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MCQs 2026

11.
What is the mandatory reporting timeline for banks to inform the RBI about any significant cyber incident, as per the latest guidelines?
A Within 72 hours of detection.
B Within 6 hours of detection.
C Within 24 hours of detection.
D Within 48 hours of detection.
12.
As per RBI's cybersecurity framework for banks, which committee is primarily responsible for overseeing the implementation of the Information Security Policy and ensuring its effectiveness?
A Audit Committee of the Board (ACB)
B IT Strategy Committee
C Information Security Committee
D Risk Management Committee
13.
Which of the following practices is strictly prohibited for Regulated Entities (REs) under the RBI's Digital Lending Guidelines?
A Disclosing the Annual Percentage Rate (APR) to the borrower.
B Providing a detailed Key Fact Statement (KFS) to the borrower.
C Automatically increasing a borrower's credit limit without explicit consent.
D Ensuring a robust grievance redressal mechanism.
14.
What is the primary purpose of the 'cooling-off' or 'look-up' period mandated by the RBI for digital loans?
A To allow borrowers to negotiate a lower interest rate.
B To provide borrowers with an option to exit the loan by paying the principal and proportionate APR without penalty.
C To enable lenders to conduct additional background checks on borrowers.
D To facilitate the transfer of loan funds to the borrower's account.
15.
According to the RBI's Digital Lending Guidelines, which of the following statements regarding loan disbursement and repayment is correct?
A All loan disbursements and repayments must be executed only between the borrower's bank account and the Regulated Entity's (RE) bank account.
B Lending Service Providers (LSPs) are permitted to use their pool accounts for temporary holding of funds.
C Loan disbursements can be made to any third-party account specified by the borrower.
D Repayments can be collected by LSPs directly from the borrower's digital wallet.
16.
The 'Green Jobs' component of the National Skill Development Mission 2.0 primarily aims to train individuals for roles related to:
A Renewable energy, waste management, and sustainable agriculture.
B Fossil fuel extraction and processing.
C Traditional manufacturing and heavy industry.
D Information technology infrastructure development.
17.
What is a key objective of the National Skill Development Mission 2.0, particularly concerning AI and Green Jobs?
A To create a talent pool skilled in AI and sustainable technologies for future economic growth.
B To reduce the number of IT professionals in the country.
C To promote traditional job roles over new technological advancements.
D To focus solely on upskilling workers in the manufacturing sector.
18.
The recently launched National Skill Development Mission 2.0 in 2026 places a significant emphasis on developing skills in which emerging sectors?
A Artificial Intelligence (AI) and Green Jobs
B Traditional Handicrafts and Agriculture
C Mining and Heavy Manufacturing
D Textile and Apparel Industry
19.
Which financial year saw the significant expansion of the PM-Kisan Samman Nidhi scheme to include landless farmers, as per the current context of 2026?
A Financial Year 2025-26
B Financial Year 2023-24
C Financial Year 2021-22
D Financial Year 2019-20
20.
What is the primary objective of the PM-Kisan Samman Nidhi scheme, especially after its expansion to include landless farmers?
A To provide direct income support to all farmers, ensuring their financial stability.
B To subsidize agricultural inputs like fertilizers and seeds.
C To promote crop insurance and reduce farmer suicides.
D To encourage the adoption of modern farming techniques.
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