MCQs 2026

RBI has issued comprehensive guidelines, including the 'Cyber Security Framework for Banks', emphasizing the need for robust governance, risk management, and regular audits to enhance cybersecurity posture.

The RBI's focus on cybersecurity resilience aims to strengthen banks' ability to withstand, respond to, and recover from cyberattacks, thereby ensuring uninterrupted services and safeguarding sensitive customer information.

The RBI's framework covers Regulated Entities (REs) such as banks and NBFCs, and also extends to their Lending Service Providers (LSPs) who engage in digital lending on behalf of REs.

The RBI mandates that a Key Fact Statement (KFS) must be provided to the borrower before the execution of the loan contract, detailing all terms and conditions, including interest rates, fees, and other charges.

The RBI's enhanced digital lending framework introduced a 'cooling-off' or 'look-up' period during which borrowers can exit the loan by paying the principal and proportionate annual percentage rate (APR) without penalty.

GSDP is an initiative under the Skill India Mission to provide training to youth in green skills, which are essential for sustainable development.

The Ministry of Environment, Forest and Climate Change (MoEFCC) launched the Green Skill Development Programme to skill youth in environment, forest, and wildlife sectors.

The Green Skill Development Programme (GSDP) aims to develop green skilled workers having technical knowledge and commitment to sustainable development, helping in the attainment of Nationally Determined Contributions (NDCs).

The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme was launched by the Prime Minister on 24th February 2019 in Gorakhpur, Uttar Pradesh.

The PM-KISAN scheme is a Central Sector scheme with 100% funding from the Government of India, implemented by the Ministry of Agriculture and Farmers Welfare.