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MCQs 2026

11.
As part of its efforts to strengthen the regulatory framework for Non-Banking Financial Companies (NBFCs), the RBI has often emphasized the harmonization of asset classification and provisioning norms. What is the primary objective behind aligning these norms for NBFCs with those applicable to commercial banks?
A To reduce the operational costs for NBFCs.
B To encourage NBFCs to diversify their lending portfolio.
C To mitigate regulatory arbitrage and enhance financial stability across the financial system.
D To increase the lending capacity of NBFCs.
12.
Which of the following frameworks was introduced by the Reserve Bank of India (RBI) to categorize Non-Banking Financial Companies (NBFCs) into different layers based on their size, activity, and perceived risk, thereby aligning regulatory intensity with their systemic significance?
A Prompt Corrective Action (PCA) Framework
B Scale-Based Regulation (SBR) Framework
C Basel III Framework
D Ind AS Framework
13.
As of 2026, what is a significant benefit offered to households under the expanded PM-Surya Ghar Muft Bijli Yojana?
A Subsidized purchase of electric vehicles.
B Free installation of solar panels and a subsidy on electricity bills.
C Government-funded maintenance of solar systems for 10 years.
D Direct cash transfer for energy conservation.
14.
What is the primary technology promoted under the PM-Surya Ghar Muft Bijli Yojana for household electricity generation?
A Wind Turbines
B Solar Rooftop Systems
C Biomass Gasifiers
D Geothermal Energy
15.
The PM-Surya Ghar Muft Bijli Yojana, expanded in 2024, aims to provide free electricity to how many households?
A 10 million
B 20 million
C 30 million
D 40 million
16.
As of 2026, which of the following is a key feature of the PM-Vidyalaxmi Portal?
A It exclusively lists government-funded scholarships.
B It allows students to compare interest rates and terms of educational loans from multiple banks.
C It provides direct job placements after loan disbursement.
D It is only accessible to students pursuing STEM fields.
17.
What is the primary objective of the PM-Vidyalaxmi Portal?
A To provide scholarships to meritorious students.
B To offer a platform for students to search and apply for educational loans from various banks.
C To facilitate admissions to foreign universities.
D To provide career counseling services.
18.
The PM-Vidyalaxmi Portal, launched to facilitate educational loans for students, is an initiative under which Union Ministry?
A Ministry of Education
B Ministry of Finance
C Ministry of Skill Development and Entrepreneurship
D Ministry of Home Affairs
19.
Which of the following countries is NOT a member state of ASEAN, with which India engages in bilateral trade discussions?
A Vietnam
B Singapore
C Thailand
D Sri Lanka
20.
In 2023-2024, India and ASEAN nations initiated discussions for the upgradation of which key trade agreement to make it more contemporary and mutually beneficial?
A India-Thailand FTA
B India-Vietnam CEPA
C ASEAN-India Goods Trade Agreement (AITIGA)
D India-Malaysia CECA
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