Q1. The Atal Vichal Agragami Assam Programme is primarily aimed at:
A. Providing startup grants to rural entrepreneurs
B. Offering monthly financial assistance to research scholars
C. Promoting vocational education in Assam
D. Funding private universities
Answer: B
Explanation:
The scheme provides monthly financial assistance to research scholars , strengthening state-level R&D capacity , academic retention, and innovation—aligned with NEP 2020 and the Atmanirbhar knowledge economy .
Q2. The Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026 were issued under:
A. RBI Act, 1934
B. Foreign Trade (Development & Regulation) Act, 1992
C. FEMA, 1999
D. Customs Act, 1962
Answer: C
Explanation:
The regulations are issued under FEMA, 1999 , focusing on uniform timelines and enhanced monitoring of export-import related foreign exchange transactions.
Q3. Which of the following is a key objective of the NIRYAT PROTSAHAN component under the Export Promotion Mission?
A. Export insurance coverage
B. Interest subvention on export credit
C. Duty-free capital goods import
D. Currency hedging support
Answer: B
Explanation:
NIRYAT PROTSAHAN provides interest subvention on pre- and post-shipment export credit , improving MSME export competitiveness .
Q4. ZET has received approval from NPCI to operate as:
A. Payment Aggregator (PA)
B. Bharat BillPay Unit (BBPU)
C. Third Party Application Provider (TPAP)
D. White-label ATM operator
Answer: C
Explanation:
TPAPs operate customer-facing apps on the UPI ecosystem (like PhonePe, Google Pay). ZET’s approval reflects controlled expansion of digital payments.
Q5. Razorpay POS has received RBI authorisation to operate as:
A. Online Payment Gateway
B. Cross-border Payment Aggregator
C. Offline Payment Aggregator (PA-P)
D. Digital Wallet Issuer
Answer: C
Explanation:
PA-P (Offline) authorisation allows Razorpay POS to handle in-person digital payments , expanding regulated offline fintech infrastructure.
Q6. Payoneer India has received in-principle RBI approval to operate as:
A. Authorised Dealer Category-I
B. Cross-Border Payment Aggregator
C. International Remittance Bank
D. Export Credit Agency
Answer: B
Explanation:
PA-CB status enables regulated cross-border payment aggregation , critical for freelancers, exporters, and global services trade.
Q7. AI-powered Video KYC adopted by Suryoday Small Finance Bank primarily strengthens:
A. Credit scoring accuracy
B. Financial inclusion and AML compliance
C. Loan recovery