Daily Quiz – 18.07.2026

1. It aims to enhance domestic value addition and strengthen supply chain resilience in mobile phone manufacturing.
2. The scheme will remain in force from FY 2026–27 to FY 2030–31.
3. It provides incentive support on eligible sales at differentiated rates ranging from 2.25% to 5%.
4. An additional incentive is available for domestic sourcing of key components and sub-assemblies.
5. The scheme focuses only on manufacturing and does not provide incentives for product design and Research & Development (R&D).

How many of the above statements are correct?

1. It prescribes a separate accounting and disclosure framework for certain immovable assets acquired by banks during loan recovery.
2. It mandates that such assets should ordinarily be disposed of through a transparent and time-bound process rather than retained indefinitely.
3. It seeks to strengthen recovery from distressed borrowers while ensuring that banks do not increasingly engage in ownership and management of non-financial assets.

The above statements have been associated with which of the following?

1. Asset Quality Review (AQR)
2. Specified Non-Financial Assets (SNFA) Framework
3. Prudential framework for Resolution of Stressed Assets
4. Prompt Corrective Action (PCA) Framework

Select the answer using the code given below:

1. The Chotanagpur Industrial Region developed primarily due to the availability of coal and iron ore.
2. The Mumbai–Pune Industrial Region initially emerged mainly because of the proximity to cotton-growing areas and port facilities.
3. The Hugli Industrial Region owes its growth primarily to the availability of petroleum reserves in eastern India.

Which of the statements given above are correct?