MCQs - 2026-08

The new guidelines emphasize strengthening customer authentication processes, protecting sensitive data, and mitigating risks associated with digital transactions.

The primary objective of monetary policy, including the repo rate decision, is to maintain price stability while keeping in mind the objective of growth, and ensuring financial stability.

The Monetary Policy Committee (MPC) is mandated by the RBI Act to determine the policy repo rate required to meet the inflation target.

In its August 2026 policy review, the RBI's Monetary Policy Committee decided to keep the policy repo rate unchanged at 6.5%.

The promotion of 'Green Jobs' is crucial for India to meet its climate change commitments, transition to a low-carbon economy, and create new employment opportunities in environmentally sustainable sectors.

The Green Skill Development Programme (GSDP), launched by the Ministry of Environment, Forest and Climate Change in collaboration with the National Skill Development Corporation (NSDC), is a key initiative to impart green skills to the youth.

The 'Green Jobs' initiative under the Skill India Mission aims to equip the workforce with skills required for jobs that contribute to preserving or restoring the environment, including those in renewable energy, waste management, and sustainable agriculture.

The Pradhan Mantri Gram Sadak Yojana (PMGSY) is a centrally sponsored scheme implemented by the Ministry of Rural Development.

While PMGSY-I focused on new connectivity, PMGSY-III primarily aims at upgrading and consolidating 1,25,000 km of existing rural roads and major rural links that connect habitations to Gramin Agricultural Markets (GrAMs), Higher Secondary Schools, and Hospitals.

The Union Cabinet approved the Pradhan Mantri Gram Sadak Yojana Phase III (PMGSY-III) on July 24, 2019, with a target to consolidate 1,25,000 km of existing rural roads and major rural links.