MCQs 2026

A strategic review typically aims to refine existing frameworks. For UCBs, this would involve tailoring the PCA framework's trigger levels and prescribed actions to better suit their specific operational environment and risk profile, rather than removing oversight or drastically altering norms without justification.

The PCA framework is a supervisory tool designed by the RBI to monitor banks' financial health and intervene proactively when certain risk thresholds are breached, preventing further deterioration.

The question explicitly states that the strategic review was conducted for Urban Cooperative Banks (UCBs).

The overarching goal of the RBI's enhanced guidelines is to foster a fair and transparent digital lending ecosystem, protecting borrowers from predatory practices and ensuring they have complete information.

A key aspect of the enhanced guidelines is the mandatory disclosure of the 'all-in-cost' of the loan, which includes all fees, charges, and interest rates, to ensure borrowers are fully aware of the financial commitment.

The RBI guidelines focus on transparency and consumer protection, mandating disclosures and consent mechanisms. While standardization of repayment schedules might be a future goal, it's not a direct mandate of these specific revised guidelines.

Phase II aims to empower rural citizens to utilize digital platforms for banking, government services, and digital payments.

The scheme specifically targets rural households to bridge the digital divide between urban and rural India.

GDSA Phase II focuses on moving beyond basic digital literacy to advanced digital skills, enabling rural citizens to access digital services and e-governance.

The Ministry of Skill Development and Entrepreneurship (MSDE) is responsible for the implementation of the Pradhan Mantri Kaushal Vikas Yojana.