MCQs - 2026-07

A key provision of the new framework mandates that all loan disbursements and repayments must be executed directly between the borrower's bank account and the Regulated Entity (RE) without any pass-through to Lending Service Providers (LSPs).

The RBI introduced the new framework primarily to address concerns arising from the unchecked growth of digital lending, including unethical recovery practices, data privacy breaches, and lack of transparency in loan terms.

The Board of Directors holds the ultimate responsibility for establishing and overseeing the cybersecurity policy and framework within a bank, ensuring its effective implementation and adherence to regulatory guidelines.

RBI's cybersecurity mandates focus on security protocols, audits, and incident response, not on mandatory investment in cryptocurrencies, which are subject to separate regulatory considerations.

The primary objective of RBI's enhanced cybersecurity measures is to safeguard customer data, protect financial transactions, and ensure the robust resilience of banking systems against evolving cyber threats.

PMAY-G houses are often provided with electricity connections through schemes like Saubhagya (now subsumed under Revamped Distribution Sector Scheme) and LPG connections through Pradhan Mantri Ujjwala Yojana (PMUY).

PMAY-G houses are provided with toilets, often constructed in convergence with the Swachh Bharat Mission-Gramin (SBM-G), which provides financial incentives for toilet construction.

PMAY-G converges with MGNREGA to provide 90-95 days of unskilled labour wages for the construction of PMAY-G houses, ensuring additional income for beneficiaries.

Beneficiaries under PMAY-G are identified based on the housing deprivation parameters of the Socio-Economic Caste Census (SECC) 2011, subject to verification by Gram Sabhas.

Under PMAY-G, the financial assistance for construction of a house in plain areas is ₹1.20 lakh (₹1,20,000). For hilly/difficult areas and IAP districts, it is ₹1.30 lakh.