MCQs 2026

The RBI's norms prohibit digital lending entities from offering automated top-up loans or any additional credit facility without the explicit consent of the borrower, ensuring greater control for the consumer.

The digital lending entity is mandated to ensure that all loan disbursals and repayments are executed only through bank accounts of the lending entity and its customers, and not through any third-party or intermediary's account.

The revised norms aim to enhance transparency in fees and charges, ensure fair treatment of customers, and prevent predatory lending practices by digital lending entities, thereby protecting consumers.

India and the European Union established their Strategic Partnership in 2004, which serves as the foundation for ongoing trade and political cooperation.

Negotiations often face hurdles regarding data protection, intellectual property rights, and EU's stringent environmental and sustainability standards.

The BTIA aims to liberalize trade in goods and services and promote investment by reducing barriers and creating a predictable regulatory environment.

The Food and Agriculture Organization (FAO) of the UN provides data and policy support to G7 initiatives regarding global food security.

G7 summits on food security focus on stabilizing markets, reducing trade barriers, and supporting vulnerable nations against supply chain shocks.

The G7 members are Canada, France, Germany, Italy, Japan, the UK, and the US. India is invited as a guest but is not a member.

The permanent members (P5) are China, France, Russia, the United Kingdom, and the United States. Germany is not a permanent member.