Current Affairs & MCQs
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1.
The RBI's financial inclusion initiatives often involve collaboration with other entities. Which of the following is a common partner in these efforts?
A International arms manufacturers.
B Non-governmental organizations (NGOs) and financial technology (FinTech) companies.
C Luxury goods retailers.
D Foreign stock exchanges only.
2.
Which of the following is a key strategy often employed by the RBI to promote financial inclusion in remote areas?
A Closing down all rural bank branches.
B Encouraging the use of mobile banking and digital payment solutions.
C Restricting access to basic savings accounts.
D Increasing the minimum balance requirement for all accounts.
3.
The RBI's renewed focus on financial inclusion aims to bring more individuals and businesses into the formal financial system. Which of the following is a primary goal of these initiatives?
A To increase the number of ATMs in metropolitan cities.
B To ensure access to affordable financial products and services like credit, insurance, and payments for all segments of society.
C To promote the issuance of high-value loans only.
D To reduce the role of digital banking in rural areas.
4.
The RBI's enhanced cybersecurity framework emphasizes a 'defense-in-depth' strategy. What does this strategy primarily entail?
A Focusing all security efforts on a single, strong perimeter defense.
B Implementing multiple layers of security controls to protect critical assets.
C Relying solely on external cybersecurity vendors for protection.
D Reducing the number of security personnel to cut costs.
5.
Which of the following is NOT typically a component of RBI's enhanced cybersecurity framework for banks?
A Regular security audits and penetration testing.
B Mandatory implementation of advanced encryption standards.
C Establishing a dedicated cybersecurity task force within each bank.
D Developing robust incident response and recovery plans.
6.
The Reserve Bank of India (RBI) recently enhanced its cybersecurity framework for banks. Which of the following is a key objective of these enhanced guidelines?
A To reduce the number of bank branches across the country.
B To strengthen the resilience of banks against cyber threats and ensure the security of customer data.
C To promote the use of physical currency over digital transactions.
D To limit the types of financial products banks can offer.
7.
How is the financial assistance under the PM-KISAN scheme transferred to the beneficiaries?
A Through cheques issued by local agricultural departments.
B Directly into bank accounts via Direct Benefit Transfer (DBT).
C Via post office savings accounts only.
D Through agricultural cooperative societies.
8.
Which of the following categories of beneficiaries is generally *excluded* from the PM-KISAN scheme?
A Small and marginal farmers.
B Farmers with cultivable land up to 2 hectares.
C Families whose one or more members are income tax payees.
D Farmers belonging to Scheduled Castes and Scheduled Tribes.
9.
What is the primary objective of the PM-KISAN scheme?
A To provide crop insurance to farmers.
B To provide income support to all landholding farmer families.
C To promote organic farming practices across the country.
D To offer agricultural loans at subsidized interest rates.
10.
Which Union Ministry is responsible for the implementation of the PM-KISAN scheme?
A Ministry of Finance
B Ministry of Rural Development
C Ministry of Agriculture & Farmers Welfare
D Ministry of Food Processing Industries
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