MCQs - 2026-09

The Reserve Bank of India (RBI) issued comprehensive regulatory framework for digital lending in August 2022, which came into effect subsequently, to protect borrowers and ensure orderly growth of the sector.

The Monetary Policy Committee (MPC) consists of six members – three officials of the RBI and three external members nominated by the Government of India.

The Repo Rate is a key quantitative instrument through which the RBI injects liquidity into the system by lending to commercial banks against government securities. It is a direct tool to influence money supply.

The primary objective of the Monetary Policy Committee (MPC) is to maintain price stability while keeping in mind the objective of growth. The current inflation target is 4% with a band of +/- 2%.

The 'Gramin Grameen Vikas Yojana' focuses on grassroots rural development, not on creating smart cities in rural areas, which is a different policy objective.

The scheme aims to foster comprehensive rural development by focusing on sustainable practices and creating diverse livelihood options for rural populations.

The 'Gramin Grameen Vikas Yojana' is a new initiative launched by the Ministry of Rural Development to promote integrated rural development.

The day aims to raise public awareness of how first aid can save lives in everyday and crisis situations and to promote the accessibility of first aid training.

The International Federation of Red Cross and Red Crescent Societies (IFRC) launched World First Aid Day in 2000 to promote the importance of first aid training.

World First Aid Day is observed annually on the second Saturday of September. In 2026, this falls on September 12.