Answer: D. ECLGS began in 2020 because of COVID-19; the 2026 version 5.0 is the first one set off by a geopolitical crisis rather than a pandemic.
2. How is the guarantee cover structured under ECLGS 5.0?
Answer: A. MSMEs get a full guarantee, whereas non-MSMEs and airlines are covered to the extent of 90%.
3. Consider these statements on Project 17A: 1. It covers Nilgiri-class stealth frigates. 2. Its indigenisation is 100%. 3. INS Mahendragiri belongs to it. Which are correct?
Answer: D. The project covers Nilgiri-class frigates and includes INS Mahendragiri, but indigenous content is around 75% and not the full 100%.
4. Project Deepak relates to which of these?
Answer: B. It is an initiative of the BRO centred on building strategic roads in Himachal Pradesh.
5. In what year was the Border Roads Organisation set up?
Answer: E. BRO came into being on 7 May 1960 to build infrastructure in border regions.
6. What is the UDGAM Portal chiefly used for?
Answer: D. UDGAM lets people trace unclaimed deposits held across several banks, though the claims themselves are not processed there.
7. How many years must pass before unclaimed deposits move to the DEAF fund?
Answer: A. After 10 years of lying unclaimed, funds are moved into the DEAF corpus that the RBI maintains.
8. What is the longest period for which a bank may hold acquired assets under RBI's SNFA framework?
Answer: D. The 7-year cap is meant to stop banks from turning into holders of real estate.
9. OBPPs are best described as:
Answer: B. OBPPs are SEBI-registered platforms through which retail investors can buy and sell bonds online.
10. What is the present yearly ceiling for individuals under the Liberalised Remittance Scheme?
Answer: E. The RBI lets an individual remit up to USD 250,000 in each financial year under the scheme.
11. Which body issues the credit guarantee under ECLGS 5.0 to member lending institutions?
Answer: C. NCGTC provides the guarantee under ECLGS 5.0.
12. Project 17A of the Indian Navy involves building how many Nilgiri-class frigates?
Answer: D. It is a ₹45,000-crore programme for seven stealth frigates.
13. Where is the headquarters of Project Deepak of the Border Roads Organisation located?
Answer: B. Project Deepak is headquartered in Shimla, Himachal Pradesh.
14. What is the main purpose of the RBI's UDGAM portal?
Answer: A. UDGAM helps find unclaimed deposits; claims are settled with banks.
15. Under the RBI's May 2026 draft norms on SNFAs, what is the maximum period a bank may hold an acquired asset?
Answer: C. The asset must be sold within seven years.