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 what cost did the Union Cabinet approve the Census of India 2027 on 12 December 2025?
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Correct answer: A — ₹11,718.24 crore
PIB 2202983: the Cabinet approved conducting the Census of India 2027 at a cost of ₹11,718.24 crore.
Consider the following statements about the Census of India 2027 approved on 12 December 2025: 1. Houselisting and Housing Census will be held from April to September 2026. 2. Caste data will be captured during the Houselisting phase. 3. Population Enumeration in Ladakh will be held in September 2026. Which of the statements given above are correct?
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Correct answer: C — 1 and 3 only
PIB 2202983: Houselisting runs April–September 2026; Population Enumeration is in February 2027 but September 2026 for Ladakh and snow-bound areas; caste data is captured in the second phase (Population Enumeration), not Houselisting.
Under the CoalSETU window approved on 12 December 2025, up to what share of their coal linkage quantity can linkage holders export?
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Correct answer: C — 50%
PIB 2202994: coal linkage holders will be eligible to export coal up to 50% of their coal linkage quantity.
Consider the following statements about the CoalSETU window: 1. Coking coal will be offered under the window. 2. Traders are not allowed to participate. 3. The window is added to the NRS Linkage Auction Policy of 2016. Which of the statements given above are correct?
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Correct answer: B — 2 and 3 only
PIB 2202994: CoalSETU is a new window in the NRS Linkage Auction Policy of 2016; coking coal shall not be offered and traders shall not be allowed to participate.
What is the Minimum Support Price for milling copra for the 2026 season, approved on 12 December 2025?
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Correct answer: A — ₹12,027 per quintal
PIB 2202999: MSP for FAQ milling copra is ₹12,027 per quintal and for ball copra ₹12,500 per quintal for the 2026 season.
Which agencies act as Central Nodal Agencies for procurement of copra under the Price Support Scheme?
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Correct answer: A — NAFED and NCCF
PIB 2202999: NAFED and the National Cooperative Consumers' Federation (NCCF) will continue to act as Central Nodal Agencies for copra procurement under the PSS.
What was the all-India year-on-year CPI (General) inflation rate for November 2025 (provisional), released on 12 December 2025?
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Correct answer: B — 0.71%
PIB 2202940: headline CPI inflation for November 2025 was 0.71% (provisional), 46 basis points higher than October 2025. 1.40% was urban inflation and 2.95% housing inflation.
What was the all-India food inflation based on the Consumer Food Price Index (CFPI) in November 2025?
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Correct answer: A — –3.91%
PIB 2202940: all-India CFPI inflation was –3.91% (provisional); rural was –4.05% and urban –3.60%.
Through which platform will India Post employees facilitate mutual fund transactions under the MoU signed between the Department of Posts and BSE on 12 December 2025?
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Correct answer: C — BSE StAR MF
PIB 2203264: certified postal officials will facilitate mutual fund transactions through the BSE StAR MF platform.
For how long is the Department of Posts–BSE MoU on mutual fund distribution, signed on 12 December 2025, valid?
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Correct answer: C — Three years
PIB 2203264: the MoU will remain valid for three years from 12.12.2025 to 11.12.2028, with provisions for renewal.
The agreed minutes of which session of the India–Italy Joint Commission for Economic Cooperation were signed in Mumbai on 11 December 2025?
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Correct answer: C — 22nd
PIB 2202562: the defining outcome was the signing of the agreed minutes of the 22nd session of the India-Italy JCEC.
Which Italian company was awarded three major steel plant projects by SAIL, announced at the India–Italy Business Forum on 11 December 2025?
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Correct answer: A — Danieli Group
PIB 2202562: SAIL awarded three steel plant projects (Blast Furnace, Slab Caster, Hot Strip Mill) to Italy's Danieli Group, worth around €500 million.
Under which section of the Competition Act, 2002 did the CCI issue its 11 December 2025 cease-and-desist order against three Maharashtra liquor trade associations?
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Correct answer: C — Section 27
PIB 2202509: the order was issued under Section 27; the case began on information under Section 19(1)(a), and office-bearers were held liable under Section 48.
Which of the following was NOT among the associations directed by the CCI on 11 December 2025 to cease anti-competitive practices?
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Correct answer: D — Mumbai Liquor Distributors Federation
PIB 2202509: the order named the Maharashtra Wine Merchants Association, the Pune District Wine Merchants Association and the Association of Progressive Liquor Vendors.
Which organisation released the report 'Deepening the Corporate Bond Market in India' on 11 December 2025?
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Correct answer: C — NITI Aayog
PIB 2202453: NITI Aayog CEO B.V.R. Subrahmanyam released the report in New Delhi on 11 December 2025.
What does 'NEST' stand for in NEST–02, inaugurated at SEEPZ, Mumbai, on 11 December 2025?
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Correct answer: D — New Enterprises & Services Tower
PIB 2202444: NEST–02 is the New Enterprises & Services Tower – Phase 2 at SEEPZ.
In SEEPZ, where NEST–02 was inaugurated on 11 December 2025, what does the 'S' at the start stand for?
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Correct answer: A — Santacruz
PIB 2202444: SEEPZ is the Santacruz Electronics Export Processing Zone in Mumbai.
According to the eighth round of NABARD's RECSS released on 11 December 2025, what share of monthly income do rural households now spend on consumption?
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Correct answer: C — 67.3%
PIB 2202010: 67.3% of monthly income is now spent on consumption, the highest since the survey began; 42.2% reported income growth and 75.9% expect incomes to rise.
How often is NABARD's Rural Economic Conditions and Sentiments Survey (RECSS) conducted?
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Correct answer: B — Bi-monthly
PIB 2202010: RECSS is a high-frequency, bi-monthly assessment conducted by NABARD since September 2024.
Under the Labour Ministry–Microsoft MoU signed on 10 December 2025, Microsoft will encourage how many employers and partners to join the National Career Service platform?
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Correct answer: C — 15,000+
PIB 2201346: Microsoft committed to encourage 15,000+ employers and partners from its international network onto the NCS platform.
Through which initiative will AI-driven skilling be expanded under the Labour Ministry–Microsoft MoU of 10 December 2025?
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Correct answer: D — DigiSaksham
PIB 2201346: the MoU will expand AI-driven skilling initiatives through DigiSaksham.
Under which provision did the Department of Telecommunications seek TRAI's recommendations on microwave spectrum assignment, released on 10 December 2025?
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Correct answer: B — Section 11(1)(a) of the TRAI Act, 1997
PIB 2201502: DoT's reference of 13.09.2024 sought recommendations under Section 11(1)(a) of the TRAI Act, 1997.
In a telecom network, microwave spectrum of the kind covered by TRAI's 10 December 2025 recommendations is mainly used for:
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Correct answer: B — Backhaul links between access and core networks
PIB 2201502: backhaul links connect the access network with the core network, and microwaves are one of the technologies used for backhaul.
How much did Microsoft announce on 9 December 2025 that it would invest in India over four years?
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Correct answer: D — US$17.5 billion
Microsoft, Reuters and AP: Microsoft will invest US$17.5 billion in India over four years (2026–2029), its largest investment in Asia.
Consider the following statements about Microsoft's India investment announced on 9 December 2025: 1. The investment covers calendar years 2026 to 2029. 2. The investment is Microsoft's largest in Asia. 3. The investment replaces the US$3 billion commitment announced earlier in 2025. Which of the statements given above is/are correct?
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Correct answer: B — 1 and 2 only
Microsoft's release: US$17.5 billion over CY 2026–2029, its largest investment in Asia, which builds on (does not replace) the US$3 billion announced earlier in the year.
Where was the Telangana Rising Global Summit, which opened on 8 December 2025, held?
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Correct answer: D — Bharat Future City, near Hyderabad
The Hindu and Business Standard: the two-day summit was held at Bharat Future City on the outskirts of Hyderabad.
On the first day of the Telangana Rising Global Summit (8 December 2025), how many major MoUs were signed and for roughly what value?
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Correct answer: A — 35 MoUs worth about ₹1.88 lakh crore
The Hindu and Business Standard: 35 major MoUs worth about ₹1.88 lakh crore were signed on day one.
At the Telangana Rising Global Summit on 8 December 2025, which consortium committed ₹75,000 crore to develop Bharat Future City as a net-zero hub?
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Correct answer: A — Brookfield–Axis consortium
The Hindu and Business Standard: the biggest day-one commitment was ₹75,000 crore from the Brookfield–Axis consortium to develop Bharat Future City.
Which round of negotiations for the India–Chile Comprehensive Economic Partnership Agreement (CEPA) concluded in New Delhi on 5 December 2025?
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Correct answer: C — 4th round
PIB 2200648: the 4th Round of India–Chile CEPA negotiations concluded on 5 December 2025 after five days.
Claudia Sanhueza, who called on Piyush Goyal on 8 December 2025 after the 4th round of India–Chile CEPA talks, holds which post?
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Correct answer: B — Treasury Undersecretary in Chile's Ministry of Foreign Affairs
PIB 2200648: Claudia Sanhueza is Treasury Undersecretary in the Ministry of Foreign Affairs of Chile.
As per the Civil Aviation Ministry on 7 December 2025, how much had IndiGo processed in refunds following its operational crisis?
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Correct answer: C — ₹610 crore
PIB 2200058: IndiGo had so far processed refunds totalling ₹610 crore.
Within how many hours did the Civil Aviation Ministry direct IndiGo to trace and deliver baggage separated from passengers during the December 2025 disruption?
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Correct answer: C — 48 hours
PIB 2200058: IndiGo was instructed to trace and deliver all separated baggage within 48 hours.
Consider the following statements about the Civil Aviation Ministry's measures during the IndiGo disruption (December 2025): 1. A cap on airfares was introduced with immediate effect. 2. Airlines could charge a fee for rescheduling travel affected by cancellations. 3. IndiGo's daily flights rose from 706 on 5 December to 1,565 on 6 December. Which of the statements given above is/are correct?
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Correct answer: B — 1 and 3 only
PIB 2200058: fares were capped with immediate effect and flights rose from 706 to 1,565; no additional fees are permitted for rescheduling travel affected by cancellations.
Where in Meghalaya did Giriraj Singh inaugurate the Integrated Textile Tourism Centre on 6 December 2025?
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Correct answer: A — Nongpoh
PIB 2199907: EKTA Meghalaya and the ITTC were inaugurated at Nongpoh, Meghalaya.
Which silk is especially highlighted by the Integrated Textile Tourism Centre opened in Meghalaya on 6 December 2025?
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Correct answer: B — Eri silk
PIB 2199907: the ITTC highlights Meghalaya's unique textile tradition, especially Eri silk.
What is the name of NHAI's Infrastructure Investment Trust that received SEBI's in-principle approval of registration in December 2025?
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Correct answer: D — Raajmarg Infra Investment Trust
PIB 2199533: SEBI granted in-principle approval of registration to 'Raajmarg Infra Investment Trust' (RIIT) as an InvIT.
How much has NHAI monetised through the Toll-Operate-Transfer (TOT) model, according to the Road Transport Ministry in December 2025?
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Correct answer: B — ₹48,995 crore
PIB 2199533: NHAI has monetised assets worth ₹48,995 crore through TOT and raised around ₹43,638 crore across four rounds of private InvITs.
Which office of the Finance Ministry convened India's first-ever Global South seminar on Public Financial Management on 5 December 2025?
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Correct answer: B — Controller General of Accounts
PIB 2199666: the Office of the Controller General of Accounts (CGA), Ministry of Finance, with MEA, convened the seminar.
Which institution developed 'Sahakar Sarathi', under which Amit Shah launched more than 13 services at EARTH Summit 2025?
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Correct answer: B — NABARD
PIB 2199602: 'Sahakar Sarathi', developed by NABARD, will digitally empower rural banking.
At which venue was EARTH Summit 2025 inaugurated by Amit Shah on 5 December 2025?
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Correct answer: A — Mahatma Mandir, Gandhinagar
PIB 2199602: Amit Shah inaugurated EARTH Summit 2025 at Mahatma Mandir in Gandhinagar.
VinFast, which signed an expansion MoU with Tamil Nadu on 4 December 2025, is an automaker from which country?
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Correct answer: B — Vietnam
The Hindu (4 Dec 2025): 'Vietnamese automaker VinFast and the Government of Tamil Nadu have signed a Memorandum of Understanding'.
In which Tamil Nadu location will VinFast get about 500 acres for its electric bus and e-scooter expansion under the December 2025 MoU?
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Correct answer: A — SIPCOT Industrial Park, Thoothukudi
The Hindu and Business Standard (4 Dec 2025): about 500 acres in SIPCOT Industrial Park, Thoothukudi, adjacent to VinFast's existing facility.
Consider the following statements about VinFast's December 2025 MoU with Tamil Nadu: 1. VinFast will invest $500 million as the second phase of its existing $2 billion commitment. 2. The new lines will make electric buses and e-scooters. 3. The existing Thoothukudi plant's initial capacity of 50,000 EVs a year is being expanded to 150,000. Which of the statements given above is/are correct?
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Correct answer: D — 1, 2 and 3
The Hindu: $500 million in the second phase of the $2 billion commitment for e-buses and e-scooters; Business Standard: existing plant has initial capacity of 50,000 EVs being expanded to 150,000.
From which date will Retail Sale Price display become mandatory on all pan masala packs under the Legal Metrology amendment notified in December 2025?
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Correct answer: B — 1 February 2026
PIB 2198215: the amended rules will come into force on 1 February 2026.
Pan masala packs of what weight, earlier exempted, must now print the Retail Sale Price under the December 2025 amendment?
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Correct answer: B — 10 grams or less
PIB 2198215: small packs of 10 grams or less, which were previously exempted, must now print the RSP.
According to TRAI's Performance Indicator Report for July–September 2025, how many broadband Internet subscribers did India have at the end of September 2025?
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Correct answer: B — 995.63 million
PIB 2198285: the broadband subscriber base increased by 1.63% from 979.71 million (Jun-25) to 995.63 million (Sep-25).
Consider the following statements based on TRAI's Performance Indicator Report for July–September 2025: 1. Narrowband Internet subscribers decreased during the quarter. 2. Wireline subscribers decreased during the quarter. 3. Wireline subscriptions decreased on a year-on-year basis at the end of September 2025. Which of the statements given above is/are correct?
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Correct answer: B — 1 and 2 only
PIB 2198285: narrowband fell from 23.14 to 22.18 million and wireline fell from 47.49 to 46.61 million in the quarter, but wireline rose 26.21% year-on-year.
How many member jurisdictions does the Global Forum on Transparency and Exchange of Information for Tax Purposes have, as stated when India hosted its 18th Plenary?
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Correct answer: C — 172
PIB 2197884: the Global Forum, with 172 member jurisdictions, is the world's leading body for tax transparency standards.
Consider the following statements about the 18th Plenary of the Global Forum on Tax Transparency: 1. India hosted it in New Delhi from 2 to 5 December 2025. 2. The Global Forum implements the EOIR and AEOI standards. 3. Its theme was 'Tax Transparency: Delivering a Shared Vision Through International Cooperation'. Which of the statements given above is/are correct?
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Correct answer: D — 1, 2 and 3
PIB 2197884: India hosted it in New Delhi on 2–5 December 2025 under that theme; the Forum implements EOIR and AEOI.
How many Aadhaar authentication transactions did UIDAI record in November 2025?
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Correct answer: C — 231 crore
PIB 2197605: Aadhaar number holders executed 231 crore authentication transactions in November 2025 (October: 219.51 crore).
What was India's IIP growth rate for October 2025 as per the quick estimate released on 1 December 2025?
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Correct answer: A — 0.4%
PIB 2196938: the IIP growth rate for October 2025 is 0.4%, against 4.0% in September 2025.
In the October 2025 IIP, which sector recorded the steepest contraction?
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Correct answer: C — Electricity
PIB 2196938: mining fell 1.8%, manufacturing grew 1.8% and electricity fell 6.9% in October 2025.
As of 28 November 2025, which rabi crop recorded the highest growth in sown area (16.91%) over the previous year?
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Correct answer: C — Wheat
PIB 2197119: wheat area rose to 187.37 lakh ha from 160.26 lakh ha, the highest growth at 16.91%.
What was the total area under rabi crops as of 28 November 2025?
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Correct answer: B — 393.07 lakh hectares
PIB 2197119: total rabi area sown was 393.07 lakh ha against 357.73 lakh ha last year; 637.81 lakh ha is the normal rabi area.
'SportEdge', launched in November 2025 to strengthen India's sports goods industry, is focused on which city?
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Correct answer: A — Meerut
Jayant Chaudhary launched SportEdge Meerut to transform Meerut into an internationally recognised sports hub.
Under SportEdge Meerut (2025), BAIF and NEST plan to directly support more than how many nano-entrepreneurs?
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Correct answer: C — 5,000
BAIF and NEST plan to directly support and empower more than 5,000 nano-entrepreneurs.
According to NSO estimates released on 28 November 2025, India's real GDP growth in Q2 (July–September) of FY 2025-26 was:
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Correct answer: C — 8.2%
Real GDP grew 8.2% in Q2 FY 2025-26; 8.7% was the nominal GDP growth.
In Q2 of FY 2025-26, which broad sector recorded the highest real growth as per NSO?
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Correct answer: D — Tertiary sector (9.2%)
The tertiary sector grew 9.2%, ahead of the secondary sector (8.1%) and agriculture (3.5%).
Consider the following statements about the GDP estimates released on 28 November 2025: 1. Real GDP grew 8.0% in the first half (April–September) of FY 2025-26. 2. Real GDP growth in Q2 of FY 2024-25 was 5.6%. Which of the statements given above is/are correct?
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Correct answer: C — Both 1 and 2
NSO reported H1 FY26 real GDP growth of 8.0% and Q2 FY25 growth of 5.6%.
Quarterly GDP estimates in India are released by which body?
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Correct answer: A — National Statistics Office (MoSPI)
The Q2 FY26 estimates were released by the National Statistics Office (NSO), Ministry of Statistics and Programme Implementation.
The ADB loan for the Indore Metro Rail Project signed in November 2025 is denominated in which currency?
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Correct answer: C — Japanese yen
The Indore Metro Rail loan is ¥27,147,200,000, equivalent to about $190.6 million.
The Sustainable Wetland and Integrated Fisheries Transformation (SWIFT) Project, for which ADB signed a $1 million TA grant in November 2025, is in which state?
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Correct answer: D — Assam
The $1 million Technical Assistance grant is for the upcoming SWIFT Project in Assam.