26th April 2026 Current Affairs MCQ Quiz

Invoking Section 22(3)(g) is how the regulator addressed the failure to follow licensing mandates. It's a key legal mechanism that UPSC aspirants should remember for questions regarding RBI's supervisory powers under the 1949 Act.

Limiting balances to ₹2 lakh is a core feature designed to keep these entities distinct from full-scale commercial banks. They're primarily meant for quick transactions rather than holding substantial savings.

Multiple accounts tied to a single PAN indicate significant KYC failures, which the RBI viewed as a major red flag. Always keep in mind that maintaining accurate customer identities is non-negotiable under PMLA (Prevention of Money Laundering Act) guidelines.

Driving financial inclusion for the common man is the ultimate goal behind this specialized banking structure. Think of them as lean platforms focused on daily payments rather than long-term lending.

Failure to maintain strict independence between a bank and its parent firm can lead to disastrous conflicts of interest. It's a critical corporate governance requirement that regulators emphasize to ensure institutional autonomy.

Claude Mythos possesses a scary ability to detect and exploit software vulnerabilities at rapid speeds, putting it in a whole different league. This isn't just theory, as it outperformed previous models on expert cybersecurity benchmarks.

That exact duality makes regulation a nightmare; the same feature that secures a bug can be weaponized to break a system. It's why experts are pushing for urgent international frameworks to govern powerful AI.

Project Glasswing attempts to harness the model's strengths for protective purposes rather than letting it run wild. Major global players are collaborating here because robust defense is the only way to mitigate such advanced tech risks.

Establishing specialized groups under the Ministry of Electronics and Information Technology shows that India is shifting toward a more cautious oversight approach. We're moving away from a 'light-touch' regime to something much more proactive.

This specific committee is tasked with giving the government the technical expertise it needs to regulate evolving AI tools safely. It’s an essential bridge between rapid innovation and national security requirements.

Coming into effect in 1985, this law was designed specifically to stop political instability caused by legislators changing sides. It’s a favorite topic for prelims exams, so remember the year it was passed!

The 91st Amendment tightened this rule significantly by raising the threshold to two-thirds. This change was meant to end the frequent and confusing political splits that defined Indian politics for decades.

Capping ministries at 15% was a bold move to discourage political 'gifting' of ministerial posts. It's a crucial reform that UPSC questions often highlight when discussing the balance of power.

It's the Speaker or the Rajya Sabha Chairman who holds the gavel here, making their role extremely powerful. While their decision can be reviewed by courts, it starts and often stops at their office.

By forcing members to follow the party whip, the law makes legislators more beholden to their leaders than to their voters. Many political scientists argue this undermines the very essence of parliamentary debate and individual accountability.

Accepting the defection as a merger effectively creates a shield against disqualification charges. The whole issue boils down to how the law is interpreted when group defections occur in only one chamber.

Defying a whip creates a separate ground for legal action against the member. Even if they haven't switched parties, failing to follow the party line in crucial votes can be quite dangerous for their political survival.

This silence in the law often leads to massive delays that effectively allow defecting members to hold onto power for years. Although the Supreme Court frequently advocates for swift decisions, there isn't a hard deadline in the rulebook.

The Tenth Schedule is solely about party membership status and seat continuity, not campaign financing or fund allocation. Don't let the options confuse you; stay focused on its legislative purpose.

While the law is vague on timelines, the judiciary consistently pushes for efficiency to prevent political paralysis. They really hate seeing members stay in seats when they technically should be disqualified!