Practise UPSC MCQs with explanations

Which of the following statements about Crowdfunding is/are correct? 1. Crowdfunding is solicitation of funds (small amount) from multiple investors through a web-based platform or social networking site for a specific project. 2. Small and Medium Enterprises (SMEs) are able to raise funds at lower cost of capital without undergoing rigorous procedures. Select the answer using the code given below:

Which of the following statements about insurance in aviation sector is/are correct? 1. 'Aviation Hull Insurance' covers the physical aircraft, including the body, engine, and on-board equipment. 2. Under the Montreal Convention, adopted in 1999 by over 130 countries, including India, airlines are strictly liable to pay compensation to the family/nominee of every deceased passenger without requiring the family to prove fault. Select the answer using the code given below:

Which of the following statements about Rare Earth Elements (REEs) and Critical Minerals is/are correct? 1. Modern technological innovations including Artificial Intelligence, robotics and space exploration extensively utilise Rare Earth Elements (REEs). 2. China has the highest share in mining of REEs followed by India. 3. The Government of India launched the National Critical Mineral Mission (NCMM) in 2025 to establish a robust framework for self-reliance in the critical mineral sector. 4. Rare Earth Elements are a set of 13 metallic elements. Select the answer using the code given below:

Which one of the following best describes the 'Crowding Out Effect' in the context of fiscal policy?

Which of the following statements about M1xchange's role in Micro, Small & Medium Enterprises (MSMEs) financing is/are correct? 1. M1xchange provides collateral based loans to MSMEs. 2. M1xchange facilitates discounting of invoices and Bills of Exchange for MSMEs. 3. M1xchange functions as a credit rating agency for MSMEs. Select the answer using the code given below:

A bond whose proceeds are used only to finance or refinance a combination of both environmental and social projects is called:

Which of the following statements about Real-World Assets (RWA) Tokenization are correct? 1. Tokenization is the process of turning real world assets into digital tokens using blockchain technology. 2. Tokenization of real world assets offers 24 x 7 access, promoting financial inclusion. 3. Tokenization of real world assets will allow the access to high growth investment opportunities for individuals in India. Select the answer using the code given below:

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

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

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

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:

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. Select the answer using the code given below:

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. Which of the statements given above is/are correct?

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. Select the answer using the code given below:

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

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 Slam tournaments. 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. Select the answer using the code given below:

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

The Bureau of Indian Standard (BIS) recently introduced a national standard to test and assess bomb disposal system. Which of the following statements with regard to this system is/are correct? 1. The new standard is known as IS 19445 : 2025. 2. It will improve interoperability of equipment across agencies. 3. It was developed by TBRL, DRDO in collaboration with the 30th Central Scientific Research Institute, Russia. Select the answer using the code given below:

Which of the following statements about DHRUV64 is/are correct? 1. It is the third chip fabricated under the DIR-V Programme with an overall aim to enable the creation of microprocessors for India. 2. It is India's first homegrown 1.0 GHz, 64-bit dual-core microprocessor. Select the answer using the code given below:

The Chancellor of the Federal Republic of Germany visited India in January, 2026. Which of the following is/are not correct in terms of outcomes of this visit? 1. Signing of a Memorandum of Understanding between the All India Institute of Ayurveda and the University of Hamburg. 2. Signing of a Memorandum of Understanding on Youth Hockey Development between Hockey India and the German Hockey Federation. 3. Establishment of a bilateral dialogue mechanism on the Indo-Pacific. 4. Opening of an Honorary Consul of Germany in Lucknow. Select the answer using the code given below: