Business, Economy & Banking Current Affairs MCQs

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Union Finance and Corporate Affairs Minister Nirmala Sitharaman launched Mission Jagrook on April 25, 2026. It is a nationwide investor awareness initiative launched in collaboration with Securities and Exchange Board of India. The launch took place during the 38th Foundation Day of SEBI in Mumbai. The mission aims to educate retail investors about market risks and financial frauds, including AI-based deepfakes. It promotes financial literacy and safe investment practices among the public

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The Reserve Bank of India launched Mission SAKSHAM for strengthening the Urban Co-operative Banks (UCBs) sector. It is a nationwide capacity-building initiative focused on improving managerial and operational efficiency. The mission aims to enhance compliance culture, governance, and institutional resilience in UCBs. It will include training programmes (offline and e-learning) covering around 1.4 crore participants.

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The Department of Financial Services approved Viability Plan 2.0 for Regional Rural Banks to improve financial sustainability and operational efficiency. The plan will be implemented for three years from 2025–26 to 2027–28 under the Ministry of Finance. It aims to strengthen governance reforms, improve profitability, enhance operational excellence, and ensure long-term competitiveness of Regional Rural Banks. Viability Plan 1.0 was introduced in Financial Year 2022–23 focusing on credit expansion, Non-Performing Asset reduction, digital adoption, and cost rationalization. Viability Plan 2.0 includes 30 performance parameters to monitor the functioning of all 28 Regional Rural Banks.

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Department of Financial Services launched the Unclaimed Assets Portal. The portal is a common platform for searching unclaimed financial assets across the financial ecosystem. It was developed in collaboration with the Public Sector Bank Alliance. The portal allows citizens to search for unclaimed bank deposits, insurance claims, shares, dividends, and mutual funds. The initiative supports the nationwide campaign Your Money Your Right launched by the Department of Financial Services.

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Reserve Bank of India in its Annual Report 2025–26 stated that it is exploring the introduction of a Kill Switch mechanism. A Kill Switch allows a system, device, account, or service to be immediately disabled or blocked during emergencies or suspected fraud. At present, customers can switch domestic and international card transactions on or off. The RBI plans to extend this facility to all digital payment modes, including Unified Payments Interface (UPI) and internet banking.

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Meesho has partnered with Bombay Stock Exchange (BSE) to launch Project Shikhar, an initiative aimed at helping MSMEs and digital businesses become publicly listed companies. The initiative will support high-performing e-commerce sellers in getting listed on the BSE SME platform and gaining access to growth capital. Project Shikhar was launched through a Memorandum of Understanding (MoU) between Meesho and BSE. The programme aims to create a step-by-step roadmap for businesses to transition from informal enterprises to investor-ready public companies.

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According to the Ministry of Statistics and Programme Implementation (MoSPI), India’s economy is estimated to have grown by 7.8% in Q4 FY2025-26. India’s GDP growth for the full financial year 2025-26 is estimated at 7.7%, higher than the earlier estimate of 7.6%. Real GDP is estimated at ₹323.12 trillion in FY26, while Nominal GDP is estimated to have grown by 8.9%. Gross Value Added (GVA) grew by 7.9% in both Q4 FY26 and the full fiscal year. The Reserve Bank of India has projected 6.6% GDP growth and 5.1% inflation for FY2026-27.

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According to Official Airline Guide (OAG) data, India has become the third-largest domestic aviation market globally. India ranks behind the United States and China in domestic aviation capacity. India surpassed Brazil and Indonesia to achieve this position. The Government has taken several steps to boost the civil aviation sector. These steps include developing international aviation hubs and establishing Maintenance, Repair and Overhaul (MRO) facilities. The Government has also prepared an International Aviation Hub Strategy to strengthen aviation infrastructure.

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The Reserve Bank of India implemented the revamped Integrated Ombudsman Scheme on July 2, 2026. The new scheme replaces the 2021 Integrated Ombudsman Scheme for resolving customer complaints against banks, select NBFCs, PPI issuers, and credit information companies. It follows the “One Nation, One Ombudsman” approach, allowing complaints to be handled regardless of the customer’s or institution’s location. The scheme provides a free, faster, and non-adversarial mechanism for resolving service-related complaints.

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The Employees’ Provident Fund Organisation (EPFO) has launched the Amnesty Scheme, 2026 to provide a one-time opportunity for establishments operating exempted Provident Fund (PF) Trusts to regularise their status under the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952. The scheme, introduced by the Ministry of Labour and Employment, will remain open for six months from 29 June 2026. The scheme provides relief by waiving certain eligibility conditions, allowing retrospective regularisation, and withdrawing pending assessments related to PF dues, damages, and interest, subject to prescribed conditions.