MCQs - 2026-10

The guidelines mandate that all loan disbursals and repayments must be routed through a bank account maintained by the regulated entity (RE) or its outsourced agent, ensuring transparency and auditability.

The guidelines explicitly prohibit digital lending platforms from levying upfront margin calls or margin requirements on borrowers, aiming to prevent predatory lending practices.

The new guidelines place the primary responsibility for compliance with all applicable laws and regulations on the digital lending platform itself, including ensuring fair practices and data privacy.

The RBI's mandate includes not only price stability but also ensuring the stability of the financial system. The October 2026 review reiterated this dual focus.

The RBI's October 2026 review projected a GDP growth rate of 7.0% for the fiscal year 2026-27, citing robust domestic demand and improved global economic conditions.

The Monetary Policy Committee (MPC) in its October 2026 review maintained the repo rate at 6.50%. This decision was based on an assessment of the macroeconomic situation and inflation outlook.

The scheme explicitly excludes all serving or retired officers and employees of Central/State Government Ministries/Offices/Departments and their field units, Central or State PSEs, and Attached offices/Autonomous Institutions under Government, as well as regular employees of the Local Bodies (excluding Multi Tasking Staff /Class IV/Group D employees).

Under the PM-KISAN scheme, eligible farmer families receive ₹6,000 per year, disbursed in three equal installments of ₹2,000 each, every four months.

The PM-KISAN scheme was officially launched on February 24, 2019, but it was made effective retrospectively from December 1, 2018, to cover the first installment period.

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