1. Per the Knight Frank Wealth Report 2026, what minimum net worth qualifies someone as an Ultra-High Net-Worth Individual (UHNWI)?
Answer: C. The report counts people holding at least $30 million, about ₹283 crore, as UHNWIs.
2. In the Knight Frank Wealth Report, which country stood sixth in the world by UHNWI population in 2026?
Answer: A. With 19,877 UHNWIs in 2026, India took the sixth spot, a sign of fast-growing wealth.
3. India's billionaire count is projected to approach what number by 2031?
Answer: E. The report expects the figure to climb from 207 in 2026 to 313 in 2031, reflecting robust economic growth.
4. Under which national framework has the NMBA 2.0 App been introduced?
Answer: B. The app works within NAPDDR, which concentrates on awareness, treatment and rehabilitation in the fight against drug abuse.
5. How is NITI Aayog best classified?
Answer: D. It came into being through a Cabinet Resolution in 2015, and has no basis in the Constitution or in an Act.
6. What will the proposed Index of Service Production (ISP) be used to follow?
Answer: D. It is planned as a high-frequency indicator that tracks the monthly output of services.
7. Under RBI's revised NPA norms, what becomes of a borrower's other loans when one loan is in default?
Answer: B. A 'borrower-wise' classification now applies, so default on a single loan puts every loan of the borrower in the NPA category.
8. Under the Expected Credit Loss (ECL) framework, when does provisioning start?
Answer: A. ECL looks ahead, so expected losses are estimated right from the beginning of the loan.
9. Which parameter in the ECL framework stands for the chance that a borrower will default?
Answer: E. Probability of Default measures how likely it is that a borrower fails to repay.
10. Which sectors does the 'Orange Economy' mainly centre on?
Answer: C. The concept stresses creativity, culture and IP-driven areas such as media, gaming, design and digital content.
11. What net worth defines an Ultra-High Net-Worth Individual in the Knight Frank report?
Answer: B. The report sets the UHNWI bar at $30 million or more.
12. The NMBA 2.0 App is a key part of which national plan on drugs?
Answer: A. It works under the NAPDDR umbrella.
13. Who was appointed Vice Chairperson of NITI Aayog in the 2026 reconstitution?
Answer: D. Ashok Kumar Lahiri, a former Chief Economic Advisor, got the post with Cabinet rank.
14. Which foundation provided 10 rare Urdu texts to jump-start the Urdu Wikisource project?
Answer: C. Rekhta gave 10 texts; the British Library shared 7.
15. Which body proposed the Index of Service Production with 2024-25 as base year?
Answer: B. The NSO proposed the ISP.