1. What was the theme of the World Happiness Report 2026?
Answer: B. This edition examined how digital platforms affect people's well-being, under the title Happiness and Social Media.
2. Where did India rank in the World Happiness Report 2026?
Answer: D. India stood 116th in 2026, up from 118th in 2024 and 126th in 2023. It still trails several regional neighbours.
3. Which group is the Krishi Sakhi Initiative mainly meant to help?
Answer: A. The initiative seeks to empower women in agriculture, getting more of them involved and raising their awareness of crop insurance.
4. Which body implements the BHAVYA scheme?
Answer: C. The National Industrial Corridor Development Corporation runs BHAVYA, which sits under the Department for Promotion of Industry and Internal Trade.
5. Besides panels, which solar manufacturing components were added to the ALMM framework?
Answer: E. Ingots and wafers now come under the list, a step meant to strengthen local manufacturing and lower reliance on imports.
6. Why does the RBI hold Variable Rate Repo (VRR) auctions?
Answer: B. Through VRR auctions the central bank lends funds to banks for brief periods, easing temporary gaps in system liquidity.
7. Under which facility can banks keep spare funds with the RBI without giving collateral?
Answer: D. The SDF lets banks place surplus money with the RBI with no security needed. It forms the lower bound of the liquidity corridor.
8. What was the chief cause of the rupee sliding to ₹93.72 per dollar?
Answer: A. Costlier crude lifted the import bill and the demand for dollars, which pulled the rupee down.
9. Through which channel does the West Asia conflict mainly affect Indian agriculture?
Answer: C. Dearer crude oil and gas push up diesel and fertiliser prices. Farmers face higher costs and thinner profits as a result.
10. From which region does India source a large share of its fertilizer imports?
Answer: E. Supplies come heavily from Saudi Arabia, Qatar, Oman and the UAE, so geopolitical disruption in the region puts India at risk.
11. What rank did India secure in the World Happiness Report 2026?
Answer: C. India ranked 116th.
12. Which organisation launched the Krishi Sakhi Initiative?
Answer: B. The notes say AIC launched Krishi Sakhi.
13. How many industrial parks will BHAVYA develop with an outlay of ₹33,660 crore?
Answer: B. BHAVYA is to develop 100 plug-and-play industrial parks.
14. From which date does the ALMM framework cover solar ingots and wafers?
Answer: A. The extension is effective 1 June 2028.
15. What is the central outlay of the Small Hydro Power Development Scheme approved by the Union Cabinet?
Answer: A. The total central allocation is ₹2,584.60 crore for FY 2026-27 to FY 2030-31.