National Affairs (India) Union Government Reviews Fiscal Consolidation Roadmap The Ministry of Finance reaffirmed its commitment to reduce the fiscal deficit to below 4.5% of GDP by FY 2026. Gross tax revenue collection for FY 2025–26 (till November 2025) crossed ₹21.4 lakh crore, reflecting steady growth in GST and direct taxes. Capital expenditure focus remains…
1. The RBI recently reduced the repo rate by how many basis points in its latest monetary policy? A. 10 bpsB. 15 bpsC. 25 bpsD. 50 bpsAnswer: C. 25 bps 2. After the recent market movements, the Indian rupee weakened to approximately what level against the US dollar? A. ₹88.50B. ₹89.25C. ₹90.07D. ₹91.10Answer: C. ₹90.07…
📝 (MCQs with Answers) 1. Who has been appointed as the new Executive Director of the Reserve Bank of India (RBI) effective 1 December 2025? A. Dr. Michael PatraB. CA Usha JanakiramanC. M. Rajeshwar RaoD. R. Lakshmi PriyaAnswer: B. CA Usha Janakiraman 2. The IMF has reclassified India’s exchange-rate regime to which of the following…
International News World Court Climate Change Advisory Opinion The International Court of Justice (ICJ) delivered a landmark advisory opinion on 23.07.2025, declaring climate change an “urgent and existential threat” The court stated that countries failing to protect the planet from climate change could violate international law Judge Yuji Iwasawa emphasized that greenhouse gas emissions are…
