Consider the following statements regarding the Account Aggregator (AA) framework in India:1.Account Aggregators act as data intermediaries and are legally permitted to view and store customer data for analytical purposes.2.The Reserve Bank of India has allowed interoperability across Account Aggregators to broaden financial data sharing.Which of the statements given above is/are correct?
UPSC · current affairs quiz
Daily news quiz · 8 October 2026
Prelims-style MCQs from the 8 October 2026 daily news summary. Choose an option to see if you are right — two questions on each topic.
With reference to the financial data sharing ecosystem, what is the role of a Financial Information Provider (FIP)?
Consider the following statements regarding foreign exchange regulations in India:1.The Foreign Exchange Management Act (FEMA) classifies violations as criminal offenses, similar to the erstwhile FERA.2.The Reserve Bank of India recently exempted personal service foreign exchange transactions from mandatory reporting under FEMA rules.Which of the statements given above is/are correct?
In the context of the Foreign Exchange Management Act (FEMA), what is a 'Current Account Transaction'?
Consider the following statements regarding the Ganga Water Treaty and related infrastructure:1.Bangladesh river experts called for updating the 1996 Ganga Water Treaty to incorporate ecological flow provisions and water supply guarantees.2.The Farakka Barrage is situated in Assam near the border with Bhutan to divert river water.Which of the statements given above is/are correct?
What does the term 'Ecological Flow' refer to in the context of transboundary rivers?
Consider the following statements regarding economic data compilation in India:1.The Ministry of Statistics and Programme Implementation (MoSPI) plans to expand the monthly Services Sector Index to cover 80% of the sector's Gross Value Added (GVA).2.The Reserve Bank of India compiles national GDP and GVA estimates in India instead of MoSPI.Which of the statements given above is/are correct?
What is the primary economic definition of Gross Value Added (GVA)?
Consider the following statements regarding gig economy workers in India:1.Gig workers are legally defined under the Code on Social Security, 2020.2.The Ministry of Rural Development is the nodal agency responsible for enforcing occupational safety and health standards for platform workers.Which of the statements given above is/are correct?
How is a 'Gig Worker' generally characterized under current Indian labor frameworks?