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MCQs 2026

11.
Under the RBI's current licensing framework for Small Finance Banks, what is the maximum period allowed for the promoter to reduce their shareholding to 26% of the paid-up voting equity capital?
A 5 years
B 10 years
C 12 years
D 15 years
12.
What is the minimum paid-up voting equity capital required for a new Small Finance Bank (SFB) under the current licensing framework introduced by the RBI?
A ₹100 crore
B ₹200 crore
C ₹500 crore
D ₹1000 crore
13.
Considering the progress of PMAY-U by October 2026, what is a common challenge faced in achieving its 'Housing for All' objective in urban areas?
A Lack of demand for affordable housing.
B Availability of vast tracts of undeveloped land within city limits.
C High land costs and complex urban land regulations.
D Over-supply of affordable housing units.
14.
Which of the following is a key component or mission under PMAY-U that contributes to its progress by October 2026?
A Affordable Housing in Partnership (AHP)
B Commercial Property Development Fund (CPDF)
C Rural Housing Loan Scheme (RHLS)
D Urban Infrastructure Development Grant (UIDG)
15.
As of October 2026, what is the overarching goal of the Pradhan Mantri Awas Yojana (Urban) (PMAY-U)?
A To provide commercial real estate opportunities to urban developers.
B To ensure housing for all urban poor by the year 2022, with a focus on slum dwellers.
C To promote luxury housing projects in metropolitan cities.
D To offer loans for purchasing second homes in urban areas.
16.
By October 2026, what is a significant outcome or target associated with the National Skill Development Mission's efforts to bridge the skill gap?
A A complete elimination of unemployment in the country.
B Ensuring that at least 70% of the trained workforce is employable in their chosen fields.
C Making vocational training a prerequisite for all university admissions.
D Shifting all manufacturing jobs to rural areas.
17.
Which of the following is a key pillar of the National Skill Development Mission, as it continues its implementation in October 2026?
A Focus on traditional crafts and artisanal skills only.
B Institutional Training, Casual Training, and Entrepreneurship Development.
C Mandatory inclusion of foreign language training for all participants.
D Prioritizing higher education degrees over vocational training.
18.
As of October 2026, what is the primary objective of the National Skill Development Mission, which was launched in 2015?
A To provide financial assistance to unemployed youth for starting businesses.
B To standardize and enhance the quality of skill development programs across India.
C To facilitate international collaborations for skill exchange programs.
D To create a digital platform for job matching and career counseling.
19.
In which year did the United Nations General Assembly establish October 2nd as the International Day of Non-Violence?
A 2000
B 2007
C 2010
D 2015
20.
The International Day of Non-Violence is observed on the birthday of which prominent global figure?
A Nelson Mandela
B Martin Luther King Jr.
C Mahatma Gandhi
D Mother Teresa
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