1. Fino Payments Bank became the first Payments Bank in India to receive RBI’s in-principle approval to convert into a ___?

A) Commercial Bank
B) Small Finance Bank
C) Universal Bank
D) Regional Rural Bank

Answer: B) Small Finance Bank
Explanation: RBI granted Fino Payments Bank approval to convert into an SFB, making it the first payments bank to receive such permission.

1. LIC recently launched Protection Plus (Plan 886). What type of product is it?

A) Guaranteed return plan
B) Pure risk cover plan
C) Market-linked insurance plan
D) Endowment plan

Answer: B) Pure risk cover plan
Explanation: Protection Plus (Plan 886) provides pure life-risk coverage without savings components.

1. Which department released the Quarterly FDI Inflow Fact Sheet for India?

A) NITI Aayog
B) DPIIT
C) Ministry of Finance
D) RBI

Answer: B) DPIIT
Explanation: DPIIT under the Ministry of Commerce & Industry publishes quarterly FDI updates.

1. The Government of India launched a new initiative to evaluate India’s standing across how many global indices?

A) 10
B) 15
C) 26
D) 30

Answer: C) 26
Explanation: The initiative aims to track India’s performance in 26 global indicators to improve global competitiveness.

1. RBI launched the National Strategy for Financial Inclusion (NSFI) 2025–30 during which meeting?

A) Monetary Policy Committee Meeting
B) FSDC-SC 32nd Meeting
C) RBI Board Meeting
D) SEBI-RBI Joint Meeting

Answer: B) FSDC-SC 32nd Meeting
Explanation: The NSFI 2025–30 was officially released during the 32nd meeting of the Financial Stability and Development Council Sub-Committee.