MCQs - 2026-07

NEEDS_REVIEW

The RBI's guidelines clearly state that the Regulated Entity (RE), such as a bank or NBFC, which partners with a Digital Lending App (DLA), is responsible for ensuring the DLA's compliance with the regulatory framework. The RE must ensure that the DLA adheres to all stipulated norms.

The RBI's 2024 guidelines for digital lending emphasized transparency and borrower protection. While disclosures of all-in-cost, APR, and consent for credit limit enhancements are mandated, the appointment of a CCO is a requirement for REGs (Regulated Entities) and their outsourcing partners, not specifically for all DLAs themselves.

NEEDS_REVIEW: Gramin Vikas Sahyog Abhiyan (GVSA) is not an officially recognized government scheme as of 2026. Therefore, no factual questions, options, or explanations can be provided.

NEEDS_REVIEW: Gramin Vikas Sahyog Abhiyan (GVSA) is not an officially recognized government scheme as of 2026. Therefore, no factual questions, options, or explanations can be provided.

NEEDS_REVIEW: Gramin Vikas Sahyog Abhiyan (GVSA) is not an officially recognized government scheme as of 2026. Therefore, no factual questions, options, or explanations can be provided.

NEEDS_REVIEW: Pradhan Mantri Kaushal Unnati Yojana (PMKUY) is not an officially recognized government scheme as of 2026. Therefore, no factual questions, options, or explanations can be provided.

NEEDS_REVIEW: Pradhan Mantri Kaushal Unnati Yojana (PMKUY) is not an officially recognized government scheme as of 2026. Therefore, no factual questions, options, or explanations can be provided.

NEEDS_REVIEW: Pradhan Mantri Kaushal Unnati Yojana (PMKUY) is not an officially recognized government scheme as of 2026. Therefore, no factual questions, options, or explanations can be provided.

The International Day of Justice, observed on July 17, is also known as the World Day for International Criminal Justice, focusing on the fight against impunity for the most serious international crimes.