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MCQs - 2026-03

231.
The RBI's enhanced cybersecurity framework is a response to:
A A decrease in digital transactions.
B The increasing sophistication of cyberattacks.
C A desire to revert to traditional banking methods.
D A surplus of cybersecurity professionals.
232.
Penalties are stipulated for:
A Exceeding transaction limits.
B Non-adherence to the cybersecurity framework.
C Introducing new payment methods.
D Offering competitive interest rates.
233.
What is the RBI's role in ensuring compliance with the updated cybersecurity framework?
A It will not monitor compliance.
B It will conduct periodic reviews and audits.
C It will only intervene in cases of major breaches.
D It will rely solely on self-certification by operators.
234.
Employee training on cybersecurity best practices is a component of the new RBI directive. This aims to:
A Reduce the need for automated security systems.
B Enhance the human element in cybersecurity defenses.
C Focus solely on physical security measures.
D Limit employee access to sensitive information.
235.
Regular security audits and penetration testing are now:
A Optional for payment system operators.
B Discouraged by the RBI.
C Mandatory requirements under the new framework.
D To be conducted only once every five years.
236.
What does the updated framework require regarding critical payment system data?
A Encouraging its storage in cloud servers globally.
B Stricter data localization requirements.
C Allowing unrestricted access to this data.
D Reducing the importance of its security.
237.
The RBI's new framework places increased emphasis on:
A Reducing the number of payment system operators.
B Increasing the reliance on manual transaction processing.
C Accountability of payment system operators in case of security breaches.
D Discouraging the use of digital payment methods.
238.
Which of the following is a key enhancement mandated by the RBI's updated cybersecurity framework?
A Mandatory use of outdated security protocols.
B Relaxation of data localization requirements.
C Mandatory adoption of advanced threat detection and response mechanisms.
D Reduced accountability for payment system operators.
239.
When is the RBI's enhanced cybersecurity framework for payment systems set to become effective?
A January 1, 2026
B July 1, 2026
C April 1, 2026
D October 1, 2026
240.
What is the primary objective of the RBI's enhanced cybersecurity framework for payment systems?
A To reduce transaction fees for digital payments.
B To bolster the resilience of India's digital payment infrastructure against cyber threats.
C To promote the use of physical currency.
D To limit the number of digital transactions allowed per day.