RBI & Banking MCQs - July 2026 Current Affairs

71.

The RBI's strategy for financial inclusion through digital channels in 2026 heavily relies on the Unified Payments Interface (UPI). What is a significant benefit of UPI in this context?

A It exclusively facilitates large corporate transactions.

B It enables interoperable, real-time, person-to-person and person-to-merchant transactions.

C It requires a physical card for every transaction.

D It is only accessible through internet banking portals.

72.

In 2026, the RBI continues its focus on financial inclusion via digital channels. Which of the following initiatives is primarily aimed at leveraging technology to bring unbanked populations into the formal financial system?

A Introduction of a new series of high-denomination currency notes.

B Expansion of the Pradhan Mantri Jan Dhan Yojana (PMJDY) with enhanced digital onboarding features.

C Mandatory physical branch expansion in remote rural areas.

D Increasing the repo rate to encourage savings.

73.

Which of the following is NOT a prohibited practice for Digital Lending Entities (DLEs) as per the RBI's strengthened customer protection measures in 2026?

A Charging pre-payment penalties on floating rate loans.

B Re-loaning or extension of the loan without the borrower's explicit consent.

C Disclosing the Annual Percentage Rate (APR) to the borrower.

D Collecting any charges or fees in the form of margin or upfront deduction from the loan amount.

74.

As per the 2026 RBI guidelines on digital lending, what is the stipulated timeframe for a digital lending entity to address customer grievances regarding digital loans?

A Within 15 days of receiving the complaint.

B Within 30 days of receiving the complaint.

C Within 45 days of receiving the complaint.

D Within 60 days of receiving the complaint.

75.

In 2026, the Reserve Bank of India (RBI) issued revised guidelines to strengthen customer protection in digital lending. Which of the following is a key measure mandated by these guidelines for all loan disbursals and repayments?

A Mandatory use of a specific RBI-approved digital lending app for all transactions.

B All loan disbursals and repayments must be executed exclusively through bank accounts of the digital lending entity and the borrower.

C Introduction of a cooling-off period of 7 days for all digital loans.

D Digital lending entities must provide a Key Fact Statement (KFS) to the borrower before the loan agreement is executed.

76.

The RBI's focus on security in digital payments in 2026 also involves educating consumers. What is a crucial aspect of this consumer education initiative?

A Encouraging users to share their OTPs with trusted contacts.

B Promoting awareness about common cyber threats and safe online practices.

C Advising users to disable security features for faster transactions.

D Suggesting users to use public Wi-Fi for all financial transactions.

77.

To enhance security in digital payments in 2026, the RBI has been promoting the adoption of specific technologies. Which of the following is a key technology emphasized for secure transactions?

A Magnetic Stripe Technology

B Two-Factor Authentication (2FA) and Tokenization

C Unencrypted SMS Alerts

D Basic Password Protection

78.

In 2026, the significant surge in digital payments continues. What is a primary concern for the RBI in this context?

A The declining use of cash.

B Ensuring the security and integrity of digital payment systems.

C The slow adoption of new payment technologies.

D The high cost of digital transaction processing.

79.

The RBI's move to tighten norms for NBFCs in 2026 might include stricter guidelines on asset classification and provisioning. What is the main implication of such measures?

A Encouraging NBFCs to take on more risky assets.

B Ensuring that NBFCs accurately reflect the quality of their assets and potential losses.

C Reducing the need for NBFCs to maintain liquidity.

D Allowing NBFCs to offer higher interest rates on loans.

80.

As part of the tightened norms in 2026, the RBI has likely increased the Capital Adequacy Ratio (CAR) requirements for certain categories of NBFCs. What is the primary purpose of CAR?

A To measure the profitability of NBFCs.

B To ensure NBFCs have enough capital to absorb unexpected losses.

C To determine the interest rates charged by NBFCs.

D To regulate the number of branches an NBFC can open.

Banking & Finance MCQs