WBPSC Full Mock Test- 7 - WBCS (West Bengal) MCQ

The primary goal of PMAY-U 2.0 is to provide housing to one crore urban poor and middle-class families over the next five years. This initiative builds on the original PMAY launched in 2015, which emphasized affordable housing for all by 2022. The focus is on making housing accessible and affordable for economically weaker sections in urban areas, thereby addressing a critical need for housing in cities.

The U.S. has announced $3.5 billion in military aid to Israel as part of a broader financial assistance package. This funding is specifically allocated for military financing and enables Israel to purchase U.S.-made weapons and military equipment. The aid is crucial in the context of escalating tensions and violence in the region, particularly amid recent conflicts.

The Credit Risk Guarantee Fund (CRGF) was increased from ₹1,000 crore to ₹3,000 crore as part of the PMAY-U 2.0 scheme. This enhancement aims to improve loan guarantees for the Economically Weaker Sections (EWS) and Low-Income Groups (LIG), thereby increasing their access to financing for affordable housing. By reducing the risk for lenders, this fund supports greater financial inclusivity.

The Banking Laws (Amendment) Bill, 2024 proposes to allow account holders to designate up to four nominees instead of just one. This change aims to provide greater flexibility for account holders in managing their beneficiaries and ensuring that their assets are distributed according to their wishes. This is particularly beneficial for individuals with complex family structures or multiple beneficiaries.

The Banking Laws (Amendment) Bill, 2024 suggests increasing the threshold for determining 'substantial interest' in bank directorships from ₹5 lakh to ₹2 crore. This adjustment reflects the economic growth experienced over the past six decades and aims to align the regulatory framework with contemporary banking practices. By raising this threshold, the bill seeks to ensure that only individuals with significant financial stakes can hold directorship positions, thereby promoting better governance and accountability in the banking sector.

As of 2024, the reported statistics concerning the mpox outbreak in Africa indicate that there are 2,030 confirmed cases and 13 associated deaths. This represents a significant increase from previous years, showcasing the severity of the outbreak. Additionally, there are over 15,000 suspected cases, highlighting the urgent need for public health interventions and awareness to manage the spread of the disease effectively. Understanding these figures is crucial for developing strategies to combat outbreaks and protect public health.

The Maldives will adopt the Unified Payment Interface (UPI), which is a digital payment system developed in India. This initiative is aimed at facilitating easier and more efficient transactions within the Maldives, fostering greater economic ties between the two nations. The UPI system allows users to link multiple bank accounts to a single mobile application, streamlining payment processes.

The PM-Surya Ghar: Muft Bijli Yojana is focused on promoting solar energy in rural India. This program aims to empower rural communities by providing subsidies for solar panel installations, helping them achieve energy self-sufficiency. The initiative has a budget allocation of Rs 75,021 crore and seeks to ensure that one crore households receive 300 units of free power every month.