Banking & Finance MCQs

31.

What is a potential short-term impact on banks due to the implementation of the enhanced RBI Cyber Resilience Framework?

A Significant decrease in operational costs

B Reduced need for technological investments

C Increased operational costs due to technology and human capital investments

D Lowered regulatory compliance burden

32.

Which of the following is NOT a focus area of the enhanced RBI Cyber Resilience Framework?

A Incident response mechanisms

B Employee training and awareness programs

C Relaxation of data privacy norms

D Third-party risk management

33.

The updated RBI Cyber Resilience Framework emphasizes increased collaboration among banks for:

A Reducing inter-bank lending rates

B Real-time threat intelligence sharing and coordinated response

C Developing new banking products

D Managing foreign exchange reserves

34.

A key highlight of the revised RBI Cyber Resilience Framework includes mandatory implementation of:

A Reduced data encryption standards

B Decreased frequency of penetration testing

C Advanced threat detection and prevention systems

D Limited third-party risk management

35.

Which regulatory body in India released the enhanced Cyber Resilience Framework for banks on April 1, 2026?

A Securities and Exchange Board of India (SEBI)

B Reserve Bank of India (RBI)

C Insurance Regulatory and Development Authority of India (IRDAI)

D Ministry of Finance, Government of India

Banking & Finance MCQs - 2026-04-01