MCQs - 2026-05

The RBI introduced the PCA framework for UCBs to maintain sound financial health and to take corrective measures when banks show signs of financial stress.

The regulations aim to curb unethical recovery practices, ensure data privacy, and bring transparency to the digital lending ecosystem.

RBI guidelines state that data collection by DLAs should be 'need-based' and with the prior and explicit consent of the borrower, with an option to revoke consent.

RBI mandates that all loan disbursals and repayments must be executed directly between the bank accounts of the borrower and the Regulated Entity (RE), without passing through the pool account of any third party.

By promoting rural entrepreneurship and micro-enterprises, the scheme aims to boost local economies and improve the economic self-sufficiency of rural communities.

The 'Gramin Udyam Protsahan Yojana' is a government initiative under the purview of the Ministry of Rural Development.

The scheme is designed to foster entrepreneurship and support the growth of micro-enterprises in rural India, thereby creating employment opportunities.

The PM-eBus Sewa scheme is implemented by the Ministry of Housing and Urban Affairs (MoHUA) to enhance urban mobility.

The scheme aims to support bus manufacturers in producing electric buses and to develop the necessary infrastructure for their operation, including charging stations and depots.

The PM-eBus Sewa scheme focuses on improving public bus services in Tier-2 and Tier-3 cities, aiming to provide a sustainable and efficient public transportation network.