MCQs - 2026-07

A key provision of the guidelines mandates that all loan disbursements and repayments must be executed directly between the borrower's bank account and the Regulated Entity (RE) without any involvement of a Lending Service Provider (LSP) in handling the funds, to ensure transparency and accountability.

The RBI's Digital Lending Guidelines were primarily introduced to address concerns related to unbridled growth of digital lending, including issues like exorbitant interest rates, unethical recovery practices, and data privacy breaches, thereby enhancing consumer protection.

Maintaining the Repo Rate indicates that the RBI assesses the current inflation trajectory to be stable and within its comfort zone, implying that the existing monetary policy stance is appropriate to achieve its objectives without further adjustments.

The Monetary Policy Committee (MPC) is a six-member committee, headed by the RBI Governor, that is entrusted with the task of fixing the benchmark policy interest rate (Repo Rate) to achieve the inflation target.

The primary objective of the RBI's monetary policy, including maintaining the Repo Rate, is to ensure price stability while keeping in mind the objective of growth. When inflation is stable, maintaining the Repo Rate signals confidence in the current economic trajectory and aims to sustain both price stability and growth.

The Namo Drone Didi Scheme specifically targets Women Self-Help Groups (SHGs) to provide them with drone technology for agricultural purposes, thereby enhancing their economic independence and role in farming.

While the scheme focuses on empowering women through drone technology in agriculture, ensuring universal access to 5G mobile networks is not a direct objective of the Namo Drone Didi Scheme.

The Namo Drone Didi Scheme has been significantly expanded by 2026 to reach 1,00,000 villages, aiming to provide drone technology training and services to women Self-Help Groups (SHGs) for agricultural applications.

A significant objective of the PM-Vikas Digital Skilling Initiative is to enhance financial inclusion by equipping beneficiaries with the knowledge and tools to access and utilize digital financial services.

The Ministry of Rural Development (MoRD) is the nodal ministry overseeing the PM-Vikas Digital Skilling Initiative, focusing on its implementation in rural areas.