MCQs - 2026-09

The RBI's Digital Lending Guidelines apply to all Commercial Banks, Primary (Urban) Co-operative Banks, State Co-operative Banks, District Central Co-operative Banks, and Non-Banking Financial Companies (NBFCs) that are regulated by the RBI. LSPs work on behalf of these REs.

A core principle of the RBI's Digital Lending Guidelines is that all loan disbursements and repayments must be executed directly between the borrower's bank account and the Regulated Entity (RE) without any pass-through/pool account of the Lending Service Provider (LSP) or any third party.

The Repo Rate is a key quantitative tool used by the RBI to inject or absorb liquidity from the banking system. Moral suasion, direct action, and credit rationing are qualitative tools.

The MPC consists of six members: three officials of the RBI and three external members nominated by the Government of India.

The primary objective of the MPC, as mandated by the RBI Act, is to maintain price stability while keeping in mind the objective of growth. This is achieved through inflation targeting.

The main objective of the PM-KISAN scheme is to supplement the financial needs of all landholding farmer families in the country to enable them to obtain suitable inputs for agriculture and allied activities as well as appropriate household needs. This income support is provided directly into their bank accounts.

The ₹6,000 annual financial assistance under PM-KISAN is disbursed in three equal installments of ₹2,000 each, typically every four months.

The PM-KISAN scheme provides an annual financial assistance of ₹6,000 to eligible farmer families, disbursed in three equal installments of ₹2,000 each.

By reducing the number of cars on the road, cities experience lower levels of air pollution and significantly less traffic congestion.

The day aims to reduce air pollution, traffic congestion, and promote healthier modes of transport like walking, cycling, and public transit.