Business, Economy & Banking Current Affairs MCQs

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State Bank of India (SBI) received two awards from Global Finance, New York at the World Bank/IMF Annual Meetings 2025: World’s Best Consumer Bank 2025 and Best Bank in India 2025. The recognition highlights SBI’s commitment to innovation, financial inclusion, and customer excellence. SBI serves 520 million customers, adding 65,000 new customers daily. Its digital-first strategy includes the YONO platform, with over 9.04 crore registered users and 10 million daily active users. SBI is the largest commercial bank in India by assets, deposits, branches, and customers.

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Recently, Japan launched the world’s first yen-pegged stablecoin, named JPYC, marking a major step in digital finance. It is issued by the startup JPYC and is fully backed by Japanese Government Bonds (JGBs) and domestic savings. The coin is fully convertible to the yen and aims for widespread international use. JPYC plans to issue 10 trillion yen ($66 billion) worth of coins in three years. The aim is to promote innovation and reduce transaction costs for startups. Blockchain-based stablecoins enable faster, cheaper, and secure transactions. Dollar-pegged stablecoins currently dominate 99% of global supply, but Japan seeks diversification

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Recently, Hindustan Zinc Ltd (HZL) received a licence to explore and mine a tungsten block in Andhra Pradesh. Tungsten is a chemical element with the symbol W and atomic number 74. It is a naturally occurring transition metal found in minerals like wolframite and scheelite, not as a pure metal. It has the highest melting point of all metals at 3410 °C and the lowest vapor pressure at that temperature. It also has the highest tensile strength above 1650 °C and remains solid at room temperature.

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The Periodic Labour Force Survey (PLFS) showed overall unemployment for 15+ years stayed at 5.2% in October 2025. Urban unemployment rose to a three-month high of 7%, while rural unemployment dipped from 4.6% to 4.4%. Female unemployment fell slightly to 5.4%, driven by a rural decline from 4.3% to 4%. Male unemployment stayed stable at 5.1%, with rural dip offset by urban rise to 6.1%. Labour Force Participation Rate (LFPR) reached a six-month high of 55.4%, rising from 54.2% in June. Female workforce participation (LFPR 34.2%) and rural worker growth drove the increase in Worker Population Ratio (WPR 52.5%).

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The Central Board of Direct Taxes (CBDT) has launched the second “Non-intrusive Usage of Data to Guide and Enable (NUDGE)” initiative to strengthen voluntary compliance regarding foreign assets. The campaign focuses on correct reporting in Schedule Foreign Assets (FA) and Foreign Source Income (FSI) in Income Tax Returns (ITRs). The first NUDGE campaign (November 2024) led 24,678 taxpayers to disclose ₹29,208 crore in foreign assets and ₹1,089.88 crore in foreign-source income. CBDT receives foreign asset data under Common Reporting Standards (CRS) and Foreign Account Tax Compliance Act (FATCA) to identify discrepancies.

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The government launched a Credit Assessment Model (CAM) for Micro, Small & Medium Enterprises (MSMEs) to automate loan appraisal using digitally verifiable data. CAM provides objective decisioning for all loan applications and model-based limit assessment for Existing to Bank (ETB) and New to Bank (NTB) MSME borrowers. The Government, Reserve Bank of India (RBI), and National Payments Corporation of India (NPCI) promote digital payment transactions through schemes like RuPay Debit Card incentives, low-value BHIM-UPI (P2M), and Payments Infrastructure Development Fund (PIDF) for POS terminals and QR codes.

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Reserve Bank of India (RBI) has listed State Bank of India (SBI), HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs) for 2025. The three banks continue under the same bucketing structure as the previous year. D-SIBs are banks whose failure can severely affect the financial system and national economy. They are considered “too big to fail” due to size, interconnectedness, and critical banking role. RBI identifies D-SIBs based on systemic importance. D-SIBs must maintain additional CET1 capital above regular norms. Banks are categorized into buckets depending on their systemic criticality.

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Fino Payments Bank became the first payments bank to receive in-principle approval from Reserve Bank of India (RBI) to convert into a Small Finance Bank (SFB). This approval allows Fino to accept larger deposits and offer loans and credit to individuals and small businesses. Fino applied under RBI’s “on tap” licensing guidelines for private sector SFBs. Payments banks can apply for SFB status after completing five years of operations and meeting regulatory norms. Fino started as a payments bank in 2017 and applied nearly two years ago for conversion. Fino plans to start lending within one year after approval. It serves over 16 million customers through more than 2 million merchants.

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IIT Bombay’s Society for Innovation and Entrepreneurship (SINE) has launched India’s first incubator-linked deep-tech venture capital fund, named the Y-Point Venture Capital Fund, with a total corpus of ₹250 crore. The fund aims to provide early-stage risk capital to India’s deep-tech startups, especially those emerging from IIT Bombay and other top research institutions across the country. It will invest in pre-seed and seed-stage companies, helping them translate cutting-edge research into commercially viable technologies. The fund plans to support 25–30 startups, offering investments of up to ₹15 crore to each selected company.

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The government has launched a nationwide campaign ‘Your Money, Your Right’ to help citizens reclaim unclaimed financial assets such as bank deposits, insurance proceeds, dividends, shares, mutual funds and pensions. The campaign began on October 4, 2025, and aims to return dormant financial assets to their legitimate owners through simplified, district-level support mechanisms. Between October and November 2025, citizens successfully reclaimed around ₹2,000 crore of unclaimed funds. From October to December 5, 2025, dedicated camps were organised in 477 districts, involving public representatives, district administrations and financial institution officials.