The RBI's new framework for resolution of stressed assets typically applies to which entities?
A Only Public Sector Banks
B Only Private Sector Banks
C All Scheduled Commercial Banks (excluding Regional Rural Banks)
D All regulated entities including banks, NBFCs, and other financial institutions
Answer: D
RBI's frameworks for stressed asset resolution are generally comprehensive, covering all regulated entities under its purview, including banks, NBFCs, and other financial institutions, to ensure a consistent and effective approach across the financial sector.
102.
What is a key characteristic of the RBI's new framework for resolution of stressed assets?
A It mandates a specific timeline for resolution plans and referral to NCLT if not resolved.
B It allows banks to indefinitely delay the recognition of stressed assets.
C It primarily focuses on providing interest waivers for all defaulting borrowers.
D It restricts the use of the Insolvency and Bankruptcy Code (IBC) for stressed asset resolution.
Answer: A
The new framework emphasizes early identification and resolution of stressed assets, often by mandating specific timelines for resolution plans and requiring referral to the National Company Law Tribunal (NCLT) under the IBC if a resolution is not achieved within the stipulated period.
103.
Enhanced prudential norms for NBFCs typically include measures aimed at improving which of the following aspects?
A Capital adequacy and asset quality
B Risk management and corporate governance
C Transparency and disclosure standards
D All of the above
Answer: D
Enhanced prudential norms for NBFCs are comprehensive, aiming to improve capital adequacy, asset quality, risk management, corporate governance, and transparency to ensure a robust and stable financial sector.
104.
Which of the following is NOT a typical category under which NBFCs are classified by the RBI for regulatory purposes?
A Deposit-taking NBFCs
B Non-deposit taking NBFCs
C Systemically Important NBFCs
D Public Sector NBFCs
Answer: D
RBI classifies NBFCs based on whether they accept public deposits (Deposit-taking vs. Non-deposit taking) and their asset size/systemic importance (Systemically Important vs. Non-Systemically Important). 'Public Sector' refers to ownership, not a regulatory classification category for NBFCs by RBI.
105.
What is the primary objective behind the Reserve Bank of India (RBI) enhancing prudential norms for Non-Banking Financial Companies (NBFCs)?
A To increase the profitability of NBFCs
B To reduce the regulatory burden on NBFCs
C To strengthen financial stability and protect depositors' interests
D To encourage NBFCs to diversify into non-financial activities
Answer: C
The primary objective of RBI enhancing prudential norms for NBFCs is to strengthen financial stability, mitigate risks, and protect the interests of depositors and the broader financial system.
106.
What is a significant benefit of using digital monitoring tools for MGNREGA in terms of fund management?
A It leads to increased delays in fund disbursement.
B It allows for faster and more accurate tracking of fund utilization and reduces the scope for leakage.
C It makes it harder to audit the expenditure.
D It requires all payments to be made in cash.
Answer: B
Digital tools enable real-time tracking of financial transactions, making it easier to monitor fund flow, identify discrepancies, and ensure that funds are utilized effectively for the intended purposes, thereby minimizing corruption and delays.
107.
Which of the following is a key digital monitoring tool used for MGNREGA in India?
A Aadhaar Enabled Payment System (AEPS)
B National Mobile Monitoring System (NMMS) App
C Unified Payments Interface (UPI)
D Goods and Services Tax Network (GSTN)
Answer: B
The National Mobile Monitoring System (NMMS) App is a crucial digital tool for MGNREGA, used for real-time monitoring of works, capturing attendance of workers, and ensuring transparency.
108.
What is the primary purpose of using digital monitoring tools for MGNREGA?
A To reduce the number of workdays available under the scheme.
B To enhance transparency, accountability, and efficiency in project implementation and fund management.
C To replace manual record-keeping entirely with paperless processes.
D To limit the participation of beneficiaries in the scheme.
Answer: B
Digital tools like mobile apps and web portals help in real-time tracking of project progress, worker attendance, fund utilization, and grievance redressal, thereby improving the overall governance of MGNREGA.
109.
Which government ministry is primarily responsible for the implementation of the PM-Surya Ghar Muft Bijli Yojana?
A Ministry of Rural Development
B Ministry of Power
C Ministry of New and Renewable Energy
D Ministry of Finance
Answer: C
The Ministry of New and Renewable Energy (MNRE) is the nodal ministry for promoting solar energy and is responsible for the implementation of schemes like PM-Surya Ghar Muft Bijli Yojana.
110.
Under the PM-Surya Ghar Muft Bijli Yojana, what is the subsidy provided for rooftop solar installations?
A A fixed subsidy of ₹15,000 per installation.
B Subsidy is provided based on the capacity of the solar system installed, up to a certain limit.
C No subsidy is provided; it is a loan scheme.
D A 10% subsidy on the total cost.
Answer: B
The subsidy structure is tiered based on the capacity of the rooftop solar system, with higher capacities receiving proportionally higher subsidies up to a specified cap.
