Banking & Finance MCQs: RBI, Digital Payments, Green Finance

1.

Why is the RBI focusing on Green Finance?

A To comply with international climate commitments and manage systemic risks

B To increase the profit margins of private banks only

C To stop all digital transactions

D To reduce the number of bank branches

2.

Which of the following is a key component of the RBI's Green Finance framework?

A Mandatory investment in stock markets

B Disclosure norms for climate-related financial risks

C Abolition of all interest rates

D Privatization of all public sector banks

3.

What is the main focus of the RBI's new regulatory framework for Green Finance?

A To promote coal-based energy projects

B To encourage sustainable and climate-resilient investments

C To increase the import of plastic goods

D To reduce the capital requirements for banks

4.

How does 'BharatPay' primarily support rural financial inclusion?

A By offering high-interest loans to corporations

B By simplifying digital payment access for rural users

C By banning all cash transactions

D By providing free land to farmers

5.

Which organization is the developer of the 'BharatPay' platform?

A Reserve Bank of India

B National Payments Corporation of India (NPCI)

C State Bank of India

D Ministry of Rural Development

6.

What is the primary goal of the 'BharatPay' initiative launched by NPCI?

A To increase urban luxury spending

B To enhance rural digital financial inclusion

C To replace physical currency with gold

D To provide international banking services

7.

What happens to the cost of borrowing for commercial banks when the repo rate remains unchanged?

A It increases

B It decreases

C It remains stable

D It becomes zero

8.

Which body is responsible for deciding the repo rate in India?

A Ministry of Finance

B Securities and Exchange Board of India (SEBI)

C Monetary Policy Committee (MPC)

D NITI Aayog

9.

What is the primary objective of the RBI's Monetary Policy Committee (MPC) when maintaining the repo rate?

A To increase fiscal deficit

B To maintain price stability while keeping growth in mind

C To devalue the national currency

D To reduce foreign exchange reserves

Banking & Finance MCQs - 2026-06-18