Banking and Finance Current Affairs MCQs for Competitive Exams

1.

Which of the following is a common security measure recommended in the new digital payment guidelines?

A Using the same password for all online accounts.

B Sharing One-Time Passwords (OTPs) with unknown callers.

C Enabling Two-Factor Authentication (2FA) wherever possible.

D Clicking on suspicious links in emails or messages.

2.

A key objective of the new digital payment security guidelines is to:

A Promote the use of cash for all transactions.

B Reduce the number of digital payment users.

C Protect consumers from fraudulent activities and enhance trust in digital payments.

D Restrict the types of digital payment methods available.

3.

Which government body has recently issued new guidelines for digital payment security in India?

A Securities and Exchange Board of India (SEBI)

B Ministry of Electronics and Information Technology (MeitY)

C Reserve Bank of India (RBI)

D National Payments Corporation of India (NPCI)

4.

What is the minimum LCR requirement that NBFCs are expected to maintain as per recent RBI guidelines?

A 50%

B 75%

C 100%

D 125%

5.

Which of the following is typically considered a high-quality liquid asset (HQLA) under the LCR framework for NBFCs?

A Unencumbered real estate.

B Corporate bonds with a remaining maturity of less than one year.

C Cash and central bank reserves.

D Loans to other NBFCs.

6.

What is the primary objective of the Reserve Bank of India (RBI) in tightening the Liquidity Coverage Ratio (LCR) norms for Non-Banking Financial Companies (NBFCs)?

A To increase lending to the corporate sector.

B To enhance the resilience of NBFCs to liquidity shocks.

C To reduce the interest rates on loans offered by NBFCs.

D To encourage NBFCs to invest more in government securities.

Banking & Finance MCQs - 2026-06-29