MCQ Test: India Rolls Out Key Policy Changes, Boosts Manufacturing, and Addresses Unclaimed Deposits

1. What is a significant change introduced for non-government subscribers of the National Pension System (NPS) effective October 1, 2025?

A) They can now open multiple NPS accounts without a PAN. B) They can invest up to 100% of their contributions in equity. C) They are restricted from diversifying across multiple schemes. D) They can only invest in government bonds.

2. The Reserve Bank of India (RBI) is implementing a reform for cheque clearing starting October 4, 2025. What is this reform?

A) Transition to weekly cheque processing. B) Introduction of continuous cheque clearing. C) Mandating physical submission of all cheques. D) Discontinuation of cheque clearing services.

3. Which UPI feature was discontinued by the National Payments Corporation of India (NPCI) to enhance security and mitigate fraud risks?

A) P2P "push transaction" feature. B) P2M "merchant payment" feature. C) P2P "collect request" (pull transaction) feature. D) A2A "account-to-account" transfer feature.

4. What new requirement did RBI introduce for bank locker agreements, effective October 1, 2025?

A) Customers are no longer required to sign locker agreements. B) Banks must update all existing locker agreements as per new RBI norms. C) Only new locker agreements need to comply with RBI norms. D) Locker agreements are now managed exclusively by third-party agencies.

5. What is the new regulation regarding Public Provident Fund (PPF) accounts for Non-Resident Indians (NRIs) effective October 1, 2025?

A) NRIs can now open unlimited new PPF accounts. B) NRIs are barred from opening new PPF accounts and extensions for existing ones are restricted. C) NRIs can only open PPF accounts if they have a joint Indian account holder. D) Existing NRI PPF accounts will be automatically converted to NRE accounts.

6. Under the new Promotion & Regulation of Online Gaming Act, which types of online games are banned?

A) E-sports and skill-based games. B) Real-money betting and gambling applications. C) Educational and fantasy sports games. D) Card games and board games played online.

7. What new Aadhaar-based guideline has been implemented for online general railway ticket reservations?

A) All general tickets must now be booked using Aadhaar. B) The first 15 minutes of general ticket reservation are restricted to Aadhaar-verified users. C) Aadhaar is only required for booking tatkal tickets. D) Aadhaar verification is no longer required for any online railway booking.

8. What is the primary objective of RBI's year-long incentive scheme for banks regarding unclaimed deposits, effective October 1, 2025?

A) To encourage banks to invest unclaimed deposits in government securities. B) To penalize banks for holding unclaimed deposits. C) To encourage banks to actively pursue customers for reactivation of inoperative accounts and return unclaimed amounts. D) To transfer all unclaimed deposits directly to the central government.

9. The unclaimed deposits targeted by RBI's incentive scheme are currently lying in which fund?

A) Contingency Fund of India. B) Depositor Education and Awareness (DEA) Fund. C) National Investment Fund. D) Prime Minister's National Relief Fund.

10. What is the financial outlay approved for the 'Mission for Aatmanirbharta in Pulses' for its six-year period?

A) "₹5,862 crore" B) "₹1,500 crore" C) "₹11,440 crore" D) "₹67,000 crore"

11. Which Rabi crop received the sharpest hike in Minimum Support Price (MSP) for the 2026-27 marketing season?

A) Wheat B) Lentil (Masur) C) Barley D) Safflower

12. The Biomedical Research Career Programme (BRCP) Phase III is a collaborative effort between the Department of Biotechnology (DBT) and which international organization?

A) World Health Organization (WHO) B) Bill & Melinda Gates Foundation C) Wellcome Trust (WT), UK D) United Nations Development Programme (UNDP)

13. How many new Kendriya Vidyalayas were approved by the Union Cabinet with an outlay of over ₹5,862 crore?

A) "49" B) "57" C) "68" D) "75"

14. What additional percentage of Dearness Allowance (DA) and Dearness Relief (DR) was approved for Central Government employees and pensioners, effective July 1, 2025?

A) "2 percent" B) "3 percent" C) "4 percent" D) "5 percent"

15. When was the Electronics Component Manufacturing Scheme (ECMS) launched, which has garnered significant investment?

A) "October 2024" B) "April 2025" C) "July 2025" D) "October 2025"

16. The Electronics Component Manufacturing Scheme (ECMS) has received investment commitments of approximately double its original target. What was the original investment target?

A) "₹1.15 lakh crore ($13 billion)" B) "₹59,350 crore ($6.7 billion)" C) "₹10.34 lakh crore" D) "₹67,000 crore"

17. What percentage of participation in the Electronics Component Manufacturing Scheme (ECMS) came from MSMEs?

A) "Less than 20%" B) "Approximately 40%" C) "Over 60%" D) "Exactly 50%"

18. For how many consecutive quarters have the interest rates for small savings schemes, including PPF and NSC, remained unchanged as of the October-December 2025 quarter?

A) "Five quarters" B) "Six quarters" C) "Seven quarters" D) "Eight quarters"

ALL TN Comp Exams Prep

India Rolls Out Key Policy Changes, Boosts Manufacturing, and Addresses Unclaimed Deposits

Your Score: 0 / 0

1. What is a significant change introduced for non-government subscribers of the National Pension System (NPS) effective October 1, 2025?

2. The Reserve Bank of India (RBI) is implementing a reform for cheque clearing starting October 4, 2025. What is this reform?

3. Which UPI feature was discontinued by the National Payments Corporation of India (NPCI) to enhance security and mitigate fraud risks?

4. What new requirement did RBI introduce for bank locker agreements, effective October 1, 2025?

5. What is the new regulation regarding Public Provident Fund (PPF) accounts for Non-Resident Indians (NRIs) effective October 1, 2025?

6. Under the new Promotion & Regulation of Online Gaming Act, which types of online games are banned?

7. What new Aadhaar-based guideline has been implemented for online general railway ticket reservations?

8. What is the primary objective of RBI's year-long incentive scheme for banks regarding unclaimed deposits, effective October 1, 2025?

9. The unclaimed deposits targeted by RBI's incentive scheme are currently lying in which fund?

10. What is the financial outlay approved for the 'Mission for Aatmanirbharta in Pulses' for its six-year period?

11. Which Rabi crop received the sharpest hike in Minimum Support Price (MSP) for the 2026-27 marketing season?

12. The Biomedical Research Career Programme (BRCP) Phase III is a collaborative effort between the Department of Biotechnology (DBT) and which international organization?

13. How many new Kendriya Vidyalayas were approved by the Union Cabinet with an outlay of over ₹5,862 crore?

14. What additional percentage of Dearness Allowance (DA) and Dearness Relief (DR) was approved for Central Government employees and pensioners, effective July 1, 2025?

15. When was the Electronics Component Manufacturing Scheme (ECMS) launched, which has garnered significant investment?

16. The Electronics Component Manufacturing Scheme (ECMS) has received investment commitments of approximately double its original target. What was the original investment target?

17. What percentage of participation in the Electronics Component Manufacturing Scheme (ECMS) came from MSMEs?

18. For how many consecutive quarters have the interest rates for small savings schemes, including PPF and NSC, remained unchanged as of the October-December 2025 quarter?

India Rolls Out Key Policy Changes, Boosts Manufacturing, and Addresses Unclaimed Deposits

Your Score: 0 / 0

1. What is a significant change introduced for non-government subscribers of the National Pension System (NPS) effective October 1, 2025?

2. The Reserve Bank of India (RBI) is implementing a reform for cheque clearing starting October 4, 2025. What is this reform?

3. Which UPI feature was discontinued by the National Payments Corporation of India (NPCI) to enhance security and mitigate fraud risks?

4. What new requirement did RBI introduce for bank locker agreements, effective October 1, 2025?

5. What is the new regulation regarding Public Provident Fund (PPF) accounts for Non-Resident Indians (NRIs) effective October 1, 2025?

6. Under the new Promotion & Regulation of Online Gaming Act, which types of online games are banned?

7. What new Aadhaar-based guideline has been implemented for online general railway ticket reservations?

8. What is the primary objective of RBI's year-long incentive scheme for banks regarding unclaimed deposits, effective October 1, 2025?

9. The unclaimed deposits targeted by RBI's incentive scheme are currently lying in which fund?

10. What is the financial outlay approved for the 'Mission for Aatmanirbharta in Pulses' for its six-year period?

11. Which Rabi crop received the sharpest hike in Minimum Support Price (MSP) for the 2026-27 marketing season?

12. The Biomedical Research Career Programme (BRCP) Phase III is a collaborative effort between the Department of Biotechnology (DBT) and which international organization?

13. How many new Kendriya Vidyalayas were approved by the Union Cabinet with an outlay of over ₹5,862 crore?

14. What additional percentage of Dearness Allowance (DA) and Dearness Relief (DR) was approved for Central Government employees and pensioners, effective July 1, 2025?

15. When was the Electronics Component Manufacturing Scheme (ECMS) launched, which has garnered significant investment?

16. The Electronics Component Manufacturing Scheme (ECMS) has received investment commitments of approximately double its original target. What was the original investment target?

17. What percentage of participation in the Electronics Component Manufacturing Scheme (ECMS) came from MSMEs?

18. For how many consecutive quarters have the interest rates for small savings schemes, including PPF and NSC, remained unchanged as of the October-December 2025 quarter?

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