MCQs 2026

Chidananda S. Naik's film 'Sunflowers Were the First Ones to Know', from FTII Pune, won the first prize in the La Cinef category.

Anasuya Sengupta won the Best Actress award in the Un Certain Regard section for her performance in the film 'The Shameless'.

Payal Kapadia's film won the Grand Prix, the second-highest award at the festival, becoming the first Indian film to do so.

Star Wars creator George Lucas was presented with the Honorary Palme d'Or during the closing ceremony of the 77th Cannes Film Festival.

American director and actress Greta Gerwig served as the Jury President for the 77th edition of the festival.

The American comedy-drama 'Anora', directed by Sean Baker, won the Palme d'Or, the highest prize at the 77th Cannes Film Festival.

Contagion effect refers to the risk that the failure or distress of one financial institution (like an NBFC) can spread to others, potentially destabilizing the entire financial system.

Strengthening the NBFC sector involves ensuring they have adequate capital to absorb potential losses and sufficient liquidity to meet their obligations, often through enhanced norms.

NBFCs play a crucial role in extending credit to underserved segments and contributing to financial inclusion, making their strengthening vital for economic growth.

The guidelines place the onus on regulated entities (banks and NBFCs) to ensure that their digital lending operations, including those outsourced to third parties, comply with the stipulated norms.