Banking & Finance MCQs - RBI, MPC, Cybersecurity

101.

What is the primary difference between the e-Rupee (Retail) and UPI-based transactions?

A e-Rupee is a direct liability of the RBI, whereas UPI is a bank-to-bank transfer mechanism

B UPI requires internet, while e-Rupee does not

C e-Rupee can only be used for international trade

D There is no difference

102.

The Digital Rupee (e-Rupee) introduced by the RBI is a form of:

A Cryptocurrency

B Central Bank Digital Currency (CBDC)

C Private Digital Wallet

D Foreign Exchange Asset

103.

The Monetary Policy Committee (MPC) consists of how many members?

A Four

B Five

C Six

D Seven

104.

Which of the following rates remains unchanged in the latest RBI Monetary Policy review of 2026?

A Repo Rate

B Cash Reserve Ratio (CRR)

C Statutory Liquidity Ratio (SLR)

D All of the above

105.

As of the latest Monetary Policy Committee (MPC) meeting in 2026, what is the primary objective of the RBI's current 'withdrawal of accommodation' stance?

A To increase liquidity in the banking system

B To align inflation with the 4% target while supporting growth

C To devalue the Indian Rupee against the US Dollar

D To provide interest-free loans to MSMEs

106.

To further financial inclusion through digital channels, RBI has been encouraging the adoption of which technology that enables bank customers to perform basic banking transactions using their Aadhaar number and biometric authentication?

A Near Field Communication (NFC)

B Aadhaar Enabled Payment System (AEPS)

C Blockchain Technology

D Magnetic Stripe Cards

107.

The Pradhan Mantri Jan Dhan Yojana (PMJDY), a flagship financial inclusion program, primarily aims to provide access to which of the following for every household?

A Only credit cards and personal loans.

B Basic savings bank accounts, access to credit, insurance, and pension facilities.

C Exclusive access to stock market investments.

D Only digital wallets and prepaid cards.

108.

Which of the following digital payment systems, widely promoted by the RBI for financial inclusion, allows users to make instant payments using a virtual payment address (VPA)?

A National Electronic Funds Transfer (NEFT)

B Real Time Gross Settlement (RTGS)

C Unified Payments Interface (UPI)

D Immediate Payment Service (IMPS)

109.

Which of the following is a critical component of RBI's cybersecurity framework aimed at ensuring the resilience of banking operations against cyber-attacks?

A Mandatory annual physical security audits only.

B Implementation of a robust Cyber Crisis Management Plan (CCMP).

C Exclusive reliance on third-party security vendors for all operations.

D Disabling multi-factor authentication for internal systems to improve efficiency.

110.

What is the mandatory reporting timeline for banks to inform the RBI about any significant cyber incident, as per the latest guidelines?

A Within 72 hours of detection.

B Within 6 hours of detection.

C Within 24 hours of detection.

D Within 48 hours of detection.