CA Foundation June 2026 Exam: Last Month Current Affairs Compilation & Most Likely Questions

<h2>CA Foundation June 2026 Current Affairs: What You Must Know</h2>

<p>With just one month left for your CA Foundation exam in June 2026, current affairs are a crucial scoring area. The exam tests not just your theoretical knowledge but also your awareness of real-world economic and business events. Let's compile the most important current affairs topics that are highly likely to appear in your exam.</p>

<h3>1. India's GST Collections & Economic Growth (May 2026)</h3>

<p>GST collections in India have remained consistently strong. As per latest data, monthly GST revenue hovers around ₹1.7+ lakh crores, indicating robust economic activity. This is directly relevant to your exam because:</p>

<ul>

<li><strong>Business Laws & Taxation section:</strong> You need to understand GST's role in India's indirect tax system under the Goods and Services Tax Act, 2017</li>

<li><strong>Economics section:</strong> GST collection trends reflect inflation, consumer spending, and industrial production</li>

<li><strong>What to remember:</strong> Know the current GST slab structure (5%, 12%, 18%, 28%) and how collections impact government revenue for infrastructure and welfare schemes</li>

</ul>

<h3>2. RBI Monetary Policy & Interest Rate Decisions (2026 Focus)</h3>

<p>The Reserve Bank of India's latest monetary policy stance and repo rate decisions are critical exam topics. The RBI has been managing inflation while supporting growth through calibrated rate cuts.</p>

<ul>

<li><strong>Relevant for:</strong> Business Economics and Financial Management sections</li>

<li><strong>Key concepts to focus on:</strong>

<ul>

<li>Repo rate definition and current rate (check RBI's official website for May 2026 rates)</li>

<li>How RBI controls inflation through monetary policy tools</li>

<li>Impact on lending rates, savings, and investment decisions</li>

</ul>

</li>

<li><strong>Exam tip:</strong> Understand Section 45 of the RBI Act, 1934 which empowers RBI to regulate credit and monetary policy</li>

</ul>

<h3>3. Digital Payments & Fintech Growth in India</h3>

<p>India's digital payments ecosystem has grown exponentially. UPI transactions, digital wallets, and cryptocurrency regulations remain hot topics.</p>

<ul>

<li><strong>Connected exam topics:</strong> Business Laws (data protection), Economics (financial inclusion), and Accounting (digital transaction recording)</li>

<li><strong>What students often miss:</strong> The difference between UPI, NEFT, RTGS, and IMPS in terms of speed and settlement</li>

<li><strong>Remember:</strong> Payment Systems Act, 2007 governs digital payment infrastructure in India</li>

</ul>

<h3>4. Corporate Social Responsibility (CSR) & Environmental Concerns</h3>

<p>CSR mandates under Section 135 of the Companies Act, 2013 continue to evolve. Companies must spend 2% of average net profits on CSR activities. Recent focus areas include:</p>

<ul>

<li>Environmental sustainability and climate change initiatives</li>

<li>Skill development and education programs</li>

<li>Healthcare and sanitation projects</li>

</ul>

<p><strong>Why it matters for CA Foundation:</strong> This tests your understanding of corporate governance, business ethics, and social responsibility—all essential for accountants.</p>

<h3>5. Union Budget 2026 Highlights & Fiscal Policy</h3>

<p>The 2026 budget allocation reflects India's economic priorities. Key focus areas typically include:</p>

<ul>

<li>Infrastructure development and capex spending</li>

<li>Education and healthcare sector allocations</li>

<li>Tax incentives for MSMEs and startups</li>

<li>Agricultural support schemes</li>

</ul>

<p>Students should know the basic budget structure: revenue receipts, capital receipts, revenue expenditure, and capital expenditure.</p>

<h3>6. Inflation Trends & Cost of Living</h3>

<p>Retail inflation, wholesale inflation, and their impact on purchasing power are regularly tested. Keep track of monthly inflation figures published by the Ministry of Statistics & Programme Implementation.</p>

<h3>7. Stock Market Performance & SEBI Regulations</h3>

<p>Recent market movements, IPO activity, and SEBI's regulatory updates are relevant for your Accounting Standards and Business Laws sections. Remember key SEBI regulations and the Securities and Exchange Board of India Act, 1992.</p>

<h2>Actionable Study Strategy for Current Affairs</h2>

<ol>

<li><strong>Read daily:</strong> Spend 15 minutes daily reading The Indian Express or The Economic Times business section</li>

<li><strong>Make flashcards:</strong> Note key statistics, act numbers, and policy dates</li>

<li><strong>Connect to syllabus:</strong> Link each current affairs topic to specific CA Foundation chapters</li>

<li><strong>Practice previous papers:</strong> Solve past 5 years' MCQs on current affairs to understand question patterns</li>

<li><strong>Revise weekly:</strong> Review your notes every Sunday to retain information</li>

</ol>

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<h2>Practice MCQ Questions for CA Foundation</h2>

<h3>Question 1:</h3>

<p><strong>India's monthly GST collection in 2026 has consistently exceeded ₹1.7 lakh crores. This reflects:</strong></p>

<ul>

<li>(A) Decline in economic activity</li>

<li>(B) Strong economic growth and increased consumption</li>

<li>(C) Reduction in indirect tax rates</li>

<li>(D) Depreciation of Indian rupee</li>

</ul>

<p><strong>Answer:</strong> (B) — Strong GST collections indicate robust business activity and consumer spending, confirming economic growth.</p>

<h3>Question 2:</h3>

<p><strong>The RBI's monetary policy tool that directly influences lending rates in the economy is:</strong></p>

<ul>

<li>(A) Cash Reserve Ratio (CRR)</li>

<li>(B) Statutory Liquidity Ratio (SLR)</li>

<li>(C) Repo Rate</li>

<li>(D) All of the above</li>

</ul>

<p><strong>Answer:</strong> (D) — All three are RBI tools, but the Repo Rate has the most direct and immediate impact on lending rates.</p>

<h3>Question 3:</h3>

<p><strong>Under the Companies Act, 2013, the CSR spending requirement is:</strong></p>

<ul>

<li>(A) 1% of average net profits</li>

<li>(B) 2% of average net profits</li>

<li>(C) 3% of revenue</li>

<li>(D) 5% of profits after tax</li>

</ul>

<p><strong>Answer:</strong> (B) — Section 135 of the Companies Act, 2013 mandates 2% of average net profits spent on CSR activities.</p>

<h2>Final Words</h2>

<p>Current affairs aren't just bonus points—they're an integral part of the CA Foundation exam that tests your real-world understanding of business and economics. Start your preparation now, stay updated through June, and you'll definitely crack this section. Best of luck with your CA Foundation June 2026 exam!</p>