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MCQs - 2026-04

2381.
What does interoperability in payment systems refer to?
A The ability of a single payment system to handle multiple currencies
B The ability of different payment systems to work together seamlessly
C The speed at which transactions are processed
D The security measures employed by payment platforms
2382.
The FI-Index provides a composite measure of various dimensions of financial inclusion, including:
A Access to financial services, quality of financial services, and financial literacy
B Stock market performance and currency exchange rates
C Government debt levels and fiscal deficit
D Inflation rates and interest rate trends
2383.
What is a significant economic benefit of enhanced financial inclusion?
A Increased reliance on informal credit sources
B Reduced economic empowerment of individuals
C Greater economic empowerment and reduced poverty
D Hindrance to savings and investment
2384.
Which of the following is NOT a key driver of the growth in India's FI-Index?
A Expansion of the banking network
B Increased adoption of digital payment systems
C Growth in informal lending practices
D Enhanced access to credit
2385.
The latest FI-Index, released on April 1, 2026, reflects progress up to which period?
A December 2024
B March 2025
C December 2025
D June 2026
2386.
Which institution is responsible for developing and releasing the Financial Inclusion Index (FI-Index) in India?
A National Bank for Agriculture and Rural Development (NABARD)
B Securities and Exchange Board of India (SEBI)
C Reserve Bank of India (RBI)
D Ministry of Finance
2387.
The updated RBI digital lending framework aims to strike a balance between:
A Promoting innovation and increasing regulatory burden
B Encouraging predatory lending and ensuring consumer protection
C Promoting innovation in digital lending and ensuring consumer protection
D Reducing competition and fostering monopolies
2388.
What is a significant measure introduced to protect borrowers' sensitive information under the new framework?
A Increased sharing of borrower data with third parties
B Stricter rules on data collection and usage
C Reduced emphasis on data encryption
D Mandatory public disclosure of borrower financial details
2389.
The updated framework mandates that loan disbursals and repayments must be directly between the bank/NBFC and the borrower's bank account, without:
A Aadhar authentication
B KYC verification
C Pass-through or pooling arrangements with LSPs
D OTP verification
2390.
A key enhancement in the updated RBI digital lending framework is:
A Mandatory upfront disclosure of all charges and fees
B Removal of cooling-off periods for loans
C Allowing loan disbursals through third-party pooling accounts
D Relaxation of data privacy norms