Economy Current Affairs Quiz — Last 12 months
Daily news by your exam, state and topic — each with a short summary, key facts and MCQs.
The scientific sea-shipment protocol for mango exports, under which Banganapalle mangoes reached Singapore in June 2026, was developed by ICAR-CISH with APEDA. ICAR-CISH is located in:
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Correct answer: D — Lucknow
The protocol was developed by the ICAR-Central Institute for Subtropical Horticulture (ICAR-CISH), Lucknow, in collaboration with APEDA.
According to ICAR (June 2026), what is the estimated logistics cost of exporting mangoes by sea compared with air?
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Correct answer: A — Rs 13-20 per kg by sea vs Rs 150-250 per kg by air
The sea route reduces logistics costs to an estimated Rs 13-20 per kg, compared with Rs 150-250 per kg by air.
Which Foundation Day did Mumbai Port Authority celebrate on 25 June 2026?
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Correct answer: A — 154th
Mumbai Port Authority celebrated its 154th Foundation Day on 25 June 2026.
What was the theme of Mumbai Port Authority's 154th Foundation Day celebrations (June 2026)?
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Correct answer: D — Together We Can
The Foundation Day celebrations were held under the theme 'Together We Can'.
Queen Máxima of the Netherlands, who met PM Modi on 25 June 2026, also serves as:
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Correct answer: D — UN Secretary-General's Special Advocate for Financial Health
Queen Máxima is also the UN Secretary-General's Special Advocate for Financial Health.
The first-ever Indian mango promotion events in Iceland were held in June 2026 in Reykjavik and which other city?
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Correct answer: A — Akureyri
The events were held on 24 June 2026 in Reykjavik and on 25 June 2026 in Akureyri, North Iceland.
At the June 2026 Indian mango promotion events, an Icelandic official spoke about opportunities for mango imports under which agreement?
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Correct answer: C — India-EFTA TEPA
Iceland's Director of Trade Agreements spoke about the opportunities presented by the India-EFTA Trade and Economic Partnership Agreement (TEPA).
Which United States Trade Representative led a US delegation to New Delhi from 22 to 24 June 2026 for India-US Bilateral Trade Agreement talks?
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Correct answer: B — Jamieson Greer
USTR Ambassador Jamieson Greer led the official US delegation to New Delhi from 22 to 24 June 2026.
The interim India-US trade deal discussed in June 2026 is to be finalised in line with the joint statement of:
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Correct answer: D — 7 February 2026
The visit aimed to finalise an interim deal in line with the joint statement of 7 February 2026.
According to the Commerce Ministry (June 2026), the India-US BTA negotiations will strengthen which partnership?
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Correct answer: A — India-US Comprehensive Global Strategic Partnership
Both sides said the negotiations would deepen economic ties and strengthen the India-US Comprehensive Global Strategic Partnership.
SAIL said in June 2026 that it supplied all 5,700 tonnes of special steel for INS Dunagiri, INS Agray and INS Sanshodhak. Which grade of steel was supplied?
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Correct answer: A — DMR 249A
The steel supplied by SAIL includes special quality DMR 249A grade hot-rolled sheets and plates.
As announced by the Ministry of Mines on 23 June 2026, how many critical and strategic mineral blocks have been successfully auctioned by the Central Government in total?
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Correct answer: A — 56
With 10 blocks in the Seventh Tranche, the total reached 56 out of 88 unique blocks taken up for auction.
In the Seventh Tranche of critical mineral auctions (announced 23 June 2026), in which group of States did the Central Government auction critical mineral blocks for the first time?
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Correct answer: C — Gujarat, Uttarakhand and Telangana
The Seventh Tranche saw critical mineral blocks auctioned by the Centre for the first time in Gujarat, Uttarakhand and Telangana. Arunachal Pradesh, UP and Odisha were firsts for Exploration Licence blocks.
The Seventh Tranche of critical mineral auctions (NIT of 23 March 2026) was conducted under which legal framework?
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Correct answer: D — Mines and Minerals (Development and Regulation) Act, 1957 and Mineral (Auction) Rules, 2015
The Ministry of Mines stated that the auction was conducted under the provisions of the MMDR Act, 1957 and the Mineral (Auction) Rules, 2015, as amended.
Consider the following statements about the mineral auctions announced on 23 June 2026: 1. The Second Tranche of Exploration Licence auctions extended the framework to Arunachal Pradesh, Uttar Pradesh and Odisha for the first time. 2. The NIT for the Seventh Tranche offered 10 mineral blocks, all of which were auctioned. Which of the statements given above is/are correct?
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Correct answer: B — 1 only
Statement 1 is correct. Statement 2 is wrong: the NIT of 23 March 2026 offered 19 blocks, of which 10 were successfully auctioned.
What is the thematic focus of the eighth edition of NITI Aayog's Trade Watch Quarterly, released on 23 June 2026?
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Correct answer: C — Pharmaceutical sector
The thematic focus of the eighth edition is India's pharmaceutical sector.
According to NITI Aayog's Trade Watch Quarterly (8th edition), what was India's total merchandise and services trade in FY2025-26?
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Correct answer: B — $1.84 trillion
Total trade grew 5.4% year-on-year to reach $1.84 trillion in FY2025-26.
Consider the following statements about NITI Aayog's Trade Watch Quarterly released on 23 June 2026: 1. India remained the world's eighth-largest services exporter in 2025. 2. It names Telangana, Gujarat and Maharashtra as key pillars of India's pharmaceutical industry. Which of the statements given above is/are correct?
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Correct answer: A — Both 1 and 2
Both are correct as stated in the release on the eighth edition.
Which e-auction portal of NAFED was launched by Union Minister of Cooperation Amit Shah in New Delhi on 23 June 2026?
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Correct answer: D — NAFEX.in
Amit Shah launched NAFED's e-auction portal NAFEX.in along with DRISHTI, ERP and NAFED Kalyan.
According to Amit Shah at the NAFED event on 23 June 2026, NAFED today serves how many farmers?
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Correct answer: B — More than 74 lakh
Amit Shah said NAFED serves more than 74 lakh farmers with a turnover of ₹30,000 crore and a profit of ₹500 crore.
Consider the following statements about the NAFED event on 23 June 2026: 1. NAFED will earmark 1% of its profits for scholarships for children from farmer families. 2. NAFED's current turnover was stated as ₹30,000 crore. Which of the statements given above is/are correct?
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Correct answer: A — Both 1 and 2
Both are correct: Amit Shah said NAFED will earmark 1% of profits for scholarships and that its turnover has risen from ₹20,000 crore to ₹30,000 crore.
With which institution did NHAI sign an MoU (announced 23 June 2026) to set up a Centre for Economics of Transportation, Mobility and Logistics?
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Correct answer: B — NCAER
NHAI signed the MoU with the National Council of Applied Economic Research (NCAER); the centre is housed at NCAER.
Consider the following statements about the NHAI–NCAER MoU announced on 23 June 2026: 1. The centre will be India's first permanent and independent research centre dedicated to the economics of transportation, mobility and logistics. 2. The centre is funded entirely by the World Bank. Which of the statements given above is/are correct?
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Correct answer: C — 1 only
Statement 1 is correct. Statement 2 is wrong: the centre is founded with a founding contribution from NHAI, and NCAER will mobilise contributions from allied institutions.
By how much did the combined Index of Eight Core Industries grow in May 2026 (provisional), as released on 22 June 2026?
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Correct answer: C — 0.5%
The ICI rose 0.5% (provisional) in May 2026; 1.8% is the final April 2026 figure and 1.1% the April–May cumulative growth.
The eight core industries together account for what share of the weight of items included in the Index of Industrial Production (IIP)?
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Correct answer: B — 40.27%
The Ministry of Commerce and Industry states that the Eight Core Industries comprise 40.27% of the weight of items in the IIP; the ICI base year is 2011-12.
Which of the following core industries recorded positive growth in May 2026?
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Correct answer: D — Steel, cement and electricity
Steel, cement and electricity recorded positive growth in May 2026; coal, crude oil and natural gas declined.
What penalty did the CCPA impose on each of Storia Foods and Mrs. Bectors Food Specialities for misleading '100%' claims (announced 21 June 2026)?
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Correct answer: C — ₹1 lakh
The CCPA imposed penalties of ₹1,00,000 each on the two companies.
Under which Act did the Central Consumer Protection Authority take action against misleading '100%' claims on 21 June 2026?
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Correct answer: D — Consumer Protection Act, 2019
The action was taken under the Consumer Protection Act, 2019 and the Guidelines for Prevention of Misleading Advertisements and Endorsements, 2022.
Who heads the Central Consumer Protection Authority as Chief Commissioner, as stated on 21 June 2026?
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Correct answer: A — Nidhi Khare
The CCPA is headed by Chief Commissioner Nidhi Khare, with Anupam Mishra as Commissioner.
NMDC's Donimalai Complex, reviewed by its senior management (reported 20 June 2026), is located in which State?
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Correct answer: B — Karnataka
The Ministry of Steel describes the Donimalai Complex as being in Karnataka.
Consider the following statements about NMDC, as reported on 20 June 2026: 1. NMDC targets 17 MTPA from the Donimalai Complex and 10 MTPA from the Kumaraswamy Mine. 2. NMDC has a vision of becoming a 50 MTPA mining company. Which of the statements given above is/are correct?
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Correct answer: D — 1 only
Statement 1 is correct. Statement 2 is wrong: NMDC's vision is to become a 100 MTPA mining company.
APEDA facilitated the first-ever commercial export of dried whole egg powder from Balangir, Odisha, to which country (announced 20 June 2026)?
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Correct answer: C — Austria
The first-ever shipment of dried whole egg powder from Balangir, Odisha, went to Austria.
What was the size of the first dried whole egg powder consignment from Odisha to Austria, flagged off by APEDA?
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Correct answer: D — 22.6 metric tonnes
The consignment comprised 22.6 metric tonnes of dried whole egg powder.
The BCGCL Coal-to-Ammonium Nitrate Project, whose foundation stone was laid on 20 June 2026, is located in which district of Odisha?
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Correct answer: C — Jharsuguda
The project is at Lakhanpur in Jharsuguda district, Odisha.
Bharat Coal Gasification & Chemicals Limited (BCGCL) is a joint venture between which two companies, and in what equity ratio?
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Correct answer: A — Coal India 51% and BHEL 49%
BCGCL is a JV of Coal India Limited (51%) and Bharat Heavy Electricals Limited (49%).
Which Coal India subsidiary is providing about 350 acres of land and coal from its Ib Valley washery for the BCGCL project at Lakhanpur?
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Correct answer: B — Mahanadi Coalfields Limited
Mahanadi Coalfields Limited (MCL) is contributing about 350 acres and will supply coal from its Ib Valley washery.
Where did PM Narendra Modi disburse about ₹2,400 crore under the PM Viksit Bharat Rozgar Yojana on 19 June 2026?
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Correct answer: B — Vigyan Bhawan, New Delhi
The special programme was held at Vigyan Bhawan, New Delhi.
Approximately how much was disbursed in incentives under PM-VBRY by the Prime Minister on 19 June 2026?
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Correct answer: D — ₹2,400 crore
The PM disbursed incentives of approximately ₹2,400 crore.
According to the Ministry of Labour & Employment (June 2026), how many first-time employees have been brought into the formal workforce under PM-VBRY since August 2025?
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Correct answer: A — 70 lakh
The release says 70 lakh first-time employees were brought into the formal workforce under PM-VBRY since August 2025.
Consider the following statements about the PM-VBRY programme of 19 June 2026: 1. PM-VBRY events were held simultaneously at around 200 locations across the country. 2. PM Modi said the scheme supports only employers, not employees. Which of the statements given above is/are correct?
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Correct answer: C — 1 only
Statement 1 is correct. Statement 2 is wrong: the PM said the programme simultaneously supports both employees and employers.
Who has been elected and appointed Vice-President of the FATF for July 2026–June 2027, the first Indian to hold the post?
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Correct answer: A — Vivek Aggarwal
Vivek Aggarwal, Secretary, Ministry of Culture, has been elected and appointed FATF Vice-President for July 2026–June 2027.
At the time of his appointment as FATF Vice-President in June 2026, Vivek Aggarwal was serving as Secretary of which Ministry?
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Correct answer: C — Ministry of Culture
The release describes him as Secretary to the Government of India, Ministry of Culture.
Which body elects the Vice-President of the Financial Action Task Force (FATF)?
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Correct answer: B — The FATF Plenary, from among its members
The FATF Vice-President is elected by the FATF Plenary from among its members and assists the President.
Consider the following statements about the Financial Action Task Force (FATF): 1. FATF is a Paris-based inter-governmental body that sets global standards to prevent money laundering, terrorist financing and the financing of proliferation. 2. The FATF Presidency runs on a two-year term. 3. The FATF Global Network covers fewer than 100 jurisdictions. Which of the statements given above is/are correct?
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Correct answer: D — 1 and 2 only
Statements 1 and 2 are correct. Statement 3 is wrong: the FATF Global Network covers more than 200 jurisdictions.
Where was the 14th Session of the India-Uzbekistan Intergovernmental Commission held in June 2026?
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Correct answer: C — Tashkent
The meeting was held in Tashkent, with the Indian co-chair participating through video conference.
At the 14th India-Uzbekistan Intergovernmental Commission (June 2026), the two sides agreed to work towards doubling bilateral trade within what period?
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Correct answer: A — Next three years
Both sides agreed to work towards doubling bilateral trade in the next three years.
Which city hosted the First BRICS MSME Forum and the Third SME Working Group Meeting on 19 June 2026?
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Correct answer: A — Agra
Both were hosted by the Ministry of MSME at Agra, Uttar Pradesh, on 19 June 2026.
What was the theme of the Third BRICS SME Working Group Meeting held at Agra in June 2026?
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Correct answer: C — Building MSME Ecosystem – Sustainable Roots to Global Routes
The Third SME Working Group Meeting deliberated on 'Building MSME Ecosystem – Sustainable Roots to Global Routes'; the other BRICS line was the overarching theme.
What was the theme of Bharat Buildcon 2026, inaugurated at Yashobhoomi, New Delhi, on 18 June 2026?
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Correct answer: A — One Nation, One Expo
Bharat Buildcon 2026 was held under the theme 'One Nation, One Expo'.
Bharat Buildcon 2026 brought together participants from how many countries, across how many building material segments?
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Correct answer: C — Over 90 countries, 24 segments
The exhibition brings together participants from over 90 countries and 100 Indian cities across 24 building material segments.
Under the GeM–CSC MoU signed on 18 June 2026, how many GeM Suvidha Kendras will initially be set up on a pilot basis?
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Correct answer: C — 50
50 GeM Suvidha Kendras will be established initially on a pilot basis through the CSC network.
Consider the following statements about the GeM–CSC partnership: 1. The earlier GeM–CSC partnership was established in 2022 and focused mainly on seller registration and profile creation. 2. GeM functions under the Ministry of Finance. Which of the statements given above is/are correct?
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Correct answer: A — 1 only
Statement 1 is correct. Statement 2 is wrong: GeM is the National Public Procurement Portal under the Ministry of Commerce & Industry.
What was India's record annual defence production in FY 2025-26, as reported by the Ministry of Defence in June 2026?
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Correct answer: D — ₹1.78 lakh crore
Defence production reached an all-time high of ₹1.78 lakh crore in FY 2025-26.
What was the private sector's share in India's defence production in FY 2025-26?
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Correct answer: B — 24%
The private sector contributed 24% in FY 2025-26, up from 22% in FY 2024-25.
Consider the following statements about India's defence sector in FY 2025-26: 1. Defence exports reached a record ₹38,424 crore. 2. Defence production grew 15.6% over the previous fiscal year. Which of the statements given above is/are correct?
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Correct answer: A — Both 1 and 2
Both are correct as per the Ministry of Defence release.
Who was appointed Chairperson of the National Statistical Commission in June 2026?
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Correct answer: B — Saibal Chattopadhyay
The ACC approved Dr. Saibal Chattopadhyay, former Director of IIM Kolkata, as NSC Chairperson.
Which body approved the appointment of the Chairperson and Members of the National Statistical Commission in June 2026?
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Correct answer: D — Appointments Committee of the Cabinet
The Appointments Committee of the Cabinet (ACC) approved the appointments.
In which year was the National Statistical Commission (NSC) set up as the nodal body for all core statistical activities of India?
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Correct answer: A — 2005
MoSPI states that the NSC was set up in 2005.
Consider the following statements about the composition of the National Statistical Commission: 1. It has a part-time Chairperson and four part-time Members. 2. The CEO of NITI Aayog is an ex-officio Member. 3. The Secretary, MoSPI is the Secretary to the NSC. Which of the statements given above is/are correct?
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Correct answer: C — 1, 2 and 3
All three are correct as stated by MoSPI.
In which district of Haryana was KVIC's 'Khadi Rozgar Utsav' held at Siwani on 17 June 2026?
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Correct answer: C — Bhiwani
The event was held at the New Grain Market complex in Siwani, Bhiwani district, Haryana.
At the Khadi Rozgar Utsav in Siwani, the 3,645 machines and toolkits were distributed under which scheme?
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Correct answer: B — Village Industry Development Scheme (GVY)
The machines and toolkits were distributed to 972 artisans under the Village Industry Development Scheme (GVY).
Where did Ashwini Vaishnaw and Devendra Fadnavis inaugurate Jabil Inc.'s Advanced Manufacturing Facility on 17 June 2026?
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Correct answer: D — Ranjangaon, Pune
The facility was inaugurated at Ranjangaon, Pune, Maharashtra.
What is the base year of the new Wholesale Price Index (WPI) series released on 15 June 2026?
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Correct answer: C — 2022-23
The revised WPI series has base year 2022-23 and replaces the 2011-12 series.
How many items does the new WPI series (base 2022-23) cover?
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Correct answer: A — 957
The number of items has increased from 697 in the 2011-12 series to 957.
Which office compiles and releases the Wholesale Price Index in India?
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Correct answer: B — Office of the Economic Adviser, DPIIT
The Office of the Economic Adviser, DPIIT, released the revised WPI series.
Consider the following statements about the revised WPI and the new Producer Price Indices (June 2026): 1. Weights in the WPI 2022-23 series are based on Gross Value of Output instead of Net Traded Value. 2. WPI will be released along with PPI for five years and discontinued thereafter. 3. Service PPIs have been compiled for seven services and are released on a quarterly basis. Which of the statements given above is/are correct?
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Correct answer: D — 1, 2 and 3
All three are stated in the DPIIT release. The shift from WPI to PPI follows IMF recommendations.
India's cumulative exports (merchandise and services) for April–May 2026-27 are estimated at about how much?
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Correct answer: A — US$ 162.69 billion
Cumulative exports for April–May 2026-27 are estimated at US$ 162.69 billion, up 14.66% from US$ 141.89 billion.
Among the major drivers of merchandise export growth in May 2026, which category recorded the highest growth rate over May 2025?
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Correct answer: C — Petroleum Products
Petroleum products exports grew 54.89%, ahead of engineering goods (24.48%), chemicals (12.71%), electronics (11.62%) and gems & jewellery (6.66%).
According to the PLFS monthly bulletin, what was the Labour Force Participation Rate (15+ years) in May 2026?
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Correct answer: B — 54.4%
LFPR for persons aged 15 years and above was 54.4% in May 2026 (CWS).
In the PLFS, the Current Weekly Status (CWS) of a person is determined on the basis of which reference period?
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Correct answer: D — Last 7 days preceding the survey
CWS is the activity status based on a reference period of the last 7 days preceding the date of survey.
Consider the following statements about the PLFS monthly bulletin for May 2026: 1. The Worker Population Ratio (15+ years) was 51.4%. 2. The unemployment rate (15+ years) in urban areas declined to 6.4%. Which of the statements given above is/are correct?
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Correct answer: A — Both 1 and 2
Both figures are given in the MoSPI release on the May 2026 bulletin.
The MSME Technology Centre whose foundation stone was laid on 15 June 2026 at Khizarsarai, Gaya Ji, has a total investment of how much?
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Correct answer: B — ₹170 crore
The centre involves a total investment of ₹170 crore: about ₹86 crore for civil works and ₹84 crore for plant and machinery.
Which focus sectors will the MSME Technology Centre at Gaya Ji cater to?
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Correct answer: C — General Engineering, Heavy Engineering and Textile Testing
The centre will focus on General Engineering, Heavy Engineering and Textile Testing.
According to the Department of Fertilizers (June 2026), India's domestic urea production reached an all-time high of how much in 2023-24?
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Correct answer: B — 314.07 LMT
Urea production rose from 225 LMT in 2014-15 to a record 314.07 LMT in 2023-24.
Consider the following statements based on the Department of Fertilizers note of June 2026: 1. Six new mega urea plants set up since 2014 have added annual capacity of 76.2 LMT. 2. P&K fertiliser manufacturing reached a record 211.22 LMT in 2024-25. Which of the statements given above is/are correct?
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Correct answer: D — Both 1 and 2
Both figures are given in the Department of Fertilizers release.