Q1. The Pagdi system, recently targeted for reform by the Maharashtra government, is primarily associated with which sector?
A. Agricultural land ownership
B. Urban rent-control housing
C. Industrial labour contracts
D. Cooperative banking
✅ Answer: B
📝 Explanation:
The Pagdi system is a century-old rent-control arrangement in Mumbai’s housing market , where tenants pay a lump sum (pagdi) and enjoy long-term tenancy rights.
Q2. MahaCrimeOS AI, launched by Maharashtra in partnership with Microsoft, is aimed at improving:
A. Election monitoring
B. Cybercrime investigation
C. Land record digitisation
D. Traffic surveillance
✅ Answer: B
📝 Explanation:
MahaCrimeOS AI is an advanced AI-based platform designed to modernise and accelerate cybercrime investigations across Maharashtra.
Q3. The Reserve Bank of India recently eased norms related to which of the following facilities?
A. Fixed Deposits only
B. Gold Loans only
C. Cash Credit, Overdraft & Current Accounts
D. Retail Digital Payments
✅ Answer: C
📝 Explanation:
RBI eased norms for CC, OD, and Current Accounts to improve credit access , based on stakeholder feedback.
Q4. The CBDT’s recent action against intermediaries was related to misuse of provisions under which law?
A. Companies Act, 2013
B. Income Tax Act, 1961
C. GST Act, 2017
D. Benami Transactions Act
✅ Answer: B
📝 Explanation:
CBDT acted against intermediaries filing bogus ITRs using fake deductions and exemptions under the Income Tax Act, 1961 .
Q5. According to the latest update, India has become the world’s:
A. 3rd largest economy
B. 4th largest economy
C. 5th largest economy
D. Largest emerging economy
✅ Answer: B
📝 Explanation:
India is now the 4th largest economy globally , supported by a resilient and dynamic financial sector .
Q6. China’s trade surplus crossed USD 1 trillion for the first time mainly due to strong exports to:
A. United States and Canada
B. Africa and Latin America
C. Europe, Australia & Southeast Asia
D. Middle East and Africa
✅ Answer: C
📝 Explanation:
China’s surplus surged due to exports to non-US markets , especially Europe, Australia, and Southeast Asia , despite falling U.S. shipments.
Q7. The “First-India” Mutual Fund launched by Sberbank provides exposure to:
A. Sensex
B. Nifty Bank Index
C. Nifty50 Index
D. MSCI India Index