Q.1) According to the Union Government Finances data for April–February FY2025–26, what percentage of the Revised Estimates (RE) did total receipts achieve?
[a] 73.8%
[b] 80.4%
[c] 81.5%
[d] 82%
View Answer
Answer: [d] 82%
Explanation:
As per data released by the Government of India, total receipts reached ₹27.92 lakh crore (82% of RE), including strong net tax and non-tax revenues. Expenditure stood at 81.5% of RE with significant capital spending. The Centre also transferred ₹12.66 lakh crore to states, reflecting fiscal federalism, while interest payments remained a major component of revenue expenditure.
Q.2) An Advance Pricing Agreement (APA), recently seen in news, is primarily related to which of the following?
[a] Indirect taxation
[b] Transfer pricing of international transactions
[c] Customs duty valuation
[d] Goods and Services Tax (GST) compliance
View Answer
Answer: [b] Transfer pricing of international transactions
Explanation:
An APA is an agreement between taxpayers and the Central Board of Direct Taxes that pre-determines transfer pricing methodology and arm’s length pricing for international transactions, usually for up to five years. It reduces tax disputes and ensures certainty. India signed a record 219 APAs in FY2025–26, with both unilateral and bilateral agreements supported by the Mutual Agreement Procedure (MAP).
Q.3) The JanSamarth Portal, recently seen in news, is primarily aimed at which of the following?
[a] Providing direct cash transfers to beneficiaries
[b] Streamlining access to credit-linked government schemes
[c] Managing digital payments infrastructure
[d] Regulating banking institutions
View Answer
Answer: [b] Streamlining access to credit-linked government schemes
Explanation:
The JanSamarth Portal, launched in 2022 by the Government of India, is a digital platform that connects beneficiaries with multiple credit-linked schemes across sectors like agriculture, business, and housing. It integrates government databases and links applicants with 254 lending institutions, enabling eligibility checks, in-principle loan sanctions, and seamless digital loan processing.
Q.4) ‘Agray’, recently inducted into the Indian Navy, belongs to which category of naval vessels?
[a] Aircraft Carrier
[b] Destroyer
[c] Anti-Submarine Warfare Shallow Water Craft
[d] Amphibious Assault Ship
View Answer
Answer: [c] Anti-Submarine Warfare Shallow Water Craft
Explanation:
‘Agray’ is the fourth Anti-Submarine Warfare Shallow Water Craft (ASW SWC) received by the Indian Navy, built indigenously by Garden Reach Shipbuilders and Engineers. Equipped with torpedoes, rocket launchers and SONAR, it enhances coastal surveillance and underwater threat detection, with over 80% indigenous content supporting Aatmanirbhar Bharat.
Q.5) The Mountain Radar system, recently procured by the Ministry of Defence, has been developed by which of the following organisations?
[a] Bharat Electronics Limited
[b] Defence Research and Development Organisation
[c] Indian Space Research Organisation
[d] Hindustan Aeronautics Limited
View Answer
Answer: [b] Defence Research and Development Organisation
Explanation:
The Mountain Radar has been designed and developed by the Electronics and Radar Development Establishment, a lab of DRDO, while manufacturing is done by Bharat Electronics Limited. The ₹1,950-crore contract with the Ministry of Defence falls under the Buy (Indian–IDDM) category, enhancing indigenous capability and strengthening air surveillance and defence in mountainous terrains.
Q.6) The Bhavasagara Referral Centre, recently designated as a National Repository for Deep-Sea Fauna, is associated with which organisation?
[a] Indian National Centre for Ocean Information Services
[b] Centre for Marine Living Resources and Ecology
[c] National Institute of Ocean Technology
[d] Zoological Survey of India
View Answer
Answer: [b] Centre for Marine Living Resources and Ecology
Explanation:
The Bhavasagara Referral Centre in Kochi, under CMLRE (Ministry of Earth Sciences), has been designated as a National Repository for Deep-Sea Fauna under the Biological Diversity Act, 2002. It will preserve deep-sea biodiversity through biological samples, DNA data and type specimens, and support taxonomy research, aligning with the UN Decade of Ocean Science (2021–2030).
Q.7) The Nyaya Setu AI Chatbot, recently launched in India, has been developed by which of the following organisations?
[a] National Informatics Centre
[b] Digital India Bhashini Division
[c] NITI Aayog
[d] Ministry of Electronics and Information Technology
View Answer
Answer: [b] Digital India Bhashini Division
Explanation:
The Nyaya Setu AI Chatbot was launched by the Ministry of Law and Justice and developed by the Digital India Bhashini Division. It is a voice-first, multilingual legal assistant using BHASHINI ASR, NLP and conversational AI. It helps citizens understand legal rights and procedures, and supports multiple languages as part of the broader BHASHINI initiative powering government digital services.
Q.8) The Bio-Bitumen technology, recently seen in news, is developed by which of the following organisations?
[a] Indian Institute of Technology only
[b] CSIR Central Road Research Institute and CSIR Indian Institute of Petroleum
[c] National Highways Authority of India
[d] Ministry of Road Transport and Highways
View Answer
Answer: [b] CSIR-CRRI and CSIR-IIP
Explanation:
Bio-Bitumen is developed by CSIR-CRRI (New Delhi) and CSIR-IIP (Dehradun) using lignocellulosic biomass through thermochemical conversion. It offers a renewable alternative to petroleum bitumen with similar performance. The technology reduces stubble burning, lowers import dependence, promotes circular economy, and supports low-carbon road infrastructure and climate goals.
Q.9) The Energy Statistics India 2026 Report is released by which of the following organisations?
[a] Central Electricity Authority
[b] National Statistics Office
[c] NITI Aayog
[d] Ministry of Power
View Answer
Answer: [b] National Statistics Office
Explanation:
The Energy Statistics India 2026 report (33rd edition) was released by the National Statistics Office under the Ministry of Statistics and Programme Implementation. It covers data on energy reserves, production, consumption and trade. India’s total primary energy supply grew 2.95% to 9,32,816 KToE, while renewable energy potential reached 47,04,043 MW, led by solar (71%).