Economy and Banking Current Affairs Questions
200 questions with answers and explanations in this section. Last updated 2026-10-01 by the axomexam team.
Economy and banking links current events with the static economy portion of the syllabus. Questions come from the Union Budget, GDP and inflation figures, Reserve Bank policy decisions, tax changes, new bank schemes and the work of financial institutions. The facts are numerical and precise, which makes them very scoreable once noted.
Axomexam collects the year's economic developments with their figures, institutions and dates, so you can revise the budget allocations, the repo rate decisions and the flagship financial schemes together. The explanations point out the link to the static economy concepts, which helps in the general studies paper as well.
What economy and banking questions cover
- The Union Budget — allocations, new schemes, tax proposals and fiscal targets.
- Gross domestic product, inflation, and other economic indicators.
- Reserve Bank of India policy — the repo rate, monetary policy and regulatory changes.
- Banking developments — new schemes, mergers, digital payments and financial inclusion.
- Taxes — changes in direct and indirect tax and the goods and services tax.
- International financial institutions such as the IMF, World Bank and Asian Development Bank.
Why the figures matter
Unlike most current affairs topics, economy questions often hinge on a number. The examiner may ask for the size of a budget allocation, the percentage growth of GDP, or the current repo rate. This means the figures must be learnt accurately. Note each figure with its unit and the period it refers to, because confusing a lakh crore with a thousand crore, or a quarter with a year, is the most common reason for losing these marks.
How to prepare economy and banking
- Read the budget summary and note the major allocations with their scheme names.
- Track the Reserve Bank's monetary policy decisions and the current repo rate.
- Keep a table of key economic indicators with their latest values.
- Link every new scheme to the ministry or institution implementing it.
- Revise tax changes with the section of the act they affect.
- Attempt the set before the static economy revision to make the overlap useful.
Sample Economy & Banking questions with answers
These are a few of the questions from this section. Every question carries the correct answer and a short explanation, and the full list is read online in English or Assamese.
- Who is currently serving as the Governor of the Reserve Bank of India (RBI)?
Answer: Shaktikanta Das
Retired IAS officer Shaktikanta Das is serving as the 25th Governor of the Reserve Bank of India.
উত্তৰ: শক্তিকান্ত দাস - What is the total number of members of the RBI's Monetary Policy Committee (MPC)?
Answer: 6 members
Three members are internal RBI officials and the other three are nominated by the central government; the Governor serves as the ex-officio chairperson.
উত্তৰ: ৬ জন সদস্য - What is the range of the target set by the Reserve Bank for controlling inflation?
Answer: 4% (with a tolerance band of ±2%, i.e. 2% to 6%)
The RBI's Monetary Policy Committee sets this target on the basis of the Consumer Price Index (CPI).
উত্তৰ: ৪% (±২% সহনশীলতা সীমা, অৰ্থাৎ ২% ৰ পৰা ৬%) - What is the name of the Central Bank Digital Currency (CBDC) introduced by the Reserve Bank?
Answer: Digital Rupee (e₹ or e-Rupee)
e-Rupee is the official sovereign digital currency issued by the RBI, based on blockchain and DLT.
উত্তৰ: ডিজিটেল টকা (e₹ বা e-Rupee) - With what has the RBI established interoperability to expand retail e-Rupee (e₹-R) transactions?
Answer: UPI QR Code
Users can pay with e-Rupee by directly scanning any merchant UPI QR from the digital wallet.
উত্তৰ: ইউ পি আই কিউ আৰ ক'ড (UPI QR Code) - What is the main purpose of the RBI's 'SACHET' portal?
Answer: Filing complaints against illegal deposit collection and fraudulent financial institutions
This portal was launched to curb the activities of financial companies illegally collecting money from the public.
উত্তৰ: অবৈধ জমা সংগ্ৰহ আৰু ভুৱা বিত্তীয় প্ৰতিষ্ঠানৰ বিৰুদ্ধে অভিযোগ দাখিল - What is the centralised portal launched by the RBI to find Unclaimed Deposits?
Answer: UDGAM (Unclaimed Deposits Gateway to Access Information)
This portal was created to provide the public with information on deposits lying unused in banks for 10 years or more.
উত্তৰ: উদ্গম পৰ্টেল (UDGAM - Unclaimed Deposits Gateway to Access Information) - According to RBI rules, after how many years without any transaction is an account considered an 'Unclaimed Deposit'?
Answer: 10 years
Banks transfer deposits lying inoperative for 10 years to the RBI's Depositor Education and Awareness (DEA) Fund.
উত্তৰ: ১০ বছৰ - What is the RBI's 'Utkarsh 2.0' related to?
Answer: The RBI's medium-term strategic reforms and regulatory framework
This programme is undertaken to strengthen the central bank's policy transparency, technological security and supervisory capacity.
উত্তৰ: আৰ বি আইৰ মধ্যকালীন কৌশলগত সংস্কাৰ আৰু নিয়ন্ত্ৰণ কাঠামো - What is the main function of the RBI's 'PRAVAAH' portal?
Answer: Online application process for licences, approvals and regulatory authorisations
Digital applications have become possible through PRAVAAH (Platform for Regulatory Application, Validation and AutHorisation).
উত্তৰ: অনুজ্ঞাপ্ৰত্ৰ, অনুমোদন আৰু নিয়ন্ত্ৰক অনুমোদনৰ অনলাইন আবেদন প্ৰক্ৰিয়া - What is the name of the mobile app released by the RBI to help visually impaired people identify banknotes?
Answer: MANI app (Mobile Aided Note Identifier)
This app identifies the value of Indian currency through the camera and informs the user through audio.
উত্তৰ: মানী এপ (MANI - Mobile Aided Note Identifier) - Under the RBI's Clean Note Policy, which banknote was withdrawn from circulation?
Answer: The ₹2000 note
On 19 May 2023 the RBI announced the withdrawal of the ₹2000 note, although its legal tender status has been retained.
উত্তৰ: ২০০০ টকাৰ নোট
Frequently Asked Questions
Is economy and banking important for ADRE and APSC?
Yes. It contributes a steady number of questions, and the overlap with the static economy section makes preparation efficient.
Do I need to memorise exact figures?
For major items such as the budget size, GDP growth and the repo rate, yes. For smaller allocations, knowing the approximate figure is usually enough to eliminate wrong options.
Which banking topics are asked most?
RBI policy decisions, the repo rate, financial inclusion schemes and digital payment developments are asked most frequently.
Are international financial institutions asked?
Occasionally, mainly their reports, projections and heads. The IMF and World Bank appear most often.
Are the Economy and Banking Current Affairs questions available in Assamese and English?
Yes — the content is fully bilingual. You can switch between Assamese and English at any point while working through Economy and Banking Current Affairs, which helps when a term is clearer in one language than the other.
Is the economy and banking section free?
Yes. All economy and banking content is free with no login or subscription.
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