RBI & Banking MCQs - August 2026

31.

The Digital Rupee (e-Rupee) is designed to be a legal tender and is based on which fundamental principle?

A Decentralized peer-to-peer transactions without central authority

B Backed by a basket of foreign currencies

C Direct liability of the central bank

D Volatile market-driven value

32.

Which institution is primarily responsible for issuing and regulating India's Digital Rupee (e-Rupee)?

A Ministry of Finance, Government of India

B National Payments Corporation of India (NPCI)

C Reserve Bank of India (RBI)

D Securities and Exchange Board of India (SEBI)

33.

What type of digital currency is India's Digital Rupee (e-Rupee)?

A A private cryptocurrency like Bitcoin

B A Central Bank Digital Currency (CBDC)

C A stablecoin pegged to a basket of commodities

D A decentralized autonomous organization (DAO) token

34.

How often is the Monetary Policy Committee (MPC) of the Reserve Bank of India mandated to meet in a financial year?

A Bi-annually (Twice a year)

B Quarterly (Four times a year)

C Annually (Once a year)

D Monthly (Twelve times a year)

35.

Which of the following is a quantitative tool used by the RBI in its monetary policy to control liquidity in the economy?

A Moral Suasion

B Repo Rate

C Direct Action

D Rationing of Credit

36.

What is the primary objective of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC)?

A Maximizing government revenue

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

C Regulating foreign exchange markets exclusively

D Promoting competition among commercial banks

37.

Which of the following is a mandatory requirement for banks under the 2026 Cybersecurity Framework?

A Annual third-party security audit

B Bi-annual board-level review of cyber risk

C Quarterly penetration testing

D All of the above

38.

Under the 2026 guidelines, what is the reporting timeline for any significant cybersecurity incident?

A Within 6 hours

B Within 12 hours

C Within 24 hours

D Within 48 hours

39.

What is the core objective of the RBI's 2026 Cybersecurity Framework update?

A To reduce the number of bank branches

B To enhance resilience against AI-driven cyber threats

C To mandate paperless banking

D To increase interest rates on savings accounts

40.

Which sector was identified as a key driver of credit growth in the RBI Annual Report 2026?

A Agriculture

B Personal Loans

C Manufacturing

D Services

Banking & Finance MCQs