8. Rising billionaire wealth primarily raises concerns related to:
A. Inflation targeting
B. Wealth concentration & inequality
C. Fiscal deficit reduction
D. Trade deficits
✅ Answer: B. Wealth concentration & inequality
Explanation:
Record wealth accumulation often features in debates on income disparity & capital concentration .
9. RBI’s review of UCB lending rules mainly relates to:
A. Foreign investment
B. Cooperative banking stability
C. Taxation reforms
D. Digital currencies
✅ Answer: B. Cooperative banking stability
Explanation:
Addresses credit risk management & prudential regulation .
10. Business Correspondents (BCs) are central to:
A. Capital market operations
B. Financial inclusion outreach
C. Corporate taxation
D. Monetary transmission
✅ Answer: B. Financial inclusion outreach
Explanation:
BCs provide last-mile banking services in underserved areas.
11. RBI harmonisation of recovery agent regulations aims to:
A. Increase loan interest rates
B. Protect borrower rights
C. Promote digital currencies
D. Expand foreign banks
✅ Answer: B. Protect borrower rights
Explanation:
Ensures ethical debt recovery & consumer protection .
12. Kisan Credit Card (KCC) scheme is primarily linked to:
A. Urban housing
B. Agricultural credit support
C. Export financing
D. Pension schemes
✅ Answer: B. Agricultural credit support
Explanation:
Facilitates short-term crop loans & working capital for farmers.
13. Payment Aggregator (PA) authorisation by RBI relates to:
A. Banking mergers
B. Digital payment intermediaries
C. Insurance regulation
D. Stock exchanges
✅ Answer: B. Digital payment intermediaries
Explanation:
PAs enable merchant payment processing infrastructure .
14. Braille-enabled credit cards primarily reflect:
A. Banking profitability
B. Accessibility & inclusive finance
C. Risk management
D. Tax incentives
✅ Answer: B. Accessibility & inclusive finance
Explanation:
Supports financial empowerment for visually impaired users .
15. MSME gold loan products represent which credit model?
A. Unsecured lending
B. Collateral-based lending
C. Venture financing
D. Subsidised lending
✅ Answer: B. Collateral-based lending
Explanation:
Loans secured against gold assets reduce lender risk .