1. For what reason did the RBI bring in the MCLR system in 2016?
Answer: A. MCLR took over from the base rate so that moves in the policy repo rate would reach bank lending rates faster.
2. Which of these is a main building block of the RBI's MCLR calculation?
Answer: C. MCLR rests mostly on a bank's marginal cost of funds, of which deposit cost is a part, plus adjustments for operating cost and tenor premium.
3. What concern about the microfinance sector did the RBI raise in June 2025?
Answer: D. Higher bad loans at microfinance institutions led the RBI to flag stress and ask for tighter oversight of borrowers taking on too much debt.
4. The RBI stopped holding daily VRR auctions from 11 June 2025 for what reason?
Answer: E. Banking system liquidity was in surplus by roughly Rs 2.75 to 3 lakh crore, so daily variable-rate repo operations were no longer necessary.
5. Which of the following does NOT appear as a tenor slab in the RBI's June 2025 MCLR notification?
Answer: B. The MCLR tenors run from overnight through one month, three months, six months and one year, and there is no five-year slab.
6. The MSP of which crop was hiked by 5% for the 2025-26 marketing season?
Answer: D. For Kharif 2025 the Centre raised paddy's minimum support price by 5% to bolster farmers' earnings.
7. What is the purpose of the newly launched 'Soil Health Digital Portal'?
Answer: C. Through the portal, farmers can immediately see the nutrient profile of their soil and get exact fertilizer advice.
8. Which state announced a 'Pulses Bowl' mission to raise dal output?
Answer: E. Madhya Pradesh started the mission and offers cheaper seeds and training so that more land is sown to pulses and yields improve.
9. What share of the wheat procured in Rabi 2024-25 was set aside for export?
Answer: A. Roughly 18% of wheat bought under the MSP scheme was reserved for government-to-government and commercial shipments abroad.
10. The 'Smart Irrigation Programme' started in June 2025 concentrates on which area?
Answer: B. Small farmers get subsidies for fitting drip and sprinkler setups under it, which helps save water.
11. Where is India's first e-waste eco park to come up, as announced by the Delhi Government?
Answer: B. The park is planned at Holambi Kalan, North Delhi.
12. PM Modi's Cyprus and Croatia trips were scheduled around which summit in 2025?
Answer: A. The visits were en route to and from the G-7 Summit in Canada.
13. What is the revised minimum land requirement for semiconductor and electronic component SEZs under the amended SEZ Rules, 2006?
Answer: D. Rule 5 was changed from 50 hectares to 10 hectares for these SEZs.
14. Under the World Bank's new $3 a day line, India's poverty rate in 2023-24 was about:
Answer: D. It fell from 27.1% in 2011-12 to 5.3% in 2023-24.
15. How many Indian languages are targeted under the Bhashini-CRIS railway MoU?
Answer: C. The partnership aims to enable railway services in 22 Indian languages.