By early 2026, which of the following statements accurately describes the status of the first uncrewed Gaganyaan mission (G1)?
A It has been successfully completed, paving the way for the second uncrewed mission.
B It is currently undergoing final integration and is scheduled for launch in mid-2026.
C It has been indefinitely postponed due to technical challenges.
D Its launch window is being re-evaluated after the successful TV-D1 mission.
Answer: A
The first uncrewed Gaganyaan mission (G1) was initially targeted for Q4 2024. Assuming a reasonable progression and successful execution within the revised timelines, by early 2026, it would have been successfully completed, allowing for the progression to the second uncrewed mission (G2) and eventually the crewed mission.
22.
Which of the following sectors might be prioritized by the government for incentives to boost domestic manufacturing in 2026, considering global trends and national security?
A Luxury tourism.
B High-tech electronics and defense manufacturing.
C Traditional handicrafts only.
D Imported finished goods assembly.
Answer: B
Governments often prioritize sectors like high-tech electronics and defense manufacturing for domestic production incentives due to their strategic importance for national security, technological advancement, and economic growth.
23.
The government's focus on boosting domestic manufacturing in 2026 is likely aligned with which national objective?
A Increasing reliance on imported goods.
B Promoting 'Make in India' and 'Atmanirbhar Bharat' initiatives.
C Reducing employment opportunities in the country.
D Decreasing foreign direct investment.
Answer: B
Boosting domestic manufacturing is a core tenet of the 'Make in India' and 'Atmanirbhar Bharat' (Self-Reliant India) campaigns, aimed at making India a global manufacturing hub and reducing import dependence.
24.
In 2026, the Indian government is considering various incentives to boost domestic manufacturing. Which of the following is a common type of incentive provided by governments to encourage manufacturing?
A Increased import duties on finished goods.
B Reduction in corporate tax rates for manufacturing units.
C Subsidies for research and development in manufacturing.
D All of the above.
Answer: D
Governments often use a combination of measures like import duties to protect domestic industries, tax breaks to reduce costs, and R&D subsidies to foster innovation and competitiveness in the manufacturing sector.
25.
Under the proposed 2026 SEBI regulations, what could be a potential new requirement for AIFs concerning their investment strategy or operations?
A Mandatory investment in government bonds only.
B Restrictions on the types of investors allowed to participate.
C Requirement for independent valuation of assets by a third party.
D A ban on investing in unlisted securities.
Answer: C
To enhance transparency and prevent valuation manipulation, SEBI often considers requiring independent third-party valuations for assets held by AIFs, especially for illiquid or complex investments.
26.
The proposed stricter norms by SEBI for AIFs in 2026 might include changes in disclosure requirements. Which of the following is likely to be a focus of these enhanced disclosures?
A The personal hobbies of the AIF managers.
B Detailed information on the underlying investments and risk factors.
C The AIF's office rent and utility bills.
D The number of employees in the fund management company.
Answer: B
Stricter norms typically focus on providing investors with comprehensive information about the investment strategy, underlying assets, associated risks, and performance of the AIF to enable informed decision-making.
27.
In 2026, SEBI proposed stricter norms for Alternative Investment Funds (AIFs). What is a primary reason behind SEBI's move to tighten regulations for AIFs?
A To reduce the overall investment in the Indian capital markets.
B To enhance investor protection and market integrity.
C To discourage foreign portfolio investment in AIFs.
D To simplify the process of setting up new AIFs.
Answer: B
SEBI's proposal for stricter norms for AIFs is aimed at strengthening investor protection, preventing potential mis-selling, and ensuring greater transparency and accountability within the AIF ecosystem, thereby enhancing overall market integrity.
28.
A significant aspect of the 2026 RBI digital lending guidelines is the requirement for a specific type of entity to handle the lending. Which entity is generally permitted to lend through these platforms?
A Any technology company with a website.
B Only entities regulated by the RBI, such as banks and NBFCs.
C Unregistered peer-to-peer lenders.
D Foreign companies without an Indian presence.
Answer: B
The RBI's framework mandates that digital lending activities should be conducted by entities that are regulated by the RBI. This ensures that lending is done responsibly and within a regulatory framework, primarily banks and Non-Banking Financial Companies (NBFCs).
29.
As per the 2026 RBI guidelines, digital lending platforms are mandated to disclose all charges and fees to the borrower upfront. Which of these is NOT typically required to be disclosed?
A Annual Percentage Rate (APR)
B Processing fees
C Late payment penalties
D The digital lending platform's marketing budget.
Answer: D
The guidelines emphasize transparency regarding the cost of credit. While APR, processing fees, and late payment penalties are crucial for borrowers to understand the total cost, the platform's marketing budget is an internal operational detail not directly relevant to the loan's cost.
30.
In 2026, the Reserve Bank of India (RBI) issued new guidelines for digital lending platforms. Which of the following is a key objective of these guidelines?
A To encourage unregulated lending to increase credit availability.
B To protect borrowers from predatory practices and ensure transparency.
C To reduce the role of banks in digital lending.
D To allow digital lending platforms to hold customer data indefinitely.
Answer: B
The primary aim of the RBI's new guidelines for digital lending platforms is to safeguard borrowers from unfair practices, ensure data privacy, and promote transparency in digital lending operations.
