MCQs - 2026-06

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.

Under the PM-KISAN scheme, all landholding farmer families are provided with a financial benefit of Rs 6,000 per annum, payable in three equal installments of Rs 2,000 each.

The day focuses on the unique characteristics of the tropics and the need for sustainable development, conservation of biodiversity, and addressing the specific challenges posed by climate change in these regions.

Tropical regions are particularly susceptible to the impacts of climate change, including sea-level rise, more intense hurricanes, and altered rainfall patterns.