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The correct answer is 40%.

In News

• PM-MKSSY provides a one-time incentive of 40% of the insurance premium for registered aquaculture farmers to encourage risk coverage.

Key Points

• The 40% premium incentive aims to make aquaculture insurance affordable for small and marginal fish farmers.
• PM-MKSSY supports adoption of scientific farming and formal financial services among aquaculture stakeholders.
• The scheme covers losses due to natural calamities, diseases, and other specified risks.
• It targets increased production, productivity, and income stability in the fisheries sector.
• Farmers must register and enrol under notified insurance products to avail the incentive.
• Support complements broader Blue Economy and Pradhan Mantri Matsya Sampada Yojana objectives.

Additional Information

• Aquaculture refers to farming of fish, shellfish, and aquatic plants under controlled conditions.
• Insurance helps farmers manage climate, disease, and market-related uncertainties.
• Blue Economy emphasises sustainable use of ocean and water resources for economic growth.
• India is among the world’s largest fish producers and exporters.
• Pradhan Mantri Matsya Kisan Samridhi Sah-Yojana (PM-MKSSY)
• Launched: Approved on 8 February 2024.
• Objective: Support fishers, fish farmers, and related enterprises in fisheries.
• Focus Areas: Sustainable fishing, aquaculture, and infrastructure modernization.
• Components: Financial support, insurance, skill development, and capacity building.

The correct answer is Saudi Arabia.

In News

• In July 2025, Union Minister Shri JP Nadda visited Saudi Arabia to discuss long-term cooperation in fertilizers, petrochemicals, and pharmaceuticals.

Key Points

• Union Minister Shri JP Nadda traveled to Saudi Arabia to explore opportunities for long-term collaboration in the sectors of fertilizers, petrochemicals, and pharmaceuticals.
• The visit focused on securing long-term fertilizer supply contracts to ensure India’s food and input security.
• Discussions included joint ventures in petrochemicals and specialty chemicals with Saudi companies.
• Talks explored collaboration in pharma and healthcare products to expand export opportunities.
• The visit aligned with India’s strategy to diversify fertilizer import sources and build resilient supply chains.
• High-level meetings were held with Saudi ministers and heads of major energy and chemical corporations.
• Strengthening cooperation supports the Comprehensive Strategic Partnership between India and Saudi Arabia.
• Engagement contributes to achieving self-reliance in critical inputs and deepening West Asia economic ties.

Additional Information

• Saudi Arabia is a major global producer of fertilizers, petrochemicals, and crude oil.
• India is one of the world’s largest fertilizer consumers, importing key nutrients like urea and potash.
• India–Saudi Arabia relations span energy, trade, diaspora, security, and investment cooperation.
• Long-term offtake agreements help stabilise prices and ensure assured supply of critical inputs.

The correct answer is Both 1 and 2.

In News

• NHAI launched the FASTag Annual Pass nationwide for efficient toll payments with user-friendly activation and affordability.

Key Points

• Statement 1 – Correct: The pass costs ₹3,000, valid for either 200 toll crossings or one year, whichever is earlier.
• Statement 2 – Correct: The pass is for non-commercial vehicles with valid FASTag and can be activated through Rajmargyatra app or the NHAI website within two hours.
• Statement 3 – Incorrect: The pass is not limited to commercial vehicles; it is specifically for non-commercial vehicles as well.
• FASTag is a government-backed electronic toll collection program.
• Wide coverage includes 1,150 toll plazas across India effective immediately.
• Annual pass enables cost savings and hassle-free highway travel for frequent users.

Additional Information

• NHAI – National Highways Authority of India, responsible for national highway development.
• Established in - 1988
• HQ - New Delhi
• FASTag uses RFID technology for seamless toll payments.
• Rajmargyatra – Official NHAI app facilitating toll-related services.

The correct answer is Both 1 and 2.

In News

• Union Cabinet approves Central Sector MERITE scheme (2025–30) with ₹4,200 crore outlay covering 275 technical institutions.

Key Points

• Statement 1 correct – MERITE full form - Multidisciplinary Education and Research Improvement in Technical Education (MERITE) Scheme
• Statement 2 correct – The scheme will cover 275 institutions across the country including 175 engineering institutes and 100 polytechnic colleges.
• Statement 3 incorrect – Outlay is ₹4,200 crore, with World Bank loan of ₹2,100 crore (not 3,500 & 1,000).
• Scheme valid from 2025-26 to 2029-30.
• Implementing Institutions – IITs, IIMs, AICTE, NBA.
• Aims to improve technical education quality & research relevance.

Additional Information

• CSS: Central Sector Scheme, fully funded by Government of India.
• AICTE: Approves technical curriculum & institutions.
• Established in - 1945
• HQ - Mumbai
• NBA: Accredits higher education programs.
• World Bank
• ​Established in - 1944
• HQ - Washington D.C

The correct answer is NxtBanking.

In News

• Laraware Pvt Ltd launches India’s first AI-powered fintech platform “Nxtbanking”.

Key Points

• Laraware Pvt Ltd has launched “Nxtbanking”, a fully AI-powered fintech software.
• The platform integrates 50+ financial APIs, including AEPS and BBPS.
• Micro ATM is also part of the integrated services under Nxtbanking.
• Anvesh Tiwari serves as the CTO and led the platform development.
• Nxtbanking includes an 8-layer Artificial Intelligence compliance engine.
• UPI was not explicitly mentioned among the integrated systems in the platform.

Additional Information

• AEPS enables basic banking transactions through Aadhaar authentication.
• BBPS is an integrated bill payment system by NPCI.
• Micro ATM allows remote banking using biometric authentication.
• AI compliance ensures real-time fraud detection and regulatory checks.
• UPI, although widely used, was not part of the initial Nxtbanking feature list.

The correct answer is Grandmaster.

In News

• By winning the FIDE Women’s World Cup 2025, Divya Deshmukh became a Grandmaster.

Key Points

• Divya won the FIDE Women’s World Cup 2025 in Batumi, Georgia.
• She defeated Koneru Humpy in final rapid tiebreaks.
• Winning the Women’s World Cup awards an automatic GM title.
• She became India’s 88^th Grandmaster and fourth Indian woman to reach that title.
• The win also qualified her for the Women’s Candidates Tournament 2026.

Additional Information

• FIDE is the International Chess Federation that governs global chess norms.
• Established in- 1924
• HQ - Lausanne, Switzerland
• Standard path to GM involves achieving norms and a 2500+ Elo rating.
• Candidates Tournament decides challenger for the Women’s World Championship.
• Other Indian women GMs: Koneru Humpy, Dronavalli Harika, Vaishali Rameshbabu.
• Her win is considered a milestone for women’s chess in India.

The correct answer is Wildlife Institute of India (WII).

In News

• NHAI, in collaboration with the Wildlife Institute of India (WII) and MoEFCC, developed India’s first dedicated wildlife corridor on the Delhi–Mumbai Expressway.

Key Points

• The National Highways Authority of India (NHAI) has created the country’s first dedicated wildlife corridor on a national highway, covering a 12-kilometre section of the Delhi-Mumbai Expressway that passes through the buffer zone of Ranthambore Tiger Reserve in Bundi district, Rajasthan.
• The project was executed in partnership with the Wildlife Institute of India (WII) and the Ministry of Environment, Forest and Climate Change (MoEFCC).
• Situated in the ecologically sensitive area between the Ranthambore Tiger Reserve and the Chambal Valley, the corridor lies in a region known for its rich biodiversity.
• To facilitate safe movement for large mammals, five wildlife overpasses of 500 metres each and India’s longest wildlife underpass of 1.2 kilometres were constructed. About 5 km of the expressway was built either elevated or sunken to maintain the natural landscape.
• Additionally, a 4-metre-high boundary wall and 2-metre sound barriers were installed to prevent animals from entering the roadway.

Additional Information

• Wildlife Institute of India (WII) specializes in wildlife research, training, and management in India.
• Corridors reduce human–animal conflicts along highways passing through ecologically sensitive areas.
• Ranthambore Tiger Reserve is part of the tiger conservation network in India.
• NHAI
• Established in - 1988
• HQ - New Delhi
• Wildlife Institute of India
• Established in - 1982
• HQ - Dehradun

The correct answer is ₹50,000.

In News

• Walk-in customers under the Indo-Nepal Remittance Scheme can remit up to ₹50,000 per transaction without maintaining a bank account.

Key Points

• Under the Indo-Nepal Remittance Scheme, walk-in customers can remit up to ₹50,000 per transaction without the need to maintain a bank account.
• Account-holding customers can remit up to ₹2,00,000 per transaction under the scheme.
• The facility is managed by State Bank of India on the Indian side and Nepal SBI Bank Limited on the Nepal side.
• The scheme facilitates easy and affordable remittances for cross-border transfers to Nepalese residents.
• Remittance limits help enhance financial inclusion and remittance formalisation for cross-border workers.

Additional Information

• NEFT-enabled bank branches facilitate quick and cost-effective electronic funds transfers.
• Indo-Nepal Remittance Scheme was introduced to formalize worker remittances and reduce informal channels.
• Beneficiaries in Nepal receive remittances directly in bank accounts or through cash pick-up points.
• NEFT
• NEFT is an electronic payment system used for transferring funds between banks in India.
• It operates on a centralized system, managed by the Reserve Bank of India (RBI).
• Transactions are processed in half-hourly batches on all working days, except Sundays and bank holidays.
• It enables real-time crediting of funds, ensuring that the recipient receives the money almost immediately.

The correct answer is Dormant accounts and unclaimed deposits inactive for 10 years or more.

In News

• DEAF receives funds from bank deposit accounts and other deposits that remain inoperative or unclaimed for 10 years or more.

Key Points

• Eligible accounts include savings bank, current, fixed deposit, recurring deposit, and other deposit accounts.
• Inactive or dormant accounts whose balances remain unclaimed are transferred to DEAF annually.
• DEAF funds are used for depositor education, awareness campaigns, and responsible banking practices.
• Depositors can claim balances from the fund through their respective banks even after the transfer.
• RBI periodically revises guidelines for the classification and transfer of unclaimed deposits to DEAF.

Additional Information

• DEAF was established under the Banking Regulation Act in 2014, replacing the earlier fund.
• It helps strengthen depositor confidence and reduces vulnerabilities due to unclaimed monies.
• Banks are responsible for publicising information regarding unclaimed deposits and procedures to claim.
• RBI
• Established in - 1935
• HQ - Mumbai
• Governor - Sanjay Malhotra

The correct answer is Ministry of Defence.

In News

• BEML operates under the administrative control of the Ministry of Defence, Government of India.

Key Points

• BEML manufactures earthmoving equipment for defence applications such as heavy recovery vehicles, minefield marking equipment, and trailers for tanks.
• It contributes to India’s defence production and indigenization under the 'Make in India' initiatives.
• The company also supplies equipment to civilian industries including rail coaches and mining machinery.
• BEML has multiple manufacturing units including Bengaluru and Mysore.
• BEML signed MoUs with the Ministry of Defence and other agencies for strategic projects development.

Additional Information

• BEML was fully government-owned and is a Schedule ‘A’ CPSE based in Bengaluru.
• The company exports products to over 60 countries worldwide.
• BEML supports strategic autonomy in defence manufacturing in India.
• BEML
• Established in - 1964
• HQ - Bengaluru