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MCQs 2026

51.
The Securities and Exchange Board of India (SEBI) has proposed stricter regulations for Alternative Investment Funds (AIFs). What is a primary reason for SEBI's move?
A To reduce the number of AIFs operating in India.
B To enhance investor protection and market integrity.
C To discourage foreign investment in AIFs.
D To simplify the existing regulatory framework for AIFs.
52.
The RBI's new digital lending guidelines emphasize the role of a 'Digital Lending App' (DLA). Which entity is generally responsible for the operation of the DLA under these guidelines?
A The borrower.
B A third-party technology service provider only.
C The regulated entity (e.g., bank or NBFC) that is offering the loan.
D The government of India.
53.
As per the new RBI guidelines effective from 2026, digital lending platforms are mandated to disclose all-in costs of loans to borrowers. What does 'all-in cost' typically include?
A Only the principal amount of the loan.
B Interest rate and all other mandatory charges, fees, and levies.
C Processing fees only.
D Late payment penalties only.
54.
The Reserve Bank of India (RBI) recently 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 unfair practices and ensure transparency.
C To reduce the role of banks in digital lending.
D To allow digital lending platforms to set their own interest rates without any cap.
55.
What is a primary non-tariff barrier that India aims to address through its bilateral trade agreement with the United Kingdom to facilitate smoother trade?
A High import duties on agricultural products.
B Complex customs procedures and technical regulations.
C Restrictions on foreign direct investment in manufacturing.
D Quotas on raw material exports from India.
56.
Which of the following is a key sector where India seeks significant market access and regulatory cooperation in its ongoing trade agreement negotiations with the United Kingdom?
A Heavy Manufacturing
B Financial and Professional Services
C Crude Oil Exploration
D Defence Equipment Production
57.
India is actively negotiating a comprehensive bilateral trade agreement with the United Kingdom. What is the commonly used term for such an extensive agreement covering goods, services, and investment?
A Preferential Trade Agreement (PTA)
B Comprehensive Economic Partnership Agreement (CEPA)
C Customs Union
D Free Trade Area (FTA)
58.
A central point of contention in the ongoing UN Security Council reform discussions, particularly concerning the P5, revolves around which aspect?
A The geographical distribution of non-permanent seats.
B The abolition or reform of the veto power.
C The frequency of UNSC meetings.
D The budget allocation for peacekeeping operations.
59.
Which group of nations actively advocates for the expansion of both permanent and non-permanent seats in the UN Security Council, including their own candidacies for permanent membership?
A Uniting for Consensus (UfC)
B G4 Nations
C African Union (AU)
D Non-Aligned Movement (NAM)
60.
As of 2026, how many permanent members does the United Nations Security Council (UNSC) currently have?
A 5
B 10
C 15
D 20
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