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Current Affairs and Economic Development: Objective Questions and Answers

Important current affairs from 2025 and 2026, including Nobel Prize winners, Nepal's economic indicators, and national awards.

2 min read

Introduction

Staying updated with current affairs and economic development is vital for competitive exams. This article summarizes key global and national events from late 2024 to early 2026, focusing on awards, indices, and economic targets.

Main Content

  • Nobel Prize 2025: Literature (Laszlo Krasznahorkai), Peace (Maria Corina Machado - related to Venezuela), Economics (Daron Acemoglu, Philip Aghion, and others).
  • Nepal's Economic Targets (16th Plan): Consumer inflation target of 5%, Human Assets Index target of 78, and road density target of 0.77 km/sq km.
  • Budget 2082/83: Total budget of 19.64 trillion NPR with a 6% economic growth target and 5.5% inflation limit.
  • Indices 2025/26: Global Innovation Index (107th), Henley Passport Index (108th), Rule of Law Index (72nd), and Global Prosperity Index (110th).
  • National Events: Nepal's satellite 'Munal' launched on Poush 28, 2082. The 10th National Games are scheduled for Falgun 1-7, 2082, in Surkhet.
  • Aviation: Nepal signed its 42nd aviation agreement with Switzerland on February 6, 2024.
  • Environment: 6.54% of the FY 2082/83 budget is allocated for climate change mitigation.

Key Takeaways

  • Economic Growth Target (FY 2082/83): 6%.
  • Nepal's Per Capita Income (LDC criteria): $1,404 (Threshold is $1,306).
  • Electricity Access in Nepal: 99% (including alternative energy).
  • Madan Puraskar 2081 Winner: Chuden Kabimo for 'Fatsung'.

What to Avoid

  • Misstating the budget for FY 2082/83; it is 19.64 trillion NPR, not 19.64 billion.
  • Confusing the 2025 Nobel Peace Prize winner's country; it is associated with Venezuela.
  • Misdating the 10th National Games; they are in Falgun 2082, not Baisakh.

FAQ

Q1: What is the target economic growth rate for FY 2082/83? 6 percent.

Q2: Where will the 10th National Games be held? Surkhet, Karnali Province.

Q3: When was the 2569th Buddha Jayanti celebrated? Baisakh Shukla Purnima, 2082 BS.

Q4: Who is the author of the Madan Puraskar 2081 winning book 'Urmal'? Chuden Kabimo.

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