MCQs - 2026-09

The RBI's Digital Lending Guidelines mandate that all loan disbursals and repayments must be executed only between the borrower and the Regulated Entity's (RE) bank account, without any pass-through to a Lending Service Provider (LSP) or any third party. This ensures transparency and accountability.

The Monetary Policy Committee (MPC) consists of six members: three officials of the Reserve Bank of India and three external members nominated by the Central Government.

The Repo Rate is a key monetary policy instrument used by the RBI. It is the rate at which the RBI lends money to commercial banks against government securities, influencing liquidity and interest rates in the economy. Fiscal Deficit Targeting and GST are fiscal policy tools, while Public Debt Management is a separate function.

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

Institutional landholders are excluded from the PM-KISAN scheme. The scheme primarily targets small and marginal farmer families.

The financial benefit of ₹6,000 per year is transferred directly into the bank accounts of eligible beneficiaries through the Direct Benefit Transfer (DBT) mode.

The PM-KISAN scheme provides an annual direct income support of ₹6,000 to eligible farmer families, payable in three equal installments of ₹2,000 each.

Marine plastic pollution is a critical issue that threatens marine biodiversity, which is the central focus of International Coastal Cleanup Day.

The day focuses on cleaning up beaches and waterways to prevent plastic and other debris from harming marine life.

International Coastal Cleanup Day is held annually on the third Saturday of September to raise awareness about marine pollution.