RBI Digital Lending & Financial Inclusion MCQs

1.

The RBI's 2026 cybersecurity mandate emphasizes regular vulnerability assessments and penetration testing for banks. What is the purpose of these activities?

A To increase the complexity of banking software.

B To identify and rectify security weaknesses before they can be exploited by attackers.

C To reduce the bank's IT budget.

D To test the speed of internet connections.

2.

As per the RBI's directives in 2026, banks are required to implement robust measures for threat intelligence sharing. What is the intended benefit of such sharing?

A To create a monopoly in cybersecurity solutions.

B To enable a collective defense mechanism against emerging cyber threats.

C To reduce the need for internal IT departments.

D To share customer personal information with third parties.

3.

In 2026, the Reserve Bank of India has mandated enhanced cybersecurity measures for banks. What is a primary objective of these enhanced measures?

A To reduce the number of physical bank branches.

B To protect sensitive customer data and ensure the resilience of banking systems against cyber threats.

C To promote the use of cryptocurrency for all banking transactions.

D To increase the interest rates on savings accounts.

4.

Under the revised digital lending guidelines by the RBI (as of 2026), which entities are permitted to undertake digital lending activities?

A Only banks and Non-Banking Financial Companies (NBFCs) registered with the RBI.

B Any fintech company with a minimum paid-up capital of INR 5 crore.

C All companies registered under the Companies Act, 2013.

D Only NBFCs, banks are excluded.

5.

In the context of the RBI's strengthened digital lending framework (2026), what is the stipulated cooling-off period that borrowers must be offered for digital loans?

A A minimum of 7 days.

B A minimum of 3 days.

C A minimum of 15 days.

D No cooling-off period is mandated.

6.

As of 2026, which of the following is a key enhancement introduced by the RBI in its digital lending framework to bolster consumer protection?

A Mandatory pre-payment of all digital loans within 24 hours.

B Prohibition of all upfront charges and fees on digital loans.

C Requirement for a clear and prominent disclosure of the Annual Percentage Rate (APR) and all associated charges to the borrower.

D Limitation of digital loan tenures to a maximum of 3 months.

7.

What is the target demographic for the 'Skill-on-Wheels' initiative under NSDM Phase III?

A Corporate executives in metropolitan cities

B Youth in remote and underserved rural areas

C Retired government employees

D International students studying in India

8.

Which portal serves as the integrated platform for the National Skill Development Mission Phase III?

A Skill India Digital Hub (SIDH)

B Bharat Rozgar Portal

C National Education Registry

D Udyam Sakhi Portal

9.

The National Skill Development Mission (NSDM) Phase III, launched in 2026, primarily emphasizes which of the following?

A Focus on Artificial Intelligence (AI) and Green Skills

B Traditional agricultural farming techniques only

C Reducing the number of vocational training centers

D Focusing exclusively on primary education

10.

What is the primary objective of the 'Awas Plus' mobile application used in the PMAY-G expansion?

A To track the stock market prices of construction materials

B To facilitate real-time identification and verification of eligible beneficiaries in remote areas

C To book government guest houses for officials

D To provide online banking services to rural residents

MCQs 2026