As part of its 2026 cybersecurity initiatives, the RBI mandates that banks must report cyber incidents within a specified timeframe. What is the typical reporting window mandated by the RBI for significant cyber incidents?
A Within 72 hours of detection.
B Within 24 hours of detection.
C Within 12 hours of detection.
D Within 6 hours of detection.
Answer: B
The RBI typically mandates a reporting window of 24 hours for significant cyber incidents to ensure timely awareness and appropriate regulatory intervention. This allows for swift action to contain the damage and prevent further spread.
2.
The RBI's focus on cybersecurity resilience in 2026 includes promoting regular and realistic cyber drills. What is the primary purpose of these drills for banks?
A To test the efficiency of customer service representatives.
B To assess and improve the bank's incident response capabilities.
C To train employees on new banking products.
D To evaluate the performance of the marketing department.
Answer: B
Cyber drills are designed to simulate real-world cyber-attacks, allowing banks to test their incident response plans, identify weaknesses in their security infrastructure, and train their teams to respond effectively to cyber incidents.
3.
In 2026, the RBI has been emphasizing enhanced cybersecurity resilience in the banking sector. Which of the following is a key recommendation by the RBI to strengthen banks' defenses against sophisticated cyber threats?
A Reducing the number of IT personnel in banks.
B Implementing a 'Zero Trust' security architecture.
C Limiting the use of multi-factor authentication (MFA).
D Encouraging the use of outdated software for better compatibility.
Answer: B
A 'Zero Trust' model assumes that no user or device, whether inside or outside the network, can be trusted by default. This approach requires strict verification for every access request, significantly enhancing security against advanced threats.
4.
According to the RBI's updated digital lending framework in 2026, what is the stipulated timeframe for a Digital Lending App (DLA) to provide a clear and comprehensive summary of the loan, including all charges, to the borrower?
A Within 24 hours of loan approval.
B Before the loan agreement is signed.
C Within 48 hours of loan disbursal.
D At the time of the first EMI payment.
Answer: B
The guidelines emphasize that borrowers must receive a clear and comprehensive summary of the loan, including all charges, fees, and the Annual Percentage Rate (APR), before they are asked to sign the loan agreement. This ensures informed consent.
5.
The RBI's 2026 digital lending guidelines mandate that all loan disbursals and repayments should be conducted ONLY through bank accounts of the regulated entities (REs) and not through any third-party accounts. What is the primary objective behind this mandate?
A To increase the speed of loan processing.
B To reduce the operational costs for lenders.
C To prevent mis-selling and ensure transparency in financial transactions.
D To encourage the use of digital payment gateways.
Answer: C
This mandate aims to bring all digital lending transactions under the direct purview of regulated entities, thereby enhancing transparency, preventing unauthorized intermediaries from handling funds, and mitigating risks associated with mis-selling and fraud.
6.
As per the revised digital lending guidelines issued by the RBI in 2026, which of the following is NOT a mandatory requirement for a Digital Lending App (DLA)?
A Disclosure of all-in-cost of loans to borrowers.
B Appointment of a Chief Compliance Officer (CCO) for the lending institution.
C Mandatory upfront disclosure of the Annual Percentage Rate (APR).
D Prohibition of automatic credit limit enhancement without explicit consent.
Answer: B
While the guidelines emphasize transparency and borrower protection, the appointment of a Chief Compliance Officer (CCO) is a general regulatory requirement for many financial institutions but not specifically mandated for every Digital Lending App (DLA) under these particular revised guidelines. The other options are key mandates for DLAs.
7.
The expansion of Ayushman Bharat Digital Mission (ABDM) to all rural health centers is expected to significantly improve healthcare accessibility and efficiency in rural India by primarily enabling what?
A Direct cash transfers for medical treatments.
B Seamless access to digital health records and teleconsultation services.
C Construction of new hospitals in every village.
D Exclusive focus on preventive care programs.
Answer: B
By expanding ABDM, rural populations gain seamless access to their digital health records, enabling better continuity of care, and facilitating teleconsultation services, which can bridge geographical barriers to specialist medical advice.
8.
Which of the following is a core component of the Ayushman Bharat Digital Mission (ABDM) that facilitates the creation and linking of digital health records for individuals?
A Pradhan Mantri Jan Arogya Yojana (PMJAY)
B Ayushman Bharat Health Account (ABHA)
C National Health Authority (NHA)
D Health Management Information System (HMIS)
Answer: B
The Ayushman Bharat Health Account (ABHA) is a unique 14-digit health ID that allows individuals to link their health records digitally across various healthcare providers, ensuring easy access and sharing of medical information within the ABDM ecosystem.
9.
What is the primary objective behind the expansion of the Ayushman Bharat Digital Mission (ABDM) to cover all rural health centers by 2026?
A To establish a uniform digital health infrastructure across rural and urban areas.
B To exclusively provide free telemedicine services to rural patients.
C To replace all physical health records with digital ones immediately.
D To primarily focus on urban healthcare facilities.
Answer: A
The expansion aims to ensure that the benefits of digital health services, including creation of ABHA IDs, access to digital health records, and teleconsultation, are accessible to the rural population, thereby creating a seamless and integrated national digital health ecosystem.
