MCQs on RBI Digital Rupee and ULI Integration April 2026

321.

According to the new RBI framework, banks are responsible for data protection and confidentiality even when:

A Services are managed entirely in-house

B Services are outsourced

C Only non-sensitive data is handled

D The service provider is a subsidiary

322.

The revised guidelines emphasize the importance of business continuity and disaster recovery planning for:

A Only internal IT functions

B Outsourced IT functions

C Customer service departments

D Marketing and sales teams

323.

Which of the following is a key provision in the new RBI guidelines regarding IT service providers?

A Reduced due diligence requirements

B Stricter contractual obligations

C Less emphasis on data protection

D No requirement for continuous monitoring

324.

What is a primary objective of the RBI's revised guidelines on outsourcing of IT services by banks?

A To discourage banks from outsourcing IT services

B To strengthen governance and risk management practices for IT outsourcing

C To increase the cost of IT services for banks

D To reduce the need for internal IT departments

325.

Which government scheme is mentioned as having a positive impact on India's financial inclusion efforts?

A Make in India

B Swachh Bharat Abhiyan

C Pradhan Mantri Jan Dhan Yojana (PMJDY)

D Ayushman Bharat

326.

The growth in the FI-Index is attributed to sustained efforts in all of the following EXCEPT:

A Expanding banking penetration

B Increasing the usage of digital payment systems

C Reducing access to formal credit

D Enhancing financial literacy programs

327.

Which of the following is NOT a dimension captured by the FI-Index?

A Access to banking

B Access to credit

C Access to luxury goods

D Financial literacy

328.

What is the latest reported value of India's FI-Index for FY 2025-26?

A 55.2

B 58.9

C 60.1

D 62.5

329.

What is the primary purpose of the RBI's Financial Inclusion Index (FI-Index)?

A To measure the stock market performance

B To measure the extent of financial inclusion in the country

C To track inflation rates

D To assess the health of the banking sector's profitability

330.

The RBI's revised securitisation framework aims to invigorate the market by:

A Reducing the number of participating originators

B Increasing the supply of securitised assets and improving market liquidity

C Limiting the types of securitised assets

D Discouraging banks from freeing up capital

Banking & Finance MCQs