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Answer: True
The Vice-President of India, Shri C. P. Radhakrishnan, inaugurated the SIRI Mathrushree Industrial Park at Belthangady on 31 May 2026, emphasizing women-led social transformation and rural empowerment.
Answer: Dakshina Kannada
The SIRI Mathrushree Industrial Park was inaugurated at Belthangady in Dakshina Kannada district of Karnataka. The inauguration ceremony was held from Dharmasthala.
Answer: $650 billion
India's foreign exchange reserves crossed $650 billion in early 2026, one of the highest levels ever, providing adequate import cover and a buffer against external shocks.
Answer: 30%
MSMEs contribute approximately 30% to India's GDP, about 45% of exports, and employ over 11 crore people — making them the backbone of India's economy.
Answer: G20 New Delhi Summit 2023
IMEC was announced at the G20 New Delhi Summit in September 2023. It is a railway and shipping corridor connecting India to Europe via the Middle East, as an alternative to China's BRI.
Answer: Rs 111 lakh crore
India's National Infrastructure Pipeline was launched in 2019 with an investment target of Rs 111 lakh crore (approximately USD 1.5 trillion) in infrastructure projects over 2020-25.
Answer: All eligible urban and rural poor
PMAY — comprising PMAY-Urban and PMAY-Gramin — aims to provide 'Housing for All' to urban and rural poor including EWS, LIG, and MIG categories.
Answer: 25%
Make in India aims to increase the manufacturing sector's contribution to India's GDP to 25% and create 100 million additional jobs in manufacturing by 2022 (target extended).
Answer: 2022
India-UAE CEPA was signed in February 2022 and came into force in May 2022 — India's first CEPA with a Gulf country, targeting bilateral trade of $100 billion.
Answer: NIFTY 50
NIFTY 50 is the benchmark index of the National Stock Exchange (NSE) of India comprising 50 major stocks. SENSEX is BSE's benchmark index with 30 stocks.
Answer: False
India is structurally a current account deficit country due to high import bills (crude oil, gold, electronics). India occasionally posts surpluses during COVID-era import compression.
Answer: 2016
The IBC 2016 consolidated the insolvency framework in India, providing time-bound resolution of insolvency for companies, partnerships, and individuals.
Answer: 100 days
MGNREGS (Mahatma Gandhi National Rural Employment Guarantee Scheme) guarantees at least 100 days of unskilled wage employment per year to every rural household whose adult members volunteer for manual work.
Answer: Atmanirbhar Bharat
Atmanirbhar Bharat (Self-Reliant India) was launched in 2020, with a Rs 20 lakh crore package covering PLI schemes, infrastructure push, and reducing import dependence.
Answer: Indian Rupee and third-country currencies
India has been paying for Russian oil using Indian rupees and third-country currencies like UAE dirhams and Chinese yuan, reducing dependence on the US dollar after sanctions.
Answer: Mauritius
Mauritius is historically the top source of cumulative FDI into India due to treaty benefits, followed by Singapore, USA, Netherlands, and Japan.
Answer: Union Finance Minister
The GST Council is chaired by the Union Finance Minister, with Finance Ministers of all states as members. It decides GST rates, exemptions, and procedural matters.
Answer: False
Budget 2025-26 made the new tax regime more attractive (zero tax up to Rs 12 lakh) but did NOT abolish the old regime — both coexist and taxpayers can choose.
Answer: 3rd
India has the 3rd largest startup ecosystem globally after the US and China, with over 1 lakh DPIIT-recognised startups and 100+ unicorns.
Answer: Financial inclusion
PMJDY (launched 2014) aims to ensure financial inclusion by providing universal access to banking, insurance, and pension services to all Indians, especially the unbanked.