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MCQs - 2026-06

1371.
What is the primary objective of the RBI's new Customer Centricity Framework for banks?
A To increase bank profits by reducing customer service costs
B To ensure fair treatment of customers and enhance the quality of customer service
C To limit the number of services offered by banks
D To promote digital-only banking services
1372.
The enhanced regulatory framework for NBFCs, often referred to as the Scale-Based Regulation (SBR), categorizes NBFCs based on what?
A Their geographical presence
B Their size, activity, and perceived riskiness
C The number of employees they have
D The type of customers they serve
1373.
Which of the following is a common area where RBI has tightened norms for NBFCs, particularly concerning asset quality?
A Relaxing Non-Performing Asset (NPA) classification norms
B Introducing stricter income recognition and asset classification (IRAC) norms
C Allowing NBFCs to hold unlimited liquid assets
D Reducing capital adequacy requirements
1374.
What is a key reason for the RBI tightening norms for Non-Banking Financial Companies (NBFCs)?
A To encourage more NBFCs to enter the market
B To align NBFC regulations with international banking standards and mitigate systemic risks
C To reduce the overall lending capacity of NBFCs
D To promote only government-owned NBFCs
1375.
The new framework by RBI for digital payment security is expected to primarily address which of the following concerns?
A Lack of physical infrastructure for payments
B Increasing instances of cyber fraud and data breaches in digital payments
C High transaction fees for digital payments
D Limited availability of digital payment options
1376.
Which of the following entities are primarily covered under RBI's new framework for enhancing digital payment security?
A Only traditional banks
B Only foreign exchange dealers
C Payment System Operators (PSOs) and Payment System Participants (PSPs)
D Only government-owned financial institutions
1377.
What is the primary objective of the new framework introduced by RBI for digital payment security?
A To promote cash transactions
B To enhance the security and resilience of digital payment systems
C To reduce the number of digital payment users
D To regulate international payment gateways only
1378.
Which of the following categories of individuals is generally *excluded* from the benefits of the PM-KISAN scheme?
A Small and marginal farmers owning cultivable land.
B Farmers holding constitutional posts.
C Landless agricultural laborers.
D Farmers with less than 2 hectares of land.
1379.
The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme was launched in which year?
A 2016
B 2017
C 2018
D 2019
1380.
What is the annual financial assistance provided to eligible farmer families under the PM-KISAN scheme, and in how many equal installments?
A ₹6,000 in three equal installments of ₹2,000 each.
B ₹12,000 in two equal installments of ₹6,000 each.
C ₹4,000 in two equal installments of ₹2,000 each.
D ₹8,000 in four equal installments of ₹2,000 each.
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