UPSC Static Quiz – Economy : 25 March 2026 We will post 5 questions daily on static topics mentioned in the UPSC civil services preliminary examination syllabus. Each week will focus on a specific topic from the syllabus, such as History of India and Indian National Movement, Indian and World Geography, and more. We …
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Source: News on Air Subject: Economics Context: Union Minister extended greetings to the Agricultural and Processed Food Products Export Development Authority (APEDA) on its 40th establishment day. About 40 Years of Agricultural and Processed Food Products Export Development Authority (APEDA): What it is? APEDA is a statutory export promotion authority established under the APEDA Act, …
Source: PIB Subject: Economics Context: MoSPI has released the first CPI (Base 2024=100) press note on 12 Feb 2026, reporting Jan 2026 retail inflation at 2.75%. About Consumer Price Index (CPI) Base 2024=100: What it is? Consumer Price Index (CPI) measures the change in retail prices of a fixed basket of goods and services consumed …
Source: TH Subject: Economics/Science and Technology Context: The Centre has formally defined and notified eligibility criteria for ‘deep tech’ start-ups through a DPIIT gazette notification. About Deep Tech Start-ups: What it is? Deep tech start-ups are enterprises that build solutions based on new scientific or engineering knowledge, involving high technical uncertainty, long gestation periods, and …
Source: IE Subject: Geography/Economics Context: The Union Budget 2026–27 announced the establishment of dedicated Rare Earth Corridors in four coastal states to strengthen India’s critical minerals ecosystem. About Budget 2026–27: Announcement for Rare Earth Corridors: What are Rare Earth Corridors? Rare Earth Corridors are integrated, state-anchored industrial value chains designed to link mining, processing, research …
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Source: LM Subject: Art and Culture/Economics Context: In the Union Budget 2026–27, Finance Minister Nirmala Sitharaman announced a new scheme to develop a Buddhist Circuit in the Northeast to preserve temples and monasteries and promote tourism. About Union Budget 2026–27 announces scheme to develop Buddhist Circuit in Northeast: What it is? The Buddhist Circuit (Northeast) …
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Source: PIB Subject: Agriculture/ Economics Context: The Union Budget 2026–27 significantly increased allocations for livestock and fisheries (increase of 26.7%), recognising them as the main drivers of agriculture growth (4.6% in FY26). About Union Budget 2026–27: Big Push to Livestock and Fisheries Growth What it is? The allocation for the Ministry of Fisheries, Animal Husbandry, …
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Source: TOI Subject: Economics/Government scheme Context: The Government of India is set to launch a pilot program for Central Bank Digital Currency (CBDC), also termed Digital Food Currency, in February 2026. This initiative targets beneficiaries in Chandigarh, Puducherry, and three districts of Gujarat (Anand, Sabarmati, and Dahod) to streamline the world’s largest free food security …
Source: ET Subject: Economics/Geography Context: The Government of India officially notified Coking Coal as a Critical and Strategic Mineral under the MMDR Act, 1957, a major reform aimed at slashing the country’s 95% import dependence. About Government Notifies Coking Coal as Critical & Strategic Minerals: What is it? By notifying Coking Coal as a Critical …
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Source: LM Subject: Economics Context: Chief Economic Advisor V. Anantha Nageswaran will present the Economic Survey 2026 on January 29, 2026, providing a comprehensive report card of the nation’s economy ahead of the Union Budget on February 1. About The Economic Survey of India 2026: What is the Economic Survey? The Economic Survey is the …
Source: News on Air Subject: Economics Context: The first meeting of the Payments Regulatory Board (PRB) was held in Mumbai under the chairmanship of Sanjay Malhotra, marking the operationalisation of the new payments governance framework. About Payments Regulatory Board (PRB): What it is? The Payments Regulatory Board (PRB) is the statutory body through which the …
Source: ET Subject: Economics Context: Copper prices touched a record high of over USD 12,000 per tonne in 2025, driven by US tariff uncertainty, global supply disruptions and surging demand from AI, clean energy and EVs. About Copper: What it is? Copper (Cu) is a naturally occurring metallic element (Atomic number: 29) known for its …
Source: TH Subject: Economics Context: Rare-earth elements are drawing global attention as essential inputs for green technologies, electronics, and defence systems, amid supply-chain vulnerabilities. About Rare-earth elements (REEs): What they are? Rare-earth elements are a group of 17 metallic elements comprising the 15 lanthanides (lanthanum to lutetium) plus scandium and yttrium, known for their unique …
Source: TOI Subject: Economics Context: India’s IPO market has touched record highs, raising about ₹3.8 lakh crore through 701 IPOs in the last two years (2024–25), surpassing the previous four-year total. About Initial Public Offering (IPO): What it is? An Initial Public Offering (IPO) is the process through which a private company offers its shares …
Source: PIB Subject: Polity/Economics Context: The Union government has constituted the Bureau of Port Security (BoPS) as a statutory body under the Merchant Shipping Act, 2025 to strengthen port and maritime security. About Bureau of Port Security (BoPS): What it is? The Bureau of Port Security (BoPS) is a statutory regulatory authority responsible for the …
Source: TOI Subject: Economics Context: China has filed a fresh complaint against India at the World Trade Organization (WTO) challenging India’s solar subsidies and tariff measures. About China files WTO complaint against India: What is the issue? China has sought formal consultations with India under the WTO framework regarding subsidies for India’s photovoltaic (solar) sector. …
Source: ANI Subject: Economics Context: India’s trade deficit fell sharply to $6.6 billion in November 2025, driven by a strong rise in merchandise exports and a decline in merchandise imports (notably lower gold imports). About Trade deficit: What it is? A trade deficit occurs when the value of a country’s imports exceeds the value of …
