C. Credit expansion, efficiency, and governance
D. Conversion into NBFCs
Answer: C. Credit expansion, efficiency, and governance
Explanation:
RBI’s initiatives aim to strengthen cooperative banking through improved operations and institutional capacity.
8.
Which bank became the first custodian in India to issue an FPI licence via complete e-signature onboarding?
A. ICICI Bank
B. SBI
C. Kotak Mahindra Bank
D. Axis Bank
Answer: C. Kotak Mahindra Bank
Explanation:
The move reflects digitisation of capital market processes and faster investor onboarding.
9.
HDFC Life partnered with which NBFC to expand insurance distribution?
A. Bajaj Finserv
B. Muthoot FinCorp
C. L&T Finance
D. Mahindra Finance
Answer: B. Muthoot FinCorp
Explanation:
The partnership aims to increase insurance penetration through NBFC distribution channels.
10.
The Offshore Areas Mineral Rules, 2026 were notified by:
A. Ministry of Steel
B. Ministry of Mines
C. Ministry of Environment
D. Ministry of Power
Answer: B. Ministry of Mines
Explanation:
These rules regulate illegal extraction, storage, and transport of offshore minerals to strengthen mineral governance.
11.
Which port became the first in India to initiate installation of an advanced anti-drone system?
A. Mumbai Port
B. Paradip Port
C. V.O. Chidambaranar Port
D. Kandla Port
Answer: C. V.O. Chidambaranar Port
Explanation:
The system enhances security of critical maritime infrastructure against drone threats.
12.
India and the USA agreed on a framework for an Interim Trade Agreement as a step toward:
A. Regional Comprehensive Economic Partnership
B. Bilateral Trade Agreement
C. SAFTA
D. WTO Reform
Answer: B. Bilateral Trade Agreement
Explanation:
The ITA framework is an intermediate step to negotiate a comprehensive India–USA BTA.
13.
Who was appointed Managing Director of IIFCL?
A. Tuhin Kanta Pandey
B. Rohit Rishi
C. Ashwini Vaishnaw
D. Rajiv Kumar
Answer: B. Rohit Rishi
Explanation:
His appointment is relevant to governance in infrastructure financing institutions.
14.
The proposed merger between PFC and REC aims to:
A. Reduce infrastructure financing
B. Improve capital efficiency