Banking & Finance MCQs - RBI, MPC, Cybersecurity

51.

What is the primary objective of the Reserve Bank of India's (RBI) monetary policy, which often involves adjusting key policy rates?

A Maximizing government revenue

B Ensuring price stability and supporting economic growth

C Promoting competition among commercial banks

D Managing foreign exchange reserves exclusively

52.

Digital banking and mobile technology have played a crucial role in the 2026 financial inclusion drive in rural areas. Which of the following is a significant benefit of digital financial services in rural penetration?

A Increased reliance on physical bank branches.

B Reduced accessibility due to network issues.

C Lower transaction costs and wider reach.

D Exclusion of small-value transactions.

53.

The increased rural penetration of financial inclusion in 2026 is often facilitated by initiatives like the Pradhan Mantri Jan Dhan Yojana (PMJDY). What is a key feature of PMJDY?

A Mandatory investment in mutual funds for all account holders.

B Provision of a zero-balance bank account with an overdraft facility.

C Issuance of credit cards to all rural households.

D Focus on providing only insurance services.

54.

In 2026, India's financial inclusion drive has shown significant progress in rural areas. What is a primary goal of financial inclusion?

A To increase the number of stock market investors.

B To provide access to affordable financial products and services to all sections of society, especially the underserved.

C To promote the use of cryptocurrencies.

D To reduce the number of bank branches in urban areas.

55.

When the RBI reviews its monetary policy in 2026, it considers various factors. If the economic outlook suggests a slowdown, what action might the RBI consider to stimulate growth?

A Increase the Reverse Repo Rate

B Reduce the Bank Rate

C Increase the Cash Reserve Ratio (CRR)

D Tighten liquidity by selling government securities

56.

The RBI's decision to maintain status quo on key policy rates in 2026 is often influenced by its assessment of the economic outlook. Which of the following indicators would be a major concern for the RBI when deciding on policy rates?

A Falling unemployment rate

B Rising inflation rate

C Increased foreign direct investment

D Strong GDP growth

57.

In its latest monetary policy review in 2026, the RBI kept the key policy rates unchanged. What is the primary tool used by the RBI to manage liquidity and influence interest rates?

A Fiscal Deficit

B Repo Rate

C Government Bonds

D Inflation Targeting

58.

The RBI's updated Digital Payment Security Framework in 2026 mandates enhanced measures for Payment System Operators (PSOs). What is a likely mandate for PSOs under this framework?

A To cease all international digital transactions.

B To implement robust fraud monitoring and reporting mechanisms.

C To reduce the number of payment touchpoints.

D To exclusively use cash-based transactions.

59.

As part of the 2026 Digital Payment Security Framework, the RBI has emphasized the importance of certain technologies. Which technology is crucial for enhancing security through tokenization?

A Blockchain technology

B Artificial Intelligence (AI) for anomaly detection

C Tokenization of card data

D Biometric authentication

60.

In 2026, the Reserve Bank of India (RBI) enhanced its Digital Payment Security Framework. Which of the following is a key objective of this enhanced framework?

A To reduce the number of UPI transactions.

B To strengthen customer protection and mitigate risks associated with digital payment fraud.

C To mandate the use of physical tokens for all online transactions.

D To limit the transaction amount for digital payments to ₹1,000.