Business, Economy & Banking Current Affairs MCQs

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Bank of Baroda raised ₹10,000 crore by issuing long-term green infrastructure bonds, becoming the first bank in India to issue domestic green bonds. The 7-year bond was issued on the National Stock Exchange of India (NSE) through the Electronic Book Provider (EBP) platform. The issue had a ₹5,000 crore base size with a ₹5,000 crore greenshoe option, and received bids worth ₹16,415 crore, showing strong investor demand. The bank fixed a 7.1% annual coupon rate despite market volatility.

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National Mineral Development Corporation (NMDC) Limited became the first mining company in India to produce 50 million tonnes of iron ore in a single financial year (2025–26). NMDC Limited is a Navratna Central Public Sector Enterprise (CPSE) under the Ministry of Steel. It is the largest producer of iron ore in India and a key organisation for mineral resource development. Its aim is to explore, develop, and sustainably use mineral resources in India. It also ensures stable domestic supply of iron ore for the steel industry. NMDC supports India’s goal to expand steel production capacity to 300 million tonnes by 2030.

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The National Productivity Council (NPC) has signed an agreement with the Ministry of Environment, Forest and Climate Change (MoEF&CC) to act as the Environment Audit Designated Agency (EADA). National Productivity Council (NPC) was established as an autonomous, non-profit and multipartite organization under the Department for Promotion of Industry & Internal Trade, Ministry of Commerce and Industry, with headquarters in New Delhi. It aims to promote productivity awareness, strengthen economic development, act as a government think tank, and provide consultancy and training services.

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Central Consumer Protection Authority (CCPA) has directed hotels and restaurants not to charge extra costs like LPG or fuel charges. It was established under Consumer Protection Act, 2019, which replaced the 1986 Act and came into force in 2020. It works under Ministry of Consumer Affairs, Food and Public Distribution. CCPA protects and enforces consumer rights at a collective level. It prevents unfair trade practices and misleading advertisements.

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Skill India Digital Hub (SIDH) has been integrated with the e-Shram Portal to provide skilling opportunities to registered workers across all States. Through this integration, e-Shram beneficiaries can directly access training courses and upskilling programmes available on SIDH. SIDH enables issuance of digitally verifiable and tamper-proof credentials, improving trust, portability, and recognition of skills. The platform is integrated with Bhashini, allowing translation into 22 regional languages, promoting inclusivity.

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Kar Saathi is an Artificial Intelligence (AI)-enabled taxpayer assistance platform launched by the Income Tax Department. It is a digital chatbot providing a one-stop solution for direct tax services like return filing, compliance, and grievance redressal. It supports implementation of the Income Tax Act, 2025 by ensuring smooth transition and better taxpayer experience. It offers 24×7 assistance for queries on Income Tax Return (ITR), deductions, refunds, notices, and forms.

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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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Unified Payments Interface (UPI) has completed 10 years, transforming India into a real-time digital payment economy. The network expanded from 216 banks in 2021 to 691 banks by January 2026, creating a highly interoperable payment ecosystem. It has expanded internationally, being operational or linked with countries like UAE, Singapore, Bhutan, Nepal, Sri Lanka, France, Mauritius, and Qatar. It is operated by the National Payments Corporation of India, which regulates and manages retail payment systems in India.

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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.