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6 questions

  • Science & Tech25 Apr 2026

    The Late Payment Surcharge Rules of 2022 were introduced primarily to address:

    1. A.Late tax filings by renewable companies
    2. B.Timely DISCOM payments to power generators including renewable sector
    3. C.Late filing of consumer electricity bills
    4. D.Late submission of subsidy claims
    Show solution

    Answer: B. Timely DISCOM payments to power generators including renewable sector

    The Late Payment Surcharge Rules of 2022 were introduced by the Ministry of Power to ensure timely DISCOM (Distribution Company) payments to power generators — including renewable sector generators. The rules impose graduated surcharges on overdue payments and are a key tool for renewable sector financial discipline alongside DISCOM reforms like UDAY (2015) and RDSS (2021-26).

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  • Science & Tech25 Apr 2026

    Under India's Panchamrit climate commitments at COP26 Glasgow (November 2021), the target for non-fossil energy capacity by 2030 is:

    1. A.100 GW
    2. B.300 GW
    3. C.450 GW
    4. D.500 GW
    Show solution

    Answer: D. 500 GW

    Under the Panchamrit pledges at COP26 Glasgow (November 2021), PM Modi committed India to achieving 500 GW of non-fossil energy capacity by 2030. The 100 GW figure refers to the wind-specific target by 2030 within this broader 500 GW commitment.

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  • Economy & Banking25 Apr 2026

    Reserve Bank of India (RBI) typically uses forex reserves for which of the following purposes? (Select the most comprehensive answer)

    1. A.Only managing rupee volatility
    2. B.Only servicing external debt
    3. C.Only ensuring import cover
    4. D.Managing rupee volatility, ensuring import cover, servicing external debt, supporting investor confidence, and buffering external shocks
    Show solution

    Answer: D. Managing rupee volatility, ensuring import cover, servicing external debt, supporting investor confidence, and buffering external shocks

    RBI uses forex reserves for multiple purposes: (1) managing rupee volatility through dollar sales/purchases; (2) ensuring adequate import cover (3-6 months minimum, India typically 10-12 months); (3) servicing external debt obligations; (4) supporting investor confidence and sovereign credit ratings; (5) buffering against capital-flow reversals and external shocks. All of these together make forex reserves a comprehensive macro-stability tool.

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  • Economy & Banking25 Apr 2026

    FASTag and NCMC services — both of which were prohibited for PPBL in January 2024 — are operated by:

    1. A.RBI directly
    2. B.Ministry of Finance
    3. C.National Payments Corporation of India (NPCI)
    4. D.Securities and Exchange Board of India (SEBI)
    Show solution

    Answer: C. National Payments Corporation of India (NPCI)

    FASTag (electronic toll collection on national highways under the National Electronic Toll Collection or NETC framework) and NCMC ('One Nation One Card' launched March 2019) are both operated by the National Payments Corporation of India (NPCI). NPCI is the umbrella organisation for retail payments, established in 2008 as a Section 8 not-for-profit company.

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  • Economy & Banking25 Apr 2026

    Which of the following is a key restriction on payments banks in India that distinguishes them from commercial banks?

    1. A.Cannot accept demand deposits
    2. B.Cannot offer credit/loans
    3. C.Cannot issue debit cards
    4. D.Cannot facilitate digital payments
    Show solution

    Answer: B. Cannot offer credit/loans

    Payments banks CANNOT offer credit/loans — this is a key restriction distinguishing them from commercial banks and small finance banks. Payments banks CAN: accept demand deposits up to ₹2 lakh per customer, issue ATM/debit cards, facilitate payments and remittances, distribute non-risk-sharing financial products (mutual funds, insurance, pension).

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  • Economy & Banking25 Apr 2026

    For the week ended 17 April 2026, India's Foreign Currency Assets (FCA) — the largest component of forex reserves — stood at:

    1. A.$417.46 billion
    2. B.$497.46 billion
    3. C.$557.46 billion
    4. D.$617.46 billion
    Show solution

    Answer: C. $557.46 billion

    Foreign Currency Assets (FCA) stood at $557.46 billion for the week ended 17 April 2026 — up $1.48 billion week-on-week. FCA is typically about 80% of India's total forex reserves and includes foreign currencies, deposits with foreign central banks and BIS, and foreign government securities (mainly US Treasuries).

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