1. The Jute Crop Information System (JCIS) has been implemented to:
A) Increase export of jute products
B) Enable technology‑driven monitoring of jute cultivation
C) Provide subsidies to jute farmers
D) Replace traditional jute farming methods
Answer: B) Enable technology‑driven monitoring of jute cultivation
Explanation: The JCIS brings a tech boost to jute farming – a smart move to monitor one of India’s traditional fibre crops more efficiently.
2. The Periodic Labour Force Survey (PLFS) has been revamped starting from which month and year?
A) January 2024
B) January 2025
C) April 2025
D) July 2025
Answer: B) January 2025
Explanation: The PLFS , conducted by the National Statistical Office, got a fresh makeover from January 2025 – aiming for sharper and more reliable labour data.
3. Who announced the formation of a Judicial Infrastructure Advisory Committee?
A) President Droupadi Murmu
B) Prime Minister Narendra Modi
C) Chief Justice of India Surya Kant
D) Union Law Minister
Answer: C) Chief Justice of India Surya Kant
Explanation: CJI Surya Kant announced the new committee – because justice needs good infrastructure too, from courtrooms to digital facilities.
4. What is the total size of the Bharat Maritime Insurance Pool (BMIP) launched by the Department of Financial Services?
A) USD 1 billion
B) USD 1.5 billion
C) USD 2 billion
D) USD 500 million
Answer: B) USD 1.5 billion
Explanation: The BMIP is a massive USD 1.5 billion pool, backed by a sovereign guarantee of USD 1.4 billion – ensuring uninterrupted maritime insurance amid global tensions.
5. The Government of India has raised import duty on gold and silver to:
A) 10%
B) 12.5%
C) 15%
D) 18%
Answer: C) 15%
Explanation: Gold and silver just got costlier – the government hiked import duty to 15% , a move that will likely nudge prices upward for buyers.
6. Dhash Defense Systems signed an MoU with which IIT to strengthen indigenous defence mobility?
A) IIT Bombay
B) IIT Delhi
C) IIT Ropar
D) IIT Kanpur
Answer: C) IIT Ropar
Explanation: Dhash Defense Systems and IIT Ropar’s Defence Research and Innovation Foundation joined hands – a boost for ‘Make in India’ in defence mobility.
7. CII partnered with which institute to enhance digital leadership and AI governance?
A) IIT Madras
B) National University of Singapore – Institute of Systems Science (NUS-ISS)
C) Harvard Kennedy School
D) MIT Media Lab
Answer: B) National University of Singapore – Institute of Systems Science (NUS-ISS)
Explanation: The Confederation of Indian Industry (CII) and NUS‑ISS inked an MoU – a forward‑looking partnership for AI governance and digital leadership.
8. Former Indian cricketer Rahul Dravid has become the owner of which franchise in the European T20 Premier League?
A) London Lions
B) Dublin franchise
C) Edinburgh Royals
D) Paris Stars
Answer: B) Dublin franchise
Explanation: ‘The Wall’ is now a team owner – Rahul Dravid owns the Dublin franchise in the European T20 Premier League, a new chapter off the field.
9. India partnered with which international organisation to launch the COSOP 2026–2033 for rural livelihoods?
A) World Bank
B) International Fund for Agricultural Development (IFAD)
C) Asian Development Bank
D) UNDP
Answer: B) International Fund for Agricultural Development (IFAD)
Explanation: The Country Strategic Opportunities Programme (COSOP) 2026–2033 – a joint effort with IFAD – aims to boost rural incomes, resilience, and sustainable livelihoods.
10. SEBI’s proposed ‘GARUDA’ mechanism is designed to:
A) Regulate cryptocurrency trading
B) Speed up the launch of Alternative Investment Fund (AIF) schemes
C) Simplify mutual fund redemptions
D) Enhance stock market surveillance
Answer: B) Speed up the launch of Alternative Investment Fund (AIF) schemes
Explanation: GARUDA stands for “Green‑Channel: AIF Rollout Upon Document Acknowledgement” – a SEBI proposal to fast‑track AIF launches in India.
11. The Ministry of Finance empowered the Principal Bench of GSTAT, New Delhi to function as:
A) National Anti-Profiteering Authority
B) National Appellate Authority for Advance Rulings (NAAAR)
C) GST Investigation Wing
D) GST Policy Council
Answer: B) National Appellate Authority for Advance Rulings (NAAAR)
Explanation: A significant GST reform – the GSTAT principal bench in New Delhi now acts as the NAAAR , streamlining advance rulings.
12. Moody’s Ratings revised India’s GDP growth forecast for Calendar Year 2026 (CY26) to:
A) 6.5%
B) 6%
C) 5.8%
D) 7%
Answer: B) 6%
Explanation: Moody’s cut India’s forecast by 80 basis points to 6% – reflecting weaker global and domestic headwinds. Still steady, but slower.
13. CMS Info Systems secured a ₹400 crore contract from which bank for ATM management?
A) ICICI Bank
B) State Bank of India
C) HDFC Bank
D) Axis Bank
Answer: C) HDFC Bank
Explanation: CMS Info Systems bagged a ₹400 crore contract from HDFC Bank to manage around 6,000 ATMs over five years – a big win in cash management.
14. SEBI has proposed allowing depositories to use up to what percentage of interest from Investor Protection Fund (IPF) for administrative expenses?
A) 2%
B) 5%
C) 10%
D) 15%
Answer: B) 5%
Explanation: A pragmatic move – SEBI proposed allowing depositories to use up to 5% of IPF interest earnings for administrative and statutory expenses.
15. The Reserve Bank of India introduced the Foreign Exchange Management (Authorised Persons) Regulations, 2026 to:
A) Ban forex trading
B) Rationalise authorisation and renewal framework for forex dealers
C) Fix exchange rates
D) Restrict foreign investment
Answer: B) Rationalise authorisation