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MCQs - 2026-04

431.
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.
432.
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.
433.
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.
434.
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
435.
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.
436.
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.
437.
Which Indian initiative is being promoted globally through UPI's success?
A Make in India
B Digital India
C India Stack
D Startup India
438.
The global expansion of UPI primarily benefits:
A Only large multinational corporations.
B Individuals and small businesses involved in cross-border transactions.
C Government agencies for internal transfers.
D The development of offline payment systems.
439.
On April 7, 2026, NPCI announced UPI's integration in how many new countries, expanding its global presence?
A One
B Two
C Five
D Ten
440.
What is the primary function of the Unified Payments Interface (UPI)?
A To regulate stock markets.
B To provide a real-time, interoperable digital payment system.
C To issue new currency notes.
D To manage foreign exchange reserves.