Business, Economy & Banking Current Affairs MCQs

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Union Minister for Rural Development and Agriculture & Farmers Welfare, Shri Shivraj Singh Chauhan, introduced the Viksit Bharat–Guarantee for Rozgar and Ajeevika Mission (Gramin) or VB–G RAM G Bill, 2025, in the Lok Sabha. The Bill provides a statutory guarantee of 125 days of wage employment every year for rural households. It aims to ensure welfare of the poor and promote comprehensive village development in line with Mahatma Gandhi’s vision of self-reliant and developed villages. The central government has committed over ₹95,000 crore for this initiative. Panchayats will be graded, with additional work assigned to underdeveloped or underperforming panchayats to ensure balanced development.

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The Department of Telecommunications (DoT) said the Financial Fraud Risk Indicator (FRI) stopped possible losses of ₹660 crore in six months. Financial Fraud Risk Indicator (FRI) was launched in May 2025 by the Department of Telecommunications (DOT’S) Digital Intelligence Unit (DIU). It is a risk-based system that marks mobile numbers as Medium, High, or Very High fraud risk. The classification uses data from the National Cybercrime Reporting Portal (NCRP), Chakshu platform, banks, and financial institutions. It helps banks, Non-Banking Financial Companies (NBFCs), and Unified Payments Interface (UPI) providers protect customers.

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The Global Cement and Concrete Association (GCCA) India–NCB Carbon Uptake Report was released on the 63rd Foundation Day of the National Council for Cement and Building Materials (NCB). NCB was established in 1962 as India’s apex research and development organisation for the cement and building materials sector. Its main objective is to promote scientific research and innovation related to cement manufacturing and building materials. NCB functions under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, Government of India.

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The Reserve Bank of India (RBI) released the Report on Trend and Progress of Banking in India 2024-25. The report highlighted the banking sector’s continued resilience, supported by strong balance sheet growth, improved asset quality, and robust profitability. Scheduled Commercial Banks (SCBs) saw double-digit growth in both deposits and credit in FY25, though at a slower pace than FY24. Asset quality improved, with gross non-performing assets (GNPA) ratio falling to 2.2% by March 2025 and 2.1% by September 2025. Strong stress resolution and better credit underwriting contributed to low GNPA levels. Bank profitability remained robust, with return on assets (RoA) at 1.4% and return on equity (RoE) at 13.5% in FY25

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As per recent report by Indian government, India surpassed Japan to become the world’s fourth-largest economy with Gross Domestic Product (GDP) of USD 4.18 trillion. India is expected to overtake Germany to become the third-largest economy by 2030 with projected GDP of USD 7.3 trillion. India remains the world’s fastest-growing major economy despite global trade uncertainties. Real GDP grew 8.2% in Quarter 2 of 2025–26, rising steadily from previous quarters. Growth is driven mainly by strong private consumption and domestic demand. The United States (US) ranks first and China second in global economy size.

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Recently, Andhra Pradesh emerged as India’s top investment destination, capturing 25.3% of all proposed investments in the first nine months of FY26. It leads other states like Odisha (13.1%) and Maharashtra (12.8%), showing a shift of industrial momentum to eastern and southern corridors. Andhra Pradesh, Odisha, and Maharashtra together account for 51.2% of India’s total proposed capital investment. Nationwide, investment announcements reached Rs 26.6 lakh crore, up 11.5% year-on-year. Andhra Pradesh’s performance is credited to investor-friendly policies, fast-track approvals, infrastructure development, and sector-focused strategies.

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A Sakthivel has been appointed as the Chairman of the Apparel Export Promotion Council (AEPC), marking his fifth term leading the organisation. Apparel Export Promotion Council (AEPC) was established in 1978. It was set up under the Foreign Trade (Development and Regulation) Act, 1992. AEPC is the official body representing apparel exporters in India. It functions under the Ministry of Textiles, Government of India. Its main role is to promote and support exports of Indian garments and textiles globally.

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The Agricultural and Processed Food Products Export Development Authority (APEDA) launched an initiative to support agri-food and agri-tech startups. APEDA is a statutory body under the Government of India, established by the APEDA Act in December 1985. It replaced the Processed Food Export Promotion Council (PFEPC) and works under the Ministry of Commerce and Industry. The objective is to develop and promote the export of scheduled products like fruits, vegetables, meat, poultry, dairy, confectionery, biscuits, bakery products, honey, and jaggery.

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The Special Secretary of the Central Board of Indirect Taxes and Customs (CBIC) inaugurated the Indian Customs Electronic Gateway–Land Port Management System (ICEGATE–LPMS) at the Integrated Check Post (ICP), Agartala, Tripura. Indian Customs Electronic Gateway (ICEGATE) was established in 2007 as the national portal of Indian Customs under Central Board of Indirect Taxes and Customs (CBIC). It provides electronic filing (e-filing) services to traders, cargo carriers, and other trading partners. It acts as a centralized platform for electronic interaction between Indian Customs and the trading community.

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Tripura Gramin Bank became the first Gramin Bank in India to introduce a solar-powered ATM van, promoting sustainable and inclusive banking. The initiative earned the bank the prestigious SKOCH Silver Award for innovative governance practices. The bank operates around 150 branches across remote areas of Tripura, supporting financial inclusion. The solar-powered ATM van improves banking access in rural and electricity-scarce regions. The initiative was inaugurated by Union Finance Minister Nirmala Sitharaman on 21 July 2023. The bank currently runs three such eco-friendly ATM vans.