MCQs on RBI Digital Rupee and ULI Integration April 2026

261.

The new guidelines for NBFCs emphasize enhanced disclosure norms. What kind of information will be more granularly provided?

A Employee salaries and benefits.

B Asset quality, profitability, and risk exposures.

C Marketing strategies and advertising spend.

D Details of office infrastructure.

262.

Which category of NBFCs faces stricter capital adequacy and liquidity requirements under the new guidelines?

A Lower-layer NBFCs

B Middle-layer NBFCs

C Upper-layer NBFCs

D All NBFCs face uniform requirements.

263.

The revised guidelines classify NBFCs into different tiers based on:

A Geographical presence.

B Size and systemic importance.

C Number of employees.

D Type of financial products offered.

264.

What is a primary objective of the RBI's revised guidelines for Non-Banking Financial Companies (NBFCs) issued on April 4, 2026?

A To reduce the number of NBFCs in the market.

B To strengthen the regulatory framework, corporate governance, and risk management.

C To encourage unregulated lending practices.

D To shift all financial services to public sector banks.

265.

Which of the following is an example of a recent innovation by NPCI to enhance UPI's utility?

A Introduction of cheque clearing services.

B UPI Lite and UPI International.

C Development of physical currency.

D Mandatory use of credit cards for all transactions.

266.

The widespread adoption of UPI is expected to contribute significantly to:

A Increased reliance on cash.

B Reduced financial inclusion.

C India's digital transformation and financial inclusion.

D A decline in e-commerce growth.

267.

Which of the following is a key factor contributing to the rapid adoption of UPI in India?

A High transaction fees.

B Limited interoperability between banks.

C User-friendly interface and low transaction costs.

D Reliance on physical cash transactions.

268.

On April 4, 2026, UPI achieved a significant milestone by crossing 100 billion transactions in which fiscal year?

A 2023-24

B 2024-25

C 2025-26

D 2026-27

269.

What is the primary organization responsible for the development and operation of India's Unified Payments Interface (UPI)?

A Reserve Bank of India (RBI)

B National Payments Corporation of India (NPCI)

C Ministry of Finance

D Indian Banks' Association (IBA)

270.

Which of the following is NOT a focus area of 'Project Udbhav'?

A Advanced threat intelligence sharing.

B Robust incident response mechanisms.

C Capacity building for cybersecurity professionals.

D Promoting traditional paper-based banking.

Banking & Finance MCQs