PRELIMS मतलब MAD

Answer: (d)

Explanation:

• About Non-Banking Financial Company (NBFC): It is a company registered under the Companies Act, 1956.
  • It is engaged in the business of loans and advances, acquisition of shares/stocks/bonds/debentures/securities issued by Government or local authority.
• Statement 1 is not correct: NBFCs do not form part of the payment and settlement system and cannot issue cheques drawn on itself. They also cannot accept demand deposits.

• Statement 2 is not correct: Unlike banks, deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation is not available to depositors of NBFCs.

• Statement 3 is not correct: The principal business of any NBFC shall not include any agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property.
  

Answer: (d)

Explanation:

• Statement 1 is not correct: It was launched by the RBI in 2021 to allow individual investors to directly invest in government securities issued by the central and state governments.
  • This scheme eliminates the need for intermediaries, making the investment process more transparent and accessible.
• Statement 2 is not correct: It provides ease of access to retail investors through online access to the Government Securities Market which includes both primary and secondary.
  • Registered investors can access the secondary market transaction link on the online portal to buy or sell Government Securities through NDS-OM.
  • It also provides the facility to open their gilt securities account (Retail Direct) with the RBI.
• Statement 3 is not correct: Non-Resident retail investors eligible to invest in Government Securities under Foreign Exchange Management Act, 1999 are eligible under the scheme.
  

Answer: (c)

Explanation:

• About Green Taxonomy: It is a classification system which helps identify and classify investments as green based on their alignment with specific environmental objectives and targets.
  • Green taxonomies can cover a wide range of objectives, such as climate mitigation, adaptation, water, circular economy, pollution and biodiversity. They also vary between countries based on their unique economic, social, and environmental challenges. A taxonomy is not an outcome in and of itself.
  • It is a tool to help direct the flow of capital to green and sustainable projects that are aligned with environmental goals.
  • Green Taxonomies are needed to provide a common language and framework for identifying and classifying environmentally sustainable activities and assets.
• Hence option (c) is the correct answer.
  

Answer: (d)

Explanation:

• Statement 1 is not correct: e-RUPI is launched by the National Payments Corporation of India (NPCI) in association with the Department of Financial Services (DFS), National Health Authority (NHA), Ministry of Health and Family Welfare (MoHFW), and partner banks.
  • It is a digital voucher that can be redeemed by beneficiaries when they make use of any specific government services.
• Statement 2 is not correct: The users of this voucher will be able to redeem the voucher without a card, digital payments app or internet banking access, at the merchants accepting e-RUPI.
  • The digital tokens will be sent to respective citizens by the government via SMS strings or QR codes to be used for a specific purpose.
• Statement 3 is not correct: As these vouchers are created for a specific purpose, they can’t be transferred or cashed out. The digital vouchers are backed by the Indian rupee and are not transferable.
  • The beneficiaries will be identified by their mobile number, and the vouchers will be linked to it.
  • The digital voucher can be redeemed only by that individual.