MCQs - 2026-05

The Monetary Policy Committee (MPC) is a statutory body under the RBI Act, 1934, tasked with fixing the benchmark policy interest rate.

The RBI has maintained the repo rate at 6.50% to balance economic growth and inflation control.

Initially, PMAY-G aimed to achieve 'Housing for All' by 2022. However, the scheme has been extended, and the revised target for completion of houses is March 2024.

The unit assistance under PMAY-G has been enhanced to Rs. 1.20 lakh in plain areas and Rs. 1.30 lakh in hilly states, difficult areas, and IAP districts.

The main objective of PMAY-G is to provide a pucca house with basic amenities to all houseless households and those living in kutcha and dilapidated houses in rural areas by 2024.

The ASHA program was launched under the National Rural Health Mission (NRHM), which is now a sub-mission of the National Health Mission (NHM). ASHAs play a crucial role in community health outreach.

The primary objective of NHM is to achieve universal access to equitable, affordable and quality healthcare services that are accountable and responsive to people's needs, with special focus on strengthening primary healthcare.

The National Health Mission (NHM) was launched in 2013 by the Government of India, subsuming the National Rural Health Mission (NRHM) and the National Urban Health Mission (NUHM).

Institutional landholders, along with income tax payees, professionals (doctors, engineers, lawyers, CAs, architects), and government employees, are among the categories excluded from the PM-KISAN scheme.

The PM-KISAN scheme was launched on February 24, 2019, by Prime Minister Narendra Modi, though it was effective from December 1, 2018.