MCQs - 2026-08

The RBI's digital lending guidelines mandate that the loan disbursal and repayment must be executed directly between the Regulated Entity (RE) and the borrower's bank account, without any pass-through or pooling of funds by a Lending Service Provider (LSP). This ensures transparency and accountability.

The three core pillars of the Digital India program are Digital Infrastructure as a Core Utility to Every Citizen, Governance & Services on Demand, and Digital Empowerment of Citizens. Promoting a cashless economy through cryptocurrency is not a stated core pillar of the Digital India Mission, although digital payments are promoted through other means.

DigiLocker is a flagship initiative under the Digital India program aimed at reducing the need for physical documents by providing a secure cloud-based platform for issuance, storage, and verification of documents and certificates.

The UMANG (Unified Mobile Application for New-age Governance) app provides a single platform to access over 2,000 government services from various central and state departments, making e-governance services accessible on mobile devices.

PM-KISAN is a Central Sector Scheme, meaning it is fully funded by the Government of India. The entire financial liability for the scheme is borne by the Union Government.

Under the PM-KISAN scheme, eligible landholding farmer families receive an annual financial benefit of ₹6,000, disbursed in three equal installments of ₹2,000 each every four months.

The 17th installment of PM-KISAN was disbursed by Prime Minister Narendra Modi on June 18, 2024, from Varanasi, Uttar Pradesh.

The UN General Assembly proclaimed the International Day of the World's Indigenous Peoples in its resolution 49/214 of 23 December 1994. The first celebration was held in 1995.

The day aims to raise awareness about the rights of indigenous peoples, including their right to preserve their cultures, languages, traditions, and to seek solutions to the challenges they face.

The International Day of the World's Indigenous Peoples is celebrated every year on August 9th to promote and protect the rights of the world's indigenous population.