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MCQs 2026

11.
The new digital payment grievance redressal mechanism aims to provide a 'One Nation-One Ombudsman' approach. What does this primarily imply?
A A single ombudsman for all types of financial services.
B Integration of existing ombudsman schemes for banks, NBFCs, and non-bank prepaid payment issuers.
C A single physical office for all grievance redressal.
D A unified digital platform for only international payment disputes.
12.
What is the name of the integrated grievance redressal mechanism introduced by RBI for digital payments?
A Digital Payment Facilitation Scheme
B Integrated Ombudsman Scheme
C National Grievance Portal
D Payment Dispute Resolution Authority
13.
Which regulatory body is responsible for issuing guidelines on cybersecurity for banks in India?
A Securities and Exchange Board of India (SEBI)
B Insurance Regulatory and Development Authority of India (IRDAI)
C Reserve Bank of India (RBI)
D Ministry of Finance
14.
The enhanced cybersecurity framework by RBI for banks typically focuses on which of the following key areas?
A Only physical security measures.
B Strengthening IT governance, incident response, and cyber resilience.
C Reducing the number of bank branches.
D Increasing interest rates on savings accounts.
15.
What is the primary objective of the Reserve Bank of India (RBI) in enhancing the cybersecurity framework for banks?
A To reduce operational costs for banks.
B To promote digital marketing strategies.
C To strengthen the resilience of the financial system against cyber threats and protect customer data.
D To encourage international banking collaborations.
16.
How do Mudra loans contribute to employment generation in India?
A By directly recruiting individuals into government jobs.
B By providing capital for the establishment and expansion of small businesses, leading to job creation.
C By offering unemployment benefits to job seekers.
D By funding large-scale automation projects in industries.
17.
Mudra loans are primarily aimed at providing financial assistance to which of the following sectors to boost growth and employment?
A Large Public Sector Undertakings (PSUs)
B Multinational Corporations (MNCs)
C Micro, Small, and Medium Enterprises (MSMEs)
D Government departments and agencies
18.
What is the maximum loan amount that can be availed under the 'Tarun' category of Mudra loans?
A ₹50,000
B ₹5 lakh
C ₹10 lakh
D ₹20 lakh
19.
What is the primary objective of the Pradhan Mantri Mudra Yojana (PMMY)?
A To provide large corporate loans for infrastructure projects.
B To offer educational loans for higher studies abroad.
C To provide financial assistance to non-corporate, non-farm small/micro-enterprises.
D To fund agricultural subsidies for large farmers.
20.
Which of the following is NOT one of the three product categories of loans under Pradhan Mantri Mudra Yojana (PMMY)?
A Shishu
B Kishor
C Yuva
D Tarun
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