MCQs 2026

The primary objective is to establish a clear and structured process for the early identification and resolution of financial distress in NBFCs, thereby safeguarding financial stability.

The new framework by RBI is specifically designed to address and resolve stressed assets within Non-Banking Financial Companies (NBFCs).

To strengthen financial resilience, enhanced prudential norms typically require banks to maintain higher capital and liquidity buffers, which act as a cushion against potential losses.

Enhanced prudential norms primarily focus on improving capital adequacy, maintaining asset quality, and strengthening risk management frameworks to ensure banks' financial health.

The primary objective of RBI's enhanced prudential norms is to strengthen the financial resilience and stability of banks, ensuring they can withstand adverse economic conditions.

Mandatory e-KYC (Electronic Know Your Customer) for PM-KISAN beneficiaries is primarily done to verify the identity of the beneficiary and authenticate their eligibility using their Aadhaar number, thereby preventing impersonation and ensuring that benefits go to the rightful person.

Strengthening the database, through measures like Aadhaar seeding and e-KYC, is primarily aimed at identifying and eliminating ineligible beneficiaries and preventing fraudulent claims, thereby ensuring that the benefits reach only genuine farmers.

While income tax payees are generally excluded, mandatory submission of income tax returns by all beneficiaries is not a primary method for strengthening the database for all beneficiaries. Aadhaar seeding, e-KYC, and physical verification are key steps to identify genuine farmers and prevent fraud.

The PM-KISAN scheme was launched on February 24, 2019, though it was made effective from December 1, 2018.

The financial benefit under PM-KISAN is directly transferred to the bank accounts of the beneficiaries through Direct Benefit Transfer (DBT). The scheme initially had a landholding limit, but it was later removed. Institutional landholders are generally excluded. It is a central sector scheme with 100% funding from the Government of India.