Consider the following statements regarding the Payment and Settlement Systems Act, 2007:1.The Act empowers the Ministry of Finance as the primary payment regulator in India.2.The recent government notification bars bank charges on digital transactions up to Rs 2,000 via UPI and RuPay debit cards.Which of the statements given above is/are correct?
UPSC · current affairs quiz
Daily news quiz · 15 September 2026
Prelims-style MCQs from the 15 September 2026 daily news summary. Choose an option to see if you are right — two questions on each topic.
What is the primary function of the Merchant Discount Rate (MDR) as referred to in digital payment regulations?
Consider the following statements regarding Open Market Operations (OMOs) conducted by the Reserve Bank of India:1.OMO bond sales by the central bank inject liquidity into the commercial banking system.2.OMO bond sales are utilized to absorb persistent banking surplus liquidity and tighten short-term interest rates.Which of the statements given above is/are correct?
In the context of central banking operations, which of the following best describes a 'Forex Swap'?
Consider the following statements regarding India's trade pacts:1.The India-MERCOSUR pact is structured as a Comprehensive Economic Cooperation Agreement (CECA).2.India and MERCOSUR signed the First Additional Protocol to introduce Electronic Certificates of Origin.Which of the statements given above is/are correct?
What is the primary purpose of establishing 'Rules of Origin' in international trade agreements like PTAs?
Consider the following statements regarding the Atal Pension Yojana (APY):1.APY is exclusively open to organized sector employees drawing a salary above tax thresholds.2.The scheme is open to all unorganised sector bank account holders between 18 and 40 years of age.Which of the statements given above is/are correct?
Which statutory body is responsible for regulating and promoting pension funds in India, including framing guidelines for schemes like Atal Pension Yojana?
Consider the following statements regarding the Surat Emissions Trading Scheme (ETS):1.Surat ETS was established as the world's first cap-and-trade market targeting particulate matter emissions.2.The scheme relies entirely on manual quarterly inspections by the Ministry of Rural Development without electronic monitoring.Which of the statements given above is/are correct?
What does the term 'Cap-and-Trade' signify in the context of environmental policy frameworks?