RBI Banking Reforms & Financial Inclusion MCQs for Exams

1.

Enhanced reporting for NBFCs by RBI often includes detailed information on which of the following aspects?

A Only the number of employees.

B Asset quality, liquidity position, and capital adequacy.

C Marketing expenditure and advertising campaigns.

D Details of corporate social responsibility (CSR) activities.

2.

Which category of NBFCs is typically subjected to more stringent or enhanced reporting requirements by the RBI?

A All NBFCs, regardless of their size.

B Only micro-finance institutions (MFIs).

C Systemically Important NBFCs (NBFC-SI) and Upper Layer NBFCs.

D NBFCs operating only in rural areas.

3.

What is the primary reason behind the RBI mandating enhanced reporting requirements for Non-Banking Financial Companies (NBFCs)?

A To reduce the number of NBFCs operating in India.

B To improve regulatory oversight and strengthen financial stability.

C To encourage NBFCs to convert into banks.

D To increase the tax revenue from NBFCs.

4.

Which of the following is a key feature of the RBI's new digital payment grievance redressal mechanism?

A It requires physical submission of all complaints.

B It provides a single point of reference for customers to file complaints, irrespective of the product or service.

C It only covers grievances related to credit cards.

D It is exclusively for high-value transactions.

5.

The new digital payment grievance redressal mechanism aims to provide a 'One Nation-One Ombudsman' approach. What does this primarily imply?

A A single ombudsman for all types of financial services.

B Integration of existing ombudsman schemes for banks, NBFCs, and non-bank prepaid payment issuers.

C A single physical office for all grievance redressal.

D A unified digital platform for only international payment disputes.

6.

What is the name of the integrated grievance redressal mechanism introduced by RBI for digital payments?

A Digital Payment Facilitation Scheme

B Integrated Ombudsman Scheme

C National Grievance Portal

D Payment Dispute Resolution Authority

7.

Which regulatory body is responsible for issuing guidelines on cybersecurity for banks in India?

A Securities and Exchange Board of India (SEBI)

B Insurance Regulatory and Development Authority of India (IRDAI)

C Reserve Bank of India (RBI)

D Ministry of Finance

8.

The enhanced cybersecurity framework by RBI for banks typically focuses on which of the following key areas?

A Only physical security measures.

B Strengthening IT governance, incident response, and cyber resilience.

C Reducing the number of bank branches.

D Increasing interest rates on savings accounts.

9.

What is the primary objective of the Reserve Bank of India (RBI) in enhancing the cybersecurity framework for banks?

A To reduce operational costs for banks.

B To promote digital marketing strategies.

C To strengthen the resilience of the financial system against cyber threats and protect customer data.

D To encourage international banking collaborations.

Banking & Finance MCQs - 2026-06-02