Besides the Priority Sector Lending framework, which scheme has the committee been asked to review?
- A.Lead Bank Scheme
- B.Pradhan Mantri Jan Dhan Yojana
- C.Pradhan Mantri Mudra Yojana
- D.Stand Up India Scheme
Correct answer
Explanation
The correct answer is the Lead Bank Scheme. One head of the terms of reference asks the committee to review the Priority Sector Lending framework together with the Lead Bank Scheme, and to judge how relevant, effective and well coordinated the two remain in promoting inclusive, balanced and data-driven credit delivery in line with changing economic priorities and financial inclusion goals. Option B, the Pradhan Mantri Jan Dhan Yojana, is a financial inclusion programme for bank accounts and finds no place among the heads given to this panel. Option C, the Pradhan Mantri Mudra Yojana, finances small enterprises and is likewise not named in the terms of reference. Option D, the Stand Up India Scheme, supports entrepreneurs from specified groups and is also absent from the brief. The committee's other heads cover prudential norms, the legal framework for Regional Rural Banks and cooperative banks, long-term capital needs, the cost of capital and a roadmap for artificial intelligence in banking.
Read the full article: High Level Committee on Banking for Viksit Bharat Constituted
Practice Questions
Who has been appointed Chairman of the High Level Committee on Banking for Viksit Bharat?
- A.Shirish Chandra Murmu
- B.Suresh N. Patel
- C.Padmaja Chunduru
- D.N. S. Vishwanathan
Show answer
He is a former Central Vigilance Commissioner, and the Government has named him Chairman of the newly constituted High Level Committee on Banking for Viksit Bharat, the panel that will recommend structural, institutional, regulatory and legislative reform of the banking sector.
Read the full explanation →What is the tenure of the High Level Committee on Banking for Viksit Bharat?
- A.Three months
- B.Six months
- C.One year
- D.Two years
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The Government fixed that period when it constituted the panel, which means the committee must finish its review of banking practices, prudential norms, regulatory frameworks and capital needs and submit its recommendations within half a year.
Read the full explanation →Which payment institution partnered to enable UPI at Resorts World Sentosa?
- A.NEOPAY
- B.Emaar Entertainment
- C.FOMO Pay
- D.Liquid Group
Show answer
The partnership for Singapore was announced on 9 September 2026, and the step was significant because the Singapore market welcomed 1.2 million Indian visitors in 2025.
Read the full explanation →Which attraction has become the first in the United Arab Emirates to accept UPI for e-commerce bookings?
- A.Museum of the Future
- B.At the Top, Burj Khalifa
- C.Dubai Frame
- D.Ferrari World Abu Dhabi
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NPCI International Payments Limited enabled UPI there in partnership with NEOPAY and Emaar Entertainment, and this is the first attraction anywhere in the Emirates to take UPI for online commerce rather than only for scanning a merchant code.
Read the full explanation →Which country is set to become the eleventh where UPI is accepted?
- A.Kazakhstan
- B.Uzbekistan
- C.Indonesia
- D.Oman
Show answer
A commercial agreement to bring UPI to that country was announced on 30 August 2026, during the visit of the Prime Minister of India to Uzbekistan, which places it next in line after the ten countries where the payment system already works.
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