MCQ Test: India Rolls Out Major Financial Policy Changes, Concludes Special Campaign 5.0, and Expands Youth Engagement Platform

1. What is the fee for an adult to update their biometric information (fingerprints or iris scans) on their Aadhaar card, effective November 1, 2025?

A) ₹75 B) ₹125 C) ₹0 D) ₹50

2. For how long has the ₹125 fee for mandatory biometric updates for children's Aadhaar cards been waived by UIDAI, effective November 1, 2025?

A) 6 months B) 1 year C) 2 years D) Until further notice

3. According to the amendments to the Banking Laws Act effective November 1, 2025, what is the maximum number of individuals a bank customer can nominate for a single account or locker?

A) One B) Two C) Three D) Four

4. Which of the following GST slab rates were removed as part of the new two-slab system effective November 1, 2025?

A) 5% and 12% B) 12% and 28% C) 18% and 28% D) 5% and 18%

5. What is the new GST rate introduced for luxury and sin goods under the revamped system effective November 1, 2025?

A) 18% B) 28% C) 30% D) 40%

6. Central government employees seeking to transition from the National Pension System (NPS) to the Unified Pension Scheme (UPS) have until which date to complete the process?

A) October 31, 2025 B) November 1, 2025 C) November 30, 2025 D) December 31, 2025

7. From November 1, 2025, what is the typical timeframe for automatic approval of new GST registrations for most applicants?

A) 1 working day B) 3 working days C) 7 working days D) 15 working days

8. Which government department spearheaded the "Special Campaign 5.0" that concluded on October 31, 2025?

A) Ministry of Finance B) Department of Administrative Reforms and Public Grievances (DARPG) C) Ministry of Home Affairs D) NITI Aayog

9. What was the approximate revenue generated from the disposal of scrap and e-waste during the "Special Campaign 5.0"?

A) ₹200 crore B) ₹350 crore C) ₹550 crore D) ₹700 crore

10. The Mera Yuva Bharat (MY Bharat) platform was originally launched on which date?

A) October 1, 2023 B) October 31, 2023 C) October 1, 2025 D) October 31, 2025

11. When was the MY Bharat Mobile App, featuring AI-driven chatbots and multilingual support, launched?

A) October 31, 2023 B) October 1, 2024 C) October 1, 2025 D) October 31, 2025

12. What is the primary target age group for the Mera Yuva Bharat (MY Bharat) platform?

A) 10-19 years B) 15-29 years C) 18-35 years D) 20-40 years

13. The PM SHRI scheme aims to upgrade government schools under which national policy?

A) National Skill Development Policy B) National Health Policy C) National Education Policy (NEP) 2020 D) National Digital India Policy

14. Which of the following is NOT mentioned as a modern facility PM SHRI schools are equipped with?

A) Smart classrooms B) Atal Tinkering & Innovation Labs C) Digital libraries D) Dedicated sports academies

15. According to Kerala Finance Minister K.N. Balagopal, what is the maximum amount of assistance each household is expected to receive under the new welfare schemes effective November 1, 2025?

A) Up to ₹5,000 B) Up to ₹6,000 C) Up to ₹7,000 D) Up to ₹10,000

ALL TN Comp Exams Prep

India Rolls Out Major Financial Policy Changes, Concludes Special Campaign 5.0, and Expands Youth Engagement Platform

Your Score: 0 / 0

1. What is the fee for an adult to update their biometric information (fingerprints or iris scans) on their Aadhaar card, effective November 1, 2025?

2. For how long has the ₹125 fee for mandatory biometric updates for children's Aadhaar cards been waived by UIDAI, effective November 1, 2025?

3. According to the amendments to the Banking Laws Act effective November 1, 2025, what is the maximum number of individuals a bank customer can nominate for a single account or locker?

4. Which of the following GST slab rates were removed as part of the new two-slab system effective November 1, 2025?

5. What is the new GST rate introduced for luxury and sin goods under the revamped system effective November 1, 2025?

6. Central government employees seeking to transition from the National Pension System (NPS) to the Unified Pension Scheme (UPS) have until which date to complete the process?

7. From November 1, 2025, what is the typical timeframe for automatic approval of new GST registrations for most applicants?

8. Which government department spearheaded the "Special Campaign 5.0" that concluded on October 31, 2025?

9. What was the approximate revenue generated from the disposal of scrap and e-waste during the "Special Campaign 5.0"?

10. The Mera Yuva Bharat (MY Bharat) platform was originally launched on which date?

11. When was the MY Bharat Mobile App, featuring AI-driven chatbots and multilingual support, launched?

12. What is the primary target age group for the Mera Yuva Bharat (MY Bharat) platform?

13. The PM SHRI scheme aims to upgrade government schools under which national policy?

14. Which of the following is NOT mentioned as a modern facility PM SHRI schools are equipped with?

15. According to Kerala Finance Minister K.N. Balagopal, what is the maximum amount of assistance each household is expected to receive under the new welfare schemes effective November 1, 2025?

India Rolls Out Major Financial Policy Changes, Concludes Special Campaign 5.0, and Expands Youth Engagement Platform

Your Score: 0 / 0

1. What is the fee for an adult to update their biometric information (fingerprints or iris scans) on their Aadhaar card, effective November 1, 2025?

2. For how long has the ₹125 fee for mandatory biometric updates for children's Aadhaar cards been waived by UIDAI, effective November 1, 2025?

3. According to the amendments to the Banking Laws Act effective November 1, 2025, what is the maximum number of individuals a bank customer can nominate for a single account or locker?

4. Which of the following GST slab rates were removed as part of the new two-slab system effective November 1, 2025?

5. What is the new GST rate introduced for luxury and sin goods under the revamped system effective November 1, 2025?

6. Central government employees seeking to transition from the National Pension System (NPS) to the Unified Pension Scheme (UPS) have until which date to complete the process?

7. From November 1, 2025, what is the typical timeframe for automatic approval of new GST registrations for most applicants?

8. Which government department spearheaded the "Special Campaign 5.0" that concluded on October 31, 2025?

9. What was the approximate revenue generated from the disposal of scrap and e-waste during the "Special Campaign 5.0"?

10. The Mera Yuva Bharat (MY Bharat) platform was originally launched on which date?

11. When was the MY Bharat Mobile App, featuring AI-driven chatbots and multilingual support, launched?

12. What is the primary target age group for the Mera Yuva Bharat (MY Bharat) platform?

13. The PM SHRI scheme aims to upgrade government schools under which national policy?

14. Which of the following is NOT mentioned as a modern facility PM SHRI schools are equipped with?

15. According to Kerala Finance Minister K.N. Balagopal, what is the maximum amount of assistance each household is expected to receive under the new welfare schemes effective November 1, 2025?

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