Banking & Finance Current Affairs MCQs for UPSC, SSC, Banking Exams

1.

Which of the following measures has the RBI consistently emphasized to improve the governance of cooperative banks?

A Appointing government officials as mandatory board members for all cooperative banks.

B Strengthening 'fit and proper' criteria for board members and professionalizing management.

C Reducing the frequency of board meetings to streamline decision-making.

D Allowing unlimited lending to board members and their relatives to boost local economy.

2.

The RBI introduced a four-tiered regulatory framework for Urban Cooperative Banks (UCBs) in 2022, which remains a key aspect of its supervisory approach in 2026. What is the primary basis for this categorization?

A Geographical location of the bank (e.g., state-wise).

B Number of employees working in the bank.

C Size of deposits held by the bank.

D Type of customers primarily served by the bank.

3.

What is a primary goal of the RBI's ongoing focus on strengthening cooperative bank governance and financial health in 2026?

A To convert all cooperative banks into commercial banks.

B To ensure financial stability, protect depositors' interests, and enhance operational efficiency.

C To reduce the number of cooperative bank branches across rural areas.

D To promote agricultural lending exclusively through cooperative banks.

4.

The RBI's comprehensive cybersecurity guidelines, including the Master Direction on IT Governance, Risk, Controls and Assurance Practices, primarily apply to which of the following entities?

A Only public sector banks in India.

B All regulated financial entities, including commercial banks, cooperative banks, and Non-Banking Financial Companies (NBFCs).

C Only foreign banks operating within India.

D Only payment system operators and fintech companies.

5.

Which of the following is a key component emphasized in the RBI's cybersecurity framework for financial institutions?

A Mandatory use of specific antivirus software provided by the RBI.

B Robust incident response and recovery mechanisms to minimize disruption.

C Limiting internet access for all employees to only internal networks.

D Outsourcing all IT functions to a single, government-approved vendor.

6.

What is the primary objective of the RBI's enhanced cybersecurity framework for financial institutions in 2026?

A To promote digital marketing strategies for banks.

B To ensure robust cyber resilience, data protection, and secure digital transactions.

C To reduce the number of physical bank branches across the country.

D To standardize the design of ATM machines nationwide.

Banking & Finance MCQs - 2026-09-05