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17 Aug 2026
Economy Affairs
India's macroeconomic outlook remains strong, driven by steady real GDP expansion, active fiscal consolidation through infrastructure Capex, and well-capitalized commercial banks with declining bad loans (GNPAs). Concurrently, retail inflation management via the RBI’s Flexible Inflation Targeting framework and robust foreign exchange reserves ensure external stability and price control.

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Monetary Policy & Inflation: RBI benchmarks the repo rate

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31
What is a non-performing asset (NPA)?
Answer: A loan classified as non-performing under applicable rules
32
Which is a direct tax?
Answer: Personal income tax
33
What does minimum support price (MSP) mean?
Answer: Government-announced price for specified crops to support farmers
34
What is the main objective of PM-KISAN?
Answer: Provide income support to eligible farmer families under scheme rules
35
Which is a secondary-sector activity?
Answer: Manufacturing
36
What is unemployment?
Answer: When people willing and able to work cannot find work
37
What is the purpose of a census?
Answer: Collect systematic information about a population
38
Which organisation publishes the Human Development Report?
Answer: United Nations Development Programme (UNDP)
39
What is microfinance?
Answer: Small-scale financial services for low-income people or small businesses
40
What is an SHG commonly used for in rural development?
Answer: Collective savings, credit access and livelihood support
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