MCQs on Entertainment Current Affairs

3741.

What is a Central Bank Digital Currency (CBDC)?

A A cryptocurrency issued by private entities.

B A digital form of a country's fiat currency that is a central bank liability.

C A digital token representing ownership in a company.

D A decentralized ledger technology for financial transactions.

3742.

What is a significant positive implication of India's robust digital payments ecosystem?

A Increased reliance on cash transactions.

B Reduced financial inclusion.

C Enhanced financial inclusion and a more transparent economy.

D Higher transaction costs for businesses.

3743.

The surge in digital payments in India is attributed to all of the following EXCEPT:

A Increased financial literacy.

B Wider merchant acceptance.

C Decreased smartphone penetration.

D Continuous innovation in payment solutions.

3744.

Which payment system accounted for the majority of digital transactions in India during fiscal year 2025-26?

A Credit and Debit Cards.

B Mobile Wallets.

C Net Banking.

D Unified Payments Interface (UPI).

3745.

What was the approximate number of transactions processed by India's digital payments infrastructure in fiscal year 2025-26?

A Over 100 billion.

B Over 150 billion.

C Over 200 billion.

D Over 50 billion.

3746.

Which organization announced that India's digital payments infrastructure processed a record number of transactions in fiscal year 2025-26?

A Reserve Bank of India (RBI).

B Ministry of Finance.

C National Payments Corporation of India (NPCI).

D Indian Banks' Association (IBA).

3747.

Which of the following aspects of NBFC operations will be subject to stricter guidelines under the new RBI framework?

A Marketing and advertising budgets.

B Asset classification and provisioning norms.

C Employee training programs.

D Branch network expansion.

3748.

The enhanced prudential norms for NBFCs are aimed at:

A Increasing the profitability of NBFCs.

B Reducing competition between NBFCs and banks.

C Strengthening financial resilience and mitigating systemic risks.

D Encouraging aggressive lending practices.

3749.

Under the new RBI framework, which role is mandated for all Systemically Important NBFCs (SI-NBFCs)?

A Chief Compliance Officer (CCO).

B Chief Financial Officer (CFO).

C Chief Risk Officer (CRO).

D Chief Operations Officer (COO).

3750.

A key enhancement in the prudential norms for SI-NBFCs includes:

A A reduction in the Capital to Risk-Weighted Assets Ratio (CRAR).

B A higher Capital to Risk-Weighted Assets Ratio (CRAR) requirement.

C Relaxation of provisioning norms for non-performing assets.

D Reduced oversight on governance and risk management practices.

MCQs - 2026-04