MCQs on Banking & Finance Current Affairs (Oct 2026)

1.

What is a key technological focus expected under the 'DigiBank 2.0' initiative to enhance user experience and security?

A Increased reliance on physical passbooks

B Adoption of advanced cybersecurity measures and AI-driven analytics

C Mandatory use of feature phones for all transactions

D Reduction in the use of biometric authentication

2.

Which government ministry or department is primarily associated with the 'DigiBank 2.0' initiative?

A Ministry of Electronics and Information Technology

B Ministry of Finance

C Ministry of Communications

D Ministry of Home Affairs

3.

The government has launched 'DigiBank 2.0' initiative to further enhance digital banking services. Which of the following is a primary objective of this initiative?

A To reduce the number of physical bank branches

B To promote financial inclusion and accessibility of digital banking services

C To increase the interest rates on savings accounts

D To restrict the use of mobile banking apps

4.

According to the RBI's Q3 2026-27 monetary policy review, what is the projected GDP growth rate for the fiscal year 2026-27?

A 6.8%

B 7.0%

C 7.2%

D 7.5%

5.

In the Q3 2026-27 monetary policy review, the RBI's Monetary Policy Committee (MPC) voted to maintain the stance of the monetary policy. What is the current stance?

A Withdrawal of accommodation

B Neutral

C Calibrated tightening

D Focused on withdrawal of accommodation

6.

As per the RBI's Monetary Policy Statement for Q3 2026-27, what is the current repo rate maintained by the Monetary Policy Committee (MPC)?

A 6.00%

B 6.25%

C 6.50%

D 6.75%

7.

Which of the following is NOT a key component of the Digital India Land Records Modernization Programme (DILRMP)?

A Computerization of land records

B Survey/re-survey and updating of the survey and settlement records

C Computerization of Registration

D Providing crop insurance to farmers

8.

Which Union Ministry is primarily responsible for the implementation of the Digital India Land Records Modernization Programme (DILRMP)?

A Ministry of Electronics and Information Technology

B Ministry of Rural Development

C Ministry of Home Affairs

D Ministry of Agriculture & Farmers Welfare

9.

What is the primary objective of the Digital India Land Records Modernization Programme (DILRMP), which is being reviewed in 2026?

A To provide financial assistance to landless farmers

B To develop a modern, comprehensive, and transparent land records management system

C To promote organic farming practices across the country

D To establish new agricultural universities

10.

Which of the following categories of beneficiaries is generally excluded from receiving benefits under the PM-KISAN scheme, as per the guidelines in 2026?

A All landholding farmers, irrespective of land size

B Farmers who are income tax payees

C Small and marginal farmers

D Farmers with less than 2 hectares of land

MCQs 2026