What is the primary purpose of the "Key Fact Statement (KFS)" mandated by RBI for digital loans by 2026?
A To provide a detailed breakdown of the borrower's credit score.
B To disclose all-inclusive cost of the digital loan in the form of Annual Percentage Rate (APR) and other key terms.
C To serve as a legal agreement for dispute resolution.
D To track the borrower's spending habits for future loan offers.
Answer: B
The Key Fact Statement (KFS) is a mandatory disclosure under RBI's Digital Lending Guidelines. Its primary purpose is to provide borrowers with a clear and concise summary of the loan terms, including the Annual Percentage Rate (APR), total cost, tenure, and other essential information, enabling informed decision-making.
12.
Which of the following is a mandatory requirement for Regulated Entities (REs) under the RBI's Digital Lending Guidelines, effective by 2026?
A All loan disbursals and repayments must be executed directly between the borrower and the RE.
B Lending Service Providers (LSPs) are permitted to manage a pass-through account for loan transactions.
C Automatic increase in credit limit is allowed with a 24-hour prior notification to the borrower.
D Borrowers are required to pay fees/charges directly to the LSPs.
Answer: A
The RBI's Digital Lending Guidelines mandate that all loan disbursals and repayments must be executed only between the borrower and the Regulated Entity (RE) directly, without any pass-through account of the Lending Service Provider (LSP) or any third party. This ensures transparency and accountability.
13.
As of 2026, which Union Ministry is primarily responsible for the implementation of the Swachh Bharat Mission-Urban 2.0 (SBM-U 2.0)?
A Ministry of Jal Shakti
B Ministry of Rural Development
C Ministry of Housing and Urban Affairs
D Ministry of Environment, Forest and Climate Change
Answer: C
The Ministry of Housing and Urban Affairs (MoHUA) is the nodal ministry responsible for the planning, implementation, and monitoring of the Swachh Bharat Mission-Urban 2.0 (SBM-U 2.0).
14.
Which of the following is a primary objective of the Swachh Bharat Mission-Urban 2.0 (SBM-U 2.0), launched in 2021?
A To provide universal access to piped water supply in rural areas.
B To make all cities 'Garbage Free' and 'Water Secure'.
C To construct individual household latrines in all urban slums.
D To promote organic farming in peri-urban regions.
Answer: B
The primary objective of SBM-U 2.0 is to make all cities 'Garbage Free' and 'Water Secure' by focusing on sustainable solid waste management, wastewater treatment, and faecal sludge management.
15.
When was the Swachh Bharat Mission-Urban 2.0 (SBM-U 2.0), often referred to as the National Urban Sanitation Mission 2.0, officially launched?
A August 15, 2020
B October 1, 2021
C January 26, 2022
D April 1, 2023
Answer: B
The Swachh Bharat Mission-Urban 2.0 (SBM-U 2.0), which is the successor to SBM-U and focuses on urban sanitation, was officially launched on October 1, 2021, by the Prime Minister.
16.
The Pradhan Mantri Jan Dhan Yojana (PMJDY) was made 'open-ended' during its expansion in August 2018. What does 'open-ended' signify in this context?
A The scheme is open to all foreign nationals residing in India.
B There is no specific end date for the scheme, allowing for continuous implementation.
C Account holders can open multiple PMJDY accounts across different banks.
D The scheme's benefits are limited to a specific number of beneficiaries.
Answer: B
Making PMJDY 'open-ended' in August 2018 means that the scheme does not have a predefined end date, allowing for its continuous implementation and expansion to achieve comprehensive financial inclusion.
17.
As of 2026, which of the following benefits is associated with a Pradhan Mantri Jan Dhan Yojana (PMJDY) account opened after the scheme's expansion in August 2018?
A An accidental insurance cover of ₹50,000 on RuPay cards.
B An overdraft facility of up to ₹10,000 for eligible account holders.
C A mandatory minimum balance requirement of ₹1,000.
D Eligibility for a direct housing subsidy without any other conditions.
Answer: B
Post-expansion in August 2018, PMJDY accounts offer an enhanced overdraft facility of up to ₹10,000 for eligible account holders. The accidental insurance cover on RuPay cards was increased to ₹2 lakh for new accounts opened after August 28, 2018. PMJDY accounts have no minimum balance requirement.
18.
What was a key change introduced in the expanded version of Pradhan Mantri Jan Dhan Yojana (PMJDY) announced in August 2018?
A The overdraft limit for eligible account holders was increased from ₹5,000 to ₹10,000.
B The accidental insurance cover on RuPay cards was reduced from ₹2 lakh to ₹1 lakh.
C The scheme was given a fixed end date of March 31, 2025.
D The focus shifted from 'every adult' to 'every household'.
Answer: A
The expanded version of PMJDY, announced in August 2018, increased the overdraft limit from ₹5,000 to ₹10,000 and the accidental insurance cover on RuPay cards from ₹1 lakh to ₹2 lakh for new accounts opened after August 28, 2018. The scheme also became open-ended, and its focus shifted from 'every household' to 'every adult'.
19.
The impunity for crimes against journalists often leads to self-censorship and a chilling effect on press freedom. In 2026, what is a significant consequence of unchecked impunity for journalists?
A Increased public trust in media institutions.
B Greater transparency and accountability in governance.
C Erosion of democratic discourse and the public's right to information.
D Strengthened international cooperation on journalistic safety.
Answer: C
When journalists are attacked and their attackers go unpunished, it silences critical voices, hinders the free flow of information, and ultimately weakens democratic societies by limiting public access to diverse perspectives and factual reporting.
20.
In 2026, the International Day to End Impunity for Crimes against Journalists will be observed. Which United Nations body adopted the resolution to establish this day?
A United Nations Security Council
B United Nations General Assembly
C International Court of Justice
D United Nations Human Rights Council
Answer: B
The United Nations General Assembly (UNGA) adopted Resolution 68/163 on 18 December 2013, proclaiming November 2nd as the International Day to End Impunity for Crimes against Journalists.
