Banking & Finance MCQ — 1 Practice Questions with Answers

Practice 1 Banking & Finance multiple-choice questions with detailed answers and explanations. Ideal for RAS/RPSC exam preparation.

1 Questions Economy

Q1. Under which scheme did the RBI double the collateral-free loan ceiling for Micro and Small Enterprises in February 2026?

A MUDRA Yojana

B CGTMSE (Credit Guarantee Fund Trust for MSEs) Correct

C PM SVANidhi Scheme

D Stand-Up India Scheme

Explanation

The RBI doubled the collateral-free loan ceiling for MSEs from ₹10 lakh to ₹20 lakh under the CGTMSE scheme in February 2026.

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There are 1 Banking & Finance practice MCQs available on Aspirant Academy, with detailed answers and explanations for each question.

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Yes, every Banking & Finance question comes with the correct answer and a detailed explanation to help you understand the underlying concept.

How is Banking & Finance relevant to the RAS/RPSC exam?

Banking & Finance falls under the Economy section of the RAS/RPSC syllabus. It is a frequently tested area and regular practice with these MCQs will strengthen your preparation.

Can I practice Banking & Finance questions in Hindi?

Yes, Aspirant Academy offers bilingual support. You can practice Banking & Finance MCQs in both English and Hindi, including questions, options, and explanations.

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Banking & Finance MCQ — 1 Practice Questions with Answers

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