MCQs 2026

The Reverse Repo Rate is the rate at which the RBI borrows money from commercial banks, effectively absorbing excess liquidity from the system on a short-term basis. Repo Rate is used to inject liquidity, CRR is a statutory reserve requirement, and MSF is for banks to borrow from RBI in emergencies.

The primary objective of the Monetary Policy Committee (MPC) is to maintain price stability, while keeping in mind the objective of growth. This is mandated by the RBI Act, 1934.

The name 'Yuva' (youth) and the objective of skill development for employability clearly indicate that the primary target demographic is the youth population, typically defined as individuals between 15 and 29 years of age.

Industry partnerships are crucial for ensuring that the skills imparted are relevant to the job market and for facilitating the placement of trained youth. This is a common feature of successful skill development programs.

The 'Yuva Kaushal Abhiyan' is designed to bridge the skill gap and improve the employability of young individuals by providing them with relevant vocational training and industry-recognized certifications.

The evolving nature of work, with the rise of gig and platform economy, makes it a likely focus for expansion of social security schemes like PM Jan Kalyan Yojana to cover these new categories of workers.

The Ministry of Labour and Employment is the nodal ministry for the PM Jan Kalyan Yojana, as it deals with the welfare and social security of workers, particularly in the unorganized sector.

The PM Jan Kalyan Yojana primarily focuses on extending social security and welfare schemes to workers in the unorganized sector. Phase III expansion aims to cover more such workers and enhance the benefits.

The Montreal Protocol is an international treaty designed to protect the Earth's ozone layer by phasing out the production and consumption of numerous substances that are responsible for ozone depletion, such as chlorofluorocarbons (CFCs) and halons.

The main goal of this day is to highlight the importance of the ozone layer, the threats it faces from human activities, and the successful efforts made through the Montreal Protocol to protect it.