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Q1Current Affairs·Economy and Reports in NewsPYQ 2026
Which of the following is/are the most significant implication(s) of obtaining Oeko-Tex certification for Eri Silk in the global textile industry?
1. It allows Indian exporters to compete in high-end markets that prioritise chemical-free products.
2. It confirms that Eri Silk meets international safety, environmental, and quality standards, enabling its entry into premium eco-conscious markets.
Select the answer using the code given below:
- A1 only
- B2 only
- CBoth 1 and 2Correct
- DNeither 1 nor 2
Why the other options are incorrect
- Option A
The market-access implication in statement 1 is part of the keyed reading, but statement 2 is also selected. “Chemical-free” needs qualification: textile certification tests compliance with harmful-substance limits, not the literal absence of chemicals.
- Option B
Statement 2 captures buyer confidence and safety compliance, but the provisional key also accepts the premium-market implication in statement 1. These are related consequences rather than mutually exclusive choices.
- Option D
Certification is commercially meaningful: it can give buyers evidence of textile-safety compliance and improve market acceptance. Rejecting both implications would miss that connection, even though the statements use broader wording than the certification’s precise technical scope.
Q2Current Affairs·Economy and Reports in NewsPYQ 2025
Consider the following statements in respect of the International Bank for Reconstruction and Development (IBRD):
1. It provides loans and guarantees to middle-income countries.
2. It works single-handedly to help developing countries to reduce poverty.
3. It was established to help Europe rebuild after the World War II.
Which of the statements given above are correct?
- A1 and 2 only
- B2 and 3 only
- C1 and 3 onlyCorrect
- D1, 2 and 3
Explanation
Correct. IBRD lends mainly to middle-income and creditworthy lower-income countries and was originally created in the Bretton Woods framework to support post-war European reconstruction.
Why the other options are incorrect
- Option A
Statement 2 is incorrect. IBRD is part of the wider World Bank Group and does not work single-handedly.
- Option B
Statement 2 is incorrect as IBRD operates alongside IDA, IFC, MIGA and ICSID within the World Bank Group.
- Option D
Statement 2 is wrong because IBRD functions as part of the World Bank Group, not independently.
Q3Current Affairs·Economy and Reports in NewsPYQ 2023
Consider the following:
1. Affordable housing
2. Mass rapid transport
3. Health care
4. Renewable energy
On how many of the above does UNOPS Sustainable Investments in Infrastructure and Innovation (S3i) initiative focus for its investments?
- AOnly one
- BOnly two
- COnly threeCorrect
- DAll four
Explanation
Correct. UNOPS S3i focuses on affordable housing, renewable energy and health care infrastructure, but not mass rapid transport.
Why the other options are incorrect
- Option A
S3i covers more than one sector; it invests in affordable housing, renewable energy and health-related infrastructure.
- Option B
Two is too few. S3i addresses three of the four listed sectors.
- Option D
Mass rapid transport is not one of S3i's priority investment sectors.
Q4Current Affairs·Economy and Reports in NewsPYQ 2020
With reference to chemical fertilizers in India, consider the following statements:
1. At present, the retail price of chemical fertilizers is market-driven and not administered by the Government.
2. Ammonia, which is an input of urea, is produced from natural gas.
3. Sulphur, which is a raw material for phosphoric acid fertilizer, is a by-product of oil refineries.
Which of the statements given above is/are correct?
- A1 only
- B2 and 3 onlyCorrect
- C2 only
- D1, 2 and 3
Explanation
Correct. Ammonia for urea production is derived from natural gas, and sulphur used in phosphoric acid manufacture is commonly recovered as a by-product from oil refineries.
Why the other options are incorrect
- Option A
Statement 1 is incorrect because the government administers urea prices through the New Urea Policy and subsidises other fertilizers under the NBS scheme.
- Option C
Statement 3 is also correct. Refinery sulphur is a significant input for phosphatic fertilizer production.
- Option D
Statement 1 is wrong; fertilizer pricing in India is significantly government-administered, especially for urea.
Q5Current Affairs·Economy and Reports in NewsPYQ 2020
The term 'West Texas Intermediate', sometimes found in news, refers to a grade of:
- ACrude oilCorrect
- BBullion
- CRare earth elements
- DUranium
Explanation
Correct. West Texas Intermediate (WTI) is a widely used benchmark grade of crude oil in global energy markets.
Why the other options are incorrect
- Option B
WTI is not a bullion standard; gold and silver benchmarks include LBMA prices and COMEX futures.
- Option C
Rare earth elements have their own pricing categories and WTI is unrelated to them.
- Option D
Uranium is priced separately and WTI has no connection to nuclear fuel markets.
Q6Current Affairs·Economy and Reports in NewsPYQ 2019
The Global Competitiveness Report is published by the:
- AInternational Monetary Fund
- BUnited Nations Conference on Trade and Development
- CWorld Economic ForumCorrect
- DWorld Bank
Explanation
Correct. The Global Competitiveness Report is the World Economic Forum's long-running benchmarking report on national competitiveness.
Why the other options are incorrect
- Option A
The IMF publishes the World Economic Outlook and Global Financial Stability Report, not the Global Competitiveness Report.
- Option B
UNCTAD publishes trade and development reports but not the Global Competitiveness Report.
- Option D
The World Bank publishes reports like Doing Business and Global Economic Prospects, not the Global Competitiveness Report.
Q7Current Affairs·Economy and Reports in NewsPYQ 2017
The term 'Domestic Content Requirement' is sometimes seen in the news with reference to:
- ADeveloping solar power production in our countryCorrect
- BGranting licences to foreign T.V. channels in our country
- CExporting our food products to other countries
- DPermitting foreign educational institutions to set up their campuses in our country
Explanation
Correct. Domestic Content Requirement was prominent in debates over India's solar-energy procurement and WTO-related trade disputes on local manufacturing rules.
Why the other options are incorrect
- Option B
TV channel licensing in India does not involve a Domestic Content Requirement in the trade-policy sense.
- Option C
Food product exports involve SPS standards and labelling, not DCR mandates.
- Option D
Foreign educational campuses involve UGC regulations, not Domestic Content Requirement norms.
Q8Current Affairs·Economy and Reports in NewsPYQ 2017
Which of the following gives 'Global Gender Gap Index' ranking to the countries of the world?
- AWorld Economic ForumCorrect
- BUN Human Rights Council
- CUN Women
- DWorld Health Organization
Explanation
Correct. The Global Gender Gap Index is published annually by the World Economic Forum, measuring gender-based disparities across economic, political, education and health dimensions.
Why the other options are incorrect
- Option B
The UN Human Rights Council monitors human rights situations but does not publish the Gender Gap Index.
- Option C
UN Women works on gender equality but the index is a WEF product.
- Option D
WHO focuses on global health metrics, not gender gap rankings.
Q9Current Affairs·Economy and Reports in NewsPYQ 2016
India's ranking in the 'Ease of Doing Business Index' is sometimes seen in the news. Which of the following has declared that ranking?
- AOrganisation for Economic Cooperation and Development (OECD)
- BWorld Economic Forum
- CWorld BankCorrect
- DWorld Trade Organization (WTO)
Explanation
Correct. The Ease of Doing Business rankings were published by the World Bank until the report was discontinued in 2021.
Why the other options are incorrect
- Option A
OECD publishes economic reviews but the Doing Business ranking was a World Bank product.
- Option B
The WEF publishes the Global Competitiveness Report, not the Doing Business ranking.
- Option D
The WTO handles trade disputes and rules, not country business-environment rankings.
Q10Current Affairs·Economy and Reports in NewsPYQ 2016
'Global Hunger Index' is prepared by the International Food Policy Research Institute. Consider the following that go into its computation:
1. Undernourishment
2. Child stunting
3. Child mortality
Select the correct answer using the code given below.
- A1 only
- B2 and 3 only
- C1, 2 and 3Correct
- D1 and 3 only
Explanation
Correct. The Global Hunger Index incorporates undernourishment, child stunting (along with child wasting) and under-five mortality to measure hunger levels.
Why the other options are incorrect
- Option A
The GHI uses multiple indicators beyond just undernourishment, including child-nutrition and mortality metrics.
- Option B
Undernourishment is also a core GHI component alongside child stunting and mortality.
- Option D
Child stunting is also part of the GHI computation framework.
Q11Current Affairs·Economy and Reports in NewsPYQ 2015
Which one of the following issues the 'Global Economic Prospects' report periodically?
- AThe Asian Development Bank
- BThe European Bank for Reconstruction and Development
- CThe US Federal Reserve Bank
- DThe World BankCorrect
Explanation
Correct. Global Economic Prospects is the World Bank's flagship publication on the international economic outlook, issued biannually.
Why the other options are incorrect
- Option A
ADB publishes the Asian Development Outlook, not Global Economic Prospects.
- Option B
EBRD publishes its own Transition Report focused on emerging economies in its member regions.
- Option C
The US Federal Reserve issues the Beige Book and monetary policy reports, not Global Economic Prospects.
Q12Current Affairs·Economy and Reports in News
Consider the following pairs:
Term in news — Meaning
1. Inverted yield curve — Short-term interest rates exceed long-term rates
2. Stagflation — High economic growth combined with high inflation
3. Fiscal cliff — Abrupt withdrawal of government fiscal stimulus measures
Which of the pairs given above is/are correctly matched?
- A1 only
- B1 and 3 onlyCorrect
- C2 and 3 only
- D1, 2 and 3
Explanation
Correct. An inverted yield curve means short-term rates exceed long-term rates, and a fiscal cliff refers to abrupt withdrawal of fiscal measures. Stagflation means stagnant growth with high inflation, not high growth.
Why the other options are incorrect
- Option A
Pair 3 is also correctly matched. A fiscal cliff refers to the sudden reduction in government spending or increase in taxes.
- Option C
Pair 2 is incorrect. Stagflation means economic stagnation combined with high inflation, not high growth.
- Option D
Pair 2 is wrong. Stagflation refers to low growth with high inflation, not high growth with high inflation.