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MCQs 2026

11.
According to the RBI's 2026 digital lending framework, what is the maximum period for which a digital lending entity can outsource certain functions, provided it does not outsource the core decision-making process?
A 6 months
B 1 year
C 2 years
D No specific time limit, as long as core functions are retained.
12.
As per the updated digital lending guidelines issued by the Reserve Bank of India (RBI) in 2026, which of the following is NOT a mandatory requirement for entities undertaking digital lending?
A Obtaining a specific license from RBI for all digital lending activities.
B Ensuring that all loan disbursals and repayments are executed only through bank accounts of the digital lending entity and the borrower.
C Appointing a Chief Compliance Officer (CCO) responsible for the entity's adherence to the guidelines.
D Providing a clear and comprehensive Key Fact Statement (KFS) to the borrower before the loan agreement is executed.
13.
Which of the following is a key feature of NSDM 2.0 regarding skill certification?
A Mandatory offline examination for all
B Integration with the National Credit Framework (NCrF)
C Certification only by private institutions
D Abolition of all skill certificates
14.
Which ministry is the nodal agency for the implementation of the National Skill Development Mission 2.0?
A Ministry of Education
B Ministry of Skill Development and Entrepreneurship
C Ministry of Labour and Employment
D Ministry of Commerce and Industry
15.
What is the primary focus of the National Skill Development Mission (NSDM) 2.0?
A Focus on traditional agricultural training
B Focus on Industry 4.0 skills and emerging technologies
C Focus on primary education infrastructure
D Focus on international migration of labor
16.
What is the eligibility criteria for the 'Middle Class' category under PMAY-U 2.0 in terms of annual household income?
A Up to Rs 6 Lakh
B Rs 6 Lakh to Rs 18 Lakh
C Rs 18 Lakh to Rs 25 Lakh
D Above Rs 25 Lakh
17.
Which of the following is a key component introduced in the expanded PMAY-U 2.0 to support middle-class families?
A Interest Subsidy Scheme (ISS)
B Direct Cash Transfer for Rent
C Free Land Allocation
D Mandatory Solar Panel Installation
18.
Under the PMAY-U 2.0 expansion, what is the primary objective regarding the number of houses to be constructed for urban poor and middle-class families?
A 1 crore houses
B 2 crore houses
C 3 crore houses
D 50 lakh houses
19.
What is the primary objective behind observing the International Day of Friendship?
A To celebrate cultural diversity and heritage.
B To promote peace and understanding among peoples, countries, and cultures.
C To encourage economic cooperation and trade agreements.
D To recognize historical alliances and diplomatic relations.
20.
In which year did the United Nations officially proclaim July 30 as the International Day of Friendship?
A 2005
B 2008
C 2011
D 2014
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