Explanation:
Low penetration reflects limited coverage , especially in health and life insurance, compared to the global average.
Q8. Registration of cryptocurrency exchanges with FIU-IND mainly strengthens:
A. Capital market expansion
B. Digital asset mining
C. Anti-money laundering compliance
D. Cross-border remittances
✅ Answer: C
Explanation:
FIU-IND oversight ensures AML–CFT compliance , increasing transparency in virtual digital asset transactions.
Q9. India hosting the Conference of Speakers and Presiding Officers of the Commonwealth (CSPOC) highlights its role in:
A. Defence diplomacy
B. Parliamentary diplomacy
C. Climate negotiations
D. Trade facilitation
✅ Answer: B
Explanation:
CSPOC promotes democratic norms, legislative cooperation , and parliamentary best practices.
Q10. India’s BRICS Presidency 2026 preparations signify:
A. Trade bloc leadership
B. Agenda-setting for Global South
C. Regional security cooperation
D. Military alliance formation
✅ Answer: B
Explanation:
Early preparations reflect India’s ambition to shape Global South priorities in a multipolar world order .
Q11. The National Sports Governance Rules, 2026 primarily aim to:
A. Privatise sports federations
B. Increase government control
C. Improve transparency and athlete representation
D. Abolish national sports bodies
✅ Answer: C
Explanation:
The rules introduce age limits, tenure norms, athlete inclusion , and governance reforms in sports bodies.
Q12. ‘TGB on Wheels’, launched by Tripura Gramin Bank, is notable because it:
A. Is India’s first mobile crypto ATM
B. Uses AI-based banking services
C. Is a fully solar-powered mobile ATM
D. Operates only in border areas
✅ Answer: C
Explanation:
It combines green energy with financial inclusion for remote rural regions.
Q13. RBI’s authorisation of Innoviti as a Payment Aggregator is governed under which Act?
A. Banking Regulation Act, 1949
B. IT Act, 2000
C. PSS Act, 2007
D. FEMA, 1999
✅ Answer: C
Explanation:
Payment Aggregators are regulated under the Payments and Settlement Systems (PSS) Act, 2007 .
Q14. APEDA’s ‘BHARATI’ initiative primarily supports:
A. Food subsidy distribution
B. Agri-export startups and innovation
C. Organic certification only
D. Import substitution
✅ Answer: B
Explanation:
BHARATI focuses on agri-food & agritech startups , strengthening