Business, Economy & Banking Current Affairs MCQs

Notes:
Recently, to tackle climate change risks, India is focusing on environmental disclosure frameworks like Business Responsibility and Sustainability Reporting (BRSR). BRSR is a mandatory reporting requirement for the top 1,000 listed companies in India. It was introduced by the Securities and Exchange Board of India (SEBI). The aim of BRSR is to promote sustainable business practices among companies. It requires companies to share information about their Environmental, Social, and Governance (ESG) performance in a transparent way.

Notes:
Recently, India sent its first-ever consignment of one metric tonne of rose-scented litchis to Qatar from Pathankot, Punjab. The Commerce Ministry called this a big achievement showing India’s strength in the global fresh fruit market. The Agricultural and Processed Food Products Export Development Authority (APEDA), with the Punjab Government and local farmers, supported this effort. Litchis, from the Sapindaceae family, are juicy fruits with sweet edible flesh, introduced to India from China over 300 years ago.

Notes:
Recently, the National Sample Survey Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI) launched the Government of India Statistics (GoIStats) mobile application on Statistics Day 2025. The GoIStats app aims to build a strong data ecosystem where everyone can easily access official data anytime. It has an interactive Key Trends dashboard showing important socio-economic indicators like Gross Domestic Product (GDP), inflation, and employment through dynamic visuals.

Notes:
In July 2025, India is exploring the use of Catastrophe Bonds (Cat Bonds) to improve disaster risk financing and climate resilience. Cat Bonds are hybrid financial instruments combining features of insurance and debt. They help governments transfer risks from natural disasters like cyclones, floods, and earthquakes to global investors. If a defined disaster occurs, investors lose part or all of their principal, which is used for relief and reconstruction. If no disaster occurs during the bond term, investors get back their full principal with high interest.

Notes:
Gujarat recorded 48.59 lakh tonnes of potato production in the 2024–25 season, including varieties for French fries and wafers. Gujarat is now the top producer of processed potatoes in India, followed by Uttar Pradesh and Punjab. Processed potato production in India grew from less than 1 lakh tonnes in 2004–05 to 11.50 lakh tonnes in 2024–25. Banaskantha, Sabarkantha, and Aravalli are Gujarat’s leading potato-growing districts, producing 38 lakh tonnes on 1.19 lakh hectares.

Notes:
Recently, the International Monetary Fund (IMF) recognized India as a global leader in fast payments through the Unified Payments Interface (UPI). In June 2025, UPI processed ₹24.03 lakh crore via 18.39 billion transactions, marking a 32% year-on-year growth from 13.88 billion transactions in June 2024. UPI now accounts for 85% of all digital transactions in India and nearly 50% of global real-time digital payments. It handles over 640 million transactions daily, surpassing Visa’s 639 million transactions per day. This scale was achieved in just 9 years, since UPI’s launch in 2016 by the National Payments Corporation of India (NPCI).

Notes:
Life Insurance Corporation of India (LIC) recently signed a Memorandum of Understanding (MoU) with the Department of Rural Development to promote Bima Sakhi Yojana in rural India. The MoU was signed during the financial inclusion conclave ‘Anubhuti’ held in Goa in July 2025. Bima Sakhi Yojana is a performance-based stipendiary scheme launched by Life Insurance Corporation of India (LIC) for women empowerment. Selected women receive training and monthly stipends for three years — ₹7,000 in the first year, ₹6,000 in the second, and ₹5,000 in the third. The scheme aims to appoint two lakh Bima Sakhis across India over the next three years.

Notes:
Recently, the Investor Education and Protection Fund Authority (IEPFA) launched the “Saksham Niveshak” campaign. It is a 100-day national drive running from 28th July to 6th November 2025. IEPFA works under the Ministry of Corporate Affairs. The campaign aims to help shareholders reclaim unclaimed dividends held by companies. It guides investors to update their Know Your Customer (KYC) and nomination details. Companies are encouraged to proactively contact shareholders to recover pending dividends.

Notes:
Recently, the United States (US) President announced a 25% tariff on all imports from India, effective from August 1, 2025. A separate penalty has also been imposed due to India’s continued purchase of Russian oil and military equipment. The US cited India’s high tariffs on American goods, calling them “among the highest in the world.” The US currently has a $40.8 billion trade deficit with India. India’s membership in BRICS, seen by the US as an anti-dollar group, is also a concern. A proposed Bilateral Trade Agreement (BTA) failed to materialize before the August 2025 deadline. The tariff move is viewed as a pressure tactic to speed up trade negotiations with India.

Notes:
Hindustan Zinc Limited (HZL) became the first Indian company to join the International Council on Mining and Metals (ICMM). ICMM is a UK-based collaborative group of leading mining and metals companies. It aims to boost the industry’s contribution to sustainable development and promote strong environmental and social performance. ICMM works with various stakeholders to improve understanding of the benefits, costs, risks, and responsibilities of the mining and metals industry in today’s world.