1. The Ahmedabad (Sarkhej)–Dholera Semi High‑Speed Double Line rail project has been approved at an estimated cost of:
A) ₹15,000 crore
B) ₹20,667 crore
C) ₹25,000 crore
D) ₹18,500 crore
Answer: B) ₹20,667 crore
Explanation: The Union Cabinet gave a big rail boost to Gujarat – a ₹20,667 crore project that will transform connectivity to the Dholera Special Investment Region.
2. The ₹37,500 crore scheme approved by the Union Cabinet is aimed at promoting:
A) Solar energy projects
B) Surface coal and lignite gasification projects
C) Hydroelectric power plants
D) Nuclear energy expansion
Answer: B) Surface coal and lignite gasification projects
Explanation: This massive push for coal and lignite gasification will help India cut import dependence and meet its 100 million tonne gasification target by 2030 .
3. The Prime Minister Internship Scheme 2026 was launched to:
A) Provide financial support to startups
B) Give young people practical workplace experience and boost employability
C) Fund higher education abroad
D) Create government job reservations
Answer: B) Give young people practical workplace experience and boost employability
Explanation: The PM Internship Scheme 2026 is all about preparing India’s youth for the real world – hands‑on experience, better job readiness.
4. The Government of India has banned sugar exports until:
A) 31 August 2026
B) 30 September 2026
C) 31 October 2026
D) 31 December 2026
Answer: B) 30 September 2026
Explanation: To keep domestic supplies steady and control inflation, sugar exports are banned until 30 September 2026 – a sweet move for local consumers.
5. India’s export target for the current financial year (2026‑27) is:
A) 800 billion B) 900 billion
C) 1 trillion D) 1.2 trillion
Answer: C) 1 trillion **Explanation:** After a record **863 billion** in exports last year, India is now aiming for the $1 trillion mark – ambitious, but that’s the spirit.
6. Which state government approved the draft Uniform Civil Code Bill?
A) Gujarat
B) Uttarakhand
C) Assam
D) Madhya Pradesh
Answer: C) Assam
Explanation: The Assam government gave the green light to the draft UCC Bill – a major legal and political development in the state.
7. Uber has partnered with which Indian business group to set up its first data centre in India?
A) Tata Group
B) Reliance Group
C) Adani Group
D) Mahindra Group
Answer: C) Adani Group
Explanation: Uber and Adani Group joined forces for Uber’s first data centre in India – a big leap for its digital and engineering footprint.
8. Which feedstock has overtaken sugarcane to become the largest source for India’s ethanol programme?
A) Rice
B) Wheat
C) Maize
D) Broken rice
Answer: C) Maize
Explanation: In a quiet revolution, maize has surpassed sugarcane as the largest ethanol feedstock – a major shift in India’s biofuel landscape.
9. The 10th Indian Ocean Dialogue was held in New Delhi under which theme?
A) “Indian Ocean: Shared Heritage, Common Future”
B) “Indian Ocean Region in a Transforming World”
C) “Securing the Blue Economy”
D) “Maritime Cooperation for Peace”
Answer: B) “Indian Ocean Region in a Transforming World”
Explanation: India hosted the 10th Indian Ocean Dialogue with the theme “Indian Ocean Region in a Transforming World” – bringing together strategic voices from across the region.
10. The RBI cancelled the banking licence of which co‑operative bank based in Mumbai?
A) Punjab & Maharashtra Co‑operative Bank
B) Sarvodaya Co‑operative Bank Limited
C) Shamrao Vithal Co‑operative Bank
D) Cosmos Co‑operative Bank
Answer: B) Sarvodaya Co‑operative Bank Limited
Explanation: The RBI cancelled the licence of Sarvodaya Co‑operative Bank, Mumbai – a tough but necessary step to protect depositors.
11. The Indian Cyber Crime Coordination Centre (I4C) and the Reserve Bank Innovation Hub (RBIH) signed an MoU to strengthen:
A) Blockchain‑based payment systems
B) AI‑based detection of mule accounts and cyber financial frauds
C) Digital lending regulations
D) Cryptocurrency trading rules
Answer: B) AI‑based detection of mule accounts and cyber financial frauds
Explanation: A much‑needed shield for digital banking – I4C and RBIH are joining hands to use AI to catch mule accounts and financial frauds.
12. Foreign Portfolio Investor (FPI) holding in Indian equities dropped to what level in June 2026?
A) 16%
B) 15%
C) 14%
D) 13%
Answer: C) 14%
Explanation: FPIs’ stake fell to 14% – the lowest in nearly 14 years – reflecting sustained foreign selling pressure in Indian markets.
13. The Ministry of Statistics and Programme Implementation (MoSPI) has asked states to shift their GSDP base year to 2022‑23 by:
A) FY26
B) FY27
C) FY28
D) FY29
Answer: B) FY27
Explanation: States need to update their GSDP base year from 2011‑12 to 2022‑23 by FY27 – for more accurate and timely economic data.
14. AU Small Finance Bank launched four new credit cards – AU Ananta, AU Laksya, AU Tejas, and AU Prathama – to strengthen its presence in:
A) Only metro cities
B) Tier‑1 and Tier‑2 cities
C) Rural areas only
D) International markets
Answer: B) Tier‑1 and Tier‑2 cities
Explanation: AU SFB is expanding its retail credit card business across Tier‑1 and Tier‑2 cities with these four new cards.
15. Who was elected as the President of CII for 2026‑27, succeeding Rajiv Memani?
A) Uday Kotak
B) R Mukundan
C) N. Chandrasekaran
D) Sanjiv Puri
Answer: B) R Mukundan
Explanation: The Confederation of Indian Industry (CII) elected R Mukundan as its President for 2026‑27 – a new leadership chapter.