2nd July 2025

Explanation: 
The Financial Stability Report (FSR) is a biannual publication released by the Reserve Bank of India (RBI), typically in June and December. It provides a comprehensive assessment of the health, resilience, and risks facing the Indian financial system. The FSR covers the entire financial system, including banks, NBFCs, cooperative banks, and other financial intermediaries. It assesses systemic risks, both domestic and global, and includes stress tests to evaluate the resilience of banks under adverse economic conditions. The primary objective is to provide financial stability assessments and policy guidance, not monetary policy recommendations. 

Explanation: 
A Geographical Indication (GI) tag secures the quality and authenticity of a product to a particular geographical origin and provides legal protection from duplication. The first product to receive a GI tag in India was Darjeeling Tea. 

Answer - D 

Explanation:
The At Sea Observer Mission was launched by the QUAD nations (India, Japan, the United States, and Australia) to strengthen maritime security and interoperability in the Indo-Pacific, under the Wilmington Declaration. Officers, including women, from each country are participating aboard the US Coast Guard Cutter (USCGC) Stratton. The mission aligns with India’s SAGAR vision and the Indo-Pacific Oceans Initiative (IPOI), focusing on capacity-building, humanitarian outreach, and maritime rule of law. 

Explanation: 
The India Energy Stack (IES) is a pioneering Digital Public Infrastructure (DPI) initiative aimed at creating a unified, secure, and interoperable digital platform for India’s energy sector. It will provide unique IDs for consumers, assets, and transactions to enhance transparency and efficiency. The initiative is spearheaded by the Ministry of Power, not the Ministry of New and Renewable Energy (MNRE). A dedicated Task Force has been constituted to oversee its development and nationwide scale-up. 

Explanation: 
A Geographical Indication (GI) is a sign used on products that have a specific geographical origin and possess qualities or a reputation due to that origin. GI tags in India are regulated under the Geographical Indications of Goods (Registration and Protection) Act, 1999, not the Patents Act, 1970. Internationally, GI is governed by the World Trade Organisation’s (WTO’s) Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS), not by the World Intellectual Property Organisation (WIPO).