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MCQs 2026

61.
Which of the following is a potential long-term benefit for NBFCs from these new prudential norms?
A Increased operational complexity
B Reduced investor confidence
C Improved access to funding and better investor confidence
D Higher compliance costs without commensurate benefits
62.
What is a key objective of the enhanced liquidity management standards for NBFCs?
A To encourage higher dividend payouts
B To ensure NBFCs can meet short-term obligations during market stress
C To reduce the need for regulatory reporting
D To facilitate easier mergers and acquisitions
63.
The new framework introduces a tiered approach to capital requirements for NBFCs based on their:
A Number of employees
B Geographical presence
C Asset size and risk profile
D Customer satisfaction ratings
64.
The new prudential norms for NBFCs include revised:
A Interest rate caps on loans
B Capital adequacy requirements and provisioning norms
C Advertising guidelines for financial products
D Branch expansion policies
65.
Which regulatory body in India has introduced new prudential norms for Non-Banking Financial Companies (NBFCs)?
A Securities and Exchange Board of India (SEBI)
B Ministry of Finance
C Reserve Bank of India (RBI)
D Insurance Regulatory and Development Authority of India (IRDAI)
66.
Despite the growth in digital payments, which of the following remains a challenge?
A Ensuring digital literacy for all segments of the population
B Over-reliance on cash transactions
C Lack of smartphone penetration
D Limited internet access in urban areas
67.
Which organization's data corroborated the milestone of digital payments surpassing traditional transactions in India?
A National Bank for Agriculture and Rural Development (NABARD)
B Reserve Bank of India (RBI)
C National Payments Corporation of India (NPCI)
D Both b and c
68.
Which of the following is a potential benefit of increased digital payment adoption in India?
A Increased prevalence of the shadow economy
B Reduced transparency in financial dealings
C Curbing corruption and tax evasion
D Hindrance to economic efficiency
69.
The surpassing of traditional cash transactions by digital payments in India signifies a move towards:
A Increased reliance on barter systems
B A more transparent and less-cash economy
C Greater use of foreign currencies
D A decline in financial inclusion
70.
Which payment system has been a major driver of digital payment growth in India?
A SWIFT
B RTGS
C NEFT
D Unified Payments Interface (UPI)