PM Surya Ghar Muft Bijli Yojana & Rooftop Solar

PM Surya Ghar Muft Bijli Yojana & Rooftop Solar

With reference to the PM Surya Ghar Muft Bijli Yojana, consider the following statements: It is an initiative of the Ministry of Power. The scheme aims to provide up to 300 units of free electricity per month. It is focused on promoting rooftop solar installations for residential households. Which of the statements given above is/are … Read more

Foreign Currency Settlement System (FCSS) at GIFT IFSC

Foreign Currency Settlement System (FCSS) at GIFT IFSC

With reference to the Foreign Currency Settlement System (FCSS), recently in the news, consider the following statements: It enables the settlement of foreign currency transactions locally at the GIFT IFSC. It is operated by a subsidiary of the Reserve Bank of India. Initially, it will only settle transactions undertaken in the US Dollar. Which of … Read more

RBI Integrated Ombudsman Scheme 2021: Coverage & Expansion

RBI Integrated Ombudsman Scheme 2021: Coverage & Expansion

Consider the following statements regarding the Reserve Bank – Integrated Ombudsman Scheme, 2021: It follows a ‘One Nation One Ombudsman’ approach with jurisdiction-neutral mechanisms. It covers all Commercial Banks and Regional Rural Banks. The scheme recently expanded to include Central and State Co-operative Banks. Which of the statements given above are correct?