Medium Level – GK Questions

FM Nirmala Sitharaman presented her 8th consecutive Union Budget on February 1, 2025, setting a world record for most consecutive budget presentations.

Uttarakhand became the first Indian state to implement the UCC, with rules notified in 2025, covering marriage, divorce, inheritance, and adoption.

PM Narendra Modi visited Washington DC in February 2025 and held bilateral talks with President Trump, discussing defence, trade, and technology cooperation.

India's total renewable energy capacity surpassed 200 GW in 2025, on track towards its target of 500 GW by 2030.

Rekha Gupta was sworn in as the Chief Minister of Delhi after BJP won the February 2025 Delhi Assembly Elections, ending AAP's decade-long rule.

Nihon Hidankyo, a Japanese organization of atomic bomb survivors (hibakusha), won the Nobel Peace Prize 2024 for its efforts towards a world free of nuclear weapons.

Egypt, Ethiopia, Iran, and the UAE joined BRICS as full members, expanding the bloc significantly.

With SpaDeX's successful docking, India became the 4th country after USA, Russia, and China to demonstrate space docking technology.

Musk stated that if compute gets 'super tight,' SpaceX might need the resources back. This flexibility clause ensures SpaceX can prioritize its own computational needs during periods of high demand while still providing Anthropic a reasonable exit strategy.

The financing scheme offers monthly EMI starting at ₹39,990 with a down payment requirement of ₹6 lakh. This affordability structure is designed to lower barriers for premium EV adoption, making electric mobility more accessible to middle and upper-middle-class consumers.

The RBI highlighted that India's growth prospects are underpinned by strong macroeconomic fundamentals, particularly robust domestic demand, relatively lower dependence on exports, and a stable policy environment. This indicates the economy's resilience stems from internal consumption strength rather than external trade reliance.

RBI data for FY26 reveals that financial institutions reported over 10,000 cases of fraud. This figure is significant for banking sector supervision and reflects the scale of fraudulent activities affecting India's financial system.

The rupee touched an intraday high of 94.97 during trading hours, indicating temporary strengthening. The currency opened at 95.77 before recovering. Intraday highs and lows are crucial for forex traders and reflect real-time demand-supply dynamics.

ICRA upgraded Vedanta's credit rating in May 2026, marking the company's highest rating in over a decade. Credit rating upgrades reflect improved financial health and debt servicing capacity, crucial indicators monitored in economic and business-related exam questions.

RBI data revealed that India's Balance of Payments stood at a deficit of $30.8 billion in 2025-26, indicating total outflows (trade and investments) exceeded inflows by this amount. This represents a significant deterioration from the previous year.

As per official statements in May 2026, India produces approximately 72,000 metric tonnes of LPG daily from domestic sources. This figure is crucial for understanding India's energy self-reliance and import dependency for cooking fuel.

Geopolitical uncertainty concerning the U.S.-Iran ceasefire arrangement contributed to market instability in May 2026. U.S.-Iran relations historically influence global crude oil prices and energy security, both critical factors for India's import-dependent economy. Such developments are regularly featured in prelims questions on international relations.

Following the $7.5 billion drop, total forex reserves reached $681.38 billion. This figure represents India's external financial cushion for imports, debt servicing, and currency stabilization — a key indicator tracked in competitive exams.

Natco Pharma reported a net profit of ₹269 crore in Q4 FY26, marking a 34% decline. The pharmaceutical company's performance was impacted by challenges in formulation exports. Understanding corporate quarterly results is crucial for Banking and SSC exams, particularly in the business awareness section.

The government identified the onset of the agricultural season as the main driver for increased fuel demand in May 2026. Farm machinery operations during this period typically result in higher diesel and petrol consumption, especially in rural and semi-urban districts.