Current Affairs, Banking Awareness & Competitive Exam Preparation
📝 Q1. What is India’s fiscal deficit target for FY26? a) 4.2% of GDPb) 4.4% of GDPc) 4.6% of GDPd) 5% of GDPAnswer: b) 4.4% of GDP Q2. How much has the Government of India planned to borrow in FY26? a) ₹12.5 lakh croreb) ₹13.8 lakh crorec) ₹14.82 lakh crored) ₹15.5 lakh croreAnswer: c) ₹14.82…
1. National News Borrowing Plan & Fiscal Deficit The Government of India has decided to keep its market borrowing plan unchanged for the second half of FY26 (October 2025 to March 2026). Total borrowings for FY26 are set at ₹14.82 lakh crore, with ₹6.8 lakh crore earmarked for H2. Fiscal deficit target remains at 4.4%…
🎯 Q1. GST 2.0 was officially rolled out in India on which date? a) 20 September 2025b) 21 September 2025c) 22 September 2025d) 23 September 2025Answer: c) 22 September 2025 Q2. Under GST 2.0, the new standard rate slabs for most goods and services are: a) 5% & 12%b) 5% & 18%c) 12% & 28%d)…
Key Updates (Point-Wise) National & Economic Affairs Launch of GST 2.0 Effective from 22 September 2025, the Indian government has launched a major reform in the Goods and Services Tax called GST 2.0. Simplifies multiple rate slabs; a two-slab structure (5% & 18%) for most goods/services, with special rates for luxury or sin goods. Removal…
Q1. Prime Minister Narendra Modi will participate in the 4th Quad Leaders’ Summit in which city of the USA?a) New Yorkb) Wilmington, Delawarec) Washington DCd) ChicagoAnswer: b) Wilmington, Delaware Q2. Which global forum will PM Modi address during his USA visit from 21-23 September 2025?a) IMF Annual Meetb) World Bank Development Forumc) United Nations General…
A. National News (India) PM Modi to attend Quad Leaders’ Summit and address UNGA Prime Minister of India to visit USA from 21-23 September 2025. He will participate in the 4th Quad Leaders’ Summit in Wilmington, Delaware. Also to address the United Nations General Assembly (UNGA) during this visit. RBI directives on banking charges reduction…
Q1. Which bank has recently been authorised by RBI to collect GST payments? a) ICICI Bankb) DBS Bank Indiac) Axis Bankd) HDFC BankAnswer: b) DBS Bank India Q2. Where was India’s first PM MITRA Park inaugurated by PM Modi on 20 September 2025? a) Surat, Gujaratb) Bhainsola, Madhya Pradeshc) Coimbatore, Tamil Nadud) Panipat, HaryanaAnswer: b)…
Key National Events DBS Bank India authorised to collect GST payments Reserve Bank of India (RBI) has granted authorisation to DBS Bank India (a wholly-owned subsidiary of DBS) to act as an Agency Bank for Goods & Services Tax (GST) payments. DBS Bank India becomes the first wholly-owned foreign subsidiary to get this authority. Businesses…
📝 Current Affairs & GK Quiz – 19.09.2025 Q1. What is the last date for central government employees to opt for the Unified Pension Scheme (UPS) from NPS?a) 15 September 2025b) 30 September 2025c) 31 October 2025d) 01 April 2026Answer: b) 30 September 2025 Q2. Which government launched the Unified Pension Scheme (UPS)?a) Ministry of…
Important National News Unified Pension Scheme (UPS) Deadline Approaching The Union Finance Ministry has set 30th September 2025 as the final date for eligible central government employees and past retirees under the National Pension System (NPS) to opt for the Unified Pension Scheme (UPS). Employees who remain in NPS after this deadline will no longer…
