RBI GK Questions 2026

MUDRA loans are classified purely by size, and Kishore is the middle rung meant for an enterprise that is already working and needs working capital or a modest expansion.

The Atal Pension Yojana is administered by the PFRDA through the architecture of the National Pension System, and it guarantees a monthly pension of one thousand to five thousand rupees from the age of sixty to subscribers who join between the ages of eighteen and forty.

PMSBY is a one-year renewable personal accident insurance scheme open to savings bank account holders aged eighteen to seventy who consent to the auto-debit of the twenty rupee annual premium.

PMJJBY gives a one-year renewable life cover of two lakh rupees payable on death from any cause, and its premium is four hundred and thirty-six rupees a year, auto-debited from the subscriber's bank account for a cover year that runs from 1 June to 31 May.

The free RuPay debit card issued with a Jan Dhan account carries a built-in accidental insurance cover, and for accounts opened after 28 August 2018 this cover was raised from one lakh rupees to two lakh rupees when the mission was made open-ended.

PMJDY, the National Mission for Financial Inclusion, was launched on 28 August 2014 with the aim of giving every unbanked household a bank account, a RuPay debit card, an overdraft facility and access to insurance and pension.

Sen argued that development should be judged by what people are actually able to be and to do, their capabilities, rather than by the goods they own or the income they earn, and this is the reasoning behind the HDI's choice of health, education and a decent standard of living.

The Gender Inequality Index replaced the Gender Development Index and the Gender Empowerment Measure of 1995 and shows the human development cost of inequality between women and men in those three dimensions.

The further the curve sags away from the straight diagonal of perfect equality, the greater the inequality, and the Gini coefficient measures exactly that gap on a scale from 0, perfect equality, to 1, perfect inequality.

Morris gave equal weight to three indicators only, life expectancy at age one, the infant mortality rate and basic literacy, and the striking feature of his index is that income appears nowhere in it; he argued that income is a means and that the results of development should be measured…

The index was introduced in the 2010 Human Development Report and is produced jointly with that initiative at the University of Oxford, whose Alkire-Foster method identifies households deprived at the same time in several of ten indicators grouped under health, education and standard of living.

The Human Development Report groups countries in four bands: very high at an HDI of 0.800 and above, high from 0.700 to 0.799, medium from 0.550 to 0.699 and low below 0.550.

Until 2010 the health, education and income indices were averaged arithmetically, which allowed a country to offset a very poor score in one dimension with high scores in the other two.

The switch was made in the 2010 Human Development Report. Gross national income was preferred to gross domestic product because it includes incomes earned abroad and sent home and excludes incomes earned in the country by foreigners, so it is closer to what residents can actually spend; and purchasing power…

It is the composite measure that puts health, education and income together in a single figure between 0 and 1, built as the geometric mean of one index for each of the three dimensions, and published by the UNDP since 1990.

The Human Development Index is built from exactly three dimensions and nothing more: a long and healthy life, knowledge, and a decent standard of living.

The Pakistani economist led the team that produced the first Human Development Report for the UNDP in 1990 and designed the index, drawing on the capability approach of Amartya Sen, who advised the work.

The UNDP brought out the first Human Development Report in 1990, with the Human Development Index as its centrepiece, and it has published the report and the index since.

A loan becomes a non-performing asset when interest or an instalment of principal stays overdue for more than 90 days.

The Consumer Protection Act, 1986 was the first comprehensive consumer law in India and created the three-tier machinery of district forums, state commissions and the National Consumer Disputes Redressal Commission.