1. Which seaport did PM Modi open in May 2025 with the aim of making Kerala a worldwide maritime hub?
Answer: C. Built at a cost of ₹8,800 crore, the port is expected to act as a big transshipment centre that can handle the largest cargo vessels and cut reliance on overseas ports.
2. The first Indian state to approve a dedicated policy on shipbuilding, ship repair and ship recycling in 2025 was which one?
Answer: E. Maharashtra's cabinet cleared the 2025 policy in April, making it the first state with such a maritime manufacturing policy, in line with Maritime India Vision 2030.
3. Who took over as a Deputy Governor of the Reserve Bank of India in May 2025?
Answer: B. Poonam Gupta joined the central bank's top team as deputy governor in May 2025, bringing a strong background in economic research and policy.
4. NSE introduced which new index covering media, entertainment and gaming companies?
Answer: A. The Nifty Waves index follows listed firms in media, entertainment and gaming, reflecting how important these fields have become to the economy.
5. Which pair of lenders was among those fined by the RBI in May 2025 for failing to comply with regulations?
Answer: C. The central bank fined ICICI Bank, Axis Bank and three other lenders for breaching rules, stressing that banks must follow regulatory requirements.
6. How much did India's total exports amount to in 2024-25, according to figures released in May 2025?
Answer: D. Exports hit a record $824.9 billion in 2024-25, up 6.01% over the year before, with a strong showing across many sectors.
7. The report titled "Enhancing MSMEs Competitiveness in India" was released in May 2025 by which body?
Answer: D. NITI Aayog published the study, which lays out ways to lift the performance and worldwide competitiveness of micro, small and medium enterprises.
8. What Fair and Remunerative Price for sugarcane did the government approve in May 2025 for the 2025-26 season?
Answer: E. The Cabinet Committee on Economic Affairs fixed ₹355 per quintal for the 2025-26 season, tied to a basic recovery rate of 10.25%.
9. The Sugar (Control) Order, 2025 took the place of which earlier measure?
Answer: A. To suit modern industry practice and digital tools, the Centre swapped the decades-old 1966 order for a new one meant to bring transparency and efficiency.
10. Which ministry is responsible for the newly notified Sugar (Control) Order, 2025?
Answer: C. The notification came from the Department of Food and Public Distribution, which sits within the Ministry of Consumer Affairs, Food and Public Distribution.
11. The India-UK free trade negotiations began in which month and year?
Answer: A. Negotiations began in January 2022, post-Brexit.
12. Vizhinjam International Deepwater Multipurpose Seaport is described as India's first dedicated what?
Answer: B. The notes call it India's first dedicated container transshipment port.
13. Where was the foundation laid for the Missile Testing Range during PM Modi's Andhra Pradesh visit?
Answer: B. The range is at Nagayalanka in Krishna district.
14. The Global Media Dialogue 2025 was held during which summit?
Answer: B. It was held during the World Audio Visual Entertainment Summit (WAVES).
15. Who chaired the RBI working group that proposed longer call money market hours?
Answer: A. The notes name Radha Shyam Ratho as chair.