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.
42.
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.
43.
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).
44.
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.
45.
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.
46.
Which international organization plays a crucial role in facilitating global police cooperation and assisting member countries in combating transnational cybercrime through intelligence sharing, operational support, and capacity building?
A United Nations Office on Drugs and Crime (UNODC)
B Europol
C INTERPOL
D North Atlantic Treaty Organization (NATO)
Answer: C
INTERPOL (International Criminal Police Organization) is the world's largest international police organization. It provides a secure global police communications system, operational support, and training to help member countries prevent and combat various forms of transnational crime, including cybercrime.
47.
The United Nations General Assembly established an Ad Hoc Committee in 2019 to elaborate a comprehensive international convention on countering the use of information and communications technologies for criminal purposes. What is the primary goal of this ongoing initiative?
A To replace the Budapest Convention entirely with a new UN treaty.
B To create a global framework for regulating social media content.
C To address gaps in existing international instruments and establish a universal legal framework against cybercrime.
D To focus exclusively on state-sponsored cyber warfare and espionage.
Answer: C
The UN Ad Hoc Committee's mandate is to elaborate a new comprehensive international convention to counter the use of ICTs for criminal purposes, aiming to address gaps and challenges not fully covered by existing instruments like the Budapest Convention, and to create a more universally accepted framework.
48.
Which international treaty, opened for signature in 2001, is widely recognized as the primary international legal instrument for combating cybercrime and harmonizing national cybercrime laws?
A The Rome Statute of the International Criminal Court
B The Budapest Convention on Cybercrime
C The Palermo Convention against Transnational Organized Crime
D The Vienna Convention on the Law of Treaties
Answer: B
The Budapest Convention on Cybercrime (also known as the Convention on Cybercrime) is the first international treaty seeking to address Internet and computer crime by harmonizing national laws, improving investigative techniques, and increasing cooperation among nations.
49.
The Platform on Disaster Displacement (PDD), a state-led initiative working to improve the protection of people displaced across borders in the context of disasters and climate change, evolved from which earlier significant initiative?
A The Sendai Framework for Disaster Risk Reduction
B The Nansen Initiative
C The Global Compact for Safe, Orderly and Regular Migration
D The Warsaw International Mechanism for Loss and Damage
Answer: B
The Platform on Disaster Displacement (PDD) was launched in 2016 as a successor to the Nansen Initiative (2012-2015). The Nansen Initiative was a state-led consultative process that aimed to build consensus on a protection agenda for people displaced across borders due to disasters and climate change.
50.
Which international organization is primarily mandated to promote humane and orderly migration, including addressing the challenges of climate-induced displacement and providing assistance to affected populations?
A United Nations High Commissioner for Refugees (UNHCR)
B International Organization for Migration (IOM)
C United Nations Development Programme (UNDP)
D United Nations Environment Programme (UNEP)
Answer: B
The International Organization for Migration (IOM) is the leading intergovernmental organization in the field of migration and works closely with governmental, intergovernmental and non-governmental partners. It plays a key role in addressing climate-induced displacement.
