MCQs 2026

The PLI schemes provide incentives to companies for incremental sales of their manufactured goods, encouraging them to increase production, improve efficiency, and invest in R&D. This directly links incentives to performance, making Indian manufacturing more competitive on a global scale.

While PLI schemes have significantly boosted sectors like automobiles, pharmaceuticals, electronics, and textiles, traditional handicrafts, though important for employment and culture, have not been a primary focus of the large-scale, production-linked incentives aimed at industrial manufacturing growth.

The Production Linked Incentive (PLI) Schemes, launched by the Indian government, have been instrumental in boosting domestic manufacturing and exports across various sectors by providing incentives linked to incremental sales. This has been a primary driver of the robust growth observed in 2026.

The Key Fact Statement (KFS) mandated by the RBI's 2026 digital lending guidelines aims to ensure that borrowers are fully informed about the terms and conditions of their loan, including all associated costs, interest rates, and repayment obligations, presented in a simple and accessible manner.

The digital lending guidelines issued by the RBI in 2026 explicitly state that the digital lending entity is responsible for ensuring that all loan disbursals and repayments are conducted through their own bank accounts, thereby preventing the misuse of third-party pool accounts and enhancing transparency.

The new digital lending guidelines by the RBI in 2026 focus on safeguarding consumers by ensuring transparency, preventing unfair practices like exorbitant interest rates or hidden charges, and protecting sensitive customer data. The aim is to foster a responsible digital lending ecosystem.

The ASEAN Secretariat is located in Jakarta, Indonesia.

The India-ASEAN Trade in Goods Agreement (AITIGA) was signed in 2009 and is the foundational agreement for trade between the two entities.

ASEAN currently has 11 member states, with Timor-Leste being the latest country to join the bloc.

Under the UN Charter, the Security Council has the primary responsibility for the maintenance of international peace and security.