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MCQs - 2026-04

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961.
The Finance Ministry's AI roadmap for PSBs emphasizes the need for which of the following?
A Data privacy and ethical AI frameworks
B Complete replacement of human staff
C Elimination of digital banking
D Increasing manual ledger entries
962.
Which technology is being prioritized by the Finance Ministry to improve credit risk assessment in PSBs?
A Blockchain technology
B Artificial Intelligence and Machine Learning
C Quantum Computing
D Cloud storage only
963.
What is the primary focus of the Finance Ministry's roadmap for AI adoption in Public Sector Banks (PSBs)?
A Reducing the number of bank branches
B Enhancing operational efficiency and customer service
C Privatizing all public sector banks
D Increasing the physical currency circulation
964.
What is the primary objective of the 'Key Fact Statement' (KFS) mandated by the RBI for digital loans?
A To increase the interest rates
B To provide transparency regarding the Annual Percentage Rate (APR)
C To promote digital marketing of loans
D To reduce the documentation process for banks
965.
According to RBI norms, where must the loan funds be directly transferred?
A To the Lending Service Provider's account
B To the borrower's bank account
C To a third-party escrow account
D To the digital wallet of the agent
966.
Under RBI's digital lending guidelines, who is responsible for ensuring that the Key Fact Statement (KFS) is provided to the borrower?
A The Lending Service Provider (LSP)
B The Regulated Entity (RE)
C The borrower themselves
D The Ministry of Finance
967.
Which sector is specifically prioritized under the Nari Shakti Udyami Scheme expansion?
A Heavy manufacturing and mining
B Micro, Small and Medium Enterprises (MSMEs)
C Large-scale infrastructure development
D Space research and technology
968.
Under the expanded scheme, what is the primary financial benefit provided to women entrepreneurs?
A Interest-free loans for business setup
B Direct monthly salary support
C Subsidized credit and collateral-free loans
D Full tax exemption for 10 years
969.
What is the main focus of the expanded Nari Shakti Udyami Scheme?
A Providing free education to girl children
B Promoting women entrepreneurship through financial assistance and training
C Providing healthcare facilities to rural women
D Providing pension schemes for elderly women
970.
Which of the following is a key feature of the PM-Vikas portal?
A Direct integration with e-commerce platforms for artisans
B Automated tax filing for small businesses
C Real-time tracking of weather patterns
D Direct access to international stock markets