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MCQs 2026

11.
When the RBI maintains the status quo on key interest rates in 2026, it generally signals a cautious approach towards inflation and economic growth. What is a likely reason for this decision?
A To aggressively stimulate economic growth by making borrowing cheaper.
B To combat high inflation by making borrowing more expensive.
C To allow existing monetary policy measures to transmit fully into the economy and assess evolving economic conditions.
D To encourage a significant depreciation of the Indian Rupee.
12.
In its latest monetary policy review in 2026, the Reserve Bank of India (RBI) decided to maintain the status quo on key interest rates. Which of the following is the primary policy rate that the RBI typically adjusts?
A Prime Lending Rate
B Repo Rate
C Bank Rate
D Savings Account Interest Rate
13.
The RBI's updated cybersecurity framework in 2026 mandates certain reporting requirements for banks. What is the primary purpose of these enhanced reporting obligations?
A To reduce the regulatory burden on banks.
B To provide the RBI with timely information on cyber incidents and vulnerabilities for better oversight and response.
C To allow banks to share customer data with third-party marketing firms.
D To decrease the frequency of cybersecurity audits conducted by banks.
14.
As part of the enhanced cybersecurity framework in 2026, the RBI has emphasized the importance of specific technological advancements. Which of these is likely to be a focus area for banks to adopt?
A Adoption of legacy mainframe systems for enhanced security.
B Implementation of advanced threat intelligence platforms and AI-driven security analytics.
C Reducing investment in cybersecurity training for employees.
D Phasing out multi-factor authentication for customer convenience.
15.
In 2026, the Reserve Bank of India (RBI) announced enhancements to its cybersecurity framework for banks. Which of the following is a key objective of these enhanced measures?
A To reduce the number of bank branches across the country.
B To strengthen the resilience of banks against evolving cyber threats and protect customer data.
C To mandate the use of a single, centralized banking software for all Indian banks.
D To limit the amount of digital transactions that banks can process daily.
16.
Which of the following categories of farmers are excluded from the benefits of the PM-KISAN scheme?
A Small and marginal farmers
B Institutional land holders
C Farmers with land up to 2 hectares
D Farmers belonging to SC/ST categories
17.
The 17th installment of the PM-KISAN scheme was released in June 2024. Which ministry is responsible for the implementation of this scheme?
A Ministry of Rural Development
B Ministry of Finance
C Ministry of Agriculture and Farmers Welfare
D Ministry of Panchayati Raj
18.
Under the PM-KISAN scheme, what is the annual financial benefit provided to eligible farmer families?
A Rs 4,000
B Rs 6,000
C Rs 8,000
D Rs 10,000
19.
Which of the following flagship urban missions is a key component of India's sustainable urban development agenda and frequently discussed at such conferences?
A Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)
B Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)
C Smart Cities Mission
D National Health Mission (NHM)
20.
Which Union Ministry is typically the nodal agency for organizing the National Conference on Sustainable Urban Development in India?
A Ministry of Agriculture & Farmers Welfare
B Ministry of Rural Development
C Ministry of Housing and Urban Affairs
D Ministry of Environment, Forest and Climate Change
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