Q.1 Which institution releases the 'Global Economic Prospects' report?
IMF
World Bank
WTO
OECD
Explanation - The World Bank publishes the 'Global Economic Prospects' report twice a year, analyzing global economic trends and challenges.
Correct answer is: World Bank
Q.2 What is the repo rate as announced by the Reserve Bank of India in its September 2025 policy review?
6.25%
6.50%
6.75%
7.00%
Explanation - In September 2025, the RBI kept the repo rate unchanged at 6.50% to balance inflation control with economic growth.
Correct answer is: 6.50%
Q.3 Which country is India's largest trading partner in 2025?
USA
China
UAE
Saudi Arabia
Explanation - The USA has continued to be India's largest trading partner in terms of goods and services in 2025.
Correct answer is: USA
Q.4 The 'GIFT City' in Gujarat is primarily developed for which sector?
Agriculture
Aerospace
Finance
Tourism
Explanation - GIFT City (Gujarat International Finance Tec-City) is India's first operational smart city and international financial services center.
Correct answer is: Finance
Q.5 What does 'Fiscal Deficit' represent?
Total revenue - total expenditure
Total expenditure - total revenue (excluding borrowings)
Difference between exports and imports
Government borrowing from RBI
Explanation - Fiscal deficit is the gap between the government’s total expenditure and its total revenue, excluding borrowings.
Correct answer is: Total expenditure - total revenue (excluding borrowings)
Q.6 Which organization publishes the 'World Economic Outlook'?
World Bank
IMF
UNCTAD
OECD
Explanation - The International Monetary Fund publishes the 'World Economic Outlook', assessing global growth and policy issues.
Correct answer is: IMF
Q.7 As of 2025, who is the current Finance Minister of India?
Nirmala Sitharaman
Amit Shah
Piyush Goyal
Rajnath Singh
Explanation - Nirmala Sitharaman has been serving as the Finance Minister of India since 2019 and continues in 2025.
Correct answer is: Nirmala Sitharaman
Q.8 Which Indian state recorded the highest GST collection in August 2025?
Maharashtra
Karnataka
Tamil Nadu
Gujarat
Explanation - Maharashtra, being India’s largest industrial and commercial hub, regularly tops GST collections.
Correct answer is: Maharashtra
Q.9 What is the main aim of the 'Production Linked Incentive (PLI)' scheme?
Boosting rural employment
Encouraging exports of raw materials
Supporting domestic manufacturing and exports
Promoting foreign investments in services
Explanation - The PLI scheme incentivizes manufacturers to boost domestic production and exports in key sectors.
Correct answer is: Supporting domestic manufacturing and exports
Q.10 The 'Financial Stability Report' in India is released by which body?
SEBI
RBI
Ministry of Finance
NITI Aayog
Explanation - The RBI publishes the Financial Stability Report, assessing risks to financial markets and banking systems.
Correct answer is: RBI
Q.11 Which international grouping launched the 'Global Infrastructure Facility' initiative?
G20
World Bank
IMF
BRICS
Explanation - The World Bank launched the Global Infrastructure Facility to mobilize private investments for infrastructure projects.
Correct answer is: World Bank
Q.12 In Union Budget 2025-26, what is the government’s fiscal deficit target as % of GDP?
5.1%
5.5%
6.0%
6.5%
Explanation - The Union Budget 2025-26 set the fiscal deficit target at 5.1% of GDP, aiming for gradual fiscal consolidation.
Correct answer is: 5.1%
Q.13 Which country recently overtook China as the world’s largest exporter of goods in 2025?
Germany
USA
India
Vietnam
Explanation - In 2025, Germany surpassed China in global goods exports due to its strong manufacturing and export performance.
Correct answer is: Germany
Q.14 The 'Bharat Bill Payment System' (BBPS) is managed by:
SEBI
RBI
NPCI
NABARD
Explanation - BBPS is operated by the National Payments Corporation of India (NPCI) under RBI regulation.
Correct answer is: NPCI
Q.15 Which scheme replaced the Planning Commission with a new think tank?
Aayushman Bharat
Atmanirbhar Bharat
NITI Aayog
PM Gati Shakti
Explanation - NITI Aayog was set up in 2015 to replace the Planning Commission as the government’s policy think tank.
Correct answer is: NITI Aayog
Q.16 Which sector contributes the largest share to India’s GDP as of 2025?
Agriculture
Industry
Services
Manufacturing
Explanation - The services sector, including IT, finance, and trade, continues to contribute the largest share to India’s GDP.
Correct answer is: Services
Q.17 What is the purpose of 'Masala Bonds'?
To fund real estate projects
To borrow in foreign currency
To raise money in Indian Rupees from overseas investors
To promote stock markets
Explanation - Masala Bonds are issued outside India but denominated in INR, protecting issuers from currency risks.
Correct answer is: To raise money in Indian Rupees from overseas investors
Q.18 The 'Blue Economy' policy in India is related to:
Tourism development
Sustainable use of ocean resources
Space exploration
Renewable energy
Explanation - Blue Economy focuses on sustainable ocean-based industries such as fisheries, aquaculture, and shipping.
Correct answer is: Sustainable use of ocean resources
Q.19 Which rating agency downgraded India’s GDP forecast to 6.2% for FY2025?
S&P
Fitch
Moody’s
CRISIL
Explanation - Fitch Ratings revised India’s GDP growth forecast to 6.2% for FY2025 citing global slowdown risks.
Correct answer is: Fitch
Q.20 What is the upper age limit for investment in the 'Atal Pension Yojana'?
40 years
50 years
60 years
65 years
Explanation - Individuals between 18 and 40 years can subscribe to the Atal Pension Yojana to receive a guaranteed pension post 60.
Correct answer is: 40 years
Q.21 Which Indian state topped the 'Export Preparedness Index 2024'?
Gujarat
Maharashtra
Karnataka
Tamil Nadu
Explanation - Gujarat topped the 2024 Export Preparedness Index, showcasing strong infrastructure and trade facilitation.
Correct answer is: Gujarat
Q.22 The term 'Stagflation' refers to:
High inflation with low growth
Low inflation with high growth
Zero inflation with recession
Inflation only in food prices
Explanation - Stagflation is an economic situation where high inflation coexists with stagnant growth and unemployment.
Correct answer is: High inflation with low growth
Q.23 Which ministry launched the 'PM Gati Shakti' initiative?
Ministry of Finance
Ministry of Commerce and Industry
Ministry of Road Transport
Ministry of Housing and Urban Affairs
Explanation - PM Gati Shakti is a national master plan for infrastructure development launched by the Ministry of Commerce and Industry.
Correct answer is: Ministry of Commerce and Industry
Q.24 Which financial institution regulates the stock market in India?
RBI
SEBI
IRDAI
NABARD
Explanation - The Securities and Exchange Board of India (SEBI) regulates securities markets and protects investors.
Correct answer is: SEBI
Q.25 What is the currency of Bangladesh?
Taka
Rupee
Rial
Baht
Explanation - The official currency of Bangladesh is the Bangladeshi Taka (BDT).
Correct answer is: Taka