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MCQs 2026

11.
SEBI has introduced stricter norms regarding AIFs' investments in associate companies or group entities. What is the primary reason behind these restrictions?
A To encourage AIFs to invest more in foreign markets.
B To prevent potential conflicts of interest and self-dealing.
C To ensure AIFs maintain a diversified portfolio across all sectors.
D To reduce the overall risk exposure of AIFs to a single industry.
12.
Which recent SEBI proposal for Alternative Investment Funds (AIFs) aims to enhance transparency and investor protection by ensuring that proceeds from the sale of investments are directly credited to investors?
A Mandating quarterly valuation reports for all AIFs.
B Requiring AIFs to invest a minimum percentage in government securities.
C Direct payout of proceeds to investors, bypassing the manager's pool account.
D Increasing the minimum investment threshold for Category III AIFs.
13.
As per the RBI's guidelines on Fair Lending Practice – Penal Charges in Loan Accounts, what is the primary objective regarding penal interest/charges?
A To allow REs to levy higher penal interest rates to maximize revenue.
B To ensure that penal charges are reasonable and not used as a revenue enhancement tool.
C To permit LSPs to decide the penal interest rates independently.
D To mandate a uniform penal interest rate across all loan products.
14.
Under the RBI's digital lending guidelines, who is primarily responsible for the activities undertaken by Lending Service Providers (LSPs) on behalf of a Regulated Entity (RE)?
A The Lending Service Provider (LSP) itself.
B The borrower, for choosing the LSP.
C The Regulated Entity (RE).
D A third-party auditor appointed by the RBI.
15.
What is a key mandate by the RBI regarding the flow of funds in digital lending, effective from 2022 and reinforced subsequently?
A All loan disbursements and repayments must be executed only between the borrower's bank account and the Regulated Entity's (RE) bank account.
B Lending Service Providers (LSPs) are permitted to use their pool accounts for temporary fund transfers.
C Borrowers can choose to repay loans directly to the LSP's designated account.
D REs can disburse loans through any third-party payment gateway without direct involvement.
16.
What is the unit assistance provided to beneficiaries under PMAY-Gramin for the construction of houses, as applicable in the new phase for Aspirational Districts in 2026?
A ₹1.00 lakh
B ₹1.20 lakh
C ₹1.30 lakh
D ₹1.50 lakh
17.
Which of the following is a key characteristic of the PMAY-Gramin scheme's implementation in Aspirational Districts during its new phase in 2026?
A Emphasis on traditional mud-house construction.
B Integration with other schemes for holistic development and enhanced monitoring.
C Focus solely on providing financial assistance without construction support.
D Prioritizing urban poor over rural poor in these districts.
18.
In 2026, the new phase of PMAY-Gramin is being specifically targeted towards Aspirational Districts. What is the primary goal of this focused approach?
A To construct commercial complexes in rural areas.
B To accelerate the construction of permanent houses for all rural poor families in these identified districts.
C To provide financial aid for setting up small businesses in villages.
D To improve rural road connectivity.
19.
What is the estimated target for rooftop solar capacity addition under the expanded PM-Surya Ghar Muft Bijli Yojana by the end of 2026?
A 10 GW
B 20 GW
C 30 GW
D 50 GW
20.
Which of the following is a key feature of the PM-Surya Ghar Muft Bijli Yojana's expansion in 2026 regarding financial assistance?
A A direct cash transfer of ₹50,000 to all beneficiaries.
B Subsidies for rooftop solar installations, with higher subsidies for lower-income households.
C Interest-free loans for purchasing solar panels.
D Tax rebates on electricity bills for all consumers.
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