Business, Economy & Banking Current Affairs MCQs

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Unified Payments Interface (UPI) usage intensity is highest in Telangana, followed by Karnataka, Andhra Pradesh, Delhi, and Maharashtra, as per a Reserve Bank of India (RBI) bulletin. The study used PhonePe transaction data, covering 58% of UPI volume and 53% of total transaction value, as a proxy for UPI intensity. The rise of UPI is reducing cash demand, reflected in declining ATM cash withdrawals as a percentage of GDP. Most peer-to-merchant (P2M) transactions are low-value, under ₹500, and the average ticket size is decreasing. High UPI usage is linked to urban centres, economic hubs, and migration-driven employment.

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In October 2025, Lxme, India’s leading financial platform for women, has launched LxmePay, the country’s first Unified Payments Interface (UPI) exclusively for women. LxmePay aims to turn everyday transactions into smart financial opportunities for women. While UPI is fast and convenient, it often leads to overspending and loss of tracking. LxmePay solves this by offering Digital Gold Rewards, earning gold on every transaction, including money received from other users. Features include Expense Tracker, Bill Payments, and exclusive deals on women’s brands for seamless money management. It empowers women to spend smartly, budget, save, and invest.

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DBS Bank has been named “Safest Bank in Asia 2025”, marking its 17th consecutive year receiving this recognition. The bank also retained 2nd position in the World’s 50 Safest Commercial Banks list. Rankings are based on long-term foreign currency ratings from Fitch, Moody’s, and Standard & Poor’s of the 500 largest global banks. DBS’ recognition reflects solid financial performance, strong risk management, governance, and a robust balance sheet. In turbulent economic conditions—tariffs, interest rate changes, and technological disruptions—DBS provides stability and trust to customers.

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The World Trade Organization (WTO) recently praised India’s liberalised Authorised Economic Operator (AEO) programme for boosting participation of Micro, Small, and Medium Enterprises (MSMEs) in international trade. The AEO programme operates under the World Customs Organisation (WCO) SAFE Framework of Standards to secure and facilitate global trade. WCO adopted the SAFE Framework in June 2005 to strengthen international supply chain security. AEO is one of the three pillars of the SAFE Framework and promotes customs–trade partnership. It was launched by the Central Board of Indirect Taxes and Customs (CBIC) as a pilot in 2011 and revised in 2016. It is implemented by the Directorate of International Customs under CBIC.

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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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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 Ministry of Statistics and Programme Implementation launched the National Industrial Classification (NIC) 2025 during the 75th anniversary of the National Sample Survey Office (NSSO) in Udaipur. NIC-2025 is a new six-digit system replacing the five-digit NIC-2008 to classify all economic activities in India. It updates earlier versions from 1962 to reflect India’s changing economy and aligns with the United Nations International Standard Industrial Classification (ISIC) Revision-5. It adds new sectors like cloud services, blockchain, renewable energy, waste management, platform services, and AYUSH. It also includes new classes for logistics, real estate, food services, and environmental remediation.

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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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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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Oman introduced its first polymer one-rial banknote, to start circulation on 11 January 2026. It is issued by the Central Bank of Oman, replacing traditional cotton-based notes with durable polymer for longer life and better security. The note size is 145 × 76 mm and showcases Oman’s cultural and economic identity. Front side features the Oman Botanic Garden, symbolising commitment to natural heritage. Rear side shows Sayyid Tariq bin Taimur Cultural Complex, Duqm Port and Refinery, highlighting cultural and economic progress. The polymer notes will circulate alongside existing one-rial notes and remain legal tender.