India Rolls Out Key Policy Changes, Boosts Manufacturing, and Addresses Unclaimed Deposits
October 03, 2025
India has ushered in October 2025 with a series of significant policy changes impacting financial services, education, agriculture, and manufacturing. The Reserve Bank of India (RBI) launched an incentive scheme for banks to return unclaimed deposits, while the Union Cabinet approved a mission for self-reliance in pulses and hiked Minimum Support Prices (MSP) for Rabi crops. Furthermore, new rules came into effect across banking, pensions, and digital payments, and the Electronics Component Manufacturing Scheme (ECMS) received an overwhelming response.
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Question 1 of 18
What is a significant change introduced for non-government subscribers of the National Pension System (NPS) effective October 1, 2025?
Correct Answer: B) They can invest up to 100% of their contributions in equity.
Full Answer: Ans: b) They can invest up to 100% of their contributions in equity.
Full Answer: Ans: b) They can invest up to 100% of their contributions in equity.
The Reserve Bank of India (RBI) is implementing a reform for cheque clearing starting October 4, 2025. What is this reform?
Correct Answer: B) Introduction of continuous cheque clearing.
Full Answer: Ans: b) Introduction of continuous cheque clearing.
Full Answer: Ans: b) Introduction of continuous cheque clearing.
Which UPI feature was discontinued by the National Payments Corporation of India (NPCI) to enhance security and mitigate fraud risks?
Correct Answer: C) P2P "collect request" (pull transaction) feature.
Full Answer: Ans: c) P2P "collect request" (pull transaction) feature.
Full Answer: Ans: c) P2P "collect request" (pull transaction) feature.
What new requirement did RBI introduce for bank locker agreements, effective October 1, 2025?
Correct Answer: B) Banks must update all existing locker agreements as per new RBI norms.
Full Answer: Ans: b) Banks must update all existing locker agreements as per new RBI norms.
Full Answer: Ans: b) Banks must update all existing locker agreements as per new RBI norms.
What is the new regulation regarding Public Provident Fund (PPF) accounts for Non-Resident Indians (NRIs) effective October 1, 2025?
Correct Answer: B) NRIs are barred from opening new PPF accounts and extensions for existing ones are restricted.
Full Answer: Ans: b) NRIs are barred from opening new PPF accounts and extensions for existing ones are restricted.
Full Answer: Ans: b) NRIs are barred from opening new PPF accounts and extensions for existing ones are restricted.
Under the new Promotion & Regulation of Online Gaming Act, which types of online games are banned?
Correct Answer: B) Real-money betting and gambling applications.
Full Answer: Ans: b) Real-money betting and gambling applications.
Full Answer: Ans: b) Real-money betting and gambling applications.
What new Aadhaar-based guideline has been implemented for online general railway ticket reservations?
Correct Answer: B) The first 15 minutes of general ticket reservation are restricted to Aadhaar-verified users.
Full Answer: Ans: b) The first 15 minutes of general ticket reservation are restricted to Aadhaar-verified users.
Full Answer: Ans: b) The first 15 minutes of general ticket reservation are restricted to Aadhaar-verified users.
What is the primary objective of RBI's year-long incentive scheme for banks regarding unclaimed deposits, effective October 1, 2025?
Correct Answer: C) To encourage banks to actively pursue customers for reactivation of inoperative accounts and return unclaimed amounts.
Full Answer: Ans: c) To encourage banks to actively pursue customers for reactivation of inoperative accounts and return unclaimed amounts.
Full Answer: Ans: c) To encourage banks to actively pursue customers for reactivation of inoperative accounts and return unclaimed amounts.
The unclaimed deposits targeted by RBI's incentive scheme are currently lying in which fund?
Correct Answer: B) Depositor Education and Awareness (DEA) Fund.
Full Answer: Ans: b) Depositor Education and Awareness (DEA) Fund.
Full Answer: Ans: b) Depositor Education and Awareness (DEA) Fund.
What is the financial outlay approved for the 'Mission for Aatmanirbharta in Pulses' for its six-year period?
Correct Answer: C) "ā¹11,440 crore"
Full Answer: Ans: c) "ā¹11,440 crore"
Full Answer: Ans: c) "ā¹11,440 crore"
Which Rabi crop received the sharpest hike in Minimum Support Price (MSP) for the 2026-27 marketing season?
Correct Answer: D) Safflower
Full Answer: Ans: d) Safflower
Full Answer: Ans: d) Safflower
The Biomedical Research Career Programme (BRCP) Phase III is a collaborative effort between the Department of Biotechnology (DBT) and which international organization?
Correct Answer: C) Wellcome Trust (WT), UK
Full Answer: Ans: c) Wellcome Trust (WT), UK
Full Answer: Ans: c) Wellcome Trust (WT), UK
How many new Kendriya Vidyalayas were approved by the Union Cabinet with an outlay of over ā¹5,862 crore?
Correct Answer: B) "57"
Full Answer: Ans: b) "57"
Full Answer: Ans: b) "57"
What additional percentage of Dearness Allowance (DA) and Dearness Relief (DR) was approved for Central Government employees and pensioners, effective July 1, 2025?
Correct Answer: B) "3 percent"
Full Answer: Ans: b) "3 percent"
Full Answer: Ans: b) "3 percent"
When was the Electronics Component Manufacturing Scheme (ECMS) launched, which has garnered significant investment?
Correct Answer: B) "April 2025"
Full Answer: Ans: b) "April 2025"
Full Answer: Ans: b) "April 2025"
The Electronics Component Manufacturing Scheme (ECMS) has received investment commitments of approximately double its original target. What was the original investment target?
Correct Answer: B) "ā¹59,350 crore ($6.7 billion)"
Full Answer: Ans: b) "ā¹59,350 crore ($6.7 billion)"
Full Answer: Ans: b) "ā¹59,350 crore ($6.7 billion)"
What percentage of participation in the Electronics Component Manufacturing Scheme (ECMS) came from MSMEs?
Correct Answer: C) "Over 60%"
Full Answer: Ans: c) "Over 60%"
Full Answer: Ans: c) "Over 60%"
For how many consecutive quarters have the interest rates for small savings schemes, including PPF and NSC, remained unchanged as of the October-December 2025 quarter?
Correct Answer: C) "Seven quarters"
Full Answer: Ans: c) "Seven quarters"
Full Answer: Ans: c) "Seven quarters"