61. The Strategic Asset Allocation and Risk Governance (SAARG) Committee has been constituted by which organization?
[A] Ministry of Finance
[B] Securities and Exchange Board of India (SEBI)
[C] Pension Fund Regulatory and Development Authority (PFRDA)
[D] Reserve Bank of India (RBI)
Show Answer
Correct Answer: C [Pension Fund Regulatory and Development Authority (PFRDA)]
Notes:
The Pension Fund Regulatory and Development Authority (PFRDA) has constituted the Strategic Asset Allocation and Risk Governance (SAARG) Committee to modernise the investment framework of the National Pension System (NPS). It is a high-level committee of investment experts tasked with reviewing and recommending reforms for both government and non-government NPS sectors. The objective is to strengthen the long-term investment architecture of NPS through better diversification, improved risk management, and expanded investment choices for subscribers.
62. Which ministry has launched the PAIMANA portal for monitoring major infrastructure projects?
[A] Ministry of Finance
[B] Ministry of Housing and Urban Affairs
[C] Ministry of Statistics and Programme Implementation
[D] Ministry of Electronics and Information Technology
Show Answer
Correct Answer: C [Ministry of Statistics and Programme Implementation]
Notes:
The Ministry of Statistics and Programme Implementation (MoSPI) launched the PAIMANA portal for monitoring major infrastructure projects. PAIMANA stands for Project Assessment, Infrastructure Monitoring and Analytics for Nation-building. It is a flagship digital initiative to track Central Sector Infrastructure Projects costing ₹150 crore and above. The portal acts as a centralized national repository for infrastructure project data. It improves data accuracy, transparency, and operational efficiency through web-based reporting.
63. What is the name of the new platform announced for women entrepreneurs in the Union Budget 2026-27?
[A] Udyogini Bazaar
[B] Mahila Haat Plus
[C] SHE-Mart
[D] Sakhi Trade Hub
Show Answer
Correct Answer: C [SHE-Mart]
Notes:
The Finance Minister announced SHE-Mart to support women entrepreneurs through a new market platform. SHE stands for Self-help Entrepreneur, and these marts will be community-owned retail outlets. They will be set up within cluster-level federations using innovative and enhanced financing tools. The aim is to give women better market access, branding support, and stable income. It will strengthen grassroots institutions like Self-Help Groups (SHGs). The initiative builds on the success of the Lakhpati Didi programme.
64. What is the primary objective of the Mahatma Gandhi Gram Swaraj Initiative (MGGSI) announced in Union Budget 2026–27?
[A] Expansion of MSME credit in urban areas
[B] Promotion of digital startups in rural India
[C] Modernization of food processing industries
[D] Strengthening khadi, handloom, and handicrafts
Show Answer
Correct Answer: D [Strengthening khadi, handloom, and handicrafts]
Notes:
Union Budget 2026–27 announced the Mahatma Gandhi Gram Swaraj Initiative to strengthen traditional rural industries. It focuses on khadi, handloom, and handicrafts sectors across India. The initiative aims to improve global market access, branding, and strong market linkages. It seeks to make traditional industries more competitive and economically sustainable. The programme ensures stable livelihoods for artisans and weavers. It targets weavers, village industries, rural youth, and beneficiaries of One District One Product (ODOP).
65. Which country has launched the world’s first Sovereign Financial Cloud Services Infrastructure (SFCSI)?
[A] Singapore
[B] Kuwait
[C] Vietnam
[D] United Arab Emirates
Show Answer
Correct Answer: D [United Arab Emirates]
Notes:
The Central Bank of the United Arab Emirates has launched the world’s first Sovereign Financial Cloud Services Infrastructure (SFCSI). It is developed with Core42, a subsidiary of G42. The platform ensures data sovereignty, meaning financial data remains within the UAE’s legal and security boundaries. It offers integrated cybersecurity, unified multi-cloud management, and Artificial Intelligence (AI)-based analytics. It allows real-time processing, automation, and predictive risk analysis for licensed financial institutions. It reduces dependence on foreign cloud providers and strengthens regulatory control.
66. Which Indian state recorded the highest GST growth of 37% during FY 2025–26 (up to December 2025)?
[A] Assam
[B] Sikkim
[C] Nagaland
[D] Manipur
Show Answer
Correct Answer: C [Nagaland]
Notes:
Nagaland recorded the highest Goods and Services Tax growth in India at 37 percent, above the national average of 6.8 percent till December 2025. The achievement was announced by Governor Ajay Kumar Bhalla during the Budget Session of the Nagaland Assembly. Goods and Services Tax collections reached ₹987.38 crore by 31 January 2026. This exceeded the 2025–26 target of ₹949 crore. The figures show strong revenue performance and robust financial growth in the State.
67. The National Climate Stack Innovation Challenge has been launched by which organization?
[A] Reserve Bank of India (RBI)
[B] National Bank for Agriculture and Rural Development (NABARD)
[C] Asian Development Bank (ADB)
[D] Ministry of Finance
Show Answer
Correct Answer: B [National Bank for Agriculture and Rural Development (NABARD)]
Notes:
National Bank for Agriculture and Rural Development (NABARD), with Gates Foundation and Dalberg Advisors, launched the National Climate Stack Innovation Challenge to strengthen India’s rural climate resilience. The initiative aims to build a National Climate Stack, integrating fragmented climate datasets into a unified digital platform. It will develop 10–15 year climate hazard forecasting frameworks for risks like heatwaves, floods, droughts, and cyclones affecting agriculture. The project will also create practical dashboards for agriculture, rural finance, and public planning decisions.
68. Which bank became the first in India to issue domestic green bonds?
[A] State Bank of India
[B] HDFC Bank
[C] Bank of Baroda
[D] ICICI Bank
Show Answer
Correct Answer: C [Bank of Baroda]
Notes:
Bank of Baroda raised ₹10,000 crore by issuing long-term green infrastructure bonds, becoming the first bank in India to issue domestic green bonds. The 7-year bond was issued on the National Stock Exchange of India (NSE) through the Electronic Book Provider (EBP) platform. The issue had a ₹5,000 crore base size with a ₹5,000 crore greenshoe option, and received bids worth ₹16,415 crore, showing strong investor demand. The bank fixed a 7.1% annual coupon rate despite market volatility.
69. Project Insight (PI) is implemented by which government body?
[A] Reserve Bank of India
[B] Central Board of Indirect Taxes and Customs (CBIC)
[C] Income Tax Department (ITD), Ministry of Finance
[D] Securities and Exchange Board of India
Show Answer
Correct Answer: C [Income Tax Department (ITD), Ministry of Finance]
Notes:
Project Insight (PI) is an AI-driven tax administration system in India that tracks financial transactions and detects tax evasion. It is implemented by the Income Tax Department (ITD), Ministry of Finance, Government of India. It aims to enhance voluntary tax compliance by nudging taxpayers to report accurate income and strengthen tax enforcement by identifying high-risk evasion cases.
70. The Annual Survey of Unincorporated Sector Enterprises (ASUSE) is conducted by which organization?
[A] NITI Aayog
[B] National Statistical Office (NSO)
[C] Reserve Bank of India (RBI)
[D] Central Statistics Commission
Show Answer
Correct Answer: B [National Statistical Office (NSO)]
Notes:
Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2025 results released for January–December 2025 period. It is conducted by National Statistical Office (NSO) under Ministry of Statistics and Programme Implementation (MoSPI). The purpose is to provide inputs for Gross Domestic Product (GDP) estimation and National Accounts. It covers unincorporated non-agricultural sector, including manufacturing, trade, and services. Tracks key indicators like employment, Gross Value Added (GVA), wages, and digital usage. It helps in understanding the informal economy and Micro, Small and Medium Enterprises (MSMEs) sector.