Economy Current Affairs 2026

Explanation: The article does not say which institution releases IIP data (question not covered). It does state 'economists at the RBI have noted...' so if rewritten to ask which institution's economists noted high-frequency indicators, the correct answer would be A: RBI.

Explanation: Statement 1 is correct as the article states NPPA revised prices for 543 drug brands/packs. Statement 2 is incorrect; the article specifically mentions that prices of patented drugs like Keytruda remained unchanged. Statement 3 is correct as the revision followed a government order capping trade margins at 30% of MRP.

Explanation: The Reserve Bank of India (RBI) is India's central bank and the primary authority for monetary policy, currency management, and regulating the banking system. The article clearly states that RBI is taking steps to manage liquidity and support the rupee.

Explanation: The article is a press release from the Press Information Bureau (PIB) of the Ministry of Ports, Shipping and Waterways, and the meeting was led by its minister, Sarbananda Sonowal. Shipbuilding and port infrastructure fall under this ministry's mandate.

Explanation: As per the article, the Quick Estimate of IIP is released by the Ministry of Statistics & Programme Implementation (MoSPI). This ministry is the nodal agency for official statistics in India.

Explanation: The Pradhan Mantri Awas Yojana - Urban (PMAY-U) is implemented by the Ministry of Housing and Urban Affairs (MoHUA). The Ministry of Rural Development handles PMAY-Gramin.

Explanation: The article explicitly mentions Santosh Sarangi, Secretary of the Union Ministry of New and Renewable Energy (MNRE), providing the investment projections. The National Green Hydrogen Mission is also under the purview of MNRE.

Explanation: The article explicitly states that the 'comptroller and auditor general’s (CAG) strictures against KIIFB have become a convenient beating stick'. The CAG is the supreme audit institution of India responsible for auditing all receipts and expenditures of the Government of India and the state governments.

Explanation: The article states that the DA increase is in accordance with the formula based on the recommendations of the 7th Central Pay Commission. This commission is responsible for reviewing the pay structure of central government employees.

Explanation: As per the article, the Union Cabinet, chaired by the Prime Minister, approved the Container Manufacturing Promotion Scheme. The Union Cabinet is the supreme executive decision-making body of the Government of India.