1. The Carriage of Goods by Sea Bill, 2025 does away with which existing law?
Answer: A. The bill repeals the 1925 colonial statute and brings India’s sea trade legislation in step with global conventions.
2. What do the Hague–Visby Rules, taken up through the Carriage of Goods by Sea Bill, 2025, deal with?
Answer: B. These international rules set a common standard for bills of lading and spell out what carriers owe and are liable for when shipping cargo.
3. What record-low price did Green Ammonia hit under the SIGHT Scheme?
Answer: C. SECI’s first Mode-2A auction under SIGHT discovered Green Ammonia at ₹55.75/kg, a new low that backs the National Green Hydrogen Mission.
4. Which 2024 Bill streamlined India’s maritime law by shrinking 561 sections into 16 parts and 325 clauses?
Answer: D. It replaces the 1958 Merchant Shipping Act with a leaner framework that matches global practice.
5. As of August 2025, at what level does the RBI’s repo rate stand?
Answer: E. The Monetary Policy Committee left the repo rate untouched at 5.5% in August 2025, favouring stability while global uncertainty persists even though inflation is low.
6. The RBI continues to treat WACR as its operating target for monetary policy. What does the abbreviation stand for?
Answer: A. WACR is the mean rate on overnight unsecured lending between banks, and it mirrors the central bank’s liquidity position.
7. Treasury Bills can now be bought through a SIP facility on which RBI platform?
Answer: B. Retail Direct lets small investors put in a fixed amount at regular intervals into T-bills, much like a mutual fund SIP.
8. The RBI’s revised co-lending norms require each regulated entity to hold at least what share of every loan?
Answer: C. Every regulated lender in a co-lending tie-up must keep a minimum of ten percent of each loan on its books so that risk is shared.
9. What is the purpose of Axis Bank’s ‘Lock FD’ feature?
Answer: D. Lock FD blocks closing a deposit early through online channels, so a customer must go to a branch, which guards against fraud.
10. To which version did Punjab’s cooperative banks recently move their Core Banking Solution?
Answer: E. Punjab is the first state to shift its cooperative banks from Finacle 7 to Finacle 10, improving speed, security and rural service.
11. Who carried out the initial excavations at Sarnath in 1834-36?
Answer: D. Sir Alexander Cunningham led the first excavations in 1834-36.
12. The Carriage of Goods by Sea Bill, 2025 replaces which earlier law?
Answer: B. It repeals the colonial-era 1925 Act.
13. What record-low green ammonia price was found in the first SECI auction under SIGHT Mode-2A?
Answer: C. The notes state a record-low price of ₹55.75 per kg.
14. The Merchant Shipping Bill, 2024 repeals which existing law?
Answer: A. The Bill repeals the Merchant Shipping Act, 1958.
15. Biochar is produced through which process?
Answer: A. Pyrolysis heats organic material without oxygen to make biochar.