Q1. Which of the following correctly describes the collateral support intervention under NIRYAT PROTSAHAN?
- Provides 100% collateral-free loans to all exporters without limit
- Provides guarantee coverage of up to 85% for Micro and Small exporters and up to 65% for Medium exporters
- Only applies to exporters with annual turnover above ₹100 crore
- Replaces existing credit guarantee mechanisms with a new system
Correct Option: 2. Provides guarantee coverage of up to 85% for Micro and Small exporters and up to 65% for Medium exporters
Explanation:
The collateral support intervention under NIRYAT PROTSAHAN is designed to address collateral constraints faced by MSME exporters. It provides:
• Guarantee coverage of up to 85% for Micro and Small exporters
• Up to 65% for Medium exporters
• Maximum guaranteed exposure: ₹10 crore per exporter per financial year
This complements existing credit guarantee mechanisms (does not replace them) and encourages banks to lend more to export-oriented MSMEs. Options A, C, and D are incorrect because the guarantee is not 100%, not limited to very large exporters, and works alongside existing schemes.
Q2. Which of the following statements about the 10th Edition of Indian Pharmacopoeia (IP 2026) is/are correct?
- IP 2026 has added 121 new monographs, increasing the total to 3,340.
- It includes, for the first time, blood component monographs related to transfusion medicine.
- The standards prescribed in IP are legally enforceable under the Drugs and Cosmetics Act, 1940.
- 1 and 2 only
- 2 and 3 only
- 1 and 3 only
- 1, 2, and 3
Correct Option: 4. 1, 2, and 3
Explanation:
• Statement 1: IP 2026 added 121 new monographs, bringing the total to 3,340.
•
Statement 2: For the first time, 20 blood component monographs were included under transfusion medicine, aligned with the Drugs and Cosmetics (Second Amendment) Rules, 2020.
•
Statement 3: The Indian Pharmacopoeia (IP) standards are authoritative and legally enforceable under the Drugs and Cosmetics Act, 1940, ensuring quality control of medicines in India.
Q3. What does the AAA (Stable) rating assigned to Raajmarg Infra Investment Trust (RIIT) by CARE Ratings indicate?
- RIIT offers high returns but carries moderate investment risk
- RIIT has the highest level of creditworthiness with an extremely low risk of default
- RIIT’s rating may be downgraded in the short term due to market volatility
- RIIT’s investments are guaranteed by the Government of India
Correct Option: 2. RIIT has the highest level of creditworthiness with an extremely low risk of default
Explanation:
A AAA rating is the highest credit rating assigned by rating agencies such as CARE Ratings. It signifies very strong financial health and the lowest probability of default on debt obligations. The ‘Stable’ outlook further indicates that the rating is unlikely to change in the near to medium term. While RIIT is sponsored by NHAI, the rating does not imply a government guarantee, making option 4 incorrect.