MCQs 2026

The RBI's mandate, as consistently stated, is to maintain price stability while keeping in mind the objective of growth, and ensuring financial stability.

The RBI's Monetary Policy Committee (MPC) has maintained the repo rate at 6.50% in its latest review for Q2 FY27.

PMMY aims to 'fund the unfunded' by providing loans to micro and small enterprises that are often unable to access credit from traditional banking channels.

The Pradhan Mantri Gramin Awas Yojana (PMAY-G) is the flagship scheme for rural housing development, providing financial assistance to eligible rural households for constructing pucca houses.

PMMY stands for Pradhan Mantri Mudra Yojana, which provides loans to micro and small enterprises, indirectly contributing to economic development and housing needs.

NUHM aims to address the health needs of the urban poor and vulnerable populations by providing them with accessible primary healthcare services.

Key objectives of NHM include reducing IMR, MMR, and Total Fertility Rate (TFR), providing accessible, affordable, and quality healthcare to all, especially the poor and vulnerable.

The National Health Mission (NHM) was launched in 2013, subsuming the National Rural Health Mission (NRHM) and the newly added National Urban Health Mission (NUHM).

Institutional landholders, along with present or former Ministers, State Ministers, Lok Sabha or State Legislative Assembly members, Mayor, District Panchayat chairpersons, and all serving or retired officers and employees of Central/State Government Ministries/Offices/Field units and Central/State PSEs and Autonomous bodies, are excluded from the scheme.

The financial assistance of ₹6,000 per annum is transferred directly into the bank accounts of eligible beneficiaries in three equal installments of ₹2,000 each.