Banking and Finance Current Affairs MCQs for Competitive Exams

1.

These new guidelines for digital banking security are applicable to which entities regulated by the RBI?

A Only large public sector banks

B All banks and regulated financial entities offering digital services

C Only payment banks and small finance banks

D Non-banking financial companies (NBFCs) only

2.

Which of the following is likely a component of the RBI's new digital banking security guidelines?

A Mandatory use of biometric authentication for all transactions

B Stricter Know Your Customer (KYC) norms for digital accounts

C Implementation of multi-factor authentication and enhanced fraud monitoring

D Restrictions on the types of devices used for online banking

3.

What is a key objective of the new guidelines issued by the RBI for enhanced digital banking security?

A To reduce the number of bank branches

B To increase transaction charges

C To protect customers from digital fraud and enhance trust

D To promote the use of physical currency

4.

Maintaining the repo rate at 6.5% typically indicates the RBI's stance on which economic aspect?

A Aggressive inflation targeting

B Stimulating economic growth at all costs

C Balancing inflation control with economic growth

D Reducing the fiscal deficit

5.

Which committee's decision determines the repo rate in India?

A Finance Commission

B Monetary Policy Committee (MPC)

C Securities and Exchange Board of India (SEBI) Board

D NITI Aayog

6.

As per the RBI's June 2026 policy review, what is the current Repo Rate?

A 6.25%

B 6.50%

C 6.75%

D 7.00%

Banking & Finance MCQs - 2026-06-16