1. The RailOne app, which brings several railway services together on one platform, was introduced by whom, and for what main aim?
Answer: A. Railway Minister Ashwini Vaishnaw rolled out RailOne on 2 July 2025. It combines ticket booking, complaint handling and train tracking inside one app.
2. The Employment-Linked Incentive (ELI) Scheme of 2025 comes with what overall financial outlay?
Answer: D. A budget of ₹99,446 crore backs the ELI Scheme, whose goal is to push formal job creation, particularly across the manufacturing sector.
3. RBI's revised norms on provisioning for project finance take effect from which date?
Answer: C. The central bank has set 1 October 2025 as the date from which its updated project finance provisioning rules become applicable.
4. Under RBI's new framework, what level of provisioning applies to Commercial Real Estate (CRE) projects?
Answer: E. While a CRE project is still being built, lenders must set aside a general provision of 1.25% on the loan under the revised rules.
5. What led Saraswat Bank to put forward a merger plan with New India Cooperative Bank (NICB)?
Answer: D. NICB was operating under curbs because its net worth had turned negative and funds were mismanaged. The merger offer was meant to safeguard its depositors.
6. Which provision of the Banking Regulation Act deals with the amalgamation of banks in India?
Answer: C. Section 44A lays down that a bank merger needs RBI's approval as well as the consent of two-thirds of shareholders.
7. RBI's proposed Financial Conditions Index (FCI) would draw on which set of market segments?
Answer: A. The proposed index would pull indicators from five major financial markets in order to gauge overall market conditions.
8. The government's 'Co-operative Stack' has been designed mainly to do what?
Answer: B. This digital platform links PACS to government schemes, which should improve how services reach rural people.
9. Which regulator had earlier curbed the activities of PACS because of transparency worries?
Answer: E. Poor transparency had led the central bank to restrict PACS activities in the past, and digitisation is expected to fix that gap.
10. Which technologies are being built into the Co-operative Stack?
Answer: B. The Stack relies on AI to produce advisories such as weather alerts, and on digital tools to make rural services more transparent.
11. The Ranchi regional centre of the renamed institute is meant mainly to strengthen welfare scheme delivery in which part of India?
Answer: A. The centre is aimed at grassroots delivery of women and child welfare schemes across Eastern India.
12. The Gaden Phodrang name originally referred to which of these?
Answer: B. It originally denoted the residence and administrative centre of the Tibetan Buddhist leadership.
13. Which agency developed the RailOne mobile application launched in July 2025?
Answer: A. The notes state RailOne was developed by CRIS, the IT arm of Indian Railways.
14. Under the ELI scheme approved in July 2025, what is the maximum monthly employer incentive per additional job?
Answer: C. Employers can receive up to ₹3,000 per month for each new job.
15. Under RBI's new project finance norms, what general provision applies to Commercial Real Estate projects in the construction phase?
Answer: B. The notes state CRE projects attract a 1.25% general provision during construction.