14th October 2026

Explanation - It is a comprehensive report published twice a year by the International Monetary Fund (IMF). The WEO is usually published in April and October, followed by the less comprehensive WEO updates in July and January. It includes the IMF’s estimates and forecasts for global output growth and inflation as well as for real gross domestic product (GDP) growth, consumer prices, current account balances, and unemployment in the IMF’s member countries, The data is drawn from IMF representatives’ consultations with member countries, and is included in the WEO database.

Explanation - Bharat Tulip (Traditional Artisans’ Upliftment Livelihood Programme)was launched in 2024. It is an initiative by the National Backward Classes Finance and Development Corporation (NBCFDC) under the Ministry of Social Justice and Empowerment. It is a transformative platform designed to empower marginalised artisans by integrating them into the global digital economy. Objectives — Empower artisans with access to digital marketplaces. Enable artisans to participate in domestic/global trade fairs, exhibitions, and fashion shows. Functions of Tulip — E-Commerce Integration: Tulip collaborates with leading e-commerce platforms to expand artisans' reach and boost sales opportunities. Facilitating Sales: It enables artisans to sell high-quality products through digital marketplaces. Quality Assurance: Ensuring rigorous quality checks so that only premium products are delivered directly to customers. Skill Development: Providing essential training to artisans to improve craftsmanship and market readiness. Global Outreach: Expanding artisans' presence on international B2C platforms to tap into global markets. Participation in Fair: Offering artisans opportunities to showcase and sell their products at national and international fairs, opening new revenue streams.

Explanation - It occurs when a blood clot forms in one of the arteries that supply blood to the heart muscle. These arteries carry oxygen and nutrients that the heart needs to function. When a clot partly or completely blocks an artery, less blood reaches the heart muscle. If the blood supply is cut off for too long, the heart muscle can become damaged, leading to a heart attack. This form of thrombosis is often associated with atherosclerosis, in which fatty deposits, cholesterol and other substances build up in the artery walls. Causes — Smoking is a major risk factor for coronary thrombosis as it can damage the blood vessels and promote the formation of blood clots. High cholesterol levels can lead to the buildup of plaque in the arteries, increasing the risk of atherosclerosis and coronary thrombosis. Hypertension can cause the arteries to become narrowed and damaged. Obesity and a sedentary lifestyle are associated with an increased risk of coronary thrombosis. Treatment — It may include medications like blood thinners, clot-busting drugs, and antiplatelet agents. Procedures such as angioplasty with stent placement or coronary artery bypass surgery may be necessary to restore blood flow to the heart.

Explanation - It is a flagship initiative of the Government of India. It aims to provide long-term financing or refinancing with long tenors at low or nil interest rates to spur private sector investment in Research Development and Innovation. Nodal Department: The Department of Science & Technology (DST). Key Objectives of the Research Development and Innovation Fund — Encourage the private sector to scale up research, development, and innovation (RDI) in sunrise domains and in other sectors relevant for economic security, strategic purpose, and self-reliance; Finance transformative projects at higher levels of Technology Readiness Levels (TRL) Support acquisition of technologies which are critical or of high strategic importance Facilitate setting up of a Deep-Tech Fund of Funds. Governance: The Governing Board of Anusandhan National Research Foundation (ANRF), chaired by the Prime Minister, will provide overarching strategic direction to the RDI Scheme. Funding Mechanism of Research Development and Innovation Fund — Implementation Structure — Special Purpose Fund (SPF): It will be established within the Anusandhan National Research Foundation (ANRF), which will serve as the custodian of the ₹1 lakh crore corpus. (Fund will not directly invest in industries and startups but will channel capital to Second-level fund managers) Second-level fund managers: Who can be Alternative Investment Funds (AIF), Development Finance Institutions (DFI), Non-banking Finance Companies (NBFCs). Modes of Financing — Long-term loan at low or nil interest rates. Financing in the form of equity may also be done, especially in case of startups.

Explanation - Unlike the other Nobel prizes, the economics award wasn’t established in the will of Alfred Nobel but by the Swedish central bank in his memory in 1968, with the first winner selected a year later. It is the last prize announced each year. The prizes as established by his will are the Nobel Prize for Physics, the Nobel Prize for Chemistry, the Nobel Prize for Physiology or Medicine, the Nobel Prize for Literature, and the Nobel Prize for Peace.