2) Consider the following statements regarding foreclosure charges in India:
Foreclosure charges are fees imposed by lenders when a borrower repays a loan before the tenure.
The Reserve Bank of India (RBI) recently proposed remove foreclosure charges on floating-rate loans taken by Micro and Small Enterprises (MSEs) for business purposes.
Which of the statements given above is/are correct?
a.
b.
c.
d.
Answer : c
RBI on Foreclosure Charges
Foreclosure charges are penalties imposed by lenders when a borrower repays a loan before its scheduled tenure.
RBI has proposed that banks and NBFCs should not impose foreclosure charges on floating-rate loans taken by MSEs for business purposes to provide financial relief and flexibility.
4) Agentic AI, recently seen in the news refers to
a.
b.
c.
d.
Answer : a
Agentic AI
Agentic AI refers to artificial intelligence systems that autonomously perform tasks without requiring continuous user input.
Unlike traditional AI models, which depend on prompts, Agentic AI can independently make decisions and execute actions based on goals and learned patterns.
5) Consider the following statements regarding Ruellia elegans:
It is a flowering plant native to Brazil.
It is classified as an invasive species in India.
It thrives in cold, temperate climates and cannot survive in tropical conditions.
Which of the statements given above is/are correct?
a.
b.
c.
d.
Answer : a
Ruellia elegans
Ruellia elegans is native to Brazil.
It is classified as an invasive species in India.
It thrives in wet tropical biomes, not cold, temperate climates.