Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2026 of 10th February 2026. Daily GK quiz online for bank & competitive exam. Here we have given the Daily Current Affairs Quiz based on the previous days Daily Current Affairs updates. Candidates preparing for IBPS, SBI, RBI, RRB, SSC Exam 2026 & other competitive exams can make use of these Current Affairs Quiz.

 

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1) From which date will the Deposit Insurance and Credit Guarantee Corporation (DICGC) implement the Risk-Based Premium (RBP) framework for deposit insurance?

(a) May 1, 2026

(b) April 1, 2026

(c) June 1, 2026

(d) April 1, 2027

(e) January 1, 2026

2) Why has the Reserve Bank of India (RBI) released draft rules for derivatives on credit indices and total return swaps (TRS) linked to corporate bonds?

(a) To replace government securities with corporate bonds

(b) To deepen and improve liquidity in the corporate bond market

(c) To allow foreign banks to control Indian bond markets

(d) To eliminate interest rate risk in the banking system

(e) To introduce cryptocurrency-based bond trading

3) The Reserve Bank of India (RBI) has proposed exempting certain NBFCs from mandatory registration. This exemption will apply to NBFCs having assets below which of the following limits?

(a) ₹500 crore

(b) ₹750 crore

(c) ₹1,500 crore

(d) ₹1,000 crore

(e) ₹5,000 crore

4)  Which of the following statements about the 59th Monetary Policy Committee (MPC) meeting (February 2026) are correct?

1. The MPC reduced the policy repo rate by 25 basis points to 5.25%.
2. The Standing Deposit Facility (SDF) rate is now 5.00%.
3. The Marginal Standing Facility (MSF) rate is 5.75%.
4. The Bank Rate is set at 5.00%.

(a) 1 and 2 only

(b) 1, 2 and 3 only

(c) 1 and 4 only

(d) 1, 2 and 4 only

(e) 1, 2, 3 and 4

5) The monetary penalty imposed by the Reserve Bank of India on Vinayaka Capsec Private Limited was_______, levied for non-compliance with RBI directions on ‘Acquisition of Shareholding or Control’.

(a) ₹50,000

(b) ₹75,000

(c) ₹10 lakh

(d) ₹5 lakh

(e) ₹1 lakh

6) Which of the following initiatives was announced by the RBI to strengthen governance and build capacity in Urban Co-operative Banks (UCBs)?

(a) Mission SAKSHAM

(b) Mission UDAY

(c) Mission Shakti

(d) Mission Samarth

(e) Mission SAMPADA

7) s of 2026, Kotak Mahindra Bank Limited (KMBL) became the first custodian in India to issue an FPI licence using which method?

(a) Biometric authentication

(b) Physical documentation only

(c) Electronic signatures (e-signature)

(d) Video-based KYC

(e) Blockchain verification

8) As of 2026, HDFC Life has entered into a strategic partnership with which company?

(a) Manappuram Finance

(b) Muthoot FinCorp Limited

(c) Bajaj Finserv

(d) Shriram Finance

(e) IIFL Finance

9) The Self-Reliance in Pulses Mission was launched at the Food Legumes Research Centre (FLRP), Amlaha, is expected to particularly benefit farmers of which state?

(a) Uttar Pradesh

(b) Rajasthan

(c) Maharashtra

(d) Madhya Pradesh

(e) Gujarat

10) Under the Offshore Areas Mineral (Prevention of Illegal Mining and Transportation) Rules, 2026, which of the following activities is exempted from these rules?

(a) Commercial deep-sea mining

(b) Export of offshore minerals

(c) Storage of atomic minerals

(d) Non-commercial scientific and research activities

(e) Transportation of hydrocarbons

 

11) As of 2026, V.O. Chidambaranar (VOC) Port, which became the first port in India to install an advanced Anti-Drone System, is located in which state?

(a) Andhra Pradesh

(b) Kerala

(c) Tamil Nadu

(d) Gujarat

(e) Maharashtra


12) Under the Interim Trade Agreement (ITA) framework between India and the USA, what reciprocal tariff will the USA impose on certain Indian exports?

(a) 10%

(b) 12%

(c) 15%

(d) 25%

(e) 18%

13) Who has been appointed as the new Managing Director of Indian Infrastructure Finance Company Limited (IIFCL)?

(a) PR Jaishankar

(b) Rohit Rishi

(c) Sanjay Malhotra

(d) Ajay Bhadoo

(e) Shantanu Roy

14) Who was elected as the 107th member of the International Olympic Committee (IOC) during the 145th IOC Session in 2026?

(a) Soraya Aghaei Hajiagha

(b) Nita Ambani

(c) Nadia Nadim

(d) Fatima Sana

(e) Sanjay Malhotra

15) Which institution partnered with Unicorn India Ventures to launch the ‘IITM-Unicorn Frontier Fund I’?

(a) IIT Delhi

(b) IIT Madras

(c) IIT Bombay

(d) IISc Bengaluru

(e) NITI Aayog

16) Consider the following statements regarding global R&D spending in 2024:

1. China ranks first globally in R&D spending with $785.9 billion, accounting for 27.4% of the global share.
2. The United States relies mainly on centralized government funding for R&D.
3. Together, China and the United States account for about 54.7% of global R&D spending.
4. Japan ranks third globally in R&D spending with a 6.5% share.

Which of the statements given above is/are correct?

(a) 1, 3 and 4 only

(b) 1 and 2 only

(c) 2 and 3 only

(d) 1, 2, 3 and 4

(e) 3 only

17) The beta version of the Model Context Protocol (MCP) Server launched by the National Statistics Office (NSO) currently includes which of the following datasets?

(a) Periodic Labour Force Survey (PLFS)

(b) Consumer Price Index (CPI)

(c) Annual Survey of Industries (ASI)

(d) Index of Industrial Production (IIP)

(e) All of the above

18) The Department of Social Justice and Empowerment (DoSJE) signed an MoU with which organisation to provide free online coaching to 5,000 aspirants annually from SCs, OBCs, and PM CARES for Children beneficiaries?

(a) Byju’s Foundation

(b) Khan Academy India

(c) Physics Wallah (PW) Foundation

(d) Unacademy Foundation

(e) Tata Trusts

19) As of 2026, Power Finance Corporation (PFC) approved an in-principle merger with which public sector NBFC, as announced in the Union Budget 2026?

(a) Indian Renewable Energy Development Agency (IREDA)

(b) Rural Electrification Corporation (REC) Limited

(c) National Bank for Financing Infrastructure and Development (NaBFID)

(d) India Infrastructure Finance Company Limited (IIFCL)

(e) National Housing Bank (NHB)

20) In the news, the CAMELS framework is used to assess the financial health of banks. What does the letter “S” in CAMELS stand for?

(a) Sensitivity to Market Risk

(b) Solvency

(c) Stability

(d) Sustainability

(e) Supervision

Answers:

1) Answer: B

Short Explanation:

The Deposit Insurance and Credit Guarantee Corporation (DICGC), with the approval of the Reserve Bank of India (RBI), has issued guidelines for implementing a Risk-Based Premium (RBP) framework for deposit insurance.

Currently, all banks pay a uniform premium of 12 paise per ₹100 of assessable deposits (AD), irrespective of their risk profile or financial strength.

The DICGC, providing deposit insurance since 1962, will implement the RBP framework from April 1, 2026.

Detailed Explanation:

The Deposit Insurance and Credit Guarantee Corporation (DICGC), with the approval of the Reserve Bank of India (RBI), has issued guidelines for implementing a Risk-Based Premium (RBP) framework for deposit insurance.

Currently, all banks pay a uniform premium of 12 paise per ₹100 of assessable deposits (AD), irrespective of their risk profile or financial strength.

The DICGC, providing deposit insurance since 1962, will implement the RBP framework from April 1, 2026.

DICGC Act, 1961 [Section 15(1)] provides for differential premium rates for different categories of insured banks.

There will be two risk assessment models: Tier 1 Model for Scheduled Commercial Banks (excluding RRBs), based on supervisory ratings, quantitative assessment (CAMELS parameters), and potential loss to Deposit Insurance Fund (DIF); and Tier 2 Model for RRBs and Rural Cooperative Banks (StCBs, DCCBs, UCBs), based on quantitative assessment and potential loss to DIF.

2) Answer: B

Short Explanation:

The Reserve Bank of India (RBI) has released draft rules for derivatives on credit indices and total return swaps (TRS) linked to corporate bonds.

The objective is to deepen and improve liquidity in the corporate bond market, which is relatively small and illiquid compared to the government securities market.

The move follows the Union Budget 2026-27 proposal to introduce TRS on corporate bonds, enabling better credit risk management and fund-raising across rating categories.

Detailed Explanation:

The Reserve Bank of India (RBI) has released draft rules for derivatives on credit indices and total return swaps (TRS) linked to corporate bonds.

The objective is to deepen and improve liquidity in the corporate bond market, which is relatively small and illiquid compared to the government securities market.

The move follows the Union Budget 2026-27 proposal to introduce TRS on corporate bonds, enabling better credit risk management and fund-raising across rating categories.

A total return swap (TRS) allows one party to transfer the full economic return of a bond or index (including interest income and price changes) to another party, in exchange for a fixed or floating benchmark-linked payment.

The RBI has prescribed strict norms for benchmarks and indices, requiring them to be published by administrators authorised by RBI or SEBI, with settlement standards set by the Fixed Income Money Market and Derivatives Association of India (FIMMDA).

3) Answer: D

Short Explanation:

The Reserve Bank of India (RBI) has proposed exempting non-banking financial companies (NBFCs) with assets below ₹1,000 crore from mandatory registration, citing their low systemic risk.

This exemption will apply to non-deposit taking NBFCs with no public fund interface, under the Scale-Based Regulatory Framework.

Detailed Explanation:

The Reserve Bank of India (RBI) has proposed exempting non-banking financial companies (NBFCs) with assets below ₹1,000 crore from mandatory registration, citing their low systemic risk.

This exemption will apply to non-deposit taking NBFCs with no public fund interface, under the Scale-Based Regulatory Framework.

The move aims to reduce compliance burden and improve ease of doing business for smaller NBFCs.

RBI also plans to remove the requirement of prior approval for certain NBFCs to open more than 1,000 branches, enhancing operational flexibility.

NBFCs involved in gold loans and Investment & Credit Companies (ICCs) will still require RBI approval for branch expansion beyond specified limits.

These changes are expected to lower regulatory friction, allowing management to focus on credit delivery and risk management.

4) Answer: A

Short Explanation:

The 59th Monetary Policy Committee (MPC) meeting (6th bi-monthly of FY 2025–26) was held from 4–6 February 2026 under the chairmanship of Sanjay Malhotra, Governor, RBI.

The 59th Monetary Policy Committee (MPC) meeting (6th bi-monthly of FY 2025–26) was held from 4–6 February 2026 under the chairmanship of Sanjay Malhotra, Governor, RBI.

Detailed Explanation:

The 59th Monetary Policy Committee (MPC) meeting (6th bi-monthly of FY 2025–26) was held from 4–6 February 2026 under the chairmanship of Sanjay Malhotra, Governor, RBI.

The meeting was attended by MPC members Dr. Nagesh Kumar, Saugata Bhattacharya, Prof. Ram Singh, Dr. Poonam Gupta, and Indranil Bhattacharyya.

The MPC unanimously decided to reduce the policy repo rate by 25 basis points (bps) to 5.25% under the Liquidity Adjustment Facility (LAF).

Following the repo rate cut, the Standing Deposit Facility (SDF) rate stands at 5.00%, while the Marginal Standing Facility (MSF) rate and the Bank Rate are set at 5.50%.

5) Answer: E

The Reserve Bank of India (RBI) imposed a monetary penalty of ₹1 lakh on Vinayaka Capsec Private Limited.

The penalty was levied for non-compliance with RBI directions on ‘Acquisition of Shareholding or Control’.

The action was taken under Sections 58G(1)(b) and 58B(5)(aa) of the RBI Act, 1934.

 

6) Answer: A

Short Explanation:

The Reserve Bank of India (RBI) announced four regulatory and developmental measures to strengthen Urban Co-operative Banks (UCBs), focusing on credit expansion, efficiency, and capacity building.

To strengthen governance and skills, RBI announced Mission SAKSHAM (Sahakari Bank Kshamta Nirman) for institutional capacity building.

Detailed Explanation:

The Reserve Bank of India (RBI) announced four regulatory and developmental measures to strengthen Urban Co-operative Banks (UCBs), focusing on credit expansion, efficiency, and capacity building.

RBI Governor Sanjay Malhotra stated that these steps aim to improve credit delivery and operational flexibility in the UCB sector.

RBI proposed raising financial limits on unsecured loans and loans to nominal members, enabling UCBs to lend more freely to underserved segments.

The RBI also proposed removal of tenor and moratorium-related restrictions on housing loans for Tier III and Tier IV UCBs, easing regulatory constraints.

To strengthen governance and skills, RBI announced Mission SAKSHAM (Sahakari Bank Kshamta Nirman) for institutional capacity building.

7) Answer: C

Short Explanation:

Kotak Mahindra Bank Limited (KMBL) became the first custodian in India to issue a Foreign Portfolio Investor (FPI) licence and complete the entire onboarding process through electronic signatures (e-signature).

The milestone follows the Securities and Exchange Board of India (SEBI) operationalising a unified digital workflow in January 2026 for FPI registration and onboarding.

Detailed Explanation:

Kotak Mahindra Bank Limited (KMBL) became the first custodian in India to issue a Foreign Portfolio Investor (FPI) licence and complete the entire onboarding process through electronic signatures (e-signature).

The milestone follows the Securities and Exchange Board of India (SEBI) operationalising a unified digital workflow in January 2026 for FPI registration and onboarding.

The new system enables the use of Digital Signature Certificates (DSCs) and electronic signatures via the FPI Common Application Form (CAF) portal.

As per SEBI guidelines, DSCs used in the process must be issued by Indian certifying authorities in accordance with the Information Technology (IT) Act, 2000.

Prior to this full rollout, KMBL had already issued its first two FPI licences using completely digitally signed documentation, removing the requirement for physical paperwork and wet signatures.

8) Answer: B

HDFC Life has entered into a strategic partnership with Muthoot FinCorp Limited, the flagship company of the Muthoot Pappachan Group.

Through this tie-up, Muthoot FinCorp’s customers will gain access to HDFC Life’s group and individual life insurance products, including protection and long-term savings plans

9) Answer: D

Short Explanation:

The Self-Reliance in Pulses Mission was launched at the Food Legumes Research Centre (FLRP), Amlaha, with the goal of making India self-reliant in pulses production.

The programme was chaired by Union Agriculture Minister Shivraj Singh Chouhan as the Chief Guest.

Financial support will be provided through subsidies of up to ₹25 lakh per unit, along with incentives for cluster-based production, particularly benefiting farmers in Madhya Pradesh.

Detailed Explanation:

The Self-Reliance in Pulses Mission was launched at the Food Legumes Research Centre (FLRP), Amlaha, with the goal of making India self-reliant in pulses production.

The programme was chaired by Union Agriculture Minister Shivraj Singh Chouhan as the Chief Guest.

The primary objective of the mission is to end India’s dependence on pulse imports and transform the country into a pulse exporter by improving production, productivity, processing, and value addition.

It focuses on creating a complete value chain from seed to market, including seed reforms, cluster development, and measures to ensure fair prices for farmers.

Under the cluster-based model, the government plans to establish 1,000 pulse mills across India to strengthen processing capacity.

Financial support will be provided through subsidies of up to ₹25 lakh per unit, along with incentives for cluster-based production, particularly benefiting farmers in Madhya Pradesh.

10) Answer: D

Short Explanation:

The Ministry of Mines (MoM) notified the Offshore Areas Mineral (Prevention of Illegal Mining and Transportation) Rules, 2026, which came into immediate effect to regulate and prevent illegal mining, storage, transportation, and export of all offshore minerals except hydrocarbons.

Detailed Explanation:

The Ministry of Mines (MoM) notified the Offshore Areas Mineral (Prevention of Illegal Mining and Transportation) Rules, 2026, which came into immediate effect to regulate and prevent illegal mining, storage, transportation, and export of all offshore minerals except hydrocarbons.

The rules are issued under the Offshore Areas Mineral (Development and Regulation) Act, 2002 (OAMDR Act 2002) and exempt non-commercial scientific or research activities.

The rules extend the powers of the Indian Bureau of Mines (IBM) to the Atomic Minerals Directorate for Exploration and Research (AMD) for threshold-grade atomic minerals.

 

11) Answer: C

Short Explanation:

V.O. Chidambaranar (VOC) Port in Thoothukudi, Tamil Nadu becomes the first port in India to initiate installation of an advanced ‘Anti-Drone System’, enhancing protection of critical port infrastructure.

Detailed Explanation:

V.O. Chidambaranar (VOC) Port in Thoothukudi, Tamil Nadu becomes the first port in India to initiate installation of an advanced ‘Anti-Drone System’, enhancing protection of critical port infrastructure.

This initiative represents a major step in strengthening maritime and coastal security.

The project aims to bolster airspace surveillance, ensure adherence to emerging coastal defence norms, and enhance emergency response preparedness at the port.

The agreement for the project was signed by A. Ganesan, Chief Mechanical Engineer, VOC Port Authority (VOCPA), and Anurag Agarwal of Central Electronics Limited (CEL).

The project is expected to be completed within 3 months.

12) Answer: E

Short Explanation:

India and the United States of America (USA) agreed on a framework for an Interim Trade Agreement (ITA), marking a major step towards a full USA-India Bilateral Trade Agreement (BTA).

The USA will impose an 18% reciprocal tariff on Indian exports such as textiles and apparel, leather and footwear, plastics and rubber, chemicals, handicrafts, home decor, and some machineries, under Executive Order 14257 of April 2, 2025.

Detailed Explanation:

India and the United States of America (USA) agreed on a framework for an Interim Trade Agreement (ITA), marking a major step towards a full USA-India Bilateral Trade Agreement (BTA).

Under the agreement, India will reduce or remove tariffs on all industrial goods and many agricultural and food products from the USA, including Animal feed (Distillers’ Dried Grains - DDGs), Red Sorghum, tree nuts, fruits (fresh and processed), soybean oil, and wine and spirits.

The USA will impose an 18% reciprocal tariff on Indian exports such as textiles and apparel, leather and footwear, plastics and rubber, chemicals, handicrafts, home decor, and some machineries, under Executive Order 14257 of April 2, 2025.

13) Answer: B

Indian Infrastructure Finance Company Limited (IIFCL) has appointed Rohit Rishi as its new Managing Director for a three-year tenure.

He previously served as Executive Director at Bank of Maharashtra from November 1, 2023, to February 3, 2026.

Rohit Rishi succeeds PR Jaishankar, who demitted office in May 2026 after completing a five-year tenure.

14) Answer: A

Short Explanation:

The International Olympic Committee (IOC) elected Soraya Aghaei Hajiagha as its 107th member with 95 votes during the 145th IOC Session held in Milan, Italy, on 4 February 2026.

Detailed Explanation:

The International Olympic Committee (IOC) elected Soraya Aghaei Hajiagha as its 107th member with 95 votes during the 145th IOC Session held in Milan, Italy, on 4 February 2026.

She became the youngest current IOC member, marking a significant milestone in global sports governance.

She is the first Iranian woman and the third Iranian overall to be elected to the IOC, ending a more than 20-year absence of Iranian representation in the body.

15) Answer: B

Short Explanation:

Indian Institute of Technology (IIT) Madras Research Park (IITMRP), in partnership with Unicorn India Ventures (UIV), launched the ‘IITM-Unicorn Frontier Fund I’, a venture capital fund worth ₹600 crore to support deep-technology startups in India.

Detailed Explanation:

Indian Institute of Technology (IIT) Madras Research Park (IITMRP), in partnership with Unicorn India Ventures (UIV), launched the ‘IITM-Unicorn Frontier Fund I’, a venture capital fund worth ₹600 crore to support deep-technology startups in India.

The fund aims to promote Intellectual Property (IP)-driven, engineering-intensive startups by providing patient capital to bridge the gap from lab prototypes to commercial products, boosting India’s strategic technology self-reliance.

The fund includes a greenshoe option of ₹400 crore, bringing the total fund size to ₹1000 crore, with a tenure of 10 years, extendable by 2 years.


16) Answer: A

Short Explanation:

The United States ranks second with $781.8 billion, representing 27.2% of global R&D and 3.5% of GDP.

Unlike China, U.S. R&D is driven primarily by the private sector, with major companies such as Amazon, Alphabet, and Meta leading corporate investment.

Together, China and the U.S. account for 54.7% of global R&D spending.

Japan ranks third with $186.0 billion (6.5% global share; 3.5% of GDP).

Detailed Explanation:

For decades, the United States stood as the global leader in research and development (R&D) spending; however, China is now increasingly challenging this scientific dominance.

Backed by rapid economic growth and strong strategic investment, China’s share of global R&D spending surged from 4.0% (2000) to 27.4% (2024).

At the same time, South Korea and India are expanding their R&D investments, strengthening Asia’s position in global innovation.

According to data from the World Intellectual Property Organization (WIPO), China ranks first globally in 2024 with $785.9 billion, accounting for 27.4% of the global share and 2.7% of GDP.

China’s model relies heavily on centralized government funding, focusing on energy, biotechnology, and frontier technologies.

The United States ranks second with $781.8 billion, representing 27.2% of global R&D and 3.5% of GDP.

Unlike China, U.S. R&D is driven primarily by the private sector, with major companies such as Amazon, Alphabet, and Meta leading corporate investment.

Together, China and the U.S. account for 54.7% of global R&D spending.

Japan ranks third with $186.0 billion (6.5% global share; 3.5% of GDP).

17) Answer: E

Short Explanation:

The National Statistics Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI) launched the beta version of its Model Context Protocol (MCP) server for the eSankhyiki portal.

The beta version currently features seven datasets: Periodic Labour Force Survey (PLFS), Consumer Price Index (CPI), Annual Survey of Industries (ASI), Index of Industrial Production (IIP), National Accounts Statistics (NAS), Wholesale Price Index (WPI), and Environment Statistics.

Detailed Explanation:

The National Statistics Office (NSO) under the Ministry of Statistics and Programme Implementation (MoSPI) launched the beta version of its Model Context Protocol (MCP) server for the eSankhyiki portal.

The MCP Server enables users to connect official datasets directly to their own Artificial Intelligence (AI) tools and applications.

The MCP Server is a major step in building the data infrastructure required for Viksit Bharat.

The beta version currently features seven datasets: Periodic Labour Force Survey (PLFS), Consumer Price Index (CPI), Annual Survey of Industries (ASI), Index of Industrial Production (IIP), National Accounts Statistics (NAS), Wholesale Price Index (WPI), and Environment Statistics.

MoSPI plans to expand the MCP Server with additional datasets in the coming months.

 

18) Answer: C

Short Explanation:

The Department of Social Justice and Empowerment (DoSJE) under the Ministry of Social Justice and Empowerment (MSJE) signed a Memorandum of Understanding (MoU) with the Physics Wallah (PW) Foundation to provide free online coaching to 5,000 aspirants annually from Scheduled Castes (SCs), Other Backward Classes (OBCs), and beneficiaries of the PM CARES for Children Scheme across India.

The PW Foundation will provide high-quality online coaching for exams including the Civil Services Examination (CSE), Staff Selection Commission (SSC) exams, and various Banking examinations.

Detailed Explanation:

The Department of Social Justice and Empowerment (DoSJE) under the Ministry of Social Justice and Empowerment (MSJE) signed a Memorandum of Understanding (MoU) with the Physics Wallah (PW) Foundation to provide free online coaching to 5,000 aspirants annually from Scheduled Castes (SCs), Other Backward Classes (OBCs), and beneficiaries of the PM CARES for Children Scheme across India.

The PW Foundation will provide high-quality online coaching for exams including the Civil Services Examination (CSE), Staff Selection Commission (SSC) exams, and various Banking examinations.

Beneficiaries will be selected on a merit basis through a dedicated online portal.

Eligible beneficiaries will receive free access to structured online courses, which include live and recorded classes, test series, previous year question papers, study material, mentorship, doubt-solving support, and counselling.

The PM CARES for Children Scheme, launched by Prime Minister Narendra Modi on 29 May 2021, aims to ensure sustained care, protection, and overall well-being of children through comprehensive support measures.

19) Answer: B

Short Explanation:

Power Finance Corporation (PFC) has approved an in-principle merger with REC Limited, in line with the Union Budget 2026 proposal to restructure public sector NBFCs.

Detailed Explanation:

Power Finance Corporation (PFC) has approved an in-principle merger with REC Limited, in line with the Union Budget 2026 proposal to restructure public sector NBFCs.

PFC has acquired 52.63% stake in REC, making REC its subsidiary after Cabinet Committee on Economic Affairs (CCEA) approval.

On February 1, 2026, Finance Minister Nirmala Sitharaman announced in Budget 2026 that the government is working to improve efficiency and scale up public sector NBFCs, including merging PFC and REC.

20) Answer: A

CAMELS full form represents Capital Adequacy, Asset Quality, Management, Earnings, Liquidity, and Sensitivity to Market Risk, which evaluates the financial health and risk profile of commercial banks to ensure stability.