A Short Introduction of PARVAAR Portal
There is no doubt that India has came out to became a fast-evolving economy in the world In 2025 and the new startups, businesses and investors is playing a pivotal role in driving country’s economic growth. It is necessary for the government to take some strong steps for the smooth running of businesses and the sustainable development of the industries has became a crucial component of the government. The government of India has recognized the challenges faced by businesses entities and taken a bold step to introduced PARVAAH portal.
Here is a set of 15 Multiple Choice Questions (MCQs) based on the topic PRAVAAH Portal by the Reserve Bank of India (RBI), along with the correct answers
Let’s start the Multiple Choice Questions (MCQs) based on the topic PRAVAAH Portal
01) What do you understand the word “PRAVAAH” from the following?
A) Platform for Regulatory Activities with Automated Authorization Hub
B) Platform for Regulatory Application, Validation, and Authorization Hub
C) Program for RBI Approval and Validation Authority Hub
D) Portal for RBI Assessment and Authorization Handling
Correct answer is option “B”
02) Which of the following organization has launched the PRAVAAH portal?
A) Ministry of Finance
B) Securities and Exchange Board of India (SEBI)
C) Reserve Bank of India (RBI)
D) NITI Aayog
Correct answer is option “C”
03) What is the primary purpose of the PRAVAAH portal from the following?
A) Online banking transactions
B) File income tax returns
C) Register company name and PAN
D) Submit and track regulatory applications with RBI
Correct answer is option “D”
04) When was the PRAVAAH portal officially launched by the RBI?
A) 28th May 2024
B) 28th April 2024
C) 28th March 2024
D) 28th January 2024
Correct answer is option “A”
05) How many categories of regulatory approval were available at the time of PRAVAAH’s launch?
A) Only 30
B) Only 45
C) More than 60
D) None of the above
Correct answer is option “C”
06) Which of the following is not a feature of the PRAVAAH portal?
A) Status tracking
B) Automatic loan approval
C) Secure messaging
D) Online document submission
Correct answer is option “B”
07) Who can use the PRAVAAH portal from the following?
A) Only Scheduled Banks
B) Only Government Departments
C) Only Foreign Investors
D) Any individual or entity seeking regulatory permission from RBI
Correct answer is option “D”
08) What is one key benefit from the following of using the PRAVAAH portal?
A) Faster processing and transparent communication
B) Increasing interest rates
C) Currency conversion services
D) Avoiding tax filing
Correct answer is option “A”
09) Which of the following departments is not directly linked to the PRAVAAH portal?
A) Department of Supervision
B) Foreign Exchange Department
C) Department of Information Technology
D) Department of Payment and Settlement Systems
Correct answer is option “C”
10) The PRAVAAH portal supports the vision of which of the following national mission?
A) Start-up India
B) Make in India
C) Digital India
D) Skill India
Correct answer is option “C”
11) What type of application cannot be submitted through PRAVAAH portal?
A) Request for foreign exchange license
B) Application for banking license
C) Request list of Online shopping
D) Compounding applications under FEMA
Correct answer is option “C”
12) What type of the following document is generated after the successful submission of application on the PRAVAAH portal?
A) Physical token
B) Acknowledgment with an unique number
C) Handwritten receipt
D) Fax confirmation
Correct answer is option “B”
13) Which of the following is correct from the following about the PRAVAAH portal accessibility?
A) Only works during RBI office hours
B) Only accessible to RBI staff
C) Available through SMS
D) Accessible 24×7 to registered users
Correct answer is option “D”
14) PRAVAAH portal helps in enhancing RBI’s approach by making it more________.
A) Traditional and document-based
B) Complex and opaque
C) Transparent and accountable
D) Slow and manual
Correct answer is option “C”
15) What kind of communication is enabled between RBI and applicants through PRAVAAH portal?
A) Post mail only
B) Phone calls only
C) In-person interviews only
D) Secure digital messaging
Correct answer is option “D”
Click here to read the short Note on the “PRAVAAH portal”
All the best for the Bright Future.