MCQs: Entertainment Current Affairs May 2026

Name: MockPreps
Address: IN

11.

Which of the following is a key requirement for Digital Lending Apps under RBI guidelines?

A Apps must store data on foreign servers

B Apps must provide a Key Fact Statement (KFS) to the borrower

C Apps can charge unlimited processing fees

D Apps do not need to disclose the name of the lender

12.

Under the new RBI guidelines, who is responsible for the repayment of loans taken through digital lending apps?

A The Digital Lending App (DLA)

B The Regulated Entity (RE)

C The Third-party Service Provider

D The Government of India

13.

What is the primary objective of keeping the Repo Rate unchanged?

A To increase fiscal deficit

B To align inflation with the target

C To decrease foreign exchange reserves

D To stop bank lending

14.

Which committee is responsible for deciding the Repo Rate in India?

A Monetary Policy Committee (MPC)

B Financial Stability Committee

C Economic Advisory Council

D Banking Regulation Committee

15.

What is the current Repo Rate maintained by the Reserve Bank of India (RBI) as per the latest monetary policy?

A 6.0%

B 6.25%

C 6.5%

D 6.75%

16.

The Pradhan Mantri Kaushal Vikas Yojana (PMKVY) is a flagship scheme of which Union Ministry?

A Ministry of Education

B Ministry of Skill Development and Entrepreneurship

C Ministry of Labour and Employment

D Ministry of Finance

17.

Which of the following sectors or technologies is likely to be a key focus area for PMKVY 5.0, given its emphasis on 'Future Skills'?

A Handloom weaving and traditional crafts.

B Artificial Intelligence, Robotics, and Data Analytics.

C Classical music and dance.

D Ancient history and archaeology.

18.

Pradhan Mantri Kaushal Vikas Yojana (PMKVY) 5.0 is a recent initiative. What is the primary emphasis of this new version of the scheme?

A Traditional vocational training for agriculture.

B Developing skills relevant to Industry 4.0 and future technologies.

C Providing basic literacy programs to rural populations.

D Offering financial aid for starting small businesses.

19.

The progress review of Jal Jeevan Mission often involves monitoring specific indicators. Which of the following is a crucial indicator for the mission's success?

A Percentage of households with LPG connections.

B Percentage of rural households with Functional Household Tap Connections (FHTC).

C Number of schools with digital classrooms.

D Increase in agricultural productivity.

20.

Which of the following is a key objective of the Jal Jeevan Mission (JJM) in its overall implementation?

A To provide piped natural gas connections to all rural households.

B To ensure every rural household gets a Functional Household Tap Connection (FHTC).

C To promote solar energy adoption in rural India.

D To improve sanitation facilities in urban slums.

MCQs 2026