1. On 13 June 2025, India chose not to vote on a UN General Assembly resolution concerning which matter?
Answer: A. India abstained on the resolution urging an immediate halt to fighting in Gaza, its fourth abstention on Gaza-linked questions in three years.
2. Which of these matters needs a two-thirds majority when the UNGA passes a resolution?
Answer: C. Two-thirds support is needed in the Assembly for resolutions on the budget, on peace and security recommendations, and on membership questions.
3. Under the Finance Act 2022, Virtual Digital Assets cover every item below except which one?
Answer: B. Central bank digital currencies fall outside the VDA definition because the state itself regulates them.
4. Section 115BBH currently imposes what flat tax rate on income from VDAs in India?
Answer: E. Gains from crypto and other VDA dealings are charged a single 30% rate, and no deductions are allowed under Section 115BBH.
5. After its recent 50 bps reduction, SBI's External Benchmark Lending Rate (EBLR) now stands at what level?
Answer: D. SBI trimmed its EBLR by 50 basis points to 8.15%, passing on the RBI's cut in the policy repo rate.
6. What is the chief advantage of the STRIPS trading in state government securities that the RBI introduced?
Answer: E. With STRIPS, the principal and interest parts of a security can be traded on their own, which deepens liquidity and makes the market more efficient.
7. What measure was brought in to make it easier to revive dormant bank accounts?
Answer: C. Under the RBI's new guidelines, customers can complete KYC by video and take help from business correspondents, which particularly benefits rural areas.
8. Which feature makes the Scapia Federal RuPay Credit Card stand out?
Answer: A. Working on both the VISA and RuPay networks and charging no forex markup, the card suits people who travel abroad.
9. Through which instrument did NABARD get permission to mobilise Rs 19,500 crore?
Answer: D. NABARD can raise this sum via zero-coupon bonds, which pay no periodic interest and are redeemed at face value on maturity.
10. Which of these AI-related features is part of the Agri Stack initiative?
Answer: B. Agri Stack pilots include face-based verification of field surveyors, AI-driven crop recognition and grievance portals.
11. The 324 newly approved Forest Rights Act cells are spread across how many States and Union Territories?
Answer: C. The cells are distributed across 18 States and UTs, working at district and state levels.
12. Roughly what share of global oil supply passes through the Strait of Hormuz, per the notes?
Answer: C. About 20% of global oil supply moves through Hormuz.
13. How many UN member states have one vote each in the General Assembly, per the notes?
Answer: C. The UNGA comprises all 193 member states.
14. Under which Income Tax Act section is income from Virtual Digital Assets taxed at a flat 30%?
Answer: C. VDA income is taxable under Section 115BBH at a flat 30%.
15. From which date did banks start using the External Benchmark Lending Rate (EBLR) system?