Business, Economy & Banking Current Affairs MCQs

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Reserve Bank of India proposed removing due diligence for onboarding Micro, Small and Medium Enterprises (MSMEs) on Trade Receivables Discounting System (TReDS) platforms to enhance ease of doing business. Trade Receivables Discounting System (TReDS) is an electronic platform enabling financing/discounting of MSME trade receivables via multiple financiers. The platforms are regulated by the Reserve Bank of India (RBI). Its objective is to ensure quicker payments and improved working capital for MSMEs.

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Amul became the first Fast-Moving Consumer Goods (FMCG) company in India to cross ₹1 lakh crore turnover in FY 2025–26. The company recorded a total group turnover of ₹1,00,000 crore, with around 11% growth over the previous year. Its marketing arm, Gujarat Cooperative Milk Marketing Federation, reported revenue of ₹73,450 crore in FY26, up from ₹65,911 crore in FY25. The milestone establishes Amul as the largest FMCG organisation in India.

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India has limited the requirement of certification from the Export Inspection Council (EIC) for rice exports only to select countries—European Union (EU), United Kingdom (UK), Iceland, Liechtenstein, Norway, and Switzerland. The Export Inspection Council was established under the Export (Quality Control and Inspection) Act, 1963. It ensures quality and safety of Indian export products to meet importing country standards. It functions as India’s official export certification authority. The Council operates under the administrative control of the Ministry of Commerce and Industry, which is its nodal ministry.

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Adani Ports and Special Economic Zone announced that Mundra Port has become India’s largest automobile export hub, exporting a record 6,008 cars in a single vessel. Mundra Port exports vehicles to more than 100 countries through its Roll-on/Roll-off (RoRo) terminal, enabling efficient large-scale shipments. India’s automobile exports are rising steadily, with key markets in Africa, Latin America, the Middle East, and Europe. The port plays a crucial role in strengthening logistics infrastructure and export competitiveness of Indian automakers.

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Reserve Bank of India has released a report titled “Exploring Safeguards in Digital Payments to Curb Frauds” to address rising digital payment scams. It proposes a cooling-off period of one hour for transfers above ₹10,000 to new beneficiaries, allowing users to cancel fraudulent transactions. A trusted person mechanism is suggested, where high-value transactions above ₹50,000 by senior citizens or persons with disabilities may require secondary approval. A kill switch facility is proposed to enable users to instantly disable all payment channels during emergencies. Whitelisting of beneficiaries would allow users to pre-approve trusted payees and avoid additional verification or delays.

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India’s Wholesale Price Index (WPI)-based inflation stood at 1.64% in March 2026, as per provisional government data. The data was released by the Department for Promotion of Industry and Internal Trade. On a month-on-month basis, WPI declined by 0.06%, indicating easing price pressures. Primary articles index stood at 197.3, showing mixed trends with a monthly decline but positive year-on-year growth. WPI reflects producer-level price changes, indicating supply-side inflation in the economy. The index is compiled using data from institutional sources and manufacturing units across India. WPI data is released monthly (around 14th), with April 2026 data scheduled for May 14, 2026.

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China has become India’s largest trading partner in 2025–26, surpassing the United States after four years. India–China bilateral trade reached 151.1 billion, with a record trade deficit of about 112 billion in China’s favour. India’s exports to China rose by 36.66% to 19.47 billion, while imports increased to 131.63 billion, widening the deficit. With the United States, India’s exports grew marginally to 87.3 billion, while imports rose to 52.9 billion, reducing the trade surplus. India recorded negative export growth with partners like Netherlands, UK, Singapore, Bangladesh, and Saudi Arabia. Positive export growth was seen with UAE, Germany, Italy, Brazil, Spain, and Vietnam.

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Under the Startup India initiative, more than 55,200 startups were recognized in FY 2025–26, the highest ever in a single year, taking the total to more than 2.23 lakh startups and generating more than 23.36 lakh jobs. Startup growth increased by 51.6% year-on-year, while job creation rose by 36.1%, showing strong expansion of India’s startup ecosystem. Around 48% of startups (more than 1.07 lakh) have at least one woman director or partner, indicating rising gender inclusion.
Startups are now present across all States and Union Territories, with Maharashtra having the highest number of recognized startups (more than 38,660), followed by Karnataka, Uttar Pradesh, Delhi, and Gujarat.

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Developing countries launched the Borrowers’ Platform at the International Monetary Fund–World Bank Spring Meetings 2026. It is a platform for borrower nations to share experiences, coordinate policies, and collectively raise debt-related concerns. It includes Finance Ministers and Central Bank Governors to strengthen debt management and global negotiation capacity. It is governed by Finance Ministers, supported by technical debt officials for policy inputs. It is not a debt-restructuring mechanism, but a coordination and dialogue forum.

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In April 2026, Pay Point India Network became the first private fintech company to gain membership in the Centralised Payment System (CPS) of the Reserve Bank of India. Earlier, CPS access was limited to banks and institutions like National Payments Corporation of India and Clearing Corporation of India Limited. This move allows Pay Point direct access to payment systems such as Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT). It reduces dependence on partner banks for transactions and settlements. The company has also been assigned its own Indian Financial System Code (IFSC), enabling it to hold accounts directly with RBI.