MCQs on RBI Digital Rupee and ULI Integration April 2026

301.

The surge in digital payments in India is attributed to all of the following EXCEPT:

A Increased financial literacy.

B Wider merchant acceptance.

C Decreased smartphone penetration.

D Continuous innovation in payment solutions.

302.

Which payment system accounted for the majority of digital transactions in India during fiscal year 2025-26?

A Credit and Debit Cards.

B Mobile Wallets.

C Net Banking.

D Unified Payments Interface (UPI).

303.

What was the approximate number of transactions processed by India's digital payments infrastructure in fiscal year 2025-26?

A Over 100 billion.

B Over 150 billion.

C Over 200 billion.

D Over 50 billion.

304.

Which organization announced that India's digital payments infrastructure processed a record number of transactions in fiscal year 2025-26?

A Reserve Bank of India (RBI).

B Ministry of Finance.

C National Payments Corporation of India (NPCI).

D Indian Banks' Association (IBA).

305.

Which of the following aspects of NBFC operations will be subject to stricter guidelines under the new RBI framework?

A Marketing and advertising budgets.

B Asset classification and provisioning norms.

C Employee training programs.

D Branch network expansion.

306.

The enhanced prudential norms for NBFCs are aimed at:

A Increasing the profitability of NBFCs.

B Reducing competition between NBFCs and banks.

C Strengthening financial resilience and mitigating systemic risks.

D Encouraging aggressive lending practices.

307.

Under the new RBI framework, which role is mandated for all Systemically Important NBFCs (SI-NBFCs)?

A Chief Compliance Officer (CCO).

B Chief Financial Officer (CFO).

C Chief Risk Officer (CRO).

D Chief Operations Officer (COO).

308.

A key enhancement in the prudential norms for SI-NBFCs includes:

A A reduction in the Capital to Risk-Weighted Assets Ratio (CRAR).

B A higher Capital to Risk-Weighted Assets Ratio (CRAR) requirement.

C Relaxation of provisioning norms for non-performing assets.

D Reduced oversight on governance and risk management practices.

309.

Which category of Non-Banking Financial Companies (NBFCs) is primarily targeted by the enhanced prudential norms announced by the RBI on April 3, 2026?

A All NBFCs uniformly.

B Small-scale NBFCs with limited assets under management.

C Systemically Important NBFCs (SI-NBFCs).

D NBFCs focused solely on microfinance.

310.

What does the strong investor interest in India's Sovereign Green Bonds indicate?

A A lack of alternative investment opportunities.

B Growing confidence in India's commitment to sustainability and ESG investments.

C A preference for short-term, high-yield instruments.

D A decline in the global demand for government debt.

Banking & Finance MCQs