1. Which country has announced it is leaving OPEC to chart its own oil production policy?
Answer: E. The UAE will quit OPEC from May 1, 2026 so that production follows its own economic and strategic interests.
2. With which country did India sign a Free Trade Agreement in April 2026?
Answer: E. The deal with New Zealand gives duty-free access on every tariff line and lifts trade, investment and services ties.
3. The NITI Aayog report 'Moving Towards Effective City Government' deals mainly with:
Answer: C. It points to governance problems in cities with over a million people and proposes reforms to build up institutional capacity and services.
4. Which country became a member of the India-led ISA, CDRI and GBA in April 2026?
Answer: B. Jordan signed on to these India-led climate and energy groupings to work together on sustainability and clean energy.
5. The Supreme Court placed the 'Right to Safe Road Travel' under which constitutional provision?
Answer: B. The Court treated safe road travel as part of the right to life, stressing road safety and accountability.
6. In which Indian state is the $15 billion AI Data Centre Hub being developed?
Answer: A. Andhra Pradesh is building the large hub in Visakhapatnam together with Google and partners to strengthen digital infrastructure.
7. The RBI's Expected Credit Loss framework takes the place of which earlier approach?
Answer: D. ECL swaps the incurred loss approach for a forward-looking one that handles NPAs and credit risk better.
8. Which global accounting standard underlies the RBI's Expected Credit Loss framework?
Answer: D. The ECL model follows IFRS 9, which estimates credit losses with a forward-looking method.
9. To which institutions will the ECL framework apply?
Answer: C. The RBI extended it to every scheduled commercial bank so that credit risk assessment is standardised.
10. What is the main purpose of the Expected Credit Loss framework?
Answer: A. It lets banks foresee likely credit losses early, supporting financial stability and handling of NPAs.
11. Barkha Subba won a 2026 Whitley Award for conserving which species?
Answer: C. Her project covers the conservation of the Himalayan salamander and its wetlands.
12. Which set of areas does Mission SAKSHAM training focus on?
Answer: C. The training covers governance, risk, compliance and IT.
13. Which two countries share COP31 leadership responsibilities?
Answer: D. Turkiye is host and Australia is President of Negotiations.
14. Under the India-New Zealand FTA, what share of Indian goods will enter New Zealand duty-free?
Answer: C. New Zealand will remove tariffs on 100% of Indian goods.
15. What rank does India hold in global military spending as per the SIPRI 2025 data?
Answer: C. India is the fifth-largest spender at $92.1 billion.