1. Which sector does the NSO's ASISSE survey mainly cover?
Answer: D. ASISSE gathers yearly figures on incorporated service firms such as IT companies, hospitals and hotels, helping refine GDP estimates and gauge formalisation.
2. NSO draws up its list of enterprises for ASISSE mainly from which database?
Answer: C. The GST network keeps an up-to-date record of tax-paying businesses, which makes it a sound basis for sampling formal firms.
3. Roughly how much does India pay each year to overseas shipping lines in freight?
Answer: E. Because foreign ships carry most of India's import and export cargo, a large amount of foreign exchange goes out as freight.
4. What new name has been proposed for the Directorate General of Shipping?
Answer: D. The change signals a move to a broader regulator with greater powers over maritime matters.
5. The IRDAI sub-committee on health insurance is mainly tasked with:
Answer: A. The panel works to better the customer experience, lower claim rejections and strengthen grievance handling.
6. Which platform goes by the nickname 'UPI of Insurance'?
Answer: C. Bima Sugam is a digital marketplace meant to offer zero-commission policies and make insurance easier to reach.
7. Listed companies in India must maintain minimum public shareholding of:
Answer: B. SEBI requires at least a quarter of shares to be in public hands, which supports liquidity and curbs promoter manipulation.
8. In banking, the term 'Net Open Position' denotes:
Answer: E. It is the foreign currency amount a bank carries without hedging cover, leaving it exposed to exchange rate movements.
9. A SEBI Observation Letter for an IPO is normally valid for:
Answer: A. Issuers need to bring the IPO to market within a year of SEBI's clearance, unless an extension is allowed.
10. Which fish farming technology turns waste into feed inside the pond itself?
Answer: B. Microbes in a bio-floc system recycle organic waste into protein-rich feed, which raises output and is more sustainable.
11. Mohsina Kidwai, who died in April 2026 aged 94, held which Union portfolio from 1986 to 1989?
Answer: D. She was Urban Development minister from October 1986 to December 1989; Health and Family Welfare was 1983 to 1986.
12. The new presidential term of Tô Lâm in Vietnam covers which period?
Answer: E. The term runs 2026-2031, voted by the National Assembly on 7 April 2026.
13. ASISSE is meant to fill the data gap for which part of India's economy?
Answer: C. ASISSE covers registered service companies and LLPs.
14. What is the yearly amount India pays to foreign shipping lines, as noted for the 20 maritime reforms?
Answer: C. The estimated annual freight outgo is roughly $75 billion.
15. IRDAI's new sub-committee reviewing private health insurance functions under which body?
Answer: A. The high-level sub-committee was constituted under IRDAI's Insurance Advisory Committee.