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Current Affairs & MCQs
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MCQs 2026

1.
In the event of a significant cyber incident, what is a mandatory reporting requirement for banks to the RBI?
A Report only if customer data is compromised
B Report within a specified timeframe, irrespective of data compromise
C Report only if financial loss exceeds a certain threshold
D No mandatory reporting to RBI, only internal investigation
2.
What is the primary responsibility of a bank's Board of Directors concerning cybersecurity, as per RBI's directives?
A To manage daily IT operations
B To approve and oversee the cybersecurity policy and framework
C To conduct forensic analysis of cyber incidents
D To train all employees on cybersecurity best practices
3.
As per RBI's enhanced cybersecurity guidelines for banks, which of the following is a mandatory periodic activity to identify vulnerabilities and weaknesses in their IT infrastructure?
A Annual General Meeting
B Vulnerability Assessment and Penetration Testing (VAPT)
C Customer Satisfaction Survey
D Employee Performance Review
4.
What is a key requirement for Regulated Entities (REs) under RBI's stressed asset resolution framework immediately upon default by a borrower?
A Immediately classify the account as NPA
B Initiate insolvency proceedings
C Undertake a review of the borrower account
D Sell the asset to an Asset Reconstruction Company
5.
Under the RBI's framework for stressed asset resolution, what is the primary mechanism for multiple lenders to agree on a common resolution strategy for a borrower account?
A Bilateral Agreement
B Inter-Creditor Agreement (ICA)
C Debt Recovery Tribunal (DRT) Order
D Asset Reconstruction Company (ARC) Sale
6.
As per RBI's Prudential Framework for Resolution of Stressed Assets, what is the maximum timeline for implementing a Resolution Plan (RP) for accounts with aggregate exposure of ₹2000 crore and above, from the date of default?
A 90 days
B 120 days
C 180 days
D 270 days
7.
According to RBI's framework for digital lending, who is responsible for paying any fees or charges to the Lending Service Providers (LSPs)?
A The borrower directly
B The Regulated Entity (RE)
C The digital lending platform
D The credit bureau
8.
Which crucial document must be provided to the borrower by the Regulated Entity (RE) before the execution of a digital loan contract, as per RBI's customer protection norms?
A Annual Financial Statement
B Key Fact Statement (KFS)
C Credit Information Report
D Loan Utilization Certificate
9.
As per RBI's guidelines on digital lending, which entity is mandated to disburse and repay the loan amount directly to and from the borrower?
A Lending Service Provider (LSP)
B Regulated Entity (RE)
C Third-party collection agent
D Digital lending platform
10.
Which of the following is NOT a key performance indicator for the Pradhan Mantri Awas Yojana (Gramin) in its current phase?
A Number of houses completed.
B Percentage of houses with access to basic amenities (electricity, water, sanitation).
C Average construction time per house.
D Number of beneficiaries who have taken housing loans from private banks.
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