MCQs 2026

The primary objective of the MPC is to maintain price stability, specifically targeting a CPI inflation of 4% with a +/- 2% band, while also considering economic growth.

The Monetary Policy Committee (MPC) consists of six members: three from the RBI (including the Governor) and three external members appointed by the Central Government.

The cooling-off period allows borrowers to reconsider the loan and exit by repaying the principal amount without any penalty, promoting responsible borrowing and preventing hasty decisions.

The Key Fact Statement (KFS) provides a standardized summary of the loan terms, including interest rate, fees, and other charges, helping borrowers make informed decisions.

RBI mandates direct disbursal and repayment to/from the borrower's bank account to the Regulated Entity (RE) to ensure transparency and accountability, eliminating the role of any pass-through agent.

Nipun Bharat 2.0 emphasizes leveraging technology to create adaptive learning pathways and robust assessment tools that cater to individual learning needs at the foundational stage, ensuring that every child achieves the desired learning outcomes.

Nipun Bharat 2.0 is an enhanced phase of the Nipun Bharat mission, which itself is a flagship initiative under the National Education Policy (NEP) 2020, aimed at ensuring foundational literacy and numeracy for all children.

The expanded PM-Surya Ghar Muft Bijli Yojana aims to achieve a significant addition of 50 GW of rooftop solar capacity by the end of 2026, a substantial increase from previous targets, to accelerate the adoption of solar energy.

The expansion includes provisions for subsidies on battery storage systems, which are crucial for ensuring consistent power supply from solar energy, especially during non-sunlight hours, thereby enhancing the utility of rooftop solar installations.