of the statements given above is/are correct?
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Correct answer: A — 1 and 2 only
PIB (MoSPI): statements 1 and 2 are correct; agriculture is estimated at 3.1% against 7.0% for manufacturing and construction, so statement 3 is wrong.
Which of the following is NOT a member of the European Free Trade Association (EFTA), India's partner in TEPA?
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Correct answer: D — Denmark
PIB (Commerce): EFTA comprises Iceland, Liechtenstein, Norway and Switzerland; Denmark is not a member.
Who is the Prime Minister of Liechtenstein whom Piyush Goyal called on in January 2026?
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Correct answer: B — Brigitte Haas
PIB (Commerce): Goyal called on Prime Minister Brigitte Haas; Sabine Monauni is Deputy PM and Hereditary Prince Alois is the Hereditary Prince.
Consider the following statements about the India–EFTA TEPA, as described in January 2026: 1. It is India's first free trade agreement with a group of developed countries. 2. It carries an agreed ambition of USD 100 billion in investments into India. 3. It aims to support the creation of one million direct jobs. Which of the statements given above is/are correct?
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Correct answer: D — 1, 2 and 3
PIB (Commerce): all three are correct.
How many projects are included in the three-year PPP project pipeline released by the Department of Economic Affairs in January 2026?
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Correct answer: B — 852
PIB (Ministry of Finance): the pipeline comprises 852 projects with a combined cost of over ₹17 lakh crore.
Consider the following statements about the PPP project pipeline released in January 2026: 1. It was prepared by the Department of Economic Affairs in pursuance of a Union Budget 2025-26 announcement. 2. It covers only projects of central infrastructure ministries and excludes States/UTs. 3. Its combined project cost exceeds ₹17 lakh crore. Which of the statements given above is/are correct?
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Correct answer: A — 1 and 3 only
PIB: the DEA made the pipeline under a Budget 2025-26 announcement, and it includes both central ministries and States/UTs, worth over ₹17 lakh crore. Statement 2 is wrong.
The fifth edition of NITI Aayog's 'Trade Watch Quarterly', released in January 2026, had a thematic focus on which sector?
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Correct answer: D — Automotive exports
PIB (NITI Aayog): the thematic section of this edition focuses on India's automotive exports.
Which period does the fifth edition of NITI Aayog's Trade Watch Quarterly (released January 2026) cover?
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Correct answer: A — April–June 2025
PIB (NITI Aayog): the edition covers Quarter I of FY 2025-26, i.e. April–June 2025.
MOIL, which reported record production in January 2026, mainly mines which mineral?
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Correct answer: D — Manganese ore
PIB (Ministry of Steel): MOIL achieved record manganese ore production of 4.77 lakh tonnes in Q3 FY 2025-26.
What was MOIL's manganese ore production in April–December 2025, its best-ever nine-month figure?
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Correct answer: B — 14.21 lakh tonnes
PIB (Ministry of Steel): MOIL produced 14.21 lakh tonnes in April–December 2025, about 6.8% more than the same period last year.
What share of its 2025-26 Gross Budgetary Support had Indian Railways spent by the end of December 2025?
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Correct answer: D — 80.54%
PIB (Railways): Indian Railways spent 80.54%, i.e. ₹2,03,138 crore of the total GBS of ₹2,52,200 crore.
As per Indian Railways' capex update of January 2026, what was the total Gross Budgetary Support for 2025-26?
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Correct answer: B — ₹2,52,200 crore
PIB (Railways): the total GBS for 2025-26 is ₹2,52,200 crore, of which ₹2,03,138 crore was spent by December 2025.
What were SAIL's provisional sales in December 2025, its highest-ever December figure?
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Correct answer: B — 2.1 million tonnes
PIB (Ministry of Steel): SAIL clocked provisional sales of 2.1 MT in December 2025, about 37% above 1.5 MT in December 2024.
Which status does Steel Authority of India Limited (SAIL) hold among central public sector enterprises, as stated in its January 2026 sales release?
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Correct answer: C — Maharatna
PIB (Ministry of Steel): SAIL is described as a Maharatna CPSE.
What was the value of India's AYUSH and herbal product exports in 2024-25, as reported at AYUSHEXCIL's 4th anniversary in January 2026?
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Correct answer: C — USD 688.89 million
PIB (Commerce): AYUSH and herbal exports grew 6.11% from USD 649.2 million in 2023-24 to USD 688.89 million in 2024-25.
AYUSHEXCIL has been entrusted with anchoring which programme of the Ministry of Ayush?
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Correct answer: A — Ayush Quality Mark
PIB (Commerce): AYUSHEXCIL has been entrusted with anchoring the Ayush Quality Mark programme of the Ministry of Ayush.
Consider the following statements regarding AYUSH in trade, as reported in January 2026: 1. AYUSH exports grew by 6.11% in 2024-25. 2. Traditional medicine has a dedicated annex in the India–Oman CEPA. 3. The India–New Zealand FTA also recognises AYUSH with a dedicated annex. Which of the statements given above is/are correct?
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Correct answer: C — 1, 2 and 3
PIB (Commerce): exports grew 6.11%, and both the India–Oman CEPA and the India–New Zealand FTA have dedicated annexes on health services and traditional medicine. All three are correct.
On DSIR's 42nd Foundation Day (January 2026), which condition was relaxed for deep-tech startups seeking DSIR recognition?
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Correct answer: B — Mandatory three-year existence
PIB (Science & Technology): Jitendra Singh announced relaxation of the mandatory three-year existence condition for deep-tech startups under DSIR's Industrial R&D Promotion Programme.
Which foundation day did the Department of Scientific and Industrial Research (DSIR) celebrate on 4 January 2026?
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Correct answer: A — 42nd
PIB (Science & Technology): the event marked the 42nd Foundation Day of DSIR.
Consider the following statements about announcements at DSIR's 42nd Foundation Day (January 2026): 1. 'Creative India 2025' was launched under DSIR's PRISM scheme. 2. Over 55 women-led self-help groups get support from DSIR schemes. 3. The relaxation of the existence norm applies to all startups regardless of sector. Which of the statements given above is/are correct?
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Correct answer: D — 1 and 2 only
PIB: Creative India 2025 was launched under PRISM and DSIR supports over 55 women-led SHGs. The relaxation is specifically for deep-tech startups, so statement 3 is wrong.
How many proposals were approved in the third tranche of the Electronics Component Manufacturing Scheme (ECMS) on 2 January 2026?
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Correct answer: C — 22
PIB (MeitY): 22 proposals were approved in the third tranche; 24 had been approved earlier, taking the total to 46.
What is the projected investment of the 22 ECMS proposals approved in January 2026?
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Correct answer: B — ₹41,863 crore
PIB (MeitY): projected investment is ₹41,863 crore; ₹2,58,152 crore is projected production and ₹12,704 crore was the earlier tranche.
Consider the following statements about the third tranche of ECMS approvals (January 2026): 1. The approved products include anode material, a critical item for lithium-ion cells. 2. The approved units are spread across eight states. 3. The approvals cover only bare components and no sub-assemblies. Which of the statements given above is/are correct?
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Correct answer: A — 1 and 2 only
PIB (MeitY): anode material is among the supply-chain items, and the units are in eight states. Three sub-assemblies (camera module, display module, optical transceiver) were also approved, so statement 3 is wrong.
Under the NIRYAT PROTSAHAN intervention launched in January 2026, what is the base interest subvention on pre- and post-shipment rupee export credit?
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Correct answer: A — 2.75%
PIB (Commerce): a base interest subvention of 2.75% is provided, with additional incentive for exports to notified under-represented or emerging markets.
With which institution is the collateral guarantee support for MSME export credit under the Export Promotion Mission being introduced?
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Correct answer: A — CGTMSE
PIB (Commerce): the collateral guarantee support is being introduced in partnership with the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
Consider the following statements about the Export Promotion Mission: 1. It was approved by the Union Cabinet on 12 November 2025 with an outlay of ₹25,060 crore. 2. Its two sub-schemes are NIRYAT PROTSAHAN and NIRYAT DISHA. 3. It is implemented by the Department of Commerce alone. Which of the statements given above is/are correct?
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Correct answer: B — 1 and 2 only
PIB (Commerce): the Mission was approved on 12 November 2025 with ₹25,060 crore and has two sub-schemes, NIRYAT PROTSAHAN and NIRYAT DISHA. It is jointly implemented by the Department of Commerce, Ministry of MSME and Ministry of Finance, so statement 3 is wrong.
Raajmarg Infra Investment Trust (RIIT), which received a AAA (Stable) rating from CARE Ratings in January 2026, is sponsored by:
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Correct answer: A — NHAI
PIB (MoRTH): RIIT is an NHAI-sponsored Infrastructure Investment Trust.
According to the Road Transport Ministry (January 2026), NHAI has so far monetised road assets worth about:
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Correct answer: B — ₹1.43 lakh crore
PIB (MoRTH): to date, NHAI has successfully monetised road assets of around ₹1.43 lakh crore.
What was the coal production from captive and commercial mines in December 2025, as reported by the Ministry of Coal?
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Correct answer: C — 19.48 million tonnes
PIB (Coal): production stood at 19.48 MT in December 2025; 18.02 MT was the dispatch and 54.14 MT the Q3 production.
Which segments are the focus of the PLI Scheme for Textiles, whose application deadline was extended to 31 March 2026?
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Correct answer: C — MMF apparel, MMF fabrics and technical textiles
PIB (Textiles): proposals have been submitted in priority areas including MMF apparel, MMF fabrics and technical textiles.
Who has been designated Chairperson of the NPS Trust Board by PFRDA, as announced in January 2026?
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Correct answer: C — Dinesh Kumar Khara
PIB (Finance): Dinesh Kumar Khara, former Chairman of SBI, has been appointed a trustee and designated Chairperson of the NPS Trust Board.
Consider the following statements about the PFRDA reforms announced in January 2026: 1. Scheduled Commercial Banks may independently set up pension funds to manage NPS, under an in-principle framework. 2. The revised Investment Management Fee for pension funds applies from 1 April 2026. 3. Three new trustees were appointed to the NPS Trust Board. Which of the statements given above is/are correct?
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Correct answer: B — 1, 2 and 3
PIB (Finance): the board approved in principle a framework for banks to set up pension funds; the revised IMF applies from 1 April 2026; and three new trustees were appointed. All three are correct.
What is the name of the new mascot unveiled by MoSPI on 1 January 2026?
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Correct answer: C — Sankhyiki
PIB (MoSPI): MoSPI introduced its new mascot 'सांख्यिकी' (Sankhyiki), and its logo carries the message 'Data for Development'.
What message does the new MoSPI logo, unveiled on 1 January 2026, carry?
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Correct answer: D — Data for Development
PIB (MoSPI): inspired by India's heritage and modern statistical science, the logo carries the Ministry's message of 'Data for Development'.
Under the amendment announced by the Ministry of Corporate Affairs in January 2026, how often will company directors now need to file KYC?
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Correct answer: D — Once every three years
PIB (MCA): the annual KYC filing requirement has been replaced with a simpler KYC intimation once in every three years.
How many new Regional Directorates and Registrar of Companies offices will the Ministry of Corporate Affairs open from 16 February 2026?
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Correct answer: B — 3 RDs and 6 RoCs
PIB (MCA): MCA will open 3 Regional Directorates and 6 Registrar of Companies offices with effect from 16 February 2026.
Under which sub-scheme of the Export Promotion Mission is the Market Access Support intervention, launched on 31 December 2025, implemented?
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Correct answer: C — NIRYAT DISHA
PIB (Commerce): the MAS intervention is being implemented under the NIRYAT DISHA sub-scheme of the Export Promotion Mission.
What minimum share of MSME participation has been mandated for events supported under the Market Access Support intervention?
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Correct answer: A — 35 per cent
PIB (Commerce): a minimum participation of 35 per cent MSMEs has been mandated for supported events.
Sagarmala Finance Corporation Limited (SMFCL) began lending at its 51st Board Meeting on 30 December 2025 by sanctioning loans of about:
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Correct answer: C — ₹4,300 crore
PIB (Ports, Shipping and Waterways): SMFCL approved loan sanctions of about ₹4,300 crore at its 51st Board Meeting on 30 December 2025. ₹8,000 crore is its FY26 lending target and ₹25,000 crore its borrowing limit.
Consider the following statements about Sagarmala Finance Corporation Limited (SMFCL): 1. SMFCL is India's first maritime-focused Non-Banking Financial Company. 2. SMFCL is targeting a loan book of ₹8,000 crore in 2025-26. 3. The largest share of its first tranche of sanctions went to Goa Shipyard. Which of the statements given above is/are correct?
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Correct answer: B — 1 and 2 only
PIB: SMFCL is India's first maritime-focused NBFC and targets an ₹8,000 crore loan book in FY26. About ₹4,000 crore of the ₹4,300 crore went to a greenfield port project; Goa Shipyard got ₹110 crore, so statement 3 is wrong.
According to the quick estimate released on 29 December 2025, India's Index of Industrial Production grew by how much in November 2025?
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Correct answer: C — 6.7%
PIB (MoSPI): IIP grew 6.7% in November 2025. 0.4% was October's growth, 8.0% manufacturing and 5.4% mining.
Which IIP sector recorded a contraction in November 2025?
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Correct answer: D — Electricity
PIB (MoSPI): growth rates for November 2025 were Mining 5.4%, Manufacturing 8.0% and Electricity (−)1.5%.
Consider the following statements about the Index of Industrial Production (IIP): 1. The current IIP series uses 2011-12 as its base year. 2. The quick estimate of IIP is released on the 28th of every month, or the next working day if the 28th is a holiday. 3. In November 2025, electricity was the fastest-growing IIP sector. Which of the statements given above is/are correct?
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Correct answer: D — 1 and 2 only
PIB (MoSPI): the IIP base is 2011-12=100 and quick estimates come out on the 28th of every month (or the next working day). In November 2025 electricity contracted 1.5% while manufacturing grew fastest at 8.0%.
What is the total corpus of the Shipbuilding Financial Assistance Scheme (SBFAS), whose guidelines were notified on 27 December 2025?
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Correct answer: B — ₹24,736 crore
PIB (MoPSW): SBFAS has a total corpus of ₹24,736 crore. ₹19,989 crore is the SbDS outlay, ₹44,700 crore the combined outlay, and ₹96,000 crore the projects SBFAS is expected to support.
Under the Shipbreaking Credit Note introduced by SBFAS, ship owners scrapping vessels at Indian yards receive a credit equal to what share of the scrap value?
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Correct answer: D — 40%
PIB (MoPSW): ship owners scrapping vessels at Indian yards will receive a credit equivalent to 40% of the scrap value.
Under the Shipbuilding Development Scheme (SbDS), the India Ship Technology Centre will be set up under which institution?
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Correct answer: C — Indian Maritime University
PIB (MoPSW): SbDS provides for an India Ship Technology Centre under the Indian Maritime University to support research, design, innovation and skills.
Consider the following statements about the shipbuilding schemes whose guidelines were notified in December 2025: 1. SBFAS provides financial assistance of 15% to 25% per vessel, depending on the vessel category. 2. Greenfield shipbuilding clusters get 100% capital support through a 50:50 Centre–State special purpose vehicle. 3. Both SBFAS and SbDS are valid only until 31 March 2030. Which of the statements given above is/are correct?
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Correct answer: A — 1 and 2 only
PIB (MoPSW): SBFAS gives 15–25% per vessel and greenfield clusters get 100% capital support via a 50:50 Centre–State SPV. Both schemes are valid until 31 March 2036, with an in-principle extension to 2047, so statement 3 is wrong.
What is the toll-free number of the National Consumer Helpline?
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Correct answer: B — 1915
PIB (Consumer Affairs): consumers can register grievances in 17 languages through the toll-free number 1915.
Which sector accounted for the largest share of refunds facilitated by the National Consumer Helpline between 25 April and 26 December 2025?
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Correct answer: C — E-commerce
PIB (Consumer Affairs): e-commerce recorded 39,965 grievances and ₹32 crore of the ₹45 crore refunds; travel and tourism was second with ₹3.5 crore.
Consider the following statements about the National Consumer Helpline (NCH): 1. Between 25 April and 26 December 2025, the NCH facilitated ₹45 crore in refunds on 67,265 grievances across 31 sectors. 2. The NCH operates at the pre-litigation stage under the Consumer Protection Act, 2019. 3. Grievances can be registered on the NCH in only 12 languages. Which of the statements given above is/are correct?
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Correct answer: D — 1 and 2 only
PIB (Consumer Affairs): the ₹45 crore refunds covered 67,265 grievances in 31 sectors, and the NCH works at the pre-litigation stage under the Consumer Protection Act, 2019. Grievances can be registered in 17 languages, so statement 3 is wrong.
Untied Grants released to Panchayati Raj Institutions under the Fifteenth Finance Commission can be used for the subjects listed in which Schedule of the Constitution?
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Correct answer: C — Eleventh Schedule
PIB 2208817: Untied Grants are used for location-specific needs under the 29 subjects in the Eleventh Schedule, except salaries and establishment costs. (The Twelfth Schedule lists municipal subjects.)
Consider the following statements about Fifteenth Finance Commission grants to rural local bodies: 1. Tied Grants can be used for sanitation, including maintaining ODF status, and for drinking water supply. 2. Untied Grants can be used to pay salaries of panchayat staff. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
PIB 2208817: Tied Grants are for sanitation/ODF and drinking water; Untied Grants cannot be used for salaries and other establishment costs.