MCQs 2026

The Reserve Bank of India extended the Prompt Corrective Action (PCA) framework to Non-Banking Financial Companies (NBFCs) in October 2021. This move aimed to strengthen the supervisory framework for NBFCs and ensure financial stability.

The SBR framework classifies NBFCs into four layers: Base Layer (NBFC-BL), Middle Layer (NBFC-ML), Upper Layer (NBFC-UL), and a potential Top Layer (NBFC-TL) which would be empty unless specifically identified by the RBI. This framework was introduced in October 2021 and became effective from October 2022.

The Nari Shakti Udyami Scheme is specifically designed to support and promote women who are aspiring entrepreneurs or already running businesses, aiming to enhance their economic independence and contribution to the economy.

A crucial aspect of the Nari Shakti Udyami Scheme is its focus on financial enablement. It provides women entrepreneurs with access to financial resources through low-interest loans and grants, which are essential for starting and scaling their businesses.

The Nari Shakti Udyami Scheme is designed to foster entrepreneurship among women by offering a comprehensive support system that includes access to affordable credit, training programs for skill enhancement, and facilitation of connections to markets for their products and services.

The Ministry of New and Renewable Energy (MNRE) is the nodal ministry for promoting renewable energy sources in India and is therefore responsible for the implementation and policy-making related to schemes like the PM-Surya Ghar Muft Bijli Yojana.

The subsidy structure for the PM-Surya Ghar Muft Bijli Yojana is designed to be progressive, with varying amounts based on the capacity of the solar system installed, encouraging adoption across different household needs. The exact figures are subject to government notifications.

The expanded PM-Surya Ghar Muft Bijli Yojana aims to encourage rooftop solar installations by offering subsidies and providing up to 300 units of free electricity monthly to eligible households, thereby reducing electricity bills and promoting renewable energy.

The day aims to highlight how environmental destruction during armed conflicts undermines peace and security, and to emphasize the role of natural resources and ecosystems in peacebuilding.

The UN General Assembly, on 5 November 2001, declared 6 November of each year as the International Day for Preventing Environmental Exploitation in Conflict and Armed Conflict.