1. What minimum share of project cost must be raised from market sources under the Urban Challenge Fund (UCF)?
Answer: B. At least half of each project's cost has to come from sources like municipal bonds, bank loans and PPPs, with the Centre adding 25% support to reduce reliance on grants.
2. Which institutions are housed in the Seva Teerth complex?
Answer: D. The complex brings key decision-making bodies, namely the PMO, the National Security Council Secretariat and the Cabinet Secretariat, together for smoother coordination.
3. The Sangtam community, in the news for wildlife conservation, lives chiefly in which state?
Answer: C. This recognised Naga tribe is concentrated in Nagaland's Kiphire and Tuensang districts and recently resolved to protect pangolins.
4. At which venue is the AI Impact Summit 2026 taking place?
Answer: A. Held at Bharat Mandapam in New Delhi, it is the summit's fourth edition and the first to be hosted in a Global South country.
5. Who mainly issues Commercial Papers (CPs)?
Answer: E. CPs are short-term unsecured promissory notes that corporates, NBFCs and financial institutions use to meet working capital needs.
6. What chiefly makes Certificates of Deposit (CDs) safer than CPs?
Answer: A. Banks issue CDs under RBI norms, and because banks are tightly regulated, CDs are seen as carrying less credit risk than corporate CPs.
7. Under RBI's restored Default Loss Guarantee (DLG) framework, roughly what cap applies to fintech guarantees?
Answer: C. In digital lending tie-ups, guarantees normally stop at about 5% of the loan portfolio, so fintechs and NBFCs share risk only to a limited degree.
8. Under the Overseas Direct Investment (ODI) framework, how much can an Indian company usually invest abroad?
Answer: D. FEMA's overseas investment rules let Indian companies put in up to four times net worth or $1 billion, the smaller of the two, subject to conditions.
9. What is the highest share of acquisition funding that banks may finance under RBI's new M&A financing rules?
Answer: B. Banks can fund up to 75% of the cost of an acquisition, leaving the acquirer to bring at least 25% as equity so both sides carry some risk.
10. Under which Act was APEDA set up?
Answer: E. The Agricultural and Processed Food Products Export Development Authority was created by the 1985 Act and began functioning in 1986 to promote farm exports.
11. Under the Urban Challenge Fund, what share of project cost is met by central government support?
Answer: B. Centre supports 25%, while at least 50% must come from the market.
12. Which offices are housed in the Seva Teerth complex?
Answer: B. Seva Teerth houses the PMO, NSCS and Cabinet Secretariat.
13. The Sangtam community, which resolved to protect pangolins, belongs to which state?
Answer: B. Sangtam is a Naga tribe of Nagaland.
14. The AI Impact Summit 2026 in New Delhi was which edition of the global summit?
Answer: C. It was the 4th global AI Impact Summit.
15. In which sanctuary were the two new army ant species discovered?
Answer: B. The species were found in Sri Venkateswara Wildlife Sanctuary, Andhra Pradesh.