Q1. Who presented the Union Budget 2026–27 in Parliament? A. Amit ShahB. Nirmala SitharamanC. Rajnath SinghD. Piyush Goyal ✅ Answer: B. Nirmala Sitharaman Q2. What is the fiscal deficit target set for FY 2026–27 in the Union Budget? A. 5.1% of GDPB. 4.8% of GDPC. 4.3% of GDPD. 3.9% of GDP ✅ Answer: C. 4.3%…
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:…
1. National Affairs (India) The Government of India intensified nationwide observance of National Startup Week 2026, focusing on deep-tech, defence manufacturing, fintech innovation, and agritech adoption. The Ministry of Road Transport and Highways announced the completion milestone of over 1,000 km of access-controlled expressways under Bharatmala Phase-I during FY 2025–26. The Ministry of Education expanded…
Q1. Which institution signed an MoU with the Government of NCT of Delhi to manage its banking and public debt operations effective January 2026? A. State Bank of IndiaB. Ministry of FinanceC. Reserve Bank of IndiaD. NITI Aayog Answer: C. Reserve Bank of India Q2. The RBI–Delhi MoU primarily aims to improve which of the…
National Affairs (India) Union Government Approves Revised Green Hydrogen Mission Targets The National Green Hydrogen Mission target has been revised to 7 million metric tonnes per annum by 2030, up from the earlier 5 MMT target. Total outlay under the mission now stands at ₹23,500 crore. The mission aims to reduce carbon emissions by nearly…
National Affairs Union Cabinet Approvals The Union Cabinet approved the National Digital Payments Expansion Programme 2026, aimed at increasing UPI penetration in Tier-3, Tier-4 cities and rural India. Target: 10 billion monthly digital transactions by December 2026. Nodal Ministry: Ministry of Finance in coordination with NPCI. India’s Fiscal Deficit Update India’s fiscal deficit for April–November…
National Affairs 1. Union Government Pushes Fiscal Discipline Ahead of Union Budget 2026 The Union Ministry of Finance reaffirmed commitment to fiscal consolidation with a medium-term target to reduce the fiscal deficit below 4.5% of GDP by FY 2026–27. Capital expenditure allocation for infrastructure is expected to remain above ₹11 lakh crore, focusing on railways,…
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….
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…
National Affairs (India) The Government of India approved the National Digital Agriculture Mission (NDAM) Expansion Phase with an additional outlay of ₹9,800 crore, aiming to onboard 6 crore farmers onto AI-based advisory platforms by 2027. The Ministry of Road Transport and Highways inaugurated 12 new National Highway stretches across Uttar Pradesh, Madhya Pradesh, and Maharashtra,…
