Economy & Budget Current Affairs 2026 for SSC
One-liner questions with answers on official economic figures and decisions: RBI, GST, GDP, inflation, forex reserves, Cabinet approvals — from the news, for SSC CGL, CHSL, MTS, GD and CPO general awareness. 14 questions, newest first.
9 October 2026
By how many basis points (bps) did the RBI's Monetary Policy Committee raise interest rates on October 09, 2026?
→ 25 bps
KeyRBI revised the 2026-27 GDP growth forecast from 6.7% to 7.1%
Static GKRBI was established on 1 April 1935 under the RBI Act, 1934; HQ: Mumbai
RBI raises interest rates by 25 bps to combat inflation; shifts to ‘calibrated tightening’ →
8 October 2026
What is the new prosecution threshold for GST officers approved by the 57th GST Council?
→ ₹5 crore
KeyThe threshold was increased from ₹1 crore; general penalties were reduced to ₹10,000.
Static GKGST Council is a constitutional body under Article 279A, chaired by the Union Finance Minister
GST Council scraps arrest powers and raises prosecution threshold to ₹5 crore →
Under which Act was Paytm Payments Bank Ltd removed from the Second Schedule by the RBI?
→ Reserve Bank of India Act, 1934
KeyRemoval occurred on October 7, 2026, following a Delhi High Court winding order
Static GKRBI was established on 1 April 1935 under the RBI Act, 1934; HQ: Mumbai
RBI removes Paytm Payments Bank from Second Schedule after Delhi High Court winding order →
What is the current repo rate of the RBI after the recent 25bp hike?
→ 5.50%
KeyFirst repo rate hike by RBI since 2023
Static GKRBI was established on 1 April 1935 under the RBI Act, 1934; HQ: Mumbai
What was the level of RBI reserves in the week ended October 2?
→ $734.6 billion
KeyMarked the fourth consecutive week of decline from a September 4 peak of $785.71 billion
Static GKRBI was established on 1 April 1935 under the RBI Act, 1934; HQ: Mumbai
RBI reserves fall to $734.6 billion after four consecutive weeks of decline →
7 October 2026
Who was the RBI Governor who announced the Monetary Policy Committee's decision to hike the repo rate?
→ Sanjay Malhotra
KeyThe policy repo rate was increased by 25 basis points to 5.50%
Static GKRBI was established on 1 April 1935 under the RBI Act, 1934; HQ: Mumbai
RBI unanimously votes to hike policy repo rate by 25 basis points to 5.50% →
What is the current repo rate of the Reserve Bank of India (RBI) as of the recent hike?
→ 5.5 per cent
KeyRate increased from 5.25 per cent due to inflationary pressures and volatile crude oil prices
Static GKRBI was established on 1 April 1935 under the RBI Act, 1934; HQ: Mumbai
The Reserve Bank of India (RBI) increased the repo rate from 5.25 per cent →
6 October 2026
Under PM Modi's leadership, what was the increase in public capital expenditure cited by the Union Cabinet?
→ ₹2 lakh crore to over ₹12 lakh crore
KeyUnion Cabinet passed the resolution on October 6, 2026
Union Cabinet congratulates Modi on 25 years, citing ₹12 lakh crore capital expenditure →
5 October 2026
By how much did India's foreign exchange reserves decline in one week?
→ USD 18.34 billion
KeyAnalysis conducted by Deepanshu Mohan of O.P. Jindal Global University
India's foreign exchange reserves decline USD 18.34 billion in one week →
What was the gross GST collection from April–September 2026?
→ ₹12.46 lakh crore
KeyTaxable supplies grew 25.8% between October 2025 and July 2026
GST collections reach ₹12.46 lakh crore as taxable supplies grow 25.8% →
4 October 2026
Who is the current Principal Secretary to the Prime Minister of India?
→ Shaktikanta Das
KeyHe is a former governor of the Reserve Bank of India (RBI)
Static GKRBI was established on 1 April 1935 under the RBI Act, 1934; HQ: Mumbai
Shaktikanta Das says 'Viksit Bharat' by 2047 possible after 7.9% average growth →
2 October 2026
According to a SEBI study, what percentage of individual equity derivative traders incurred net losses?
→ 87.7 per cent
KeyNet losses totaled Rs 91,685 crore, with options causing 92 per cent of those losses
Static GKSEBI was established under the SEBI Act, 1992; HQ: Mumbai
1 October 2026
What was the average price of the Indian crude oil basket in September?
→ $116.04 per barrel
KeyThe price jumped 28.66% from $90.19 per barrel in August.
India's economy faces risks as crude oil prices jump 28.66% to $116.04 →
What was India's total external debt as of end-June according to RBI data?
→ $778.2 billion
KeyDebt-to-GDP ratio moderated to 20.8%
Static GKRBI was established on 1 April 1935 under the RBI Act, 1934; HQ: Mumbai
India's external debt rose $15.4 billion to $778.2 billion by end-June →
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