1. Up to which financial year has the PM E-Drive Subsidy Scheme now been extended?
Answer: A. The scheme got a two-year extension and now runs through FY 2027-28, while subsidy for electric two- and three-wheelers closes on 31 March 2026.
2. The Khelo India ASMITA Football League 2025-26 was inaugurated at which place?
Answer: B. Jalgaon hosted the first edition, which is meant to encourage more women, particularly from underrepresented groups, to take up sport.
3. Which ISRO launch vehicle is slated to carry the US Block-2 BlueBird communication satellite?
Answer: C. The 6,500 kg Block-2 BlueBird goes up from Sriharikota on LVM-3-M5, the heaviest rocket in ISRO’s fleet.
4. From 1 August 2025, what is ICICI Bank’s revised Minimum Average Balance (MAB) at urban branches?
Answer: D. New savings accounts opened on or after that date at urban branches must maintain ₹50,000, up from the earlier ₹10,000.
5. What is the main use of Forward Rate Agreements (FRAs)?
Answer: E. An FRA is a contract that locks an interest rate for a later period on a notional sum, protecting institutions from rate swings.
6. RBI’s draft guidelines say claims relating to a deceased customer’s account should be settled within what time?
Answer: A. The proposal sets a uniform procedure under which banks must close out such claims within fifteen calendar days of getting all required papers.
7. How many working days will NSE and BSE take to process complete merger or demerger applications under their new SOP?
Answer: B. The revised procedure lets exchanges handle a full application within a week of working days, compared with the three to five months it used to take.
8. For whom is the new AIF category proposed by SEBI intended exclusively?
Answer: C. The proposed category targets accredited investors and would come under lighter regulation than ordinary AIFs.
9. Roughly what fraction of worldwide food output depends on soil?
Answer: D. Almost the whole of global food production rests on soil, which is why its condition matters so much for food security and sustainable farming.
10. Which of these practices is NOT advised for bringing soil health back?
Answer: E. Excessive chemical fertiliser degrades soil, while rotating crops, organic methods, biofertilisers and native seeds all help it recover.
11. MERITE is expected to benefit about how many students?
Answer: C. The scheme is designed to benefit around 7.5 lakh students in technical institutions across States and UTs.
12. Asiatic lions are placed in which schedule of the Wildlife Protection Act, 1972?
Answer: E. Asiatic lions are listed under Schedule I of the Act.
13. Which FAO sub-index fell for the fifth consecutive month in July 2025?
Answer: E. The Sugar Price Index slipped 0.2% to 103.3 points, its fifth straight monthly fall.
14. Which ministry administers the PM E-Drive subsidy scheme?
Answer: C. PM E-Drive is administered by the Ministry of Heavy Industries.
15. Where was the Khelo India ASMITA Football League 2025-26 launched?
Answer: C. The inaugural league was held in Jalgaon, Maharashtra.