Current Affairs & MCQs
Latest Questions, Daily Updates & More

MCQs 2026

1.
The report emphasizes the importance of leveraging technology and strengthening which initiatives to address remaining gaps in financial inclusion?
A Monetary policy interventions.
B Fiscal stimulus packages.
C Financial literacy initiatives.
D Trade liberalization policies.
2.
Which of the following is identified as a persistent challenge in India's financial inclusion drive?
A Excessive availability of credit.
B High levels of financial literacy.
C Limited access to credit for small businesses and farmers.
D Over-reliance on digital payment channels.
3.
According to the report released on April 3, 2026, what percentage of households in rural and semi-urban areas now have access to formal banking services?
A Approximately 75%.
B Approximately 85%.
C Approximately 95%.
D Approximately 60%.
4.
Which government initiative has significantly improved access to banking services, particularly in rural and semi-urban areas?
A Make in India.
B Swachh Bharat Abhiyan.
C Pradhan Mantri Jan Dhan Yojana (PMJDY).
D Ayushman Bharat Yojana.
5.
Which of the following is a key policy objective for the Indian government related to financial access?
A Increasing the number of non-performing assets.
B Ensuring access to affordable, appropriate, and timely financial products and services for all.
C Promoting the use of informal financial channels.
D Reducing the number of bank branches in rural areas.
6.
The phased implementation of the Basel III finalization reforms in India is scheduled to begin from and conclude by:
A April 1, 2025, and April 1, 2028.
B April 1, 2026, and April 1, 2029.
C April 1, 2027, and April 1, 2030.
D April 1, 2028, and April 1, 2031.
7.
What is the 'output floor' introduced in the Basel III finalization reforms?
A A minimum interest rate for loans.
B A limit on the extent to which banks can reduce their risk-weighted assets (RWAs) by using internal models.
C A maximum leverage ratio for banks.
D A minimum liquidity coverage ratio.
8.
The RBI's roadmap for Basel III finalization, announced on April 3, 2026, mandates Indian banks to adopt new standardized approaches for which risks?
A Market risk and liquidity risk.
B Credit risk and operational risk.
C Interest rate risk and foreign exchange risk.
D Systemic risk and sovereign risk.
9.
What is the primary objective of the Basel III framework?
A To increase bank profitability.
B To strengthen bank capital requirements, improve risk management, and enhance transparency.
C To reduce the number of banks in the system.
D To promote aggressive lending practices.
10.
The Basel Accords are international banking regulations established by:
A The International Monetary Fund (IMF).
B The World Bank.
C The Basel Committee on Banking Supervision (BCBS).
D The Financial Stability Board (FSB).