1. National Affairs – India Economic & Banking Updates Indian Banking Sector Health Reserve Bank of India (RBI) stress tests indicate Indian banks are in the healthiest position in a decade, with strong capital buffers able to withstand extreme shocks and improved asset quality. Gross bad loans projected to decline to 1.9% by March 2027…
RELIGIOUS MOVEMENTS (Chapter 3 – Ancient Indian History) Introduction In 6th century BC, India witnessed emergence of several religious sects. This was primarily due to growing social and religious unrest within the varna-based society. Common people were tired of the complex as well as expensive rituals and sacrifices propagated in the later Vedic period. The…
Q1. According to the RBI’s Financial Stability assessment, what is the major systemic risk highlighted for the Indian financial sector in 2026? A. Rising inflation in rural marketsB. High exposure of banks to agriculture loansC. Tight financial linkages between banks and NBFCsD. Decline in foreign direct investment Correct Answer: C. Tight financial linkages between banks…
1. National Affairs — India Banking and Economy RBI Stress Test Report 2025: Reserve Bank of India (RBI) assessment shows Indian banks are currently the strongest in a decade, with a declining ratio of bad loans and adequate capital buffers to withstand severe financial stress; highlights improved asset quality and liquidity position after sustained monetary…
THE VEDIC PERIOD Introduction The period in which Aryans came to settle within the Indian subcontinent is known as Vedic period (or Vedic age). It is so because nearly all information about their lives comes from the Rig Veda. The word Arya has been used in this text 36 times. It indicates a cultural community….
Q1. What was India’s projected GDP growth rate for FY 2024–25 as reviewed by the Union Government? A) 6.5% B) 6.8% C) 7.1% D) 7.6% Correct Answer: C) 7.1% Q2. What was the fiscal deficit of India as a percentage of GDP in FY 2024–25? A) 6.1% B) 5.6% C) 5.2% D) 4.9% Correct Answer:…
National Affairs (India) Union Government Reviews Economic Performance of FY 2025 India’s GDP growth for FY 2024–25 projected at 7.1%, driven by manufacturing, infrastructure spending, and domestic consumption. Gross Tax Revenue crossed ₹34.8 lakh crore, reflecting improved GST and direct tax compliance. Fiscal deficit contained at 5.6% of GDP, aligning with medium-term fiscal consolidation targets….
THE INDUS VALLEY CIVILIZATION Introduction The remains of Indus Culture were first discovered at Harappa (West Punjab) and Mohenjodaro (Sindh). Both these sites are situated now in Pakistan. The findings in these two sites revealed that they were cities. This brought to light a civilization which was first referred to as the ‘Indus Valley Civilization’….
Q1. As of December 2025, India’s gross tax collections crossed which of the following figures? A. ₹21.5 lakh croreB. ₹22.9 lakh croreC. ₹23.8 lakh croreD. ₹25.2 lakh crore Correct Answer: C. ₹23.8 lakh crore Q2. By November 2025, UPI recorded more than how many transactions in a single month? A. 12 billionB. 13.5 billionC. 15…
National Affairs (India) Union Government Reviews FY 2025–26 Fiscal Position Gross tax collections crossed ₹23.8 lakh crore by December 2025, reflecting a year-on-year growth of approximately 13%. Direct tax collections contributed over 55% of total tax revenue, indicating improved compliance and widening of the tax base. Fiscal deficit stood close to 58% of the Budget…
