Current Affairs - Part 6 (50 Questions)

Question 1 of 50 Marks: 2.0

Negative: 0.25

RBI consolidated its regulatory framework into how many function-specific Master Directions?

238 138 338 188

Question 2 of 50 Marks: 2.0

Negative: 0.25

The overall investment limit for Individual Persons Resident Outside India (PROIs) under the PIS has been proposed to increase to:

20% 24% 26% 15%

Question 3 of 50 Marks: 2.0

Negative: 0.25

Under the new customs system, goods without compliance requirements will be cleared:

After seven working days Immediately after online registration and duty payment After Cabinet approval After physical inspection

Question 4 of 50 Marks: 2.0

Negative: 0.25

Which reform contributes most to reducing physical interaction between businesses and government?

Offline licensing Digital platforms Manual verification Paper records

Question 5 of 50 Marks: 2.0

Negative: 0.25

Under the Portfolio Investment Scheme (PIS), the investment limit for an individual Person Resident Outside India (PROI) has been proposed to increase from:

2% to 5% 5% to 10% 15% to 20% 10% to 15%

Question 6 of 50 Marks: 2.0

Negative: 0.25

Which type of governance has significantly reduced paperwork for businesses?

Paper-based administration Manual governance Offline approvals Digital governance

Question 7 of 50 Marks: 2.0

Negative: 0.25

The Credit Guarantee Scheme for Micro and Small Enterprises (CGTMSE) provides credit support up to:

₹15 crore ₹20 crore ₹5 crore ₹10 crore

Question 8 of 50 Marks: 2.0

Negative: 0.25

The Sabka Bima, Sabki Raksha (Amendment of Insurance Laws) Act was enacted in:

2026 2025 2023 2024

Question 9 of 50 Marks: 2.0

Negative: 0.25

Which feature is essential for a competitive business ecosystem?

Frequent policy uncertainty Transparent regulations Complex procedures High compliance costs

Question 10 of 50 Marks: 2.0

Negative: 0.25

Which category of enterprises has received special attention in India's reform agenda?

MSMEs and startups Only multinational corporations Only public sector undertakings Only large industries

Question 11 of 50 Marks: 2.0

Negative: 0.25

Which of the following is NOT a benefit available to DPIIT-recognised startups?

Simplified compliance procedures Fast-tracked Intellectual Property Rights (IPR) processing Automatic government equity investment Tax incentives

Question 12 of 50 Marks: 2.0

Negative: 0.25

Business reforms contribute to employment primarily by:

Reducing manufacturing Increasing import dependence Encouraging enterprise growth Discouraging investment

Question 13 of 50 Marks: 2.0

Negative: 0.25

Which is a direct benefit of simplified compliance procedures?

Reduced compliance burden Higher compliance costs Reduced entrepreneurship Longer approval timelines

Question 14 of 50 Marks: 2.0

Negative: 0.25

Business reforms ultimately aim to strengthen India's:

Manufacturing ecosystem Economic competitiveness All of the above Investment climate

Question 15 of 50 Marks: 2.0

Negative: 0.25

One of the major outcomes of business reforms has been:

Reduced digital adoption Greater transparency Lower industrial productivity Higher transaction costs

Question 16 of 50 Marks: 2.0

Negative: 0.25

Under the Startup India initiative, startup recognition is granted by which department?

Ministry of MSME Department of Revenue Department for Promotion of Industry and Internal Trade (DPIIT) NITI Aayog

Question 17 of 50 Marks: 2.0

Negative: 0.25

Between 1 April and 30 November 2025, MSME loan applications processed under CAM exceeded:

₹5 lakh crore ₹2 lakh crore ₹3.2 lakh crore ₹4.5 lakh crore

Question 18 of 50 Marks: 2.0

Negative: 0.25

The primary objective of business environment reforms in India has been to:

Restrict private sector participation Reduce industrial production Promote ease of doing business and investment Increase import dependence

Question 19 of 50 Marks: 2.0

Negative: 0.25

Regulatory reforms aimed at enhancing Ease of Doing Business have focused on:

All of the above Capacity-building Trust-based governance Regulatory coherence

Question 20 of 50 Marks: 2.0

Negative: 0.25

Which of the following is most likely to attract Foreign Direct Investment (FDI)?

Complicated approvals Frequent policy changes Stable regulatory environment High compliance burden

Question 21 of 50 Marks: 2.0

Negative: 0.25

A predictable policy environment mainly helps:

Reduce exports Increase uncertainty Improve investor confidence Increase inflation

Question 22 of 50 Marks: 2.0

Negative: 0.25

The IRDAI approval threshold for share transfers has been increased from:

1% to 5% 5% to 10% 15% to 20% 10% to 15%

Question 23 of 50 Marks: 2.0

Negative: 0.25

Under the revised framework, the maximum guarantee coverage under CGTMSE has been enhanced to:

₹15 crore ₹25 crore ₹20 crore ₹10 crore

Question 24 of 50 Marks: 2.0

Negative: 0.25

Which initiative provides a single interconnected digital window for cargo clearance approvals?

Startup India Trade and Investment Facilitation PM Vishwakarma PM Gati Shakti

Question 25 of 50 Marks: 2.0

Negative: 0.25

During the same period, loans sanctioned under CAM amounted to more than:

₹41.5 thousand crore ₹21.5 thousand crore ₹51.5 thousand crore ₹31.5 thousand crore

Question 26 of 50 Marks: 2.0

Negative: 0.25

The Customs Integrated System (CIS) is proposed to be rolled out within:

Two years Five years One year Three years

Question 27 of 50 Marks: 2.0

Negative: 0.25

How many RBI circulars have been consolidated into Master Circulars?

5,809 2,809 3,809 4,809

Question 28 of 50 Marks: 2.0

Negative: 0.25

The Net Owned Fund requirement for foreign reinsurers has been reduced from:

₹3,000 crore to ₹1,000 crore ₹6,000 crore to ₹2,000 crore ₹5,000 crore to ₹1,000 crore ₹4,000 crore to ₹2,000 crore

Question 29 of 50 Marks: 2.0

Negative: 0.25

Policy reforms are expected to improve India's position in:

Economic resilience Business competitiveness All of the above Investment attractiveness

Question 30 of 50 Marks: 2.0

Negative: 0.25

The insurance sector FDI limit has been increased to:

74% 49% 90% 100%

Question 31 of 50 Marks: 2.0

Negative: 0.25

The Credit Assessment Model (CAM) introduced by Public Sector Banks is mainly based on:

Credit card transactions only Income tax raids Digital footprints of MSMEs Manual field inspections

Question 32 of 50 Marks: 2.0

Negative: 0.25

Which among the following is NOT a characteristic of an efficient business environment?

Excessive procedural delays Digital service delivery Predictability Transparency

Question 33 of 50 Marks: 2.0

Negative: 0.25

Startup India was launched primarily to:

Build a robust startup ecosystem promoting innovation and employment Increase customs duty Increase import substitution Privatise public sector enterprises

Question 34 of 50 Marks: 2.0

Negative: 0.25

Which factor has been identified as a major driver of India's improved business ecosystem?

Regulatory simplification Policy stability All of the above Digital governance

Question 35 of 50 Marks: 2.0

Negative: 0.25

Which sector benefits the most from simplified regulatory approvals?

MSMEs All of the above Manufacturing Services

Question 36 of 50 Marks: 2.0

Negative: 0.25

RBI identified __ circulars as obsolete during its regulatory simplification exercise.

6,173 4,673 5,173 5,673

Question 37 of 50 Marks: 2.0

Negative: 0.25

The Credit Assessment Model (CAM) for MSMEs was launched in:

2023 2024 2026 2025

Question 38 of 50 Marks: 2.0

Negative: 0.25

Which of the following is a major objective of regulatory reforms?

Increasing compliance burden Improving investor confidence Reducing exports Reducing transparency

Question 39 of 50 Marks: 2.0

Negative: 0.25

Which statement best summarizes India's business reform strategy?

Restrict private investment. Discourage foreign investment. Promote transparent, technology-driven and investment-friendly governance. Increase regulations for all businesses.

Question 40 of 50 Marks: 2.0

Negative: 0.25

India's reform approach focuses on balancing:

All of the above Growth and governance Investment and transparency Innovation and regulation

Question 41 of 50 Marks: 2.0

Negative: 0.25

As of February 2026, India had approximately how many DPIIT-recognised startups?

1.75 lakh 1.25 lakh Over 2.16 lakh Over 3 lakh

Question 42 of 50 Marks: 2.0

Negative: 0.25

A total of how many RBI circulars are being repealed under the simplification exercise?

7,446 8,446 9,446 10,446

Question 43 of 50 Marks: 2.0

Negative: 0.25

Under the phased customs modernisation plan, the Government aims to scan:

Only hazardous cargo Every imported container at airports only Every export consignment only Every container across all major ports

Question 44 of 50 Marks: 2.0

Negative: 0.25

RBI has consolidated more than __ circulars and guidelines into Master Directions.

9,000 5,000 12,000 7,000

Question 45 of 50 Marks: 2.0

Negative: 0.25

The expanded use of non-intrusive scanning in customs will primarily rely on:

Blockchain technology Artificial Intelligence and advanced imaging Quantum computing Satellite communication

Question 46 of 50 Marks: 2.0

Negative: 0.25

SEBI aligned the guidelines for issuance and listing of securitised debt instruments with the norms of:

NABARD IRDAI Ministry of Finance Reserve Bank of India

Question 47 of 50 Marks: 2.0

Negative: 0.25

RBI simplified instructions for Regional Rural Banks and Cooperative Banks in coordination with:

SEBI EXIM Bank SIDBI NABARD

Question 48 of 50 Marks: 2.0

Negative: 0.25

Which principle best reflects India's business reform strategy?

Import substitution alone Maximum regulation Minimum government, maximum governance Complete privatization

Question 49 of 50 Marks: 2.0

Negative: 0.25

The Credit Guarantee Scheme for Exporters (CGSE) provides additional collateral-free credit support of up to:

₹15,000 crore ₹10,000 crore ₹5,000 crore ₹20,000 crore

Question 50 of 50 Marks: 2.0

Negative: 0.25

Business reforms mainly aim to encourage:

Employment generation All of the above Entrepreneurship Innovation

Current Affairs - Part 6 (50 Questions)

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