MCQs - 2026-09

Maintaining a 'status quo' on the repo rate means that the MPC has decided not to change the existing repo rate, keeping it at the same level as the previous policy review.

The primary objective of the MPC is to maintain price stability, which is crucial for sustainable growth. The flexible inflation targeting framework aims to keep inflation within a specified target range.

A key tenet of the RBI's digital lending framework is that the loan disbursal and repayment must flow directly between the borrower's bank account and the Regulated Entity's (RE's) bank account, eliminating any involvement of a third-party pool account.

The RBI's guidelines strictly mandate that data collection by DLAs must be minimal, need-based, and with explicit, auditable consent from the borrower. This protects user privacy and prevents misuse of data.

Under the RBI's digital lending guidelines, Regulated Entities (REs) are ultimately responsible for the conduct of their Lending Service Providers (LSPs) and Digital Lending Apps (DLAs). This ensures accountability and consumer protection.

Nipun Bharat 2.0 is a crucial component of the National Education Policy (NEP) 2020, specifically focusing on achieving foundational literacy and numeracy for all children.

Nipun Bharat 2.0 emphasizes the integration of technology-enabled learning tools and resources to enhance the delivery and effectiveness of foundational literacy and numeracy education.

Nipun Bharat 2.0, building upon the original mission, continues to prioritize ensuring foundational literacy and numeracy for all children in the foundational stage of education.

The expansion of the PM-Vidyalaxmi Scheme by 2026 includes support for vocational training and skill development programs, recognizing the importance of diverse educational pathways.

The Ministry of Education is the nodal ministry responsible for overseeing the PM-Vidyalaxmi Scheme, which aims to provide financial assistance for higher education.