In 2026, the Indian government is considering new incentives to boost the manufacturing sector. Which of the following is a likely component of such an incentive scheme, aimed at promoting domestic production?
A Increased import duties on essential raw materials.
B Reduction in corporate tax rates for manufacturing units.
C Mandatory export quotas for all manufactured goods.
D Abolition of all subsidies for the sector.
Answer: B
Reducing corporate tax rates for manufacturing units is a common and effective incentive to encourage investment and expansion in the sector, thereby boosting domestic production. Increased import duties on raw materials would likely hinder manufacturing, while mandatory export quotas and abolition of subsidies would be counterproductive.
952.
According to the RBI's 2026 framework for digital lending, what is the prescribed cooling-off period for a borrower to withdraw from a loan agreement without penalty?
A 24 hours
B 48 hours
C 7 days
D 14 days
Answer: B
The RBI's 2026 guidelines mandate a cooling-off period of 48 hours for borrowers to withdraw from a digital loan agreement without incurring any penalty, providing them with a window to reconsider their decision.
953.
The RBI's 2026 guidelines on digital lending aim to protect borrowers. Which of these is a key objective related to data privacy and security?
A Allowing LSPs to collect borrower data for marketing purposes without consent.
B Ensuring that DLAs do not store sensitive customer data on their servers.
C Requiring explicit consent from borrowers before collecting any personal data.
D Permitting data sharing with third-party credit bureaus without borrower knowledge.
Answer: C
A core principle of the RBI's 2026 digital lending guidelines is enhanced data privacy. Lenders must obtain explicit consent from borrowers before collecting any personal data, ensuring transparency and control over their information.
954.
As per the latest guidelines issued by the Reserve Bank of India (RBI) in 2026 for digital lending platforms, which of the following is NOT a mandatory requirement for a Digital Lending App (DLA)?
A Disclosure of all-in-cost of loan to the borrower.
B Appointment of a Chief Compliance Officer (CCO) by the Lending Service Provider (LSP).
C Mandatory registration of all Lending Service Providers (LSPs) with the RBI.
D Prohibition of automatic credit limit enhancement without explicit consent.
Answer: B
The RBI's 2026 guidelines mandate that Lending Service Providers (LSPs) must appoint a Chief Compliance Officer (CCO) responsible for ensuring adherence to regulatory requirements. Therefore, the appointment of a CCO is a mandatory requirement, making option B incorrect.
955.
The ASEAN Summit's discussions on regional economic integration often include the implementation and expansion of major free trade agreements. Which of the following is a significant agreement involving ASEAN that aims to foster broader regional economic ties?
A North American Free Trade Agreement (NAFTA)
B Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
C Regional Comprehensive Economic Partnership (RCEP)
D European Union (EU) single market
Answer: C
The Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement among the Asia-Pacific nations of Australia, Brunei, Cambodia, China, Indonesia, Japan, South Korea, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, Thailand, and Vietnam. It is the world's largest trade bloc and a key focus for ASEAN's broader economic integration efforts.
956.
A critical area of focus for ASEAN's regional economic integration efforts, as discussed in recent summits, includes strengthening:
A Individual member states' national currencies
B Digital economy and supply chain resilience
C Bilateral trade agreements with non-ASEAN nations only
D Restrictions on intra-ASEAN labor mobility
Answer: B
Strengthening the digital economy and enhancing supply chain resilience are key priorities for ASEAN's economic integration, especially in the post-pandemic era, to ensure robust and interconnected regional economies.
957.
The ASEAN Summit in 2026, addressing regional economic integration, would primarily focus on advancing the goals of which key initiative?
A ASEAN Political-Security Community
B ASEAN Socio-Cultural Community
C ASEAN Economic Community (AEC)
D ASEAN Disaster Management Committee
Answer: C
The ASEAN Economic Community (AEC) is the primary initiative for regional economic integration, aiming to create a single market and production base. ASEAN Summits consistently review and advance the AEC's goals, including the post-2025 vision.
958.
Beyond defense, India and France have a robust partnership in which high-technology sector, often discussed in their strategic dialogues?
A Textile manufacturing
B Space exploration and nuclear energy
C Traditional handicrafts
D Livestock farming
Answer: B
India and France share a long-standing and robust partnership in high-technology sectors such as space exploration (e.g., ISRO-CNES collaboration) and civil nuclear energy (e.g., Jaitapur Nuclear Power Project), which are frequently highlighted in their strategic discussions.
959.
A significant outcome expected from the India-France Strategic Dialogue, particularly relevant in 2026, would be enhanced collaboration on shared interests in which geopolitical region?
A Arctic Circle
B Sahara Desert
C Indo-Pacific
D Amazon Basin
Answer: C
Both India and France have a strong convergence of interests in the Indo-Pacific region, advocating for a free, open, and inclusive Indo-Pacific. Enhanced cooperation in this region is a consistent theme in their strategic dialogues.
960.
The recent India-France Strategic Dialogue in Paris likely emphasized continued cooperation in which of the following key sectors, a hallmark of their bilateral relations?
A Mass tourism promotion
B Defense and security
C Agricultural subsidies
D Primary education reforms
Answer: B
Defense and security cooperation has been a cornerstone of the India-France strategic partnership for decades, encompassing joint exercises, technology transfer, and procurement. This sector is consistently a primary focus of their strategic dialogues.
