Business, Economy & Banking Current Affairs MCQs

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The Government of India has revised the base year of the Wholesale Price Index (WPI) from 2011–12 to 2022–23. The revised WPI series and new Producer Price Indices (PPIs) will be released by the Office of Economic Adviser under the Department for Promotion of Industry and Internal Trade. New indices include Output Producer Price Index (OPPI), Input Producer Price Index (IPPI), and Service Producer Price Index (Service PPI). The transition from WPI to PPI aligns India’s statistical framework with international standards recommended by the International Monetary Fund. Both WPI and PPI will be released simultaneously for five years before WPI is phased out.

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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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India has become the world’s second-largest solar market by overtaking the United States in annual solar capacity additions in 2025. The achievement reflects India’s rapid progress in clean energy and sustainable infrastructure development. India’s solar capacity has increased from 2.8 GW in 2014 to over 155 GW in 2026. This represents a growth of about 5,370% in solar power capacity over the period. The expansion supports India’s renewable energy goals and strengthens energy security while reducing dependence on fossil fuels.

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India’s first flex-fuel passenger vehicle was launched by Maruti Suzuki in New Delhi. The vehicle was launched by Union Minister for Petroleum and Natural Gas Hardeep Singh Puri and Union Minister for Road, Transport and Highways Nitin Gadkari. Flex-fuel vehicles can run on ethanol-petrol blends ranging from E20 to E100. The initiative supports cleaner mobility, energy security, reduced crude oil imports, and increased ethanol usage. The move is expected to benefit farmers, promote biofuels, and reduce vehicular emissions.

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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 recent report, India slipped to the 7th position globally in stock market valuation, overtaken by South Korea. India’s current stock market capitalization stands at around 4.9 trillion. South Korea and Taiwan have market capitalizations of over 5 trillion, moving ahead of India. Over the last two years, India has fallen three places as Hong Kong, Taiwan, and South Korea surpassed it. Reasons cited for the decline include: continuous foreign investor selling since September 2024, muted corporate earnings and relatively slow progress in AI-driven technology sectors. currently, United States has the world’s largest stock market capitalization.

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Uzbekistan became the 10th member and shareholder of the New Development Bank (NDB) in June 2026 after ratifying the Articles of Agreement (AoA). It is the first Central Asian country to join the NDB. The NDB plans to support projects in Uzbekistan in sectors such as energy, water management, transport, municipal infrastructure, and social infrastructure. The bank will provide support through financing in national currencies, national procurement systems, and environmental risk assessment mechanisms.

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Union Finance Minister Nirmala Sitharaman inaugurated the North East’s largest organic spice processing unit at Bhoirymbong, Meghalaya. The facility has been established under the Mission Organic Value Chain Development for North Eastern Region (MOVCD-NER). It is operated by the Eastern Ri-Bhoi Organic Farmer Producer Company Limited. It is the first organically certified spice processing unit in North-East India.

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Agricultural and Processed Food Products Export Development Authority (APEDA) has successfully completed the first cohort of its BHARATI programme (Bharat’s Hub for Agritech, Resilience, Advancement and Incubation for Export Innovation). It is an initiative of APEDA. The initiative aims to promote innovation-driven growth in agri-food exports and support India’s target of USD 50 billion agri-food exports by 2030. Startups under the programme achieved early export success, including GI-tagged mangoes, millet-based products, and organic goods to global markets like the UAE, EU, USA, UK, and New Zealand. The programme strengthens India’s agri-export ecosystem through startups, technology, and value addition.

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The RBI has allowed financiers on TReDS (Trade Receivables Discounting System) platforms to access government-backed credit guarantee cover for financed invoices. TReDS is an RBI-regulated electronic platform that helps MSMEs obtain working capital by discounting invoices through competitive bidding. It provides collateral-free and non-recourse financing, improving liquidity for MSMEs and reducing default risk. Registration on TReDS is mandatory for Central Public Sector Enterprises (CPSEs) and corporate buyers with an annual turnover above ₹250 crore.