1. Uttar Pradesh Budget 2026–27 primarily indicates which fiscal trend?

A. Contractionary fiscal policy
B. Fiscal consolidation via expenditure cuts
C. Expansionary fiscal stance
D. Balanced budget approach

✅ Answer: C. Expansionary fiscal stance

Explanation:
A 12.2% increase in budget outlay reflects higher government spending, typically associated with fiscal expansion aimed at boosting growth, infrastructure, and welfare delivery.

1. The Revised Startup Recognition Framework primarily aims to:

A) Increase tax exemptions for all startups
B) Strengthen innovation quality and technology depth
C) Restrict foreign investment in startups
D) Focus only on service-sector startups

✅ Answer: B) Strengthen innovation quality and technology depth

Explanation:
The framework refines recognition norms to emphasise innovation quality, deep technology, scalability, and manufacturing linkages, rather than blanket incentives.

1.

Which institution introduced the Risk-Based Premium (RBP) framework for deposit insurance in India?

A. SEBI
B. NABARD
C. DICGC
D. SIDBI

Answer: C. DICGC

Explanation:
The Deposit Insurance and Credit Guarantee Corporation (DICGC), with RBI approval, introduced the Risk-Based Premium system so that banks pay insurance premiums according to their risk profile, strengthening depositor protection and incentivising prudent banking practices.

1. PMAY–Urban 2.0 recently approved construction of more than how many houses?
A. 1.25 lakh
B. 2.10 lakh
C. 3.53 lakh
D. 5.00 lakh

Answer: C
Explanation: The Ministry of Housing & Urban Affairs approved over 3.53 lakh houses under PMAY-U 2.0 to accelerate affordable urban housing and reduce the housing deficit.

Q1. Pariksha Pe Charcha (PPC) 2026 is best described as which of the following?

A. A competitive examination reform initiative under NEP 2020
B. A counselling programme for students preparing for board exams
C. An interactive platform focusing on exam stress, student well-being and stakeholder engagement
D. A digital learning scheme for rural schools

✅ Correct Answer: C

Explanation:
Pariksha Pe Charcha is an annual interactive programme focusing on exam stress management, mental well-being, parental guidance and teacher engagement, reflecting soft governance in education, not a formal examination or scheme.