MCQs on SEBI and Financial Awareness feb 2026

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SEBI recently broadened mutual fund categories by introducing which new category to replace Retirement and Children’s Funds?

Lifecycle Funds
Target Date Funds
Milestone Funds
Generational Funds

Explanation: SEBI introduced “Lifecycle Funds” which replace the earlier Retirement Funds and Children’s Funds to align investments with different life stages.

What is the minimum investment duration for the newly introduced SEBI Lifecycle Funds?

5 years
3 years
10 years
7 years

Explanation: The minimum investment duration for Lifecycle Funds is 5 years, and the maximum is 30 years.

Under SEBI’s new norms for Sectoral Debt Funds, what is the minimum percentage of investment required in debt instruments of a particular sector?

Explanation: Sectoral Debt Funds require a minimum of 80% investment in debt and debt-related instruments of a particular sector.

In SEBI’s new Sectoral Debt Funds, investments are limited to corporate bonds with a credit rating above:

AA+
AA-
AAA
A+

Explanation: Investments in Sectoral Debt Funds are restricted to corporate bonds with a credit rating above AA+.

As per SEBI’s portfolio overlap rule for sectoral debt funds, stocks in such a fund cannot have more than what percentage of overlap with any other equity fund?

Explanation: Stocks in a sectoral debt fund cannot have more than a 50% overlap with stocks in any other equity fund.

Which Indian stock exchange received SEBI’s approval to launch Indian Natural Gas Futures?

National Stock Exchange (NSE)
Bombay Stock Exchange (BSE)
Multi Commodity Exchange (MCX)
National Commodity and Derivatives Exchange (NCDEX)

Explanation: The National Stock Exchange (NSE) received SEBI’s approval to launch Indian Natural Gas Futures as monthly contracts.

To build a stronger gas trading ecosystem, NSE partnered with which entity for its Natural Gas Futures?

Indian Gas Exchange (IGX)
Gas Authority of India Ltd (GAIL)
ONGC
Petroleum and Natural Gas Regulatory Board (PNGRB)

Explanation: NSE partnered with the Indian Gas Exchange (IGX) to combine its derivatives infrastructure with IGX’s spot trading mechanism.

Which bank became the first custodian in India to issue a fully digital Foreign Portfolio Investor (FPI) licence using electronic signatures?

Kotak Mahindra Bank
State Bank of India (SBI)
HDFC Bank
ICICI Bank

Explanation: Kotak Mahindra Bank became the first in India to issue an FPI licence and complete the entire account-opening process digitally.

Which subsidiary of Bharti Airtel recently received a Certificate of Registration from the RBI to operate as a Type II NBFC-ND?

Airtel Money
Airtel Payments Bank
Airtel Finance
Airtel Capital Services

Explanation: Bharti Airtel’s subsidiary, Airtel Money, received the RBI nod to operate as a Type II Non-Deposit Accepting NBFC.

Which mutual fund Asset Management Company (AMC) launched India’s first women-centric branch in South Delhi?

LIC Mutual Fund
SBI Mutual Fund
HDFC AMC
Nippon India Mutual Fund

Explanation: LIC Mutual Fund Asset Management launched a women-centric branch in South Delhi, managed entirely by women to bridge the gender gap in investments.

The Union Cabinet recently approved the Startup India Fund of Funds 2.0 (FoF 2.0) with a corpus of:

₹10,000 crore
₹5,000 crore
₹15,000 crore
₹20,000 crore

Explanation: FoF 2.0 was approved with a ₹10,000 crore corpus to mobilize venture capital for deep-tech and early-growth startups.

What is the total Central assistance approved for the Urban Challenge Fund (UCF) to support transformative urban infrastructure?

₹1 lakh crore
₹50,000 crore
₹2 lakh crore
₹75,000 crore

Explanation: The Union Cabinet approved the Urban Challenge Fund (UCF) with ₹1 lakh crore Central assistance.

Under the Direct E-Commerce Credit Facility of the Export Promotion Mission, what is the maximum financial support provided?

₹50 lakh
₹1 crore
₹25 lakh
₹5 crore

Explanation: The Direct E-Commerce Credit Facility provides working capital support up to a maximum of ₹50 lakh.

India and which country recently signed an Amending Protocol to update the Double Taxation Avoidance Convention (DTAC), removing the MFN clause?

France
United States
Germany
Singapore

Explanation: India and France signed a Protocol to amend the DTAC, removing the Most-Favoured-Nation (MFN) Clause to resolve interpretational disputes.

What is the total estimated monetisation potential under the National Monetisation Pipeline 2.0 (NMP 2.0) for the FY 2026-2030 period?

₹16.72 lakh crore
₹10.50 lakh crore
₹6.00 lakh crore
₹25.00 lakh crore

Explanation: NMP 2.0 has an estimated monetisation potential of ₹16.72 lakh crore over a 5-year period.

Under the new India-France DTAC amendment, what is the dividend tax rate for shareholders holding at least 10% of a company’s capital?

Explanation: The new structure sets a 5% tax for shareholders holding at least 10% of company capital, and 15% for all other shareholders.

What is the interest subvention provided to exporters under the E-Commerce Export Credit Facility?

2.75%
5.00%
3.50%
1.50%

Explanation: The facility offers an interest subvention of 2.75% to support working capital needs for exporters.

The Unified Lending Interface (ULI), a digital public infrastructure developed under RBIH, has recently onboarded how many lenders?

Explanation: The ULI platform has onboarded 89 lenders, including PSBs, Private Banks, NBFCs, and NABARD-associated entities.

The Department of Posts (DoP) signed an MoU with which entity to expand mutual fund access through India Post’s network?

National Stock Exchange (NSE)
BSE
SEBI
AMFI

Explanation: The DoP signed an MoU with the National Stock Exchange (NSE) to enable the distribution of mutual fund products via post offices.

As of January 2026, Foreign Portfolio Investors (FPIs) from which country hold the highest share (41%) in India’s total foreign holdings?

United States
Mauritius
Singapore
United Kingdom

Explanation: US-based FPIs increased their share to 41%, holding over ₹32.1 trillion in Indian assets.

Who is the Chairman of the 16th Finance Commission whose report was tabled for the period 2026-31?

Dr. Arvind Panagariya
N.K. Singh
Y.V. Reddy
B.N. Goldar

Explanation: The 16th Finance Commission is chaired by former NITI Aayog Vice-Chairman Dr. Arvind Panagariya.

Under the 16th Finance Commission’s formula for tax devolution, what weightage is given to the new parameter “Contribution to GDP”?

10%
15%
12.5%
5%

Explanation: “Contribution to GDP” is a new parameter introduced by the 16th FC with a weightage of 10%.

According to the Union Budget 2026-27, what is the Centre’s fiscal deficit target as a percentage of GDP?

4.3%
4.8%
3.5%
5.1%

Explanation: The fiscal deficit target (BE 2026-27) is set at 4.3% of the GDP.

NITI Aayog’s development-first roadmap aims for India to achieve Net Zero emissions by which year?

2070
2050
2047
2060

Explanation: India aims to achieve Net Zero emissions by 2070 with an estimated investment requirement of $22.7 trillion.

Under the new GDP base year (2022-23) series, India’s nominal GDP size for FY26 is estimated at:

₹345.47 lakh crore
₹300.00 lakh crore
₹400.25 lakh crore
₹250.50 lakh crore

Explanation: Nominal GDP for FY26 is estimated at ₹345.47 lakh crore under the new series.

According to RBI data, what was the net profit growth of private non-financial companies in Q3 FY26?

5.2%
10.0%
8.5%
11.4%

Explanation: The net profit of private non-financial companies increased by 5.2% to ₹1.8 lakh crore in Q3 FY26.

Under the PMGKAY scheme, where will the CBDC-based Food Subsidy Distribution Pilot be launched?

Puducherry
Chandigarh
Delhi
Lakshadweep

Explanation: The CBDC-based Food Subsidy Distribution Pilot will be launched in Puducherry on 26 February 2026.

What is the projected global unemployment rate for 2026 as per the ILO report?

4.9%
5.5%
4.0%
6.2%

Explanation: The global unemployment rate is projected to remain at 4.9%, equivalent to 186 million people.

The U.S. administration imposed a highly punitive tariff of approximately what percentage on solar cell imports from India?

126%
50%
40%
200%

Explanation: The U.S. imposed a 126% tariff on solar cell imports from India, Indonesia, and Laos.

What is the mandated Credit-Deposit (C/D) ratio by RBI for rural and semi-urban bank branches?

Explanation: Banks are mandated to maintain a 60% C/D ratio for their rural and semi-urban branches.

For Urban Cooperative Banks (UCBs), the housing loan limit has been increased to what percentage of total loans & advances?

Explanation: The housing loan limit for UCBs has been increased from 10% to 25% of total loans and advances.

Under the revised External Commercial Borrowing (ECB) framework, the RBI has removed which major restriction?

All-in-cost cap
Minimum average maturity
End-use restrictions
Sectoral limits

Explanation: RBI has removed the all-in-cost cap, rationalising the borrowing limits and average maturity restrictions for ECBs.

What is the new base year for the Consumer Price Index (CPI) retail inflation series released by MOSPI?

2024
2012
2018
2022-23

Explanation: MOSPI released a new CPI series with 2024 as the base year, expanding coverage to 358 items.

Under the new CPI series (Base Year 2024), the weight of the ‘Food & Beverages’ category has been reduced to:

36.75%
45.86%
50.00%
25.50%

Explanation: The weight of Food & Beverages was reduced to 36.75% from 45.86% in the earlier series.

According to NASSCOM, India’s IT services industry revenue is expected to reach what amount in FY26?

$315 billion
$246 billion
$100 billion
$500 billion

Explanation: India’s IT services industry revenue is expected to reach $315 billion in FY26, representing a 6.1% YoY growth.

Transcorp International Limited received in-principle approval from RBI to participate in which system?

Centralized Payment Systems (CPS)
Core Banking Solutions (CBS)
Foreign Exchange Dealing
Stock Broking

Explanation: Transcorp received approval to participate in Centralized Payment Systems, allowing it to operate RTGS & NEFT independently.

Which bank launched the “Rooftop Solar Finance” scheme offering collateral-free loans to MSMEs?

Axis Bank
State Bank of India
HDFC Bank
ICICI Bank

Explanation: Axis Bank launched the Rooftop Solar Finance scheme to support MSMEs’ transition to clean energy.

State Bank of India (SBI) launched a Centre of Excellence named ‘CHAKRA’ to finance which type of sectors?

Sunrise Sectors
Agriculture
Real Estate
Retail Lending

Explanation: CHAKRA aims to invest ₹100 trillion over 5 years in sunrise sectors like Renewable Energy, Semiconductors, and Data Centres.

Which Regional Rural Bank (RRB) launched India’s first Co-Branded RuPay Credit Card?

Tripura Gramin Bank
Kerala Gramin Bank
Baroda UP Bank
Assam Gramin Vikash Bank

Explanation: Tripura Gramin Bank, sponsored by PNB, became the first RRB to launch a co-branded RuPay credit card.

India and the Gulf Cooperation Council (GCC) recently signed the Terms of Reference for negotiating a:

Free Trade Agreement (FTA)
Defense Pact
Currency Swap Agreement
Visa-Free Travel Pact

Explanation: India and the GCC signed the ToR to officially begin negotiations for a Free Trade Agreement (FTA).

Following the US tariff cut, Goldman Sachs upgraded India’s CY26 GDP growth forecast to:

6.9%
6.4%
7.2%
7.6%

Explanation: Goldman Sachs raised the CY26 GDP growth forecast by 20 basis points to 6.9% after the US reduced reciprocal tariffs.

The White Revolution 2.0 targets a 50% jump over the next 5 years in the procurement of which commodity?

Milk
Cotton
Eggs
Sugarcane

Explanation: White Revolution 2.0 aims to increase daily milk procurement by 50% through expanding dairy cooperatives.

Which bank launched an “Online Death Claim Settlement Portal” to provide time-bound settlements for legal heirs?

Indian Overseas Bank (IOB)
State Bank of India (SBI)
Punjab National Bank (PNB)
Axis Bank

Explanation: Indian Overseas Bank launched a digital portal to simplify and speed up the claim settlement process.

According to India Ratings (Ind-Ra), the fiscal deficit of states is projected to be what percentage of GDP in FY27?

3.0%
2.8%
4.3%
3.5%

Explanation: The fiscal deficit of states is projected at 3% of GDP in FY27, up from 2.8% in FY26.

Which country dominated the global AI funding landscape in 2025, taking the lion’s share of the $225.8 billion pie?

USA
China
India
UK

Explanation: The USA captured $188.8 billion in AI funding, reflecting its dominance in the sector.

The government recently approved the export of 25 Lakh Metric Tonnes (LMT) of which essential agricultural commodity?

Wheat
Rice
Sugar
Onions

Explanation: The government approved the export of 25 LMT of wheat and 5 LMT of wheat products to stabilize domestic markets.

What is the maximum portfolio overlap allowed between stocks in a SEBI-regulated sectoral debt fund and any other equity fund?