CURRENT AFFAIRS

The Multidimensional Poverty Index (MPI) is a composite measure of poverty that goes beyond income-based indicators. 

Gross Fixed Capital Formation (GFCF) refers to the net investment in fixed assets within an economy over a specified period. 

The Department of Financial Services, Ministry of Finance has notified the merger of 26 Regional Rural Banks (RRBs) on the principle of ‘One State-One RRB’.

Food Security implies that all individuals, at all times, have physical, social, and economic access to adequate, safe, and nutritious food that meets their dietary needs and food preferences for an active and healthy life.

The International Monetary Fund (IMF) is a global financial institution.

The World Bank Group (WBG) is an important multilateral financial institution.

The WTO Agreement on Fisheries Subsidies was adopted during the 12th WTO Ministerial Conference (MC12) held in Geneva, Switzerland in June 2022.

Before the establishment of the WTO in 1995, global trade was governed by the General Agreement on Tariffs and Trade (GATT), created in 1947.

Foreign Direct Investment (FDI) is the investment made by a company or individual from one country into business operations or assets located in another country. 

A Trade Deficit, also known as a negative trade balance, occurs when the value of a country’s imports exceeds the value of its exports over a given period.