Current Affairs

GK MCQs Section

Page-15 of Economy & Banking Current Affairs

Income Inequality Trends in India 2023

Recent analysis reveals changes in income inequality in India, particularly following the challenges posed by the Covid-19 pandemic. A working paper from the People Research on India’s Consumer...

January 7, 2025

RBI Mandates 15-Day Credit Score Updates

As of January 1, 2025, the Reserve Bank of India (RBI) has implemented regulation requiring lenders to update credit bureau records every 15 days. This change aims to...

January 7, 2025

NYC Launches Congestion Pricing Initiative

In January 2025, New York City became the first city in the United States to implement congestion pricing. This initiative aims to alleviate traffic congestion in densely populated...

January 7, 2025

Why Rupee Fell to Record Low

In December 2024, the Indian rupee reached a record low of 85.81 against the U.S. dollar. This decline marked a 3% depreciation over the year, continuing a long-term...

January 6, 2025

CCI Sets New Standards in M&A Regulations

The Competition Commission of India (CCI) has made strides in regulatory efficiency, particularly in the realm of mergers and acquisitions (M&A). The Annual Report for FY 2023-24 revealed...

January 4, 2025

Rising Costs of Drug-Resistant Infections

Drug-resistant infections present challenge to healthcare systems. A recent study by the Indian Council of Medical Research (ICMR) reveals that these infections not only prolong hospital stays but...

January 4, 2025

Ramesh Chand Committee Set Up to Update WPI Base Year

The Government of India has established a committee to update the base year for the Wholesale Price Index (WPI), aiming to enhance the accuracy of factory-gate inflation measures....

January 3, 2025

India Updates GDP Base Year to 2022-23

The Government of India has recently decided to update the base year for calculating Gross Domestic Product (GDP) from 2011-12 to 2022-23. This change aims to provide a...

January 3, 2025

Banks’ Profitability Rises for 6th Consecutive Year in FY24: RBI Report

Indian banks have reported improvements in their financial performance during the 2023-24 fiscal year. The Reserve Bank of India (RBI) has noted a notable decrease in bad loans...

December 30, 2024

India-Australia Trade Agreement Celebrates Two Years

The India-Australia Economic Cooperation and Trade Agreement (ECTA) has marked its second anniversary and has strengthened the economic ties between India and Australia. The Government of India aims...

December 30, 2024

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