MCQs 2026

While physical interactions occur, the RBI's 'push for financial literacy through digital channels' specifically emphasizes online platforms, social media, and mobile apps, rather than individual physical branch visits as a primary digital channel.

The RBI's primary objective for promoting financial literacy through digital channels is to empower individuals with knowledge about various financial products, services, and sound financial management practices, thereby fostering financial inclusion and well-being.

As per RBI guidelines, Payment Aggregators are required to have a minimum net worth of ₹15 crore by March 31, 2021, and ₹25 crore by March 31, 2023, to obtain and maintain authorization.

Existing Payment Aggregators are required to apply for authorization from the RBI to continue their operations, ensuring they meet the specified regulatory and operational standards.

The RBI introduced new guidelines to regulate Payment Aggregators (PAs) and bring them under direct supervision, thereby enhancing customer security, data protection, and overall stability of the digital payment ecosystem.

The guidelines apply to all Regulated Entities (REs) of the RBI, including commercial banks, cooperative banks, NBFCs, and their Lending Service Providers (LSPs) engaged in digital lending.

The framework mandates that the loan disbursement and repayment must be executed directly between the borrower and the Regulated Entity's (RE) bank account, without any pass-through or pooling of funds by the Lending Service Provider (LSP).

The primary objective of the RBI's enhanced digital lending framework is to ensure fair lending practices, transparency, and robust consumer protection in the digital lending ecosystem.

Under ABDM, citizens are provided with an Ayushman Bharat Health Account (ABHA) number, which acts as a unique health ID.

The National Health Authority (NHA) under the Ministry of Health and Family Welfare is the implementing agency for the Ayushman Bharat Digital Mission.