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Exam Year: 2026

  • ,

    Which one of the following statements about Unified Payments Interface (UPI) and Central Bank Digital Currency (Digital Rupee) is NOT correct?

    (a)

    UPI is a real-time payment system but Digital Rupee is akin to sovereign paper currency

    (b)

    In case of UPI, settlement for end users happens instantly; in case of Digital Rupee, wallet balance gets transferred to another wallet (no traditional settlement)

    (c)

    UPI transactions are recorded by banks and reflected in bank statements; in case of Digital Rupee, no data is captured in bank statements

    (d)

    In both the cases (UPI and Digital Rupee), the liability lies with the users and their respective banks

    Correct Answer:

    D

  • ,

    Which one of the following best describes the key objective of India’s ‘Open Network for Digital Commerce’ (ONDC) initiative?

    (a)

    To allow digital government control over all digital commerce transactions

    (b)

    To replace private e-commerce players

    (c)

    To break the dominance of large e-commerce platforms by enabling interoperability across networks

    (d)

    To mandate UPI-based payments for all online transactions

    Correct Answer:

    C

  • ,

    Which one of the following correctly represents the three key sub-indices of the Financial Inclusion Index (FI-Index) of the RBI?

    (a)

    Credit access, Insurance depth, and Pension coverage

    (b)

    Banking access, GDP contribution, and Financial literacy

    (c)

    Access, Usage, and Quality

    (d)

    Access, Affordability, and Transparency

    Correct Answer:

    C

  • ,

    An e-commerce revenue model where the seller has control over pricing but doesn’t keep products in stock and instead transfers customer orders and shipment details to a third-party supplier, who then ships the goods directly to the customer, is called:

    (a)

    Dropshipping Model

    (b)

    Affiliate Revenue Model

    (c)

    Transaction Fee Revenue Model

    (d)

    Agency Revenue Model

    Correct Answer:

    A

  • ,

    Which of the following statements regarding the features of blockchain technology are correct?
    1. Records stored in the database may be made visible to relevant stakeholders without risk of alteration.
    2. Copies of the entire database are stored on multiple computers on a network syncing within seconds.
    3. Consortium blockchain is a blend of public and private blockchains allowing selective data access.
    4. Mathematical algorithms make it impossible to change or delete any data once recorded and accepted.

    (a)

    1 and 3

    (b)

    2 and 4 only

    (c)

    1, 2 and 4

    (d)

    1 and 4 only

    Correct Answer:

    C

  • ,

    Consider the following statements with regard to the film ‘Boong’:
    1. The film has recently won the British Academy of Film and Television Arts (BAFTA) Award in the Children’s and Family Film category.
    2. The film is directed by Lakshmipriya Devi.
    3. This is the first Indian film to win a BAFTA award in the Children’s and Family Film category.

    (a)

    1, 2 and 3

    (b)

    2 and 3 only

    (c)

    1 and 2 only

    (d)

    3 only

    Correct Answer:

    A

  • ,

    Which of the following statements with regard to India’s indigenous new high resolution weather model, the ‘Bharat Forecast System,’ is/are correct?
    1. Its objective is to generate forecasts at the Panchayats cluster level.
    2. It was developed by IIT Delhi.

    (a)

    1 only

    (b)

    2 only

    (c)

    Both 1 and 2

    (d)

    Neither 1 nor 2

    Correct Answer:

    A

  • ,

    Which one of the following pairs of semiconductor plants in India and their locations is NOT correctly matched?

    (a)

    CG Power (with Renesas and STARS Microelectronics) : Gujarat

    (b)

    Tata Semiconductor Assembly and Test Pvt. Ltd. : Assam

    (c)

    HCL-Foxconn Joint Venture India Chip Ltd. : Madhya Pradesh

    (d)

    SicSem Pvt. Ltd. : Odisha

    Correct Answer:

    C

  • ,

    Which of the following statements with regard to the Grand Slam Tennis Tournaments is/are correct?
    1. The tournaments have a shared governance structure establishing the partnership among the four Grand Slams.
    2. They are open for entry to all internationally ranked tennis players above the age of 14.
    3. There is a limitation on the number of ‘Wild Cards’ a player may receive to compete in a Grand Slam Tournament.

    (a)

    1 and 2 only

    (b)

    2 and 3 only

    (c)

    1 only

    (d)

    1, 2 and 3

    Correct Answer:

    A

  • ,

    ‘X’, born in the UK, was conferred the Nobel Prize in 2025. He was a professor in an American university when the prize was announced. Identify ‘X’:

    (a)

    Michel H. Devoret

    (b)

    Richard Robson

    (c)

    John Clarke

    (d)

    Joel Mokyr

    Correct Answer:

    C