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.
22.
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.
23.
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.
24.
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.
25.
What is the significance of maritime infrastructure, such as ports and shipping lanes, to the global economy, as emphasized in the UN Security Council's 2026 discussions?
A They are primarily used for tourism and leisure activities.
B They are essential for the vast majority of international trade and supply chains.
C Their importance has diminished with the rise of air cargo.
D They are mainly relevant to coastal nations and have little global impact.
Answer: B
Maritime infrastructure forms the backbone of global commerce, facilitating the movement of goods that constitute the majority of international trade and are critical for the functioning of global supply chains.
26.
The UN Security Council's address on maritime infrastructure security in 2026 likely called for enhanced international cooperation. Which of the following is a crucial aspect of such cooperation?
A Unilateral imposition of security measures by powerful nations.
B Sharing of intelligence and coordinated naval patrols.
C Reducing the number of international maritime organizations.
D अंतर्राष्ट्रीय समुद्री संगठनों की संख्या कम करना।
Answer: B
Effective maritime security relies heavily on international collaboration, including the exchange of vital intelligence among nations and joint efforts like coordinated patrols to deter and respond to threats.
27.
In a recent session in 2026, the UN Security Council discussed the security of maritime infrastructure. What is a primary concern highlighted regarding the safety of these vital global assets?
A Over-regulation of shipping lanes by individual nations.
B Increasing threats from piracy, terrorism, and state-sponsored attacks.
C Lack of technological advancement in port management.
D Declining global trade volumes impacting port operations.
Answer: B
The UN Security Council's discussions often focus on the escalating threats to maritime infrastructure, including piracy, terrorism, and potential attacks by state or non-state actors, which jeopardize global trade and security.
28.
Which of the following is a potential benefit for Indian businesses due to the expanded CEPA with the UAE, focusing on digital trade protocols in 2026?
A Reduced access to UAE's market for digital products and services.
B Increased regulatory hurdles for setting up digital businesses in the UAE.
C Enhanced opportunities for Indian IT firms to offer services and expand their market reach in the UAE.
D Higher costs associated with data transfer and digital transactions.
Answer: C
The digital trade protocols are designed to create a more favorable environment for digital businesses, thereby increasing opportunities for Indian IT firms to export their services and grow their presence in the UAE market.
29.
The recent expansion of the India-UAE CEPA to include digital trade protocols in 2026 is expected to significantly impact which sector of the economy?
A Agriculture and Food Processing
B Information Technology and Digital Services
C Textile Manufacturing
D Heavy Industry and Manufacturing
Answer: B
The inclusion of digital trade protocols directly targets the Information Technology and Digital Services sector, aiming to enhance trade in areas like software, IT consulting, e-commerce, and digital payments between India and the UAE.
30.
In 2026, India and the UAE are expanding their Comprehensive Economic Partnership Agreement (CEPA) to include digital trade protocols. Which of the following is a key objective of these new protocols?
A To impose higher tariffs on digital services traded between the two countries.
B To facilitate seamless cross-border digital trade and reduce non-tariff barriers for digital services.
C To restrict the flow of data between India and the UAE.
D To prioritize traditional goods trade over digital services.
Answer: B
The expansion of CEPA with digital trade protocols aims to boost digital economic ties by simplifying cross-border digital trade and removing obstacles for digital services, aligning with global trends in digital commerce.
