Business, Economy & Banking Current Affairs MCQs

1. Which of the following fertilizers is NOT covered under the Nutrient Based Subsidy Scheme?

  1. DAP
  2. NPK complex fertilizers
  3. Urea
  4. MOP (Muriate of Potash)
Answer: C) Urea

2. Which organisation conducts spectrum auctions in India?

  1. TRAI
  2. Department of Telecommunications
  3. NITI Aayog
  4. ISRO
Answer: B) Department of Telecommunications

3. Which sectors played a key role in driving steel demand in India?

  1. Infrastructure and construction
  2. Railways
  3. Manufacturing
  4. All of the above
Answer: D) All of the above

Also Read: Daily Current Affairs 2026

4. What initiative is the Government of India preparing to strengthen access to banking, credit, and digital financial services?

  1. Jan Dhan Yojana
  2. Financial Inclusion 2.0
  3. Make in India
  4. Digital India Mission
Answer: B) Financial Inclusion 2.0

5. Which of the following is a major challenge faced by the Indian steel industry?

  1. Rising raw material costs
  2. Energy security concerns
  3. Global market volatility
  4. All of the above
Answer: D) All of the above

6. Why has the Indian textile industry welcomed the India-US Interim Trade Agreement?

  1. It reduces reciprocal tariffs on Indian textile exports
  2. It increases export tariffs on Indian textiles
  3. It limits textile exports to Europe
  4. It bans textile imports from the United States
Answer: A) It reduces reciprocal tariffs on Indian textile exports

Also Read: Daily Current Affairs Quiz 2026

7. Inflation in India is projected around:

  1. 2%
  2. 3%
  3. 4.6%
  4. 7%
Answer: C) 4.6%

8. Which institution introduced mandatory two-factor authentication (2FA) for digital payments in India from April 2026?

  1. Reserve Bank of India (RBI)
  2. Ministry of Finance
  3. National Payments Corporation of India (NPCI)
  4. Securities and Exchange Board of India (SEBI)
Answer: A) Reserve Bank of India (RBI)

9. Which of the following products attracts a 40% GST rate in India under the revised tax rules for “sin goods”?

  1. Wheat and rice
  2. Tobacco and pan masala
  3. Milk and dairy products
  4. Medicines
Answer: B) Tobacco and pan masala

10. According to India’s FDI policy, investors from countries sharing land borders with India must obtain approval from which authority before investing?

  1. Reserve Bank of India
  2. State Government
  3. Government of India
  4. SEBI
Answer: C) Government of India

Also Read: Top 100 Current Affairs 2026 Questions and Answers

Last updated on April 10, 2026 by Priyanka Deshmukh

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