Current Affairs - Economy
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Exercise : Economy - Latest Current Affairs
- Economy - Latest Current Affairs
1.
According to the latest DFS survey, what percentage of people prefer UPI as their primary transaction mode in India?
Answer: Option
Explanation:
The latest survey conducted by the Department of Financial Services highlights that 57% of respondents prefer UPI as their primary payment method, making it the most favoured transaction mode in India. This surpasses cash, which stands at 38%. The widespread adoption is driven by instant fund transfers, ease of use, and attractive cashback incentives. A significant portion of users, particularly those aged 18–25, perform multiple digital transactions daily. Additionally, 94% of small merchants now accept UPI, reflecting its deep penetration and the success of government-backed digital payment initiatives.
Date : 2026-02-17
2.
What was India’s Wholesale Price Index (WPI) inflation rate in January 2026, marking a 10-month high?
Answer: Option
Explanation:
India’s WPI inflation rose to 1.81% in January 2026, reaching a 10-month high and registering the third consecutive monthly increase. The rise was primarily driven by higher prices of food articles, non-food items, and manufactured products such as basic metals and textiles. Food inflation turned positive, and manufacturing inflation strengthened, indicating increasing producer-level price pressures. However, fuel and power remained in deflation, which helped moderate the overall surge. While WPI reflects wholesale-level price changes, the Reserve Bank of India mainly targets CPI inflation for monetary policy decisions, making this divergence significant for economic analysis.
Date : 2026-02-16
3.
What was the value of the RBI Digital Payments Index (RBI-DPI) for September 2025, reflecting growth in India’s digital payment ecosystem?
Answer: Option
Explanation:
The RBI Digital Payments Index for September 2025 stood at 516.76, indicating significant growth in digital payment adoption across India. This increase from the previous value of 493.22 in March 2025 reflects improvements in key parameters such as Payment Performance and Payment Enablers. The index measures the extent of digitisation in the country and includes factors like infrastructure, transaction volume, and consumer centricity. A higher index value signifies deeper penetration of digital payment systems, showcasing India’s steady progress toward a less-cash and more transparent economy supported by robust digital infrastructure.
Date : 2026-02-13
4.
According to the SBI report, what percentage of India’s agricultural export items to the United States now enjoy zero tariff access?
Answer: Option
Explanation:
The SBI report highlights a significant boost to India’s agricultural exports to the United States, with 75% of export items now receiving zero-tariff access. This improved tariff framework enhances price competitiveness and expands market opportunities for Indian exporters. Agricultural products worth over $1 billion are assured zero reciprocal tariff benefits, strengthening India’s existing $1.3 billion trade surplus in agri-trade with the US. Key beneficiary sectors include rice, fisheries, tea, coffee, and spices. The move is expected to increase export volumes, improve price realisation, and support farmers and rural income growth through better global market integration.
Date : 2026-02-12
5.
Which state presented its first-ever Economic Survey 2025-26, outlining a roadmap to achieve a $1 trillion economy?
Answer: Option
Explanation:
Uttar Pradesh presented its first-ever Economic Survey 2025-26, marking a significant milestone in the state’s fiscal and developmental planning. The survey outlines a comprehensive, investment-led growth strategy aimed at transforming the state into a $1 trillion economy. It highlights strong Gross State Domestic Product growth, rising investor confidence, and major infrastructure expansion, including expressways and airports. The document also emphasises industrial cluster development, agricultural productivity, digital governance reforms, and improved law and order. With sustained double-digit growth and large-scale investment proposals, the state positions itself as a rapidly emerging economic powerhouse in India.
Date : 2026-02-10
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