MCQs on RBI Digital Rupee and ULI Integration April 2026

381.

Which organization's data corroborated the milestone of digital payments surpassing traditional transactions in India?

A National Bank for Agriculture and Rural Development (NABARD)

B Reserve Bank of India (RBI)

C National Payments Corporation of India (NPCI)

D Both b and c

382.

Which of the following is a potential benefit of increased digital payment adoption in India?

A Increased prevalence of the shadow economy

B Reduced transparency in financial dealings

C Curbing corruption and tax evasion

D Hindrance to economic efficiency

383.

The surpassing of traditional cash transactions by digital payments in India signifies a move towards:

A Increased reliance on barter systems

B A more transparent and less-cash economy

C Greater use of foreign currencies

D A decline in financial inclusion

384.

Which payment system has been a major driver of digital payment growth in India?

A SWIFT

B RTGS

C NEFT

D Unified Payments Interface (UPI)

385.

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

386.

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

387.

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

388.

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

389.

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