MCQs on Entertainment Current Affairs

2321.

What does the reaffirmation of the inflation targeting framework by the RBI signal?

A A shift towards prioritizing growth over inflation control.

B A continued focus on price stability as a key objective.

C An intention to increase the inflation target.

D A move away from data-driven monetary policy.

2322.

The primary objective of India's inflation targeting framework is to:

A Maximize economic growth at all costs.

B Maintain price stability while keeping in mind the objective of growth.

C Control the exchange rate of the Indian Rupee.

D Regulate the stock market.

2323.

Which committee is responsible for reviewing and setting monetary policy in India?

A Fiscal Policy Committee

B Securities and Exchange Board of India (SEBI)

C Monetary Policy Committee (MPC)

D Reserve Bank of India Board

2324.

What is the current mandated inflation target for India under the Flexible Inflation Targeting (FIT) framework?

A 2% +/- 1%

B 4% +/- 2%

C 6% +/- 3%

D 5% +/- 2%

2325.

For India, the implementation of Basel III finalization will require:

A Ignoring international banking standards.

B Alignment of domestic prudential frameworks with international norms.

C Reducing capital requirements for Indian banks.

D Focusing solely on domestic financial markets.

2326.

The finalized Basel III framework aims to address vulnerabilities in the global banking system by:

A Encouraging higher risk-taking by banks.

B Increasing the variability of capital requirements.

C Enhancing the robustness of credit and operational risk frameworks.

D Reducing the need for regulatory oversight.

2327.

Which of the following is a key provision of the finalized Basel III framework?

A Reduction in risk-weighted asset (RWA) calculations.

B Introduction of an output floor to limit RWA variability.

C Relaxation of liquidity coverage ratios.

D Simplification of operational risk frameworks.

2328.

The finalization of the Basel III framework on April 7, 2026, is often referred to by market participants as:

A Basel II

B Basel IV

C Basel V

D Basel III.1

2329.

What is the primary objective of the Basel Accords?

A To promote aggressive lending by banks.

B To ensure banks have sufficient capital to absorb losses and promote financial stability.

C To dictate interest rates for loans.

D To regulate the stock market.

2330.

What is a significant implication of UPI's cross-border integration for India?

A Reduced tourism to India.

B Increased difficulty for Non-Resident Indians (NRIs) to send remittances.

C Enhanced global reach of India's digital payment infrastructure.

D Decreased economic integration with other nations.

MCQs - 2026-04