Business, Economy & Banking Current Affairs MCQs

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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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Government of India launched the Market Access Support (MAS) Intervention under the Export Promotion Mission (EPM). Market Access Support (MAS) is implemented under the NIRYAT DISHA sub-scheme of EPM, approved by the Union Cabinet on 12 November 2025. It aims to strengthen international market access for Indian exporters, especially MSMEs, first-time exporters, and priority sector firms. Export Promotion Mission (EPM) is jointly run by Department of Commerce, Ministry of MSME, Ministry of Finance, Indian Missions abroad, Export Promotion Councils (EPCs), Commodity Boards, and industry associations.

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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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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.

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Karnataka Bank won the Best Fintech & DPI (Digital Public Infrastructure) Adoption award at the Indian Banks’ Association (IBA) Banking Technology Awards. It was adjudged runner-up in Best Tech Talent category. The bank also received Special Mention for Best Technology Bank, Best Digital Financial Inclusion, and Best Digital Sales. The recognition highlights the bank’s focus on digital innovation, technology talent, and customer-centric banking solutions. Karnataka Bank reaffirmed its commitment to expanding digital capabilities to meet evolving customer needs.

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According to SEBI (Securities and Exchange Board of India), India ranks first globally in the number of IPOs and is among the top three countries by value of IPOs. In the first nine months of the current financial year, 311 IPOs raised ₹1.7 trillion, while total equity mobilisation exceeded ₹3.8 trillion. Market capitalisation-to-GDP ratio increased from 69% in FY16 to over 130%, reflecting deeper investor participation. The number of investors grew from 43 million in FY20 to 137 million, with unique mutual fund investors exceeding 59 million.

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The World Economic Forum (WEF) is establishing five new Centres for the Fourth Industrial Revolution, including one in Andhra Pradesh, India. India already has two such centres: in Mumbai and Telangana. The Fourth Industrial Revolution Network, launched in 2017, connects national and thematic centres worldwide to advance responsible development of emerging technologies. Other new centres will be in France, the U.K., and the UAE.

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The Pension Fund Regulatory and Development Authority (PFRDA) launched the NPS Swasthya Pension Scheme (NSPS) as a pilot project. It is introduced as a Proof of Concept under the Regulatory Sandbox Framework of PFRDA. The scheme links health-related financial support with the existing National Pension System (NPS). It aims to support out-patient and in-patient medical expenses along with pension savings. It will operate as a sector-specific contributory pension scheme under the Multiple Scheme Framework of NPS. The scheme is voluntary and open to Indian citizens for a limited period.