1. A ₹64,000 crore agreement to supply 26 Rafale-M jets to the Indian Navy was recently finalised with which country?
Answer: E. India sealed the ₹64,000 crore Rafale-M purchase with France, with deliveries slated for 2028 to 2030.
2. What is the PM Surya Ghar Muft Bijli Yojana mainly intended to achieve?
Answer: A. The scheme targets 1 crore rooftop solar connections, handled through a fully digital process on the National Portal.
3. In the Pew Research survey, what share of Indians back uncensored media?
Answer: B. Although 80% think the media is free, just 68% back uncensored media, which points to censorship becoming normalised.
4. Which new financial instrument did the RBI bring in from May 2, 2025?
Answer: C. The RBI moved beyond cash-settled instruments with physical bond forwards, which help in hedging and lift demand for long-term SDLs.
5. What penalty did SEBI levy on Patel Wealth Advisors for spoofing?
Answer: D. SEBI fined PWA ₹3.22 crore and barred it from the market over 621 spoofing instances in 193 stocks, as part of a crackdown on algorithmic fraud.
6. Under the T+1 settlement regime, what is the new rule for collecting margins?
Answer: E. Brokers now have to collect client margins by the next trading day, which ensures timely compliance and lowers systemic risk.
7. What did the SIPRI report give as India's total military spending in 2024?
Answer: A. SIPRI placed India fifth worldwide in military spending at $86.1 billion, reflecting regional threats and modernisation aims.
8. By how much did the Indian Rupee gain in April 2025?
Answer: B. The rupee firmed up 0.51% in April to ₹85.03 per dollar, helped by a weak dollar index and greater foreign inflows.
9. Which important step did the Finance Ministry take to improve UPI services?
Answer: C. After several outages, the ministry started measures to make UPI sturdier and more secure against cyber threats.
10. What is the aim of the Microfinance Regulation Bill that Tamil Nadu passed in 2025?
Answer: D. The bill targets forceful recovery methods used by microfinance institutions, with jail terms and district-level dispute mechanisms.
11. Which UK minister did Piyush Goyal meet in London to finalise the India-UK FTA?
Answer: B. He met Business and Trade Secretary Jonathan Reynolds.
12. In the Pew survey, what share of Indian respondents called made-up news a very big problem?
Answer: C. 65% of Indians see fake news as a very big problem.
13. According to SIPRI, what was India's military expenditure in 2024?
Answer: C. India's spending rose 1.6% to $86.1 billion.
14. PM Surya Ghar Muft Bijli Yojana aims to install rooftop solar for how many households?
Answer: C. The target is rooftop solar for 10 million households.
15. SMILE, the scheme for rehabilitating persons engaged in begging, expands to what?
Answer: B. SMILE is Support for Marginalized Individuals for Livelihood and Enterprise.