MCQs - 2026-07

The RBI guidelines mandate a cooling-off period of at least 3 days for digital loans, allowing borrowers to reconsider their decision without penalty.

A major focus of the stricter digital lending guidelines is to curb predatory lending practices, including exorbitant interest rates and opaque fee structures, thereby safeguarding consumer interests.

While the RBI guidelines emphasize robust compliance and transparency, the specific requirement of a CCO with 10 years of experience is not explicitly mandated in the general guidelines for all digital lending entities. Other options are key components of the stricter regulations.

Accredited Social Health Activists (ASHA) are a crucial component of the National Health Mission, especially for improving healthcare access and outcomes in rural areas. They act as a link between the community and the public health system.

The primary objective of NHM is to achieve universal access to equitable, affordable, and quality healthcare services that are accountable and responsive to people's needs, with a special focus on strengthening health systems, particularly in rural areas.

The National Health Mission (NHM) was launched in 2013 by the Government of India, subsuming the National Rural Health Mission (NRHM) and the National Urban Health Mission (NUHM).

The PM-KISAN scheme is a central sector scheme implemented by the Ministry of Agriculture & Farmers Welfare, Government of India.

The PM-KISAN scheme provides ₹6,000 per year to eligible farmer families, which is disbursed in three equal installments of ₹2,000 each, every four months.

Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, eligible farmer families receive an annual financial benefit of ₹6,000, disbursed in three equal installments of ₹2,000 each.

The International Day of Cooperatives is celebrated by the United Nations and the International Cooperative Alliance (ICA) to highlight the contributions of the cooperative movement.