SF Prep

Economy Current Affairs Quiz — Last 6 months

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

7 days 1 month 3 months 6 months 12 months All
435 news · 1055 MCQs
Score: 0 / 0 attempted · 36 questions
Retail inflation at 3.40% in March 2026 on the new CPI base 2024=100
Q1

What was the All India CPI (Combined) inflation rate for March 2026 (provisional), on base year 2024?

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Correct answer: B — 3.40%

Combined CPI inflation was 3.40%; 3.21% was February, 3.87% food inflation and 3.63% rural inflation.

Q2 Advanced

The CPI data released by MoSPI on 13 April 2026 for March 2026 uses which base year?

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Correct answer: D — 2024

The release is for the Consumer Price Index on base 2024=100.

Q3 Advanced

Which item recorded the highest year-on-year inflation at the All India combined level in March 2026 (CPI base 2024)?

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Correct answer: A — Silver jewellery

Silver jewellery topped at 148.61%, followed by gold/diamond/platinum jewellery (45.92%), copra (45.52%) and tomato (35.99%).

Labour Ministry signs MoUs with Porter and Gigin to expand jobs on the National Career Service portal
Q4

Under its MoU with the Labour Ministry, Porter aims to generate how many logistics and driving opportunities by 2030?

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Correct answer: D — Over 30 lakh

Porter targets the creation of over 30 lakh opportunities by 2030.

Q5 Advanced

According to the Labour Minister in April 2026, roughly how many establishments are registered on the National Career Service portal?

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Correct answer: C — 59 lakh

Nearly 59 lakh establishments have registered on NCS; 7 lakh is the number of active vacancies.

Seafood Exporters Meet 2026: exports rise to about ₹68,000 crore
Q6

According to the Fisheries Minister at the Seafood Exporters Meet 2026, India's seafood exports this year are approximately:

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Correct answer: D — ₹68,000 crore

Exports grew from ₹62,000 crore last year to about ₹68,000 crore this year.

Q7 Advanced

Consider the following statements about India's seafood exports as stated at the Seafood Exporters Meet 2026: 1. Growth was driven largely by strong performance in non-US markets. 2. The net increase over last year was about ₹6,000 crore. Which of the statements given above is/are correct?

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Correct answer: C — Both 1 and 2

Both statements are correct as per the Ministry of Fisheries, Animal Husbandry and Dairying.

Mineral Concession rules amended to set ASP for haematite iron ore below threshold, including BHQ and BHJ
Q8

What is the notified threshold value for haematite iron ore, below which mined material can be discarded as waste?

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Correct answer: C — 45% Fe (min.)

The notified threshold value for haematite iron ore is 45% Fe (min.).

Q9 Advanced

Under the Mineral Concession (Third Amendment) Rules, 2026, the average sale price of haematite iron ore of 35% to below 45% Fe grade will be what percentage of the ASP of the 45% to below 51% Fe grade?

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Correct answer: B — 75%

For 35% to below 45% Fe, the ASP is 75% of the ASP of the 45% to below 51% Fe grade; for below 35% Fe, it is 50%.

Q10 Advanced

Consider the following statements about the April 2026 amendment to the Mineral Concession rules: 1. Banded Haematite Quartzite (BHQ) and Banded Haematite Jasper (BHJ) are covered by the new ASP methodology. 2. If processing of run-of-mine lowers its economic value, royalty is charged on lumps and fines after initial screening of unprocessed run-of-mine. Which of the statements given above is/are correct?

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Correct answer: C — Both 1 and 2

Both statements are correct as per the Ministry of Mines.

MoSPI releases first pilot study in decades on unincorporated construction sector
Q11 Advanced

According to MoSPI's April 2026 pilot study, about how many households undertook own-account construction for their own use during the 365-day reference period?

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Correct answer: B — 98.54 lakh

An estimated 98.54 lakh households undertook own-account construction; 10.27 lakh is the number of unincorporated construction agencies.

Q12 Advanced

Consider the following statements about MoSPI's pilot study on unincorporated construction: 1. About 77% of unincorporated construction agencies engaged at least one hired worker on a fairly regular basis. 2. Nearly 23% of rural households doing own-account construction availed institutional funding. Which of the statements given above is/are correct?

Show answer

Correct answer: C — Both 1 and 2

Both statements are correct as per MoSPI.

Ministry of Cooperation holds 7th National Review Conference in Varanasi
Q13

The Ministry of Cooperation's 7th National Review Conference, held on 9–10 April 2026, took place in:

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Correct answer: A — Varanasi

The conference was held in Varanasi, Uttar Pradesh.

Q14 Advanced

At the 7th National Review Conference of the Ministry of Cooperation in April 2026, which body outlined expanded financing support for FPOs, fisheries and emerging cooperative sectors?

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Correct answer: C — National Cooperative Development Corporation

The NCDC outlined expanded financing support for FPOs, fisheries and emerging cooperative sectors.

FIU-IND and I4C sign MoU to fight cyber fraud and financial crimes
Q15

The Financial Intelligence Unit-India (FIU-IND) signed an MoU announced on 9 April 2026 with which body to combat cyber fraud and financial crimes?

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Correct answer: C — Indian Cyber Crime Coordination Centre (I4C)

The Finance Ministry said FIU-IND and the Indian Cyber Crime Coordination Centre (I4C) signed the MoU.

Q16 Advanced

Consider the following statements: 1. The Indian Cyber Crime Coordination Centre (I4C) is an attached office of the Ministry of Finance. 2. FIU-IND is the central national agency for receiving, processing, analysing and disseminating information on suspect financial transactions. Which of the statements given above is/are correct?

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Correct answer: B — 2 only

Statement 1 is wrong: I4C is an attached office of the Ministry of Home Affairs. Statement 2 is correct as per the Finance Ministry release.

DRI busts gold smuggling syndicate at Mumbai airport in Operation Dhahabu Blitz
Q17

Under which operation did the DRI seize about 29.37 kg of gold from 24 women carriers at Mumbai airport in April 2026?

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Correct answer: D — Operation Dhahabu Blitz

The Finance Ministry said the 24 foreign nationals were intercepted under Operation Dhahabu Blitz.

Q18 Advanced

The women carriers intercepted in Operation Dhahabu Blitz at Mumbai airport had arrived from which city?

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Correct answer: B — Nairobi

The DRI said the group of female carriers was arriving from Nairobi.

Rare earth magnet scheme draws 25+ firms to pre-bid meeting; bids due 28 May
Q19

What is the outlay of the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets?

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Correct answer: B — ₹7,280 crore

The Ministry of Heavy Industries said the scheme has an outlay of ₹7,280 crore.

Q20 Advanced

Consider the following statements about the rare earth permanent magnet scheme: 1. The government will select a maximum of five entities through bidding. 2. Each selected entity can set up facilities of up to 1,200 MTPA, adding up to a maximum of 6,000 MTPA. Which of the statements given above is/are correct?

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Correct answer: C — Both 1 and 2

Both are correct: MHI said at most five entities will be selected, each with up to 1,200 MTPA, for a total of up to 6,000 MTPA.

Q21 Advanced

The rare earth permanent magnet facilities sought under the ₹7,280 crore scheme are for which type of magnet?

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Correct answer: D — Sintered NdFeB

The RFP is for integrated sintered NdFeB (neodymium–iron–boron) rare earth permanent magnet manufacturing facilities.

Saraswat Cooperative Bank and Amul cross ₹1 lakh crore turnover in 2025–26
Q22

Which two cooperatives were congratulated by Amit Shah on 7 April 2026 for crossing ₹1 lakh crore annual turnover in 2025–26?

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Correct answer: A — Saraswat Cooperative Bank and Amul

The Ministry of Cooperation said Shah congratulated Saraswat Cooperative Bank and Amul.

Q23 Advanced

In which financial year did Saraswat Cooperative Bank and Amul cross ₹1 lakh crore in annual turnover, as per the Ministry of Cooperation?

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Correct answer: B — 2025–26

Amit Shah's message refers to crossing the ₹1 lakh crore annual turnover mark in 2025–26.

CCI orders 17 firms to stop bid-rigging in Assam Police Housing tenders
Q24 Advanced

The CCI case on bid-rigging in Assam Police Housing Corporation's electrification tenders arose from a complaint by which office?

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Correct answer: C — Office of the Accountant General (Audit), Assam

CCI said the proceedings arose out of a complaint dated 10 August 2020 from the Office of the Accountant General (Audit), Assam.

Q25 Advanced

In its order of 7 April 2026 on the Assam Police Housing tenders, the CCI found the parties in violation of which provision of the Competition Act, 2002?

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Correct answer: D — Section 3(3)(d) read with Section 3(1)

CCI found bid-rigging in violation of Section 3(3)(d) read with Section 3(1), and issued its cease-and-desist direction under Section 27.

Q26 Advanced

Consider the following statements about the CCI order of 7 April 2026: 1. The cease-and-desist direction was issued under Section 27 of the Competition Act, 2002. 2. The tenders in question were floated by the Assam Public Works Department. 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: the tenders were invited by the Assam Police Housing Corporation Limited.

NSO launches first-ever Annual Survey of Incorporated Services Sector Enterprises
Q27

Which body launched the first-ever Annual Survey of Incorporated Services Sector Enterprises (ASISSE) in April 2026?

Show answer

Correct answer: D — National Statistics Office, MoSPI

MoSPI said the National Statistics Office (NSO) launched the first-ever ASISSE.

Q28 Advanced

Which database is used as the sampling frame for the Annual Survey of Incorporated Services Sector Enterprises (ASISSE)?

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Correct answer: B — GSTN database

MoSPI said the survey uses the GSTN database as its sampling frame.

Q29 Advanced

Consider the following statements about ASISSE: 1. Its reference period is the financial year 2024-25. 2. It covers unincorporated non-agricultural enterprises, which were earlier covered by the Annual Survey of Industries. 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: ASISSE covers incorporated enterprises (companies and LLPs); unincorporated enterprises are covered by ASUSE, and the ASI covers registered manufacturing.

GeM crosses ₹18.4 lakh crore cumulative GMV
Q30

What cumulative Gross Merchandise Value (GMV) did the Government e Marketplace (GeM) report on 6 April 2026?

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Correct answer: A — ₹18.4 lakh crore

The Commerce Ministry said GeM achieved a cumulative GMV of ₹18.4 lakh crore; over ₹5 lakh crore was in 2025-26 alone.

Q31 Advanced

What share of total orders on GeM in 2025-26 was executed by Micro and Small Enterprises (MSEs)?

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Correct answer: B — 68%

The ministry said MSEs executed 68% of total orders, accounting for 47.1% of GMV.

Department of Social Justice posts highest-ever spending of ₹11,810.82 crore in 2025-26
Q32

What was the Department of Social Justice and Empowerment's highest-ever expenditure in 2025-26?

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Correct answer: A — ₹11,810.82 crore

Dr Virendra Kumar said the department spent ₹11,810.82 crore in 2025-26; ₹10,409 crore was the 2024-25 figure.

Q33 Advanced

By roughly what percentage did the Department of Social Justice and Empowerment's expenditure grow in 2025-26 over 2024-25?

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Correct answer: C — Nearly 14%

The ministry said the increase was nearly 14% over the ₹10,409 crore spent in 2024-25.

India's marine product exports reach ₹62,408 crore in 2024-25
Q34

What was the value of India's marine product exports in 2024-25, as per the Department of Fisheries?

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Correct answer: D — ₹62,408 crore

The department said marine exports rose to ₹62,408 crore in 2024-25; ₹43,334 crore was the shrimp component and ₹30,213 crore the 2013-14 figure.

Q35 Advanced

Which country was the largest destination for India's seafood exports in 2024-25?

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Correct answer: A — United States

The United States accounted for 36.42% of total export value in 2024-25.

Q36 Advanced

What was India's fish production in 2024-25, according to the Department of Fisheries?

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Correct answer: B — 197.75 lakh tonnes

Fish production rose from 141.64 lakh tonnes in 2019-20 to 197.75 lakh tonnes in 2024-25.