MCQs - 2026-05

The proposed norms require AIF managers to disclose detailed information regarding their valuation methodologies, potential conflicts of interest, and any material changes to the fund's strategy to investors.

SEBI's stricter norms for AIFs are primarily aimed at enhancing transparency, improving governance, and strengthening investor protection in the alternative investment space.

The guidelines state that digital lending apps must obtain explicit consent from borrowers for accessing device resources like camera, microphone, location, and other data, and such access must be need-based.

The RBI guidelines mandate that loan disbursement and repayment must be executed only between the borrower and the Regulated Entity (RE) directly, without any pass-through or pooling of funds by the Lending Service Provider (LSP).

The new RBI guidelines for digital lending platforms primarily aim to enhance customer protection and ensure greater transparency in the digital lending ecosystem.

The G7 members are Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.

The G7 coordinates on global security to address pressing geopolitical issues, uphold the rule of law, and maintain international stability.

Russia was suspended from the G8 in 2014 following the annexation of Crimea, reverting the group back to the G7.

A primary goal of the India-UAE CEPA is to significantly increase bilateral trade in goods and services, with a target of reaching $100 billion within five years of its implementation.

The India-UAE Comprehensive Economic Partnership Agreement (CEPA) was signed on February 18, 2022, and came into force on May 1, 2022.