1. What is the current repo rate maintained by the Reserve Bank of India (RBI) as of March 2026? A) 6.25%B) 6.50%C) 6.75%D) 7.00% Answer: B) 6.50% 2. What is the GDP growth forecast for India for FY 2025–26 as per latest estimates? A) 6.2%B) 6.5%C) 6.8%D) 7.2% Answer: C) 6.8% 3. What is the…
🇮🇳 National News & Government Initiatives Union Government expands Digital Public Infrastructure (DPI) integration Ministry of Electronics & IT announced expansion of digital public infrastructure to include agriculture supply chain platforms. Aim: improve farmer access to credit, insurance, and market prices. DPI ecosystem already includes Aadhaar, UPI, DigiLocker and ONDC. National Green Hydrogen Mission receives…
📝 Q1. India was placed on the United Nations Honour Roll for 2026 due to which reason? A. Highest peacekeeping contributionB. Hosting UN Climate SummitC. Timely payment of UN annual duesD. Election to the UN Security Council ✅ Answer: C. Timely payment of UN annual dues Q2. Under the revised India–US trade understanding, the average…
Q1. According to the IMF’s latest forecast, what is India’s projected GDP growth rate for FY 2025–26? A. 6.8%B. 7.0%C. 7.3%D. 7.8% Correct Answer: C. 7.3% Q2. Who was elected unopposed as the National President of the Bharatiya Janata Party in January 2026? A. J. P. NaddaB. Amit ShahC. Dharmendra PradhanD. Nitin Nabin Correct Answer:…
📰 Key National Developments The Reserve Bank of India (RBI) slashed its key repo rate by 25 basis points to 5.25%, marking the fifth rate cut in 2025 and bringing cumulative easing to 125 basis points. Along with the rate cut, RBI announced enhanced liquidity support — up to US$ 16 billion — to sustain…
1. Banking & Financial Sector The Reserve Bank of India (RBI) released data for October 2025 showing that bank credit growth decelerated to 11.3% year-on-year while deposit growth rose to 9.7% year-on-year. Total bank credit outstanding as of 31 October stood around ₹193.9 lakh crore and total deposits about ₹241.7 lakh crore – signalling a…
1. Which cyclone made landfall near Kakinada, Andhra Pradesh, causing heavy rainfall and strong winds? A) Cyclone NisargaB) Cyclone MonthaC) Cyclone FaniD) Cyclone AmphanAnswer: B) Cyclone Montha Explanation: Cyclone Montha hit the eastern coast of India near Kakinada with wind speeds up to 110 km/h, leading to widespread damage and transportation disruptions. 2. How many…
1. India – Economic & Financial News India’s foreign exchange reserves rose by approximately US $4.496 billion in the week ending 17 October 2025, taking the total to about US $702.28 billion. The rise was largely driven by a sharp increase in gold holdings (up by over US $6 billion), while foreign currency assets (FCAs)…
1. National Affairs Mumbai Metro Line-3 Phase-2B Inauguration Prime Minister inaugurated Phase 2B (final stretch) of the Mumbai Metro Line-3 (Aqua Line), covering the segment from Acharya Atre Chowk to Cuffe Parade. Designed under a Public-Private Partnership (PPP) model with Adani Airports (AAHL) and CIDCO. This completion enhances connectivity along the South Mumbai corridor, easing…
1. Banking & Financial Reforms From 4 October 2025, the Reserve Bank of India (RBI) introduces a real-time cheque clearing mechanism. Cheques will now be cleared within hours (10:00 AM to 4:00 PM) via continuous settlement, replacing the batch-based system which used to take 1–2 business days. Banks will need to confirm cheque authenticity by…
