Current Affairs & MCQs
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MCQs 2026

11.
What is the purpose of the 'Key Fact Statement' (KFS) mandated by RBI for digital loans?
A To hide hidden charges from customers
B To provide transparent information about the total cost of credit
C To promote the digital platform's marketing
D To restrict the number of loans a person can take
12.
Under the new RBI digital lending guidelines, who must receive the loan funds directly?
A The Lending Service Provider (LSP)
B The borrower's bank account
C The digital platform's escrow account
D The third-party payment aggregator
13.
What happens when the RBI keeps the Repo Rate unchanged?
A Banks immediately increase lending rates
B The cost of borrowing for banks remains stable
C Foreign investment stops
D Inflation drops to zero
14.
What is the primary objective of the RBI maintaining the Repo Rate?
A To increase fiscal deficit
B To control inflation while supporting growth
C To devalue the Indian Rupee
D To increase foreign debt
15.
Which committee is responsible for deciding the Repo Rate in India?
A Financial Stability and Development Council
B Monetary Policy Committee
C Economic Advisory Council
D Securities and Exchange Board of India
16.
Which of the following best describes 'Green Skills' in the context of PMKVY 5.0?
A Skills related to artistic and creative fields.
B Skills required for jobs in renewable energy, sustainable agriculture, and environmental conservation.
C Skills focused on data analysis and machine learning.
D Skills for managing financial markets.
17.
What is the primary goal of integrating AI and Green Skills into PMKVY 5.0?
A To reduce the cost of training programs
B To enhance the employability of youth in future-oriented job markets
C To promote traditional vocational trades
D To increase the number of training centers
18.
The recently launched Pradhan Mantri Kaushal Vikas Yojana (PMKVY) 5.0 places a significant emphasis on training in which emerging sectors?
A Artificial Intelligence (AI) and Green Skills
B Traditional Handicrafts and Agriculture
C Healthcare and Hospitality
D Digital Marketing and E-commerce
19.
Which of the following is a key feature of the PM-KISAN Samman Nidhi scheme, even after its expansion to include landless farmers?
A It provides subsidies for agricultural machinery.
B It offers insurance coverage against crop failure.
C It transfers a fixed amount of financial assistance directly into the bank accounts of eligible beneficiaries.
D It provides training on modern farming techniques.
20.
What is the primary objective of expanding the PM-KISAN Samman Nidhi scheme to include landless farmers?
A To increase agricultural productivity
B To provide direct income support to vulnerable farming households
C To promote crop diversification
D To encourage farmer-producer organizations
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