What is the primary objective of the ISRO Chandrayaan-4 mission?
A To perform a sample return mission from the lunar surface
B To establish a permanent human base on the Moon
C To map the entire lunar surface in 3D
D To deploy a solar-powered rover for 10 years
Answer: A
Chandrayaan-4 is designed as a sample return mission, aiming to collect lunar soil and rock samples and bring them back to Earth.
52.
Besides government policies, which factor significantly contributes to attracting foreign and domestic investment into India's manufacturing sector, leading to robust growth?
A High corporate tax rates
B Complex regulatory environment
C Large domestic market and skilled workforce availability
D Limited infrastructure development
Answer: C
India's large and growing domestic market, coupled with a relatively young and increasingly skilled workforce, makes it an attractive destination for both foreign and domestic investment in the manufacturing sector, fostering robust growth.
53.
Which of the following is a widely used indicator to gauge the health and growth trajectory of the manufacturing sector in India?
A Consumer Price Index (CPI)
B Wholesale Price Index (WPI)
C Purchasing Managers' Index (PMI)
D Repo Rate
Answer: C
The Purchasing Managers' Index (PMI) is a crucial economic indicator that provides insights into the manufacturing sector's health by surveying purchasing managers on new orders, output, employment, and inventories. A PMI above 50 generally indicates expansion.
54.
Which government initiative is primarily aimed at boosting domestic manufacturing and making India a global manufacturing hub, contributing to robust growth?
A National Rural Health Mission
B Production Linked Incentive (PLI) Scheme
C Pradhan Mantri Jan Dhan Yojana
D Swachh Bharat Abhiyan
Answer: B
The Production Linked Incentive (PLI) Scheme is a flagship government initiative designed to boost domestic manufacturing, attract foreign investment, and enhance India's export capabilities across various sectors, directly contributing to manufacturing growth.
55.
What is a key aspect of SEBI's stricter valuation norms for Alternative Investment Funds (AIFs)?
A AIFs are now allowed to self-value their investments without any external oversight.
B SEBI mandates that AIFs must appoint an independent valuer for valuing their investments, especially for Category III AIFs.
C Valuation reports are only required for investments exceeding a certain threshold.
D Fund managers have complete discretion over the valuation methodology without regulatory guidelines.
Answer: B
SEBI has strengthened valuation norms for AIFs, particularly for Category III AIFs, by mandating the appointment of an independent valuer to ensure fair and transparent valuation of their investments, thereby protecting investor interests.
56.
In the context of stricter norms for AIFs, what is SEBI's recent directive concerning unliquidated investments at the end of an AIF's tenure?
A AIFs can indefinitely hold unliquidated investments beyond their tenure with investor consent.
B SEBI has mandated a maximum extension period of two years for liquidating investments, subject to investor approval.
C Unliquidated investments must be compulsorily transferred to a separate segregated portfolio or distributed in-specie to investors.
D Fund managers are allowed to liquidate investments at any price to meet the fund's closure deadline.
Answer: C
SEBI has introduced stricter norms requiring AIFs to either compulsorily transfer unliquidated investments to a segregated portfolio (DCC) or distribute them in-specie to investors at the end of the fund's tenure, rather than allowing indefinite extensions.
57.
What recent stricter norm has SEBI proposed/implemented regarding expenses charged by Alternative Investment Funds (AIFs)?
A AIFs are now permitted to charge all operational expenses directly to investors without disclosure.
B SEBI has mandated that all fees and expenses must be charged to the AIF scheme and not directly to investors, except for specific cases.
C Fund managers can decide on the direct payout of expenses without any regulatory oversight.
D Only management fees can be directly paid by investors, while other expenses are borne by the AIF.
Answer: B
SEBI has tightened norms, mandating that all fees and expenses, including operating expenses, must be charged to the AIF scheme and not directly to investors, except for specific cases like transaction costs for direct investments. This aims to enhance transparency and protect investor interests.
58.
Which of the following statements accurately reflects the RBI's stance on data collection by Digital Lending Apps (DLAs)?
A DLAs are permitted to access all personal data on a borrower's device for credit assessment.
B DLAs must seek explicit consent for all data collection and restrict access to necessary data points.
C Biometric data collection is mandatory for all digital loan applications.
D Data collected can be stored indefinitely on the DLA's servers.
Answer: B
RBI guidelines emphasize that DLAs must obtain explicit consent from borrowers for all data collection, ensuring that only necessary data points are accessed and stored, with clear disclosure of usage, to protect borrower privacy.
59.
According to RBI guidelines, what is a mandatory provision for digital loans concerning transparency and borrower protection?
A Lenders are required to offer a minimum 30-day cooling-off period for all loans.
B A Key Fact Statement (KFS) must be provided to the borrower before loan execution.
C Digital lending apps can automatically increase credit limits based on repayment history.
D All charges, except interest, can be disclosed post-disbursement.
Answer: B
The RBI mandates that a Key Fact Statement (KFS) containing all essential information, including the Annual Percentage Rate (APR), must be provided to the borrower before the execution of the loan contract to ensure full transparency.
60.
What is a key mandate by the RBI for digital lending platforms regarding loan disbursement and repayment?
A Loans must be disbursed and repaid directly between the borrower and the Regulated Entity (RE).
B Digital Lending Apps (DLAs) can disburse loans directly to the borrower's wallet.
C Repayment can be routed through any third-party service provider.
D Only the interest component needs to be paid directly to the RE.
Answer: A
RBI guidelines mandate that the loan disbursement and repayment must be executed directly between the borrower and the Regulated Entity (RE) without any pass-through arrangement, ensuring transparency and accountability.
