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MCQs - 2026-04

1311.
Which of the following is an example of a recent innovation by NPCI to enhance UPI's utility?
A Introduction of cheque clearing services.
B UPI Lite and UPI International.
C Development of physical currency.
D Mandatory use of credit cards for all transactions.
1312.
The widespread adoption of UPI is expected to contribute significantly to:
A Increased reliance on cash.
B Reduced financial inclusion.
C India's digital transformation and financial inclusion.
D A decline in e-commerce growth.
1313.
Which of the following is a key factor contributing to the rapid adoption of UPI in India?
A High transaction fees.
B Limited interoperability between banks.
C User-friendly interface and low transaction costs.
D Reliance on physical cash transactions.
1314.
On April 4, 2026, UPI achieved a significant milestone by crossing 100 billion transactions in which fiscal year?
A 2023-24
B 2024-25
C 2025-26
D 2026-27
1315.
What is the primary organization responsible for the development and operation of India's Unified Payments Interface (UPI)?
A Reserve Bank of India (RBI)
B National Payments Corporation of India (NPCI)
C Ministry of Finance
D Indian Banks' Association (IBA)
1316.
Which of the following is NOT a focus area of 'Project Udbhav'?
A Advanced threat intelligence sharing.
B Robust incident response mechanisms.
C Capacity building for cybersecurity professionals.
D Promoting traditional paper-based banking.
1317.
The launch of 'Project Udbhav' is expected to contribute to:
A Increased operational costs for banks.
B Erosion of customer trust in digital services.
C Building a more secure and resilient financial ecosystem.
D Reduced competition among financial institutions.
1318.
Which of the following activities is emphasized under 'Project Udbhav' to test the resilience of financial institutions?
A Increasing the number of physical branches.
B Regular cybersecurity audits and simulated cyberattack drills.
C Reducing the use of online banking services.
D Mandatory manual record-keeping for all transactions.
1319.
A key component of 'Project Udbhav' involves the establishment of a centralized platform for:
A Customer grievance redressal.
B Cyber threat intelligence sharing and analysis.
C Issuance of new currency notes.
D Managing foreign exchange reserves.
1320.
What is the primary objective of RBI's 'Project Udbhav' launched on April 4, 2026?
A To promote digital payment adoption.
B To enhance cybersecurity preparedness and response in the financial sector.
C To regulate cryptocurrency exchanges.
D To reduce interest rates on loans.