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69 questions · page 3 of 3
- Polity & Governance25 Apr 2026
The incoming Vice-Chairman of NITI Aayog (replacing Suman Bery in 2026) is:
- A.Arvind Subramanian
- B.Krishnamurthy Subramanian
- C.Ashok Lahiri
- D.Sanjeev Sanyal
Show solution
Answer: C. Ashok Lahiri
Ashok Lahiri — former Chief Economic Adviser to the Government of India, former head of NIPFP, member of the 15th Finance Commission, and currently a BJP MLA from Balurghat (West Bengal) — is set to be appointed as the new Vice-Chairman of NITI Aayog. Arvind Subramanian and Krishnamurthy Subramanian are former CEAs (different individuals); Sanjeev Sanyal is currently a member of the EAC-PM.
Read source story → - Economy & Banking25 Apr 2026
RBI's power to cancel a banking licence is provided under which provision of the Banking Regulation Act, 1949?
- A.Section 22
- B.Section 35
- C.Section 36AB
- D.Section 38
Show solution
Answer: C. Section 36AB
Section 36AB of the Banking Regulation Act, 1949 (added by amendment) explicitly empowers the RBI to cancel a banking licence where the operations of the bank are detrimental to depositor interests or public interest. Section 22 provides for INITIAL ISSUANCE of banking licences; Section 35 governs INSPECTIONS; Section 38 deals with WINDING-UP PROCEEDINGS in the High Court.
Read source story → - Defence25 Apr 2026
The new digital name panels at the Basra Memorial in Iraq commemorate how many Indian Army soldiers from the First World War?
- A.13,000
- B.23,000
- C.33,000
- D.46,000
Show solution
Answer: C. 33,000
The Commonwealth War Graves Commission (CWGC) has commemorated 33,000 Indian Army soldiers who died in the First World War's Mesopotamia Campaign through new digital name panels at the Basra Memorial. The number 46,000 refers to the OTHER Commonwealth service personnel already commemorated.
Read source story → - Economy & Banking25 Apr 2026
Which of the following is a key restriction on payments banks in India that distinguishes them from commercial banks?
- A.Cannot accept demand deposits
- B.Cannot offer credit/loans
- C.Cannot issue debit cards
- D.Cannot facilitate digital payments
Show solution
Answer: B. Cannot offer credit/loans
Payments banks CANNOT offer credit/loans — this is a key restriction distinguishing them from commercial banks and small finance banks. Payments banks CAN: accept demand deposits up to ₹2 lakh per customer, issue ATM/debit cards, facilitate payments and remittances, distribute non-risk-sharing financial products (mutual funds, insurance, pension).
Read source story → - Economy & Banking25 Apr 2026
For the week ended 17 April 2026, India's Foreign Currency Assets (FCA) — the largest component of forex reserves — stood at:
- A.$417.46 billion
- B.$497.46 billion
- C.$557.46 billion
- D.$617.46 billion
Show solution
Answer: C. $557.46 billion
Foreign Currency Assets (FCA) stood at $557.46 billion for the week ended 17 April 2026 — up $1.48 billion week-on-week. FCA is typically about 80% of India's total forex reserves and includes foreign currencies, deposits with foreign central banks and BIS, and foreign government securities (mainly US Treasuries).
Read source story → - International25 Apr 2026
The Shanghai Cooperation Organisation (SCO) was founded in which year?
- A.1996
- B.2001
- C.2005
- D.2017
Show solution
Answer: B. 2001
The SCO was founded on 15 June 2001 in Shanghai, China. It succeeded the 'Shanghai Five' grouping (founded 1996, comprising China, Russia, Kazakhstan, Kyrgyzstan, and Tajikistan), with Uzbekistan joining in 2001 to transform it into the SCO. The SCO Charter was adopted in June 2002.
Read source story → - Defence25 Apr 2026
How many Victoria Crosses (VCs) — the British Empire's highest military gallantry award — were awarded to Indian soldiers during the First World War?
- A.7
- B.9
- C.11
- D.15
Show solution
Answer: C. 11
Eleven Victoria Crosses were awarded to Indian soldiers during the First World War — recognition of their gallantry across multiple fronts including Mesopotamia, the Western Front, East Africa, and Palestine. The VC was instituted in 1856 by Queen Victoria as the highest gallantry award of the British Empire.
Read source story → - Economy & Banking25 Apr 2026
Which country has recently overtaken India as the leading exporter of corn (maize) to Bangladesh?
- A.United States
- B.Argentina
- C.Brazil
- D.Ukraine
Show solution
Answer: C. Brazil
Brazil has overtaken India as the leading exporter of corn (maize) to Bangladesh. For years India had held the dominant position thanks to competitive pricing and geographical proximity, but since 2024 rising domestic demand — especially for ethanol production under India's Ethanol Blending Programme — has reduced India's export capacity. Brazil capitalised with large-scale production, efficient supply chains, and consistent supply volumes.
Read source story → - International25 Apr 2026
The SCO Regional Anti-Terrorist Structure (RATS) — focused on counter-terrorism cooperation — is headquartered in:
- A.Beijing, China
- B.Moscow, Russia
- C.Tashkent, Uzbekistan
- D.Bishkek, Kyrgyzstan
Show solution
Answer: C. Tashkent, Uzbekistan
The Regional Anti-Terrorist Structure (RATS) of the SCO is headquartered in Tashkent, Uzbekistan. It was established in 2004 as a permanent body for counter-terrorism cooperation and intelligence sharing among SCO member states. The SCO Secretariat (separate from RATS) is in Beijing, China.
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