MCQs - 2026-04

The proliferation of affordable high-speed internet and smartphone penetration has made regional content accessible to a wider audience.

The roadmap stresses the importance of robust data governance, privacy, and ethical AI frameworks to ensure secure and responsible adoption of technology.

AI and ML models are being integrated to analyze vast datasets for better credit risk assessment and to reduce non-performing assets (NPAs).

The roadmap focuses on leveraging AI for fraud detection, personalized banking, credit underwriting, and improving overall operational efficiency in PSBs.

The KFS is designed to provide borrowers with clear, standardized information about the total cost of the loan, including the Annual Percentage Rate (APR), to ensure transparency.

RBI mandates that all loan disbursals and repayments must be executed only between the bank accounts of the borrower and the Regulated Entity (RE) without any pass-through account of the LSP.

The Regulated Entity (RE) is responsible for ensuring that the KFS is provided to the borrower in a standardized format before the execution of the loan contract.

The expansion of the scheme is specifically targeted at boosting women's participation in the MSME sector, which is a major driver of the economy.

The scheme focuses on providing easier access to credit, often including collateral-free loans and interest subvention to encourage women-led startups.

The Nari Shakti Udyami Scheme aims to empower women by providing financial support, credit facilities, and skill development to start their own businesses.