Banking & Finance Practice MCQs for Competitive Exams 2026

1.

The RBI's new guidelines for digital banking security are intended to protect which stakeholder group the most?

A RBI employees

B Bank shareholders

C Digital payment service providers

D Bank customers

2.

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

A Mandatory use of physical passbooks

B Stricter norms for multi-factor authentication (MFA)

C Abolition of mobile banking apps

D Encouraging cash-only transactions

3.

The Reserve Bank of India (RBI) recently issued new guidelines for digital banking security. What is a key focus area of these new guidelines?

A Promoting traditional banking methods

B Enhancing customer authentication and data protection

C Reducing the number of ATMs

D Limiting online transaction amounts

4.

The decision to maintain the repo rate at 6.5% in August 2026 is primarily aimed at achieving which of the following objectives of the RBI?

A Maximizing bank profits

B Controlling inflation and ensuring financial stability

C Reducing unemployment rate

D Increasing foreign exchange reserves

5.

Which body within the Reserve Bank of India is responsible for deciding the policy repo rate?

A Board of Directors

B Executive Committee

C Monetary Policy Committee (MPC)

D Financial Stability Board

6.

As per the August 2026 Monetary Policy Committee (MPC) review, what is the current Repo Rate maintained by the Reserve Bank of India (RBI)?

A 6.25%

B 6.50%

C 6.75%

D 6.00%

Banking & Finance MCQs - 2026-08-05