Business, Economy & Banking Current Affairs MCQs

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Startup India Fund of Funds 2.0 has been notified with a corpus of ₹10,000 crore to mobilize venture and growth capital for startups. It builds upon the earlier Fund of Funds for Startups (FFS 1.0) launched in 2016 under the Startup India Action Plan to address funding gaps. The fund will invest in SEBI-registered Alternative Investment Funds (AIFs), which will further invest in eligible startups. Small Industries Development Bank of India (SIDBI) acts as the Implementation Agency. The scheme aims to boost innovation, job creation, manufacturing, and support India’s vision of becoming a global innovation hub under Viksit Bharat 2047.

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Life Insurance Corporation of India launched MyLIC App (for customers) and Super Sales Saathi App (for intermediaries) to enhance digital insurance services. LIC manages over 260 million policies, highlighting its vast insurance footprint in India. MyLIC App offers a 360° digital platform with services like premium payment, policy tracking, e-KYC (electronic Know Your Customer), claims support, and paperless loans. It enables users to revive lapsed policies and purchase insurance online seamlessly. Super Sales Saathi App provides digital tools for agents, including performance dashboards, AI-based insights, and real-time tracking.

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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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The Financial Intelligence Unit India signed a Memorandum of Understanding (MoU) with the Pension Fund Regulatory and Development Authority to strengthen coordination against financial crimes. The MoU aims to enhance information sharing, training, and outreach for entities regulated by PFRDA. It focuses on improving Anti-Money Laundering (AML) and Combating Financing of Terrorism (CFT) capabilities. The Financial Intelligence Unit (FIU), established in 2004 under the Ministry of Finance. FIU-IND acts as the national agency for analysing suspicious financial transactions, while PFRDA regulates India’s pension sector

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ITC Limited became the first Indian company to receive the Farm Sustainability Assessment (FSA) 3.0 certification. The certification is developed by the Sustainable Agriculture Initiative Platform. It validates sustainable, traceable, and ethically sourced farming practices for wheat and paddy. The initiative covers more than 22,000 acres and 3,500 farmers across Uttar Pradesh and Bihar through 70+ Farmer Producer Organizations (FPOs). It promotes soil health, efficient resource use, and higher farmer incomes.

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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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Atal Pension Yojana crossed 9 crore enrolments (April 2026), with a record 1.35 crore added in Financial Year (FY) 2025–26. It was launched in 2015. It is administered by Pension Fund Regulatory and Development Authority. It is a voluntary, contributory pension scheme targeting unorganized sector workers. It is eligible for Indian citizens aged 18–40 years (excluding income tax payers). It ensures guaranteed pension of ₹1,000–₹5,000 after 60 years of age.

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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 reshuffled portfolios among deputy governors after the appointment of Rohit Jain for a three-year term. Rohit Jain succeeded T. Rabi Sankar and took charge of key departments like corporate strategy, IT, fintech, foreign exchange, and risk monitoring. Currency management and payment systems were reassigned to Shirish Chandra Murmu.
Swaminathan J became the senior-most deputy governor and took over the secretary’s department along with supervision-related functions. Poonam Gupta retained her existing portfolios including monetary policy and economic research. The reshuffle aims to streamline responsibilities and improve coordination within RBI operations.