I4C and RBIH Partner to Deploy AI for Detecting Financial 'Mule Accounts'

1. Regarding the RBI's recent relaxation of CET1 capital norms, consider the following statements: I. Banks can include quarterly profits in CET1 capital without any audit requirements. II. The relaxation applies to Payments Banks and Small Finance Banks. III. Regional Rural Banks (RRBs) are included in this new framework.

Explanation: Statement I is incorrect because quarterly statements must be audited or reviewed. Statement II is correct. Statement III is incorrect because RRBs and Local Area Banks are excluded from these revised norms.

2. What is the targeted volume of coal gasification set by the Government of India to be achieved by the year 2030?

Explanation: The government has set a broader target of achieving 100 million tonnes of coal gasification by 2030 to enhance energy independence.

3. What is the primary reason for the removal of the CSR obligation for companies participating in the revamped PM Internship Scheme 2026?

Explanation: Earlier, only firms with CSR obligations could participate. Removing this requirement allows all companies to join, significantly expanding the scope and participation levels of the scheme.

4. Which of the following conditions allows for an exemption from the sugar export ban effective May 2026? I. Shipments already handed over to customs before the notification. II. Exports of refined sugar to any neighboring country. III. Exports where loading began before 13 May 2026.

Explanation: Exemptions apply to shipments already handed over to customs and exports where loading began before May 13, 2026. There is no general exemption for neighbors unless approved for food security.

5. India recently tested the MIRV-enabled Agni missile. Which of the following countries is NOT part of the elite group that already possesses MIRV technology?

Explanation: The elite group possessing MIRV technology includes the US, Russia, China, France, and the UK. Japan does not possess this technology.