MCQs on RBI Digital Lending, Cybersecurity, and Financial Inclusion

41.

NEEDS_REVIEW

A NEEDS_REVIEW

B NEEDS_REVIEW

C NEEDS_REVIEW

D NEEDS_REVIEW

42.

Which scheme is the cornerstone of the Indian government's financial inclusion drive in rural areas?

A Pradhan Mantri Jan Dhan Yojana (PMJDY)

B Atal Pension Yojana

C Kisan Credit Card Scheme

D MUDRA Yojana

43.

NEEDS_REVIEW

A NEEDS_REVIEW

B NEEDS_REVIEW

C NEEDS_REVIEW

D NEEDS_REVIEW

44.

NEEDS_REVIEW

A NEEDS_REVIEW

B NEEDS_REVIEW

C NEEDS_REVIEW

D NEEDS_REVIEW

45.

Which platform is primarily associated with the Government of India's 2026 push for universal digital banking access?

A Unified Payments Interface (UPI) 3.0

B Digital India Banking Stack

C Bharat Bill Payment System

D e-RUPI

46.

NEEDS_REVIEW

A NEEDS_REVIEW

B NEEDS_REVIEW

C NEEDS_REVIEW

D NEEDS_REVIEW

47.

What is the primary objective of the RBI's monetary policy framework as per the 2026 guidelines?

A Maintaining price stability while keeping in mind the objective of growth

B Maximizing commercial bank profits

C Regulating the stock market

D Direct control of agricultural prices

48.

As of the 2026 mid-year review, which committee is responsible for determining the Policy Repo Rate in India?

A Financial Stability and Development Council

B Monetary Policy Committee (MPC)

C Economic Advisory Council

D Banking Regulation Board

49.

To further deepen financial inclusion, the RBI has been exploring and promoting solutions for offline digital payments. What is the primary benefit of such solutions?

A They eliminate the need for bank accounts for transactions.

B They enable digital transactions in areas with poor or no internet connectivity.

C They provide higher interest rates on savings accounts.

D They are exclusively designed for international remittances.

50.

The RBI often utilizes a 'Regulatory Sandbox' for financial innovations. How does this initiative primarily contribute to enhancing financial inclusion?

A By providing direct financial grants to financially excluded individuals.

B By allowing regulated entities to test new products and services in a controlled environment, potentially leading to innovative solutions for underserved populations.

C By mandating all banks to open branches in remote rural areas.

D By directly developing and launching new digital payment apps for the public.

Banking & Finance MCQs