WEEKLY CURRENT AFFAIRS (01 APRIL 2026 to 07 APRIL 2026)

DateEventExplanation
01.04.2026Start of Financial Year 2026–27India commenced FY 2026–27 with emphasis on fiscal consolidation and increased capital expenditure. Government prioritised infrastructure growth, manufacturing push, and employment generation while aiming to reduce fiscal deficit gradually.
01.04.2026New Income Tax Rules ImplementationRevised income tax provisions and compliance measures came into effect, including digital reporting improvements and simplification of filing systems, aimed at increasing transparency, widening tax base, and improving revenue mobilisation.
01.04.2026LPG & Fuel Price RevisionOil marketing companies revised LPG cylinder prices based on global crude fluctuations. Such revisions directly affect inflation, household expenditure, and government subsidy burden, especially impacting middle- and lower-income groups.
01.04.2026Global Oil Price SurgeCrude oil prices increased due to geopolitical instability in West Asia, affecting India’s import bill, widening current account deficit, and exerting inflationary pressure on fuel and transport sectors.
01.04.2026Banking Sector Financial Year ResetBanks recalibrated lending targets, NPA recovery strategies, and credit expansion plans aligned with RBI guidelines, influencing liquidity flow, MSME financing, and economic growth momentum.
02.04.2026Government Austerity Measures DiscussionThe Union Government began internal discussions on expenditure rationalisation to maintain fiscal discipline amid rising subsidy burden and external economic pressures, without compromising infrastructure investment.
02.04.2026Digital Payments Growth in IndiaUPI and digital transaction volumes continued strong growth trajectory, reflecting financial inclusion, reduced cash dependency, and strengthening of India’s fintech ecosystem globally.
02.04.2026Agricultural Procurement Policy UpdatesGovernment reviewed MSP procurement mechanisms to ensure farmer income stability and food security, while balancing fiscal constraints and reducing excess stock burden in FCI warehouses.
02.04.2026Rupee Depreciation PressureIndian Rupee showed signs of depreciation due to global capital outflows and rising oil prices, impacting import costs and requiring RBI monitoring for exchange rate stability.
03.04.2026India Wins ICC Men’s T20 World Cup 2026India secured historic third T20 World Cup title, becoming most successful team. This boosts sports economy, youth participation, and international prestige while highlighting importance of sports infrastructure and governance.
03.04.2026Semiconductor Mission ProgressIndia reviewed progress under semiconductor manufacturing initiatives aimed at reducing import dependency, enhancing technological sovereignty, and promoting domestic electronics manufacturing ecosystem.
03.04.2026Global Supply Chain DisruptionsContinued geopolitical tensions led to disruptions in shipping routes and logistics networks, affecting global trade flows and increasing costs for import-dependent economies like India.
03.04.2026Employment Data TrendsEarly indicators suggested moderate employment growth in formal sector, supported by infrastructure projects and digital economy expansion, though concerns remain regarding informal sector recovery.
04.04.2026Strait of Hormuz TensionsStrategic chokepoint witnessed disruptions affecting global oil supply. India, heavily dependent on imports through this route, faces energy security risks and may rely on strategic petroleum reserves.
04.04.2026Renewable Energy Push in IndiaGovernment accelerated renewable energy targets including solar and wind capacity expansion to reduce fossil fuel dependency and meet climate commitments under international agreements.
04.04.2026Climate Change Policy DiscussionsIndia emphasised climate justice and equity in global forums, advocating developed nations’ responsibility in emissions reduction while balancing its own development needs.
04.04.2026Defence Preparedness ReviewIndia reviewed defence logistics and preparedness amid global geopolitical uncertainties, focusing on self-reliance under “Atmanirbhar Bharat” initiative in defence manufacturing.
05.04.2026Capital Outflows from Emerging MarketsForeign investors pulled funds from emerging economies including India due to global uncertainty, affecting stock markets, currency stability, and investment sentiment.
05.04.2026Inflationary Pressures IncreaseRising fuel prices contributed to inflation concerns, impacting cost of living, RBI policy decisions, and government subsidy strategies to protect vulnerable populations.
05.04.2026Startup Ecosystem DevelopmentsIndian startup ecosystem continued to witness funding fluctuations, with focus shifting towards profitability, sustainability, and deep-tech innovation sectors.
 Food Security MonitoringGovernment monitored food grain stocks and distribution under NFSA to ensure stability amid inflation and global supply uncertainties.
06.04.2026RBI Monetary Policy ApproachRBI adopted cautious “wait and watch” stance balancing inflation control and growth support, using tools like repo rate adjustments, liquidity management, and forward guidance.
06.04.2026Banking Liquidity ManagementRBI ensured adequate liquidity in banking system to support credit growth while preventing overheating of economy and maintaining financial stability.
06.04.2026Digital Economy ExpansionContinued expansion of e-commerce, fintech, and digital services contributed to GDP growth and employment, reflecting structural transformation of Indian economy.
06.04.2026Industrial Growth IndicatorsManufacturing sector showed moderate growth supported by government incentives like PLI schemes, though global demand uncertainties pose risks.
07.04.2026World Health Day 2026Observed to highlight global health priorities such as universal healthcare, disease prevention, and mental health awareness. Important for linking health governance with SDGs and public policy.
07.04.2026WHO’s Role in Global HealthThe World Health Organization continues to play key role in coordinating international health responses, pandemic preparedness, and strengthening healthcare systems worldwide.
07.04.2026India’s Healthcare Policy FocusIndia emphasised strengthening primary healthcare, digital health infrastructure, and affordable medicine access under schemes like Ayushman Bharat.
07.04.2026Fiscal Deficit ReviewGovernment reaffirmed commitment to fiscal discipline despite global challenges, balancing welfare schemes with capital expenditure to sustain economic growth.

Weekly Current Affairs MCQs (01 APRIL 2026 to 07 APRIL 2026)

S.NoQuestionOptionsAnswerExplanation
1BIMSTEC Summit 2026 hosted by?A) India B) Thailand C) Sri Lanka D) BangladeshBThailand hosted BIMSTEC Summit focusing on Bay of Bengal regional cooperation and connectivity enhancement.
2India signed green energy pact with?A) USA B) Germany C) UAE D) JapanBIndia and Germany collaborated on renewable energy, hydrogen mission, and climate financing strategies.
3RBI launched ULI related to?A) Payments B) Lending C) Insurance D) TaxBUnified Lending Interface ensures transparency and efficiency in digital credit ecosystem.
4World Autism Awareness Day?A) April 1 B) April 2 C) April 3 D) April 4BObserved April 2 globally to spread awareness and promote inclusion of autistic individuals.
5IMF India GDP forecast 2026?A) 6.2% B) 6.5% C) 6.8% D) 7%BIMF estimates 6.5% growth driven by domestic demand and infrastructure investments.
6WMO report relates to?A) Economy B) Climate C) Trade D) HealthBWMO monitors global weather and climate changes, highlighting global warming concerns.
7AI traffic system launched in?A) Delhi B) Bengaluru C) Mumbai D) ChennaiBBengaluru implemented AI-based traffic control improving congestion and travel efficiency.
8National Maritime Day?A) April 5 B) April 6 C) April 7 D) April 4AMarks India’s maritime sector contributions and first voyage of SS Loyalty.
9Agri Drone Scheme launched by?A) MoA B) MoRD C) MoCA D) DSTAMinistry of Agriculture promotes drone usage for precision farming and efficiency.
10SBI biometric ATM feature purpose?A) Speed B) Security C) Cost D) TaxBEnhances security by replacing PIN with biometric authentication reducing fraud.
11India rank in GII 2026?A) 38 B) 40 C) 42 D) 45BIndia improved ranking due to strong startup ecosystem and R&D growth.
12Startup Summit 2026 held in?A) Delhi B) Hyderabad C) Mumbai D) PuneBHyderabad emerged as innovation hub hosting global startups and investors.
13BRICS new member 2026?A) Argentina B) Egypt C) Saudi Arabia D) UAECSaudi Arabia strengthens energy and economic cooperation within BRICS.
14Forex reserves approx India?A) $600B B) $620B C) $650B D) $700BCStrong reserves ensure economic stability and currency management.
15SDG Index topper India?A) Kerala B) Gujarat C) Tamil Nadu D) KarnatakaAKerala excels in health, education and sustainability indicators.
16Green Hydrogen Mission aim?A) Coal B) Oil C) Hydrogen D) NuclearCPromotes clean fuel reducing carbon emissions and import dependency.
17Carbon Border Tax relates to?A) Import duty B) Climate tax C) Export duty D) GSTBImposes tariffs based on carbon emissions to promote green production globally.
18Semiconductor mission outlay?A) ₹50k Cr B) ₹76k Cr C) ₹90k Cr D) ₹1L CrBGovernment aims to develop domestic semiconductor manufacturing ecosystem.
19Blue Economy relates to?A) Space B) Ocean C) Land D) IndustryBFocuses on sustainable use of ocean resources for economic growth.
20UPI relates to?A) Loans B) Payments C) Insurance D) TaxBUnified Payments Interface revolutionized digital transactions in India.
21AI policy framework India?A) AI Law B) Ethics Framework C) AI Code D) AI Policy 2BEnsures responsible AI use focusing on ethics and privacy.
22Digital India target year?A) 2025 B) 2030 C) 2035 D) 2040BAims for full digital governance and infrastructure by 2030.
23India literacy scheme?A) SSA B) NILP C) NEP D) RMSABNew India Literacy Programme focuses on adult education.
24Military spending leader?A) USA B) China C) Russia D) IndiaAUSA leads due to high defense budget and global presence.
25Climate finance goal?A) $50B B) $100B C) $200B D) $500BBDeveloped countries pledged $100B annually to developing nations.
26Women entrepreneurship platform?A) NRLM B) Udyam Sakhi C) Startup India D) MudraBSupports women entrepreneurs with funding and training.
27Digital lending regulator?A) SEBI B) RBI C) NABARD D) IRDAIBRBI regulates financial system including digital lending.
28India AI hub city?A) Pune B) Bengaluru C) Delhi D) JaipurBBengaluru is leading hub for AI startups and tech innovation.
29Organic farming state leader?A) Punjab B) Sikkim C) Haryana D) UPBSikkim is India’s first fully organic state.
30Startup India launched in?A) 2014 B) 2015 C) 2016 D) 2017CInitiative promotes entrepreneurship and innovation ecosystem.
31RBI controls?A) Fiscal B) Monetary C) Trade D) AgricultureBRBI manages monetary policy controlling inflation and liquidity.
32Inflation measured by?A) GDP B) CPI C) IIP D) WPIBCPI measures consumer price changes affecting cost of living.
33GDP full form?A) Gross Dev Product B) Gross Domestic Product C) Global Dev Product D) NoneBMeasures total value of goods and services produced.
34Climate body UN?A) WHO B) UNEP C) IMF D) WTOBUNEP coordinates environmental activities globally.
35AI stands for?A) Auto Info B) Artificial Intelligence C) Advanced Info D) NoneBTechnology enabling machines to simulate human intelligence.
36India’s digital backbone?A) GST B) UPI C) Aadhaar D) AllDAll systems collectively support digital governance.
37ISRO belongs to?A) Defence B) Space C) Science D) TechBIndian Space Research Organisation handles space missions.
38Green energy includes?A) Coal B) Solar C) Oil D) GasBSolar energy is renewable and eco-friendly.
39SDG full form?A) Sustainable Dev Goals B) Social Dev Goals C) System Dev Goals D) NoneAUN goals for sustainable global development.
40Digital payment leader India?A) Paytm B) UPI C) Cash D) CardBUPI dominates digital transactions with ease and speed.
41GST introduced year?A) 2015 B) 2016 C) 2017 D) 2018CGST unified indirect taxation system in India.
42NITI Aayog role?A) Planning B) Advisory C) Execution D) JudiciaryBActs as policy think tank replacing Planning Commission.
43Startup funding stage early?A) Seed B) IPO C) Growth D) MatureASeed funding supports initial business development.
44Smart Cities Mission?A) 50 B) 75 C) 100 D) 150CMission aims to develop 100 smart cities across India.
45Inflation cause?A) Low demand B) High demand C) Low supply D) Both B & CDInflation occurs due to demand-supply mismatch.
46GDP sector largest India?A) Agriculture B) Industry C) Services D) TradeCServices sector contributes maximum to GDP.
47Banking regulator India?A) SEBI B) RBI C) NABARD D) IRDAIBRBI regulates banking and financial system.
48Financial inclusion scheme?A) PMJDY B) PMFBY C) PMAY D) PMKSYAPradhan Mantri Jan Dhan Yojana promotes banking access.
49Digital identity India?A) PAN B) Aadhaar C) Voter ID D) PassportBAadhaar provides unique biometric identity.
50Renewable energy target India?A) 300GW B) 400GW C) 500GW D) 600GWCIndia targets 500GW renewable energy capacity by 2030.
51Blue revolution relates?A) Fishery B) Dairy C) Agriculture D) PoultryAFocuses on fish production and aquaculture development.
52White revolution?A) Milk B) Rice C) Wheat D) OilALed to massive growth in milk production.
53Green revolution?A) Industry B) Agriculture C) Trade D) ITBIncreased agricultural productivity using HYV seeds.
54Startup ecosystem driver?A) Policy B) Funding C) Innovation D) AllDAll factors contribute to startup growth.
55Digital governance benefit?A) Transparency B) Delay C) Corruption D) CostAImproves efficiency and reduces corruption.
56Climate change impact?A) Cooling B) Floods C) Stability D) NoneBLeads to extreme weather events like floods and droughts.
57AI use in governance?A) Traffic B) Health C) Data D) AllDAI improves decision making across sectors.
58Fintech relates?A) Finance+Tech B) Farming C) Food D) FuelACombines finance with technology innovations.
59Economic growth indicator?A) CPI B) GDP C) WPI D) IIPBGDP reflects economic performance.
60Budget deficit means?A) Profit B) Loss C) Excess spending D) NoneCOccurs when expenditure exceeds revenue.
61Forex managed by?A) SEBI B) RBI C) Govt D) BanksBRBI manages foreign exchange reserves.
62Digital divide means?A) Tech gap B) Income gap C) Gender gap D) NoneAGap between people with and without digital access.
63Urbanization leads to?A) Growth B) Pollution C) Migration D) AllDUrbanization impacts multiple socio-economic aspects.
64Skill India aims?A) Jobs B) Skills C) Growth D) AllDFocuses on skill development for employment.
65Make in India?A) Import B) Export C) Manufacturing D) TradeCPromotes domestic manufacturing sector.
66Startup India focus?A) Jobs B) Innovation C) Export D) TaxBEncourages entrepreneurship and innovation.
67Financial literacy importance?A) Savings B) Awareness C) Planning D) AllDHelps individuals make informed financial decisions.
68Cyber security needed for?A) Data B) Safety C) Privacy D) AllDProtects digital systems and information.
69Blockchain used in?A) Crypto B) Banking C) Supply chain D) AllDEnables secure and transparent transactions.
70Key CA focus 2026?A) AI B) Climate C) Economy D) AllDThese areas dominate current affairs across exams.

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