Economy Current Affairs Quiz — Last 7 days
Daily news by your exam, state and topic — each with a short summary, key facts and MCQs.
In the RoDTEP scheme, what does 'RoDTEP' stand for?
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Correct answer: B — Remission of Duties and Taxes on Exported Products
RoDTEP = Remission of Duties and Taxes on Exported Products; it refunds embedded duties and taxes on exports.
Up to which date was the RoDTEP scheme extended in October 2026?
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Correct answer: B — 31 December 2026
Notification No. 41/2026-27 (30 September 2026) extended RoDTEP up to 31 December 2026.
Component II of the RELIEF intervention for exporters offers ECGC cover with how much risk coverage?
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Correct answer: D — 95%
Component II encourages exporters to take ECGC cover for shipments to the specified regions with 95% risk coverage.
RELIEF, launched on 19 March 2026 for exporters, is a time-bound intervention under which mission?
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Correct answer: B — Export Promotion Mission
RELIEF is a time-bound intervention under the Export Promotion Mission (EPM).
The first two mineral blocks auctioned in the UT of Jammu & Kashmir (2026) are of which mineral?
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Correct answer: B — Limestone
Both blocks — Koot–Kapran and Wantrag — are limestone blocks.
The Koot–Kapran and Wantrag limestone blocks auctioned in 2026 are in which district of Jammu & Kashmir?
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Correct answer: B — Anantnag
Both blocks are in Anantnag district; Koot–Kapran is in Dooru tehsil.
What is the theme of the 5th Kautilya Economic Conclave (3–5 October 2026)?
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Correct answer: B — Resilience in an Age of Flux
KEC 2026 is being held under the theme 'Resilience in an Age of Flux'.
The Kautilya Economic Conclave is an initiative of which institution, in partnership with the Ministry of Finance?
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Correct answer: B — Institute of Economic Growth
The Kautilya Economic Conclave is an initiative of the Institute of Economic Growth (IEG), founded by Prof. V.K.R.V. Rao in 1952, with the Ministry of Finance.
Under the revised norms announced on 1 October 2026, what is the maximum sugar stock a dealer can hold (outside Kolkata and Assam) from 15 October to 30 November 2026?
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Correct answer: D — 1,000 quintals
A dealer shall not hold sugar stock exceeding 1,000 quintals; the limit is 2,000 quintals for Kolkata and Assam.
Consider the following statements about the sugar stock norms of October 2026: 1. A dealer cannot hold sugar for more than 15 days from receipt. 2. A higher limit of 2,000 quintals applies to Kolkata (with its extended metropolitan area) and Assam. Which of the above is/are correct?
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Correct answer: C — Both 1 and 2
The holding period is cut to 15 days, and Kolkata with its extended metropolitan areas and Assam get a 2,000-quintal limit.
The two offshore mineral blocks put up for auction by the Ministry of Mines on 1 October 2026 are located in which sea area?
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Correct answer: C — Andaman Sea
Sewell Rise-01 and West Sewell Ridge-01 are offshore blocks in the Andaman Sea.
The offshore blocks Sewell Rise-01 and West Sewell Ridge-01 (auctioned from October 2026) mainly contain:
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Correct answer: A — Polymetallic nodules and crusts
Both blocks contain polymetallic nodules and crusts hosting cobalt, nickel, manganese, copper and rare earth elements.
What is the MSP of wheat for Rabi Marketing Season 2027-28, approved by the Cabinet on 30 September 2026?
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Correct answer: D — ₹2,610 per quintal
Wheat MSP for RMS 2027-28 is ₹2,610 per quintal, up ₹25 from ₹2,585 in RMS 2026-27.
Which Rabi crop received the highest absolute increase in MSP for Marketing Season 2027-28?
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Correct answer: D — Safflower
The highest absolute increase was for safflower at ₹675 per quintal, followed by rapeseed & mustard at ₹413.
For Rabi Marketing Season 2027-28, the expected margin over the all-India weighted average cost of production is highest for which crop?
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Correct answer: A — Wheat
The expected margin is 106% for wheat, followed by 96% for rapeseed & mustard and 92% for lentil.
Consider the following statements about the Rabi MSP for 2027-28: 1. The MSP of barley was raised by ₹136 per quintal. 2. The MSP of gram is ₹5,958 per quintal. Which of the above is/are correct?
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Correct answer: C — Both 1 and 2
Barley MSP rose by ₹136 to ₹2,286, and gram MSP is ₹5,958 per quintal.
According to the Annual Survey of Industries 2024-25 (released September 2026), by how much did the Gross Value Added of the registered manufacturing sector grow?
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Correct answer: C — 9.59%
GVA grew by 9.59%; output grew 7.81%, employment 7.19% and fixed capital 10.54%.
As per ASI 2024-25, which state tops the list of the top five states in manufacturing employment?
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Correct answer: C — Tamil Nadu
The release lists Tamil Nadu, Maharashtra, Gujarat, Uttar Pradesh and Haryana as the top 5 states in employment, together over 56%.
According to the Quick Estimate released on 28 September 2026, what was India's IIP growth in August 2026?
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Correct answer: D — 8.0%
IIP grew 8.0% year-on-year in August 2026, up from 6.7% in July 2026.
Which sector of the IIP contracted in August 2026?
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Correct answer: A — Mining & Quarrying
Mining & Quarrying fell 5.6%, while Manufacturing (+9.0%), Electricity & Gas Supply (+12.3%) and Water Supply etc. (+6.3%) grew.
What is the base year of the Index of Industrial Production series used in the August 2026 Quick Estimate?
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Correct answer: D — 2022-23
The IIP Quick Estimate for August 2026 uses base 2022-23=100.
Consider the following statements about the IIP Quick Estimate for August 2026: 1. Electricity & Gas Supply recorded the highest sectoral growth. 2. The Quick Estimate of IIP is released on the 12th of every month. Which of the above is/are correct?
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Correct answer: A — 1 only
Statement 1 is correct: Electricity & Gas Supply grew 12.3%, the highest. Statement 2 is wrong: the Quick Estimate is released on the 28th of every month (or the next working day).
Where was the 14th meeting of the India–UAE High Level Joint Task Force on Investments held on 28 September 2026?
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Correct answer: D — Mumbai
The 14th HLJTFI was held in Mumbai, co-chaired by Piyush Goyal and Sheikh Hamed bin Zayed Al Nahyan.
The UAE co-chair of the India–UAE High Level Joint Task Force on Investments, Sheikh Hamed bin Zayed Al Nahyan, heads which institution?
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Correct answer: A — Abu Dhabi Investment Authority
Sheikh Hamed bin Zayed Al Nahyan is the Managing Director of the Abu Dhabi Investment Authority (ADIA).
Consider the following statements about the India–UAE High Level Joint Task Force on Investments: 1. It was established in 2013. 2. Its 14th meeting in 2026 was co-chaired by India's Finance Minister. Which of the above is/are correct?
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Correct answer: A — 1 only
Statement 1 is correct: the HLJTFI was set up in 2013. Statement 2 is wrong: the Indian co-chair was Commerce & Industry Minister Piyush Goyal.
To which date did CBDT extend the ITR due date for AY 2026-27 for persons subject to audit?
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Correct answer: C — 21 November 2026
The due date was extended from 31 October 2026 to 21 November 2026.
Consider the following statements about the CBDT decision of 28 September 2026: 1. The 'specified date' for the tax audit report was extended to 21 October 2026. 2. The extension applies to all individual taxpayers, including non-audit cases. Which of the above is/are correct?
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Correct answer: A — 1 only
Statement 1 is correct. Statement 2 is wrong: the extension applies only to persons subject to audit (Serial No. 2 of the Table below Explanation 2 to Section 139(1)).
Who will chair the Steel Industry Safety Council (SISC) announced by the Ministry of Steel in September 2026?
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Correct answer: B — Secretary, Ministry of Steel
The SISC will be headed by the Secretary, Ministry of Steel, as Chairman.
Consider the following statements about the Steel Industry Safety Council (2026): 1. It will be supported by a Steel Industry Safety Directorate (SISD). 2. Representatives of PESO and NDMA will be part of the Council. Which of the above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct: the SISD will provide technical support, and the Council includes representatives of DGMS, PESO and NDMA.
NMDC's 2 MTPA pellet plant commissioned in September 2026 is located at which place in Chhattisgarh?
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Correct answer: B — Nagarnar
The pellet plant is at Nagarnar, Bastar, linked by a 135 km slurry pipeline to Bacheli.
How long is the slurry pipeline in NMDC's ₹5,427 crore project, carrying iron ore concentrate from Bacheli to Nagarnar?
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Correct answer: C — 135 km
The 135 km, 15 MTPA slurry pipeline carries concentrate from Bacheli to Nagarnar instead of by road.
Consider the following statements about the NMDC project commissioned in 2026: 1. The pellet plant uses Straight Grate Induration technology. 2. It processes fines and slimes from the Bailadila mines. Which of the above is/are correct?
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Correct answer: C — Both 1 and 2
Both are correct as per the Ministry of Steel release.
What annual export target for 2030 did Piyush Goyal mention for Uttar Pradesh at the UP International Trade Show 2026?
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Correct answer: C — ₹5 lakh crore
UP aims to raise annual exports from about ₹2 lakh crore to ₹5 lakh crore by 2030.
The UP International Trade Show addressed by Piyush Goyal in September 2026 was held in which city?
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Correct answer: A — Greater Noida
The UP International Trade Show was held in Greater Noida.
The 11th Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB) was held on 28 September 2026 in which city?
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Correct answer: D — Doha
The 11th AIIB Annual Meeting was held in Doha, Qatar; Nirmala Sitharaman attended as India's Governor.
According to the Ministry of Finance, what is India's position among shareholders of the Asian Infrastructure Investment Bank?
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Correct answer: B — Second largest
India is the second largest shareholder of the AIIB.