1. India put which major bilateral pact on hold after the April 2025 Pahalgam attack?
Answer: B. India placed the water-sharing treaty with Pakistan in abeyance after the attack, and Pakistan responded by suspending the 1972 Simla Treaty.
2. Which law gives legal recognition to community forest rights and access to biodiversity in India?
Answer: A. This 2006 law formally recognises that forest-dwelling communities such as Adivasis can manage forests and make use of their biodiversity.
3. According to the RBI, how does the Digital Rupee mainly differ from UPI?
Answer: D. As a central bank digital currency, the e₹ can serve as a store of value, while UPI is merely a payments interface connected to bank accounts.
4. Why did the Supreme Court direct that Bhushan Power & Steel be liquidated?
Answer: E. The court found the plan unlawful because Form H requirements were not met and a bidder barred under IBC Section 29A had taken part.
5. A ₹600 crore mismatch in its microfinance business was recently reported by which bank?
Answer: C. The gap was found in microfinance interest income, after which the lender ordered an internal audit and brought in EY for a forensic probe.
6. What worry did the Coalition for GM-Free India voice about newly developed genome-edited rice?
Answer: B. The group objected on health and ecological grounds, alleging that the government skipped regulatory safety checks for SDN-1 and SDN-2 editing.
7. FM Nirmala Sitharaman attended the 58th Annual Meeting in Milan of which institution?
Answer: B. The Asian Development Bank held its 58th yearly gathering in Milan, where India's finance minister was present.
8. Aditya Birla Capital Digital introduced its Digital Gold SIP through which platform?
Answer: A. The SIP runs through the company's own app and lets users invest small weekly or monthly sums in gold held in 24K MMTC-PAMP vaults.
9. Which SEBI proposal hurt MSEI's plans to relaunch its derivatives products?
Answer: C. The regulator suggested restricting expiries to Tuesdays or Thursdays, which removed the Friday expiry that MSEI wanted as its distinctive feature.
10. Which forex step did the RBI take in early 2025 while managing liquidity?
Answer: E. Early in 2025 the central bank trimmed its short dollar forwards from $88.75B to $64.2B, though it kept buying dollars in the spot market to add to reserves.
11. What range of 2025 GDP growth did Moody's project for India?
Answer: C. Moody's projected 5.5% to 6.5% for India in 2025.
12. Which Indian law recognises 13 categories of rights and empowers gram sabhas to manage community forest resources?
Answer: C. The FRA 2006 recognises 13 categories of rights and gram sabha management.
13. Which edition of the ADB Board of Governors Annual Meeting did India's Finance Minister attend in Milan?
Answer: C. The notes state the 58th Annual Meeting.
14. Which institution issues the Digital Rupee (e₹)?
Answer: B. The e₹ is a CBDC issued by the RBI.
15. Which IBC section disqualifies resolution applicants connected with a company's former promoters, as applied in the Bhushan Power and Steel case?
Answer: C. Section 29A bars applicants linked to former promoters or otherwise ineligible.