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MCQs - 2026-08

2201.
Under the new RBI guidelines for digital banking security (August 2026), what is a significant measure banks are expected to implement regarding customer consent for data sharing?
A Obtaining explicit, informed consent for sharing customer data with third parties.
B Assuming consent if the customer does not object within 24 hours.
C Sharing data automatically with all partner companies.
D Not requiring any consent for anonymized data.
2202.
The Reserve Bank of India (RBI) recently issued new guidelines in August 2026 to enhance digital banking security. Which of the following is a key focus area of these new guidelines?
A Reducing the number of ATMs across the country
B Mandating multi-factor authentication for all digital transactions
C Promoting the use of physical passbooks
D Limiting online banking hours to weekdays
2203.
The decision to maintain the repo rate at 6.5% in August 2026 is primarily aimed at achieving which of the following objectives?
A Stimulating rapid economic growth at all costs
B Controlling inflation and ensuring price stability
C Reducing the fiscal deficit significantly
D Encouraging excessive borrowing by the government
2204.
Which committee is responsible for deciding the policy repo rate in India?
A Financial Stability and Development Council (FSDC)
B Monetary Policy Committee (MPC)
C Securities and Exchange Board of India (SEBI) Board
D Reserve Bank of India Board
2205.
As per the RBI's Monetary Policy Committee (MPC) review in August 2026, what is the current Repo Rate?
A 6.25%
B 6.50%
C 6.75%
D 6.00%
2206.
'Kaushal Bharat Abhiyan 2.0' is expected to focus on which of the following key areas to achieve its goals?
A Promoting traditional arts and crafts exclusively
B Integrating skill development with formal education and industry demands
C Providing financial aid for starting small businesses only
D Focusing solely on agricultural skill development
2207.
What is the primary objective of the newly launched 'Kaushal Bharat Abhiyan 2.0'?
A To promote digital literacy in rural schools
B To provide universal basic income to unemployed youth
C To enhance vocational training, industry-relevant skills, and employability among the Indian workforce
D To establish new universities for higher education
2208.
The 'Kaushal Bharat Abhiyan 2.0' has been launched by which Union Ministry to further enhance skill development initiatives across the country?
A Ministry of Education
B Ministry of Labour and Employment
C Ministry of Skill Development and Entrepreneurship
D Ministry of Commerce and Industry
2209.
Which of the following is a key target beneficiary group for the Pradhan Mantri Gramin Awas Yojana (PMAY-G) Phase III?
A Families living in urban informal settlements
B Homeless households and those living in kutcha or dilapidated houses in rural areas
C Government employees seeking housing loans
D Migrant workers in industrial zones
2210.
What is the primary objective of the Pradhan Mantri Gramin Awas Yojana (PMAY-G) Phase III, consistent with the scheme's overall goal?
A To provide affordable housing to urban slum dwellers
B To construct pucca houses with basic amenities for eligible rural households
C To offer rental housing solutions in metropolitan cities
D To develop smart cities in rural areas
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