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MCQs 2026

1.
The 'Vikas Nidhi' scheme aims to help MSMEs adopt digital tools for which of the following?
A Only marketing
B Only financial management
C Operations, marketing, and financial management
D Only human resource management
2.
How is the 'Vikas Nidhi' scheme expected to improve MSMEs' access to credit?
A By providing unlimited collateral-free loans
B By improving financial record-keeping and transparency through digitalization
C By mandating banks to lend to all MSMEs regardless of their financial health
D By replacing traditional banking with digital lending platforms
3.
Which of the following is NOT a component of the 'Vikas Nidhi' scheme's support for MSMEs?
A Financial assistance
B Technical support
C Capacity building programs
D Direct equity investment in MSMEs
4.
What is the primary objective of the 'Vikas Nidhi' scheme?
A To provide direct financial loans to large corporations
B To accelerate the digital transformation of MSMEs
C To establish new physical infrastructure for industries
D To promote traditional manufacturing methods
5.
Which government body collaborated with SIDBI to launch the 'Vikas Nidhi' scheme?
A Ministry of Commerce and Industry
B Ministry of MSME
C Ministry of Finance
D NITI Aayog
6.
When was the 'Vikas Nidhi' scheme launched?
A April 1, 2026
B April 7, 2026
C March 25, 2026
D April 9, 2026
7.
The new framework is expected to lead to consolidation in which sector?
A Traditional banking sector
B Fintech sector
C Real estate sector
D Automobile manufacturing
8.
Which of the following is NOT a mandated aspect of the new RBI digital lending framework?
A Transparent interest rate disclosure
B Robust grievance redressal mechanisms
C Mandatory physical verification of all borrowers
D Strict adherence to fair practices
9.
What is a primary objective of the RBI's unified regulatory framework for digital lending?
A To promote unregulated growth of digital lending apps
B To reduce competition in the digital lending market
C To enhance consumer protection and transparency
D To allow LSPs to set their own interest rate disclosure norms
10.
According to the new framework, how must loan disbursements and repayments be executed?
A Through any third-party payment gateway
B Directly between the borrower and the Lending Service Provider (LSP)
C Directly between the borrower and the Regulated Entity (RE)
D Via a digital wallet of the borrower's choice