1. What trait of the NRLM's Self-Help Group model makes it easy to adopt in African nations?
Answer: B. SHGs run on community participation and need little capital, so the model suits developing economies, particularly in Africa.
2. The Union Territories Laws (Amendment) Bill, 2026 is mainly aimed at:
Answer: C. It brings Delhi, Puducherry and J&K in line with national reforms like women's reservation and delimitation under the 131st Constitutional Amendment.
3. In the Urban Challenge Fund, what is the Credit Repayment Guarantee Sub-Scheme designed to do?
Answer: D. By guaranteeing repayment, it lowers the perceived risk for lenders and helps smaller cities obtain credit.
4. Which statement describes the 'Lakhpati Didi' initiative?
Answer: D. The term covers SHG women members whose yearly income exceeds ₹1 lakh, a sign of economic empowerment under NRLM.
5. Which body sets and monitors CAFE standards in India?
Answer: C. BEE, which works under the Ministry of Power, lays down and oversees the fuel efficiency and CO₂ emission norms.
6. India fell to sixth place in the IMF's 2026 GDP ranking mainly because of:
Answer: A. Rankings are compared in dollars, so a weaker rupee shrank India's dollar GDP even though growth stayed strong in rupee terms.
7. What big change did SEBI make to its 'Fit and Proper Person' test in April 2026?
Answer: E. SEBI moved to a conviction-based test to avoid disqualifying people too early and to be fair.
8. LIC's 'Super Sales Saathi' app is chiefly meant to:
Answer: B. The app gives agents AI-driven tools, performance analytics and customer insights to raise productivity.
9. Which segment does CRISIL see as the most exposed to stress from the West Asia conflict?
Answer: E. Small firms are hit by rising input costs and supply disruptions and have little financial cushion.
10. What is meant by the 'seasoning' of a loan portfolio?
Answer: A. As loans get older, borrowers' repayment patterns become evident, which helps judge the true chance of default.
11. Who ranked second globally in the Bloomberg Billionaires Index cited in this report?
Answer: B. Larry Page was second with USD 286 billion, ahead of Jeff Bezos at USD 269 billion.
12. World Haemophilia Day was first marked by the World Federation of Hemophilia in which year?
Answer: C. The WFH initiated the observance in 1989, first held on 17 April that year.
13. The 2026 theme of the day focuses mainly on:
Answer: C. The 2026 theme concerns emergency response for living heritage during conflicts and disasters.
14. What allocation did Union Budget 2026-27 give to the NRLM, as per these notes?
Answer: D. The allocation noted is ₹19,200 crore.
15. What is the legal status of NBCFDC under company law?
Answer: D. NBCFDC is a not-for-profit Section 8 company.