Current Affairs & MCQs
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MCQs 2026

1.
In which major U.S. city are the Grammy Awards typically held?
A Los Angeles
B New York City
C Miami
D Nashville
2.
Which organization is responsible for presenting the Grammy Awards annually?
A The Recording Academy
B Billboard
C MTV
D American Music Awards
3.
The 69th Annual Grammy Awards are scheduled to take place in which month and year?
A February 2027
B January 2027
C March 2027
D February 2026
4.
The 2026 framework for Sovereign Green Bond issuance requires an independent review of the allocation and impact of the bond proceeds. Who is typically responsible for providing this assurance?
A The issuing government's internal audit department.
B A reputable external reviewer or verifier.
C The primary underwriters of the bond.
D The Ministry of Finance of a neighboring country.
5.
Under the 2026 framework for Sovereign Green Bond issuance, which of the following is a key component of the 'Use of Proceeds' section?
A Detailed breakdown of all government administrative expenses.
B Allocation of funds to eligible green projects with clear environmental objectives.
C Funds reserved for unforeseen national emergencies.
D Investment in non-renewable energy sources.
6.
As per the framework for Sovereign Green Bond (SGB) issuance introduced in 2026, what is the primary objective of these bonds?
A To finance general government expenditure and reduce fiscal deficit.
B To fund projects with positive environmental and climate benefits.
C To raise funds for infrastructure development without specific environmental criteria.
D To provide liquidity to the banking sector.
7.
According to the RBI's 2026 digital lending transparency framework, what action is mandated for Digital Lending Apps (DLAs) if they engage third-party agents for recovery purposes?
A DLAs must ensure third-party agents adhere to the Fair Practices Code.
B DLAs must disclose the names of all third-party agents to the borrower.
C DLAs must obtain prior approval from RBI before engaging any third-party agent.
D DLAs are prohibited from engaging third-party agents for recovery.
8.
Under the revised RBI guidelines effective from 2026, what is the stipulated period within which a Digital Lending App (DLA) must provide a clear and comprehensive summary of the loan to the borrower after loan disbursal?
A Within 24 hours
B Within 48 hours
C Within 72 hours
D Within 7 days
9.
As per the enhanced digital lending transparency guidelines by the RBI in 2026, which of the following is NOT mandated for Digital Lending Apps (DLAs) to disclose upfront to the borrower?
A All-in-cost of the loan, including all charges and fees.
B The name and full address of the lending institution.
C The penalty interest rate applicable on delayed payments, clearly stated.
D The specific algorithm used for credit scoring and loan approval.
10.
Which Union Ministry is responsible for the implementation of the Pradhan Mantri Gramin Awas Yojana (PMAY-G)?
A Ministry of Housing and Urban Affairs.
B Ministry of Rural Development.
C Ministry of Finance.
D Ministry of Social Justice and Empowerment.
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