Business, Economy & Banking Current Affairs MCQs

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Recently, the Reserve Bank of India (RBI) involved major public and private sector banks to develop the Digital Payment Intelligence Platform (DPIP) as a Digital Public Infrastructure (DPI). The Digital Payment Intelligence Platform (DPIP) is an initiative of the Reserve Bank of India (RBI). It aims to improve fraud risk management by allowing real-time sharing and collection of intelligence to stop fraudulent digital transactions. The Reserve Bank Innovation Hub (RBIH) is building a prototype with 5–10 banks. DPIP will use advanced technologies to control payment-related frauds.

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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.

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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.

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From July 16, 2025, the central government made it mandatory for departments and ministries to process payments above ₹75 crore via the e-Kuber system. The aim is to increase transparency and speed up fund reconciliation. This move will help provide real-time data on government spending and improve tracking of payments to vendors and contractors. E-Kuber is the Core Banking Solution (CBS) of the Reserve Bank of India (RBI), launched in 2012. It enables commercial banks to access their RBI accounts anytime and from anywhere.

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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.

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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).

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India ranks second in global fish production, after China. Union Minister of Fisheries and Animal Husbandry stated this at a recent programme in Kolkata. Fish production in India rose by 103% in 2024–25 compared to 2013–14. Inland fisheries contribute nearly 75% of total fish production in India. Fisheries sector forms 1.12% of national Gross Value Added (GVA) and 7.26% of agricultural GVA. Around 30 million people are involved in the fisheries value chain. Union Budget 2025–26 proposed the highest ever financial support for fisheries sector.

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As reported by the Federation of Indian Export Organisations (FIEO), Gujarat remained India’s top exporting state in 2024–25 with outbound shipments totaling ₹9.83 lakh crore, representing 26.6% of the nation’s total exports. Gujarat’s exports were ₹4.3 lakh crore higher than Maharashtra at ₹5.57 lakh crore, followed by Tamil Nadu, Karnataka, Uttar Pradesh, Andhra Pradesh, and Telangana. Gujarat’s top exports were Petroleum Products, Gems & Jewellery, Organic Chemicals, Pharmaceuticals, and Engineering Goods. Uttar Pradesh exported ₹1.86 lakh crore (5% of total), with the United States as its top destination, showing diverse market reach.

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The Geological Survey of India (GSI) discovered huge gold deposits in Mahgawan Keolari area of Sihora tehsil, Jabalpur district, Madhya Pradesh. Samples confirmed the presence of gold along with valuable metals like iron, manganese, and copper. The deposits span about 100 hectares and are estimated to be in lakhs of tonnes. This is the first gold discovery in Jabalpur, which is already known for iron, manganese, and limestone exports. Earlier, gold was found in Katni, Madhya Pradesh.

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The Union Minister for Road Transport and Highways announced that India became the third-largest automobile industry in the world with a market size of ₹22 lakh crore. Globally, the United States ranks first with ₹78 lakh crore, followed by China with ₹49 lakh crore. India’s automobile sector contributes 7.1% to the country’s Gross Domestic Product (GDP) and 49% to manufacturing GDP. It is a key driver of India’s manufacturing and economic growth. In FY25, two-wheelers dominated the domestic market with 76.57% share, while passenger cars held 16.80%.