Economy Current Affairs Quiz — Last 3 months
Daily news by your exam, state and topic — each with a short summary, key facts and MCQs.
What is the total outlay of Semicon 2.0, approved by the Union Cabinet on 15 July 2026?
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Correct answer: C — ₹1,27,500 crore
Semicon 2.0 has a total budget outlay of ₹1,27,500 crore.
On how many pillars is Semicon 2.0 built?
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Correct answer: A — Six
Semicon 2.0 has six pillars: design, machines and materials, fabs, ATMP/OSAT, R&D, and talent development.
According to the Semicon 2.0 Cabinet release, in which year is India's first semiconductor fab scheduled to be commissioned?
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Correct answer: D — 2028
The release states that the first fab is scheduled to be commissioned in 2028.
Consider the following statements about India's semiconductor programmes: 1. The Semicon India programme was approved by the Cabinet in December 2021 with an outlay of ₹76,000 crore. 2. The India Semiconductor Mission (ISM) was set up under the 2021 programme to drive the sector. 3. Under ISM 1.0, twelve semiconductor manufacturing units have been approved. Which of the statements given above are correct?
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Correct answer: B — 1, 2 and 3
All three are correct: the Cabinet approved the ₹76,000-crore programme and set up ISM on 15 December 2021, and twelve units have been approved under ISM 1.0.
What is the budgetary outlay of the Mobile Phone Manufacturing Scheme (MPMS) approved on 15 July 2026?
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Correct answer: A — ₹62,500 crore
The Cabinet approved MPMS with a budgetary outlay of ₹62,500 crore.
What additional incentive does MPMS provide on eligible sales for design and R&D to build Indian brands?
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Correct answer: C — 3%
MPMS gives an additional 3% incentive on eligible sales for design and R&D of the product to build Indian brands.
Consider the following statements about the Mobile Phone Manufacturing Scheme (MPMS): 1. The scheme runs from FY 2026-27 to FY 2030-31. 2. India is the world's second-largest mobile phone manufacturer by volume. 3. The scheme gives a flat 10% incentive on all eligible sales. Which of the statements given above are correct?
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Correct answer: D — 1 and 2 only
Statements 1 and 2 are correct. Statement 3 is wrong: the incentive is at differentiated rates of 2.25% to 5%, with extra incentives for domestic sourcing and design.
With the eighth tranche launched on 15 July 2026, how many critical mineral blocks have been offered in total so far?
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Correct answer: C — 88
The eighth tranche takes the total number of critical mineral blocks offered to 88, of which 56 have been auctioned.
How many critical and strategic mineral blocks are on offer in the eighth tranche of auctions launched on 15 July 2026?
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Correct answer: B — 20
The eighth tranche comprises 20 critical and strategic mineral blocks across nine States.
What was India's overall unemployment rate (15+ years) in June 2026 as per the PLFS monthly bulletin?
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Correct answer: A — 5.5%
The PLFS June 2026 bulletin put the overall unemployment rate at 5.5%.
What was the female labour force participation rate (15+ years) in June 2026 as per PLFS?
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Correct answer: D — 32.7%
Female LFPR was 32.7% in June 2026, 0.7 percentage points above June 2025 (32.0%).
What is the base year of the trial Index of Services Production (ISP) first released by MoSPI in July 2026?
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Correct answer: A — 2024-25
The sub-sectoral trial ISP has base year 2024-25.
The first trial Index of Services Production released in July 2026 covers how many sub-sectors?
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Correct answer: C — 19
The ISP was released for 19 sub-sectors covering about 60% of the services sector.
Consider the following statements about the Index of Services Production (ISP): 1. The 19 sub-sectors cover about 60% of the services sector. 2. Subsequent ISPs will be released on the 29th of every month. 3. The Technical Advisory Committee on ISP was constituted in May 2025. Which of the statements given above are correct?
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Correct answer: D — 1, 2 and 3
All three are correct: ~60% coverage, release on the 29th of each month, and TAC-ISP constituted in May 2025 (report released 7 July 2026).
Where is Tribhuvan Sahkari University, which held its first convocation on 14 July 2026, located?
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Correct answer: B — Anand
The first convocation was held at Anand, Gujarat.
How many students of the first batch received graduate degrees at the first convocation of Tribhuvan Sahkari University?
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Correct answer: C — 302
302 students received graduate degrees and 2 received PhD degrees.
Consider the following statements about Tribhuvan Sahkari University: 1. It is built on the legacy of the Institute of Rural Management Anand (IRMA). 2. IRMA was accorded the status of an Institution of National Importance in 2025. 3. Tribhuvandas Patel set up the Kheda District Cooperative Milk Producers' Union in 1946. Which of the statements given above are correct?
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Correct answer: A — 1, 2 and 3
All three are correct, as stated by the Ministry of Cooperation: the university rests on IRMA, IRMA became an INI in 2025, and Tribhuvandas Patel founded the Kheda union in 1946, which grew into Amul.
The first round of India–Maldives FTA negotiations in 2026 was held in which mode?
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Correct answer: B — Virtual mode
The first round was held in virtual mode from 29 June to 7 July 2026.
Who led India's negotiating team in the first round of India–Maldives FTA negotiations?
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Correct answer: D — Ujjwal Kumar Ghosh
Chief Negotiator Ujjwal Kumar Ghosh, Joint Secretary, Department of Commerce, led India; Yusuf Riza led the Maldives.
Consider the following statements about India–Maldives economic ties as of July 2026: 1. India is the second-largest trading partner of the Maldives. 2. Bilateral trade in 2025–26 was about USD 771.76 million. 3. The two countries are marking 50 years of diplomatic relations. Which of the statements given above are correct?
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Correct answer: A — 1 and 2 only
Statements 1 and 2 are correct. Statement 3 is wrong: India and the Maldives are commemorating 60 years of diplomatic relations.
What was the all-India WPI inflation rate (year-on-year) for June 2026?
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Correct answer: C — 9.87%
WPI inflation was 9.87% in June 2026, up from 9.68% in May 2026.
Which major group of the WPI recorded the highest year-on-year inflation in June 2026?
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Correct answer: B — Fuel and Power
Fuel and Power inflation was 27.41%, against 7.0% for Primary Articles and 7.48% for Manufactured Products.
Consider the following statements about the Wholesale Price Index (WPI) released in July 2026: 1. The current WPI series has base year 2022-23. 2. Provisional WPI for a month is released on the 14th of the following month. 3. The WPI Food Index has a weight of about 24.99%. Which of the statements given above are correct?
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Correct answer: D — 1, 2 and 3
All three are correct: base 2022-23, release on the 14th of the next month (or next working day), and Food Index weight 24.99%.
What revenue did India Post record in the first quarter of FY 2026–27, its highest-ever Q1 figure?
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Correct answer: B — ₹4,009 crore
India Post generated ₹4,009 crore in Q1 FY 2026–27, 22% more than a year earlier; ₹19,803 crore is the annual target.
What was India's CPI-based retail inflation (provisional) for June 2026?
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Correct answer: B — 4.38%
Retail inflation was 4.38% in June 2026, up from 3.93% in May.
What was the food inflation based on the Consumer Food Price Index (CFPI) in June 2026?
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Correct answer: D — 5.32%
CFPI-based food inflation was 5.32% in June 2026, against 4.78% in May.
Consider the following statements about the CPI data for June 2026: 1. The CPI series used has base year 2024=100. 2. Rural inflation was higher than urban inflation. 3. Housing inflation was above headline inflation. Which of the statements given above are correct?
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Correct answer: A — 1 and 2 only
Statements 1 and 2 are correct (rural 4.74% vs urban 3.92%). Statement 3 is wrong: housing inflation was 2.10%, below the headline 4.38%.
What were India's estimated total exports (merchandise and services) in April–June 2026-27?
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Correct answer: C — US$ 232.73 billion
Total exports were estimated at US$ 232.73 billion, up 11.37% from US$ 208.98 billion.
Which merchandise export group recorded the highest year-on-year growth in June 2026 among the major drivers named by the Commerce Ministry?
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Correct answer: A — Gems & Jewellery
Gems & Jewellery grew 34.64%, ahead of engineering goods (20.74%), electronic goods (18.93%) and rice (16.48%).
What penalty did the Competition Commission of India impose on HP India by its order dated 13 July 2026?
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Correct answer: D — ₹11.98 crore
CCI imposed ₹11.98 crore on HP India and about ₹2.30 crore combined on sixteen resellers.
The CCI case against HP India and its resellers arose from a lesser penalty application filed by HP India under which section of the Competition Act, 2002?
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Correct answer: B — Section 46
HP India filed a lesser penalty (leniency) application under Section 46; the penalty itself was imposed under Section 27 for violating Section 3(3)(d) read with 3(1).
The second edition of the Digital Threat Report 2025–26 released by MeitY in July 2026 focuses on which sector?
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Correct answer: A — Banking, financial services, insurance and payments
The report covers the BFSI and payments ecosystem; it was prepared with CERT-In, CSIRT-Fin and SISA.
Where is the IISCO Steel Plant, where an 84,000 m³ water reservoir was inaugurated in July 2026, located?
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Correct answer: A — Burnpur, West Bengal
IISCO Steel Plant is at Burnpur, West Bengal, under SAIL.
What is the storage capacity of the RCC water reservoir inaugurated at IISCO Steel Plant on 12 July 2026?
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Correct answer: C — 84,000 cubic metres
The new RCC reservoir has a storage capacity of 84,000 cubic metres.
Consider the following statements about the IISCO Steel Plant as reviewed in July 2026: 1. It is an integrated steel plant under the Steel Authority of India Limited (SAIL). 2. The new reservoir supports a future 4.08 MTPA expansion project. 3. The plant produced 2.9 million tonnes of hot metal in 2025-26. Which of the statements given above are correct?
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Correct answer: D — 1, 2 and 3
All three are correct as stated by the Ministry of Steel.
Where was the Egmont Group Plenary held at which FIU-IND won runner-up in the Best Egmont Case Award 2026?
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Correct answer: B — Baku, Azerbaijan
The BECA 2026 was presented during the Egmont Group Plenary held in Baku, Azerbaijan.
How many member jurisdictions does the Egmont Group have, as stated in the FIU-IND release of July 2026?
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Correct answer: D — 182
FIU-IND's case was one of two finalists among submissions from the Egmont Group's 182 member jurisdictions.
Consider the following statements about FIU-IND's award-winning case at BECA 2026: 1. The case originated from intelligence shared by the Indian Cyber Crime Coordination Centre (I4C). 2. It involved cyber fraud proceeds of about ₹868 crore and more than 5,000 mule bank accounts. 3. The case won the top prize (winner) at BECA 2026. Which of the statements given above are correct?
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Correct answer: C — 1 and 2 only
Statements 1 and 2 are correct. Statement 3 is wrong: the FIU-IND case was adjudged the runner-up, not the winner.
IFSC GIFT City units were exempted in July 2026 from the licensing requirement under which section of the Coastal Shipping Act, 2025?
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Correct answer: C — Section 11
The exemption is from the licensing requirement under Section 11 of the Coastal Shipping Act, 2025 for chartering foreign vessels.
Before the July 2026 exemption, IFSC units needed a licence from which authority to charter foreign vessels under Section 11 of the Coastal Shipping Act, 2025?
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Correct answer: D — Director General of Shipping
The exemption removes the need for eligible IFSC units to obtain a licence from the Director General of Shipping.
In the 15th round of commercial coal block auctions (bids opened 10 July 2026), how many bids were received?
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Correct answer: B — 21
21 bids were received against 8 of the 23 coal blocks offered; 16 companies took part.
At the Destination Tripura Business Conclave 2026, which city did Jyotiraditya Scindia call a strategic gateway to Southeast Asia?
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Correct answer: D — Agartala
Scindia said Agartala is emerging as a strategic gateway to Southeast Asia, connecting businesses to the ASEAN region.
Where were the 13th AITIGA Joint Committee meetings held in July 2026?
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Correct answer: B — Vanijya Bhawan, New Delhi
India hosted the meetings at Vanijya Bhawan, New Delhi, from 6 to 10 July 2026.
An official from which ASEAN country co-chaired the 13th AITIGA Joint Committee meeting with India?
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Correct answer: C — Malaysia
The meeting was co-chaired by Ms Mastura Ahmad Mustafa of Malaysia's Ministry of Investment, Trade and Industry.
According to the Commerce Ministry, what was bilateral trade between India and ASEAN in 2025-26?
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Correct answer: A — USD 128 billion
Bilateral trade between India and ASEAN reached USD 128 billion in 2025-26; ASEAN is about 11% of India's global trade.
As of July 2026, the Unified Logistics Interface Platform (ULIP) integrates how many systems through how many APIs?
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Correct answer: D — 46 systems through 142 APIs
ULIP integrates 46 systems across 12 Central Ministries and Departments through 142 APIs.
NLDSL, which signed a ULIP MoU with Punjab in July 2026, is the logistics arm of which body?
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Correct answer: C — NICDC
NLDSL is NICDC Logistics Data Services Limited, the logistics arm of NICDC.
As of July 2026, how many guarantees had been issued under ECLGS 5.0?
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Correct answer: A — 4,11,497 guarantees worth ₹1,55,229 crore
Since launch, 4,11,497 guarantees worth ₹1,55,229 crore had been issued under ECLGS 5.0.
What guarantee coverage does ECLGS 5.0 give on additional loans to MSMEs?
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Correct answer: B — 100%
ECLGS 5.0 gives 100% guarantee cover on additional loans to MSMEs and 90% to other business segments.
Consider the following statements about ECLGS 5.0: 1. It was approved by the Union Cabinet on 5 May 2026. 2. MSMEs account for 98% of guarantees issued by number. 3. It gives 90% guarantee cover to MSMEs and 100% to other businesses. Which of the statements given above are correct?
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Correct answer: C — 1 and 2 only
Statements 1 and 2 are correct. Statement 3 reverses the figures: MSMEs get 100% cover and other businesses 90%.
To which destination did APEDA facilitate the export of Amrapali mangoes from Jharkhand in July 2026?
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Correct answer: D — Dubai
2 MT of Amrapali mangoes from Gumla and Deoghar were exported to Dubai for Lulu stores.
The orchards behind Jharkhand's July 2026 Amrapali mango export were developed under which scheme?
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Correct answer: B — Birsa Harit Gram Yojana
The orchards were developed by tribal women farmers under the Birsa Harit Gram Yojana, in convergence with MGNREGA.
Which rules did the Department of Consumer Affairs amend in July 2026 to ease verification of high-capacity weighing instruments?
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Correct answer: D — Legal Metrology (General) Rules, 2011
The Department amended the Legal Metrology (General) Rules, 2011.
After the 2026 amendment, what share of maximum capacity must standard weights cover before substitution, once a repeatability test is passed?
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Correct answer: B — 20% (one-fifth)
The requirement was reduced from 50% of maximum capacity to one-fifth (20%).
What export target did Piyush Goyal set for India's leather and footwear industry on 6 July 2026?
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Correct answer: A — At least USD 15 billion in five to six years
Goyal urged at least USD 15 billion in exports over the next five to six years, against about USD 4–4.5 billion now.
According to Piyush Goyal's statement of 6 July 2026, from which date does the India–UK FTA come into force?
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Correct answer: D — 15 July 2026
Goyal said the UK FTA would come into force on 15 July.
Who chaired MoSPI's Expert Committee on Energy Statistics, whose report was released on 6 July 2026?
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Correct answer: B — Dr Rangan Banerjee
The committee was chaired by Dr Rangan Banerjee, Director, IIT Delhi.
Which annual MoSPI publication did the Expert Committee on Energy Statistics review?
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Correct answer: A — Energy Statistics India
The committee comprehensively reviewed MoSPI's annual publication 'Energy Statistics India' and the energy statistics database.
How much crude steel did India produce in April–June 2026, according to the Steel Ministry?
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Correct answer: C — 42.1 Mt
Crude steel output was 42.1 Mt, up from 40.8 Mt in April–June 2025; 41.0 Mt is finished steel and 23.5 Mt hot metal.
In April–June 2026, what was India's trade position in finished steel?
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Correct answer: A — Net importer
Imports (about 2,063.9 thousand tonnes) exceeded exports (about 1,592.8 thousand tonnes), making India a net importer.
Who has been invited by UNCTAD to chair the Ninth Session of the Intergovernmental Group of Experts on Consumer Protection Law and Policy (6-8 July 2026)?
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Correct answer: A — Nidhi Khare
Nidhi Khare, Secretary, Department of Consumer Affairs, was invited by UNCTAD to chair the Ninth Session.
Which country's consumer protection law and policy will undergo a voluntary peer review at the Ninth Session of UNCTAD's IGE on Consumer Protection?
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Correct answer: C — Argentina
The session includes a voluntary peer review of Argentina's consumer protection law and policy.
The United Nations Guidelines for Consumer Protection, under which UNCTAD's IGE on Consumer Protection works, were first adopted by the UN General Assembly in which year?
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Correct answer: D — 1985
The Guidelines were first adopted by General Assembly resolution 39/248 in 1985, expanded by ECOSOC in 1999 and revised by resolution 70/186 on 22 December 2015.
How many vessels carrying fertilisers and fertiliser raw materials for India had safely crossed the Strait of Hormuz, as per the Department of Fertilizers on 5 July 2026?
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Correct answer: A — 15
A total of 15 vessels carrying fertilisers and fertiliser raw materials for India had safely crossed the Strait of Hormuz.
What was India's urea production in the first quarter (April-June) of FY 2026-27?
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Correct answer: C — 71.55 LMT
India produced 71.55 LMT of urea in April-June 2026 against a target of 67.86 LMT, beating it by 3.69 LMT.
Consider the following statements from the Department of Fertilizers update of 5 July 2026: 1. Natural gas supply to fertiliser plants has been restored to 100% after falling to nearly 65%. 2. Of the 15 vessels, 8 were carrying urea. 3. Only 5 Indian Missions abroad were involved in securing new supplies. Which of the statements given above are correct?
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Correct answer: B — 1 and 2 only
Gas supply was restored to 100% from nearly 65%, and 8 of the 15 vessels carried urea; 28 Indian Missions, not 5, played a role.