1. In PARAKH Rashtriya Sarvekshan 2024, what share of Class 9 students were found to have trouble with basic mathematics?
Answer: A. The survey found that 63% of Class 9 students find basic mathematics hard, which points to deep gaps in foundational learning in schools.
2. Under India's Carbon Credit Trading Scheme (CCTS), one Carbon Credit Certificate (CCC) stands for how much CO₂ equivalent reduced?
Answer: B. Each certificate corresponds to one tonne of CO₂ equivalent cut, within a market-based system for controlling greenhouse gas emissions.
3. Which sector is NOT covered by the compliance mechanism of India's CCTS?
Answer: D. The scheme covers heavy industries such as aluminium, cement, petrochemicals and paper and pulp, whereas the automobile sector is left out.
4. What does the SEZ Amendment Bill mainly propose about duty on DTA sales?
Answer: E. The change would make DTA sales more workable by taxing only the raw materials used, not the finished goods.
5. Which fintech firm opened India's first physical bank branch powered by UPI?
Answer: D. Slice started the country's first UPI-based physical branch in Bengaluru, featuring UPI ATMs and credit cards linked to UPI.
6. CRISIL's 2022 estimate puts the size of India's informal credit market at what value?
Answer: A. CRISIL valued the informal credit market at ₹1.4 lakh crore, which shows how much people still depend on unregulated lenders.
7. Under the Basel III updates, which Indian rating agency did RBI approve to assess credit exposures in IFSC?
Answer: C. RBI permitted ratings from CareEdge Global IFSC Ltd to be used for judging credit risk on exposures in International Financial Services Centres under Basel III.
8. RBI's clarified priority sector lending norms allow voluntary gold-backed loans to MSMEs up to what limit?
Answer: C. MSMEs may take loans up to ₹10 lakh against voluntarily pledged gold without breaching the collateral-free PSL rules, RBI clarified.
9. What yearly quantity of DAP fertiliser will India import under the deal with Saudi Arabia's Ma'aden?
Answer: B. Starting FY 2025–26, India is to bring in 3.1 million metric tonnes of DAP each year under the Ma'aden agreement.
10. Why have banks lately preferred VRRR to SDF in RBI's operations?
Answer: E. Banks go for Variable Rate Reverse Repo because its returns are higher and market-based, whereas SDF works at a fixed rate.
11. In PARAKH Rashtriya Sarvekshan 2024, what share of Class 6 students could not grasp a text's main idea?
Answer: D. The survey found 43% of Class 6 students unable to grasp the main idea.
12. Under India's Carbon Credit Trading Scheme, one Carbon Credit Certificate represents how much reduction?
Answer: B. Each CCC equals one tonne of CO2 equivalent reduced.
13. The proposed SEZ Amendment Bill seeks to overhaul which existing law?
Answer: A. The notes say the Bill overhauls the SEZ Act, 2005.
14. What share of households has bank accounts according to NFHS-5, as cited in the informal borrowing note?
Answer: B. NFHS-5 shows 96% of households with accounts.
15. Mobile money transactions mainly take place through which medium, as per the notes?
Answer: B. Mobile money works via text messages and needs no internet.