Banking & Finance MCQs

The Monetary Policy Committee (MPC) is mandated to determine the policy repo rate required to maintain the inflation target while considering the need to support economic growth.

In its October 2026 monetary policy review, the RBI's Monetary Policy Committee (MPC) decided to keep the policy repo rate unchanged at 6.5%.

'DigiBank 2.0' emphasizes leveraging advanced technologies like AI and robust cybersecurity protocols to ensure secure and seamless digital banking operations.

The Ministry of Finance, through its various departments and in collaboration with regulatory bodies like RBI and banks, spearheads initiatives like 'DigiBank 2.0' to promote digital finance.

'DigiBank 2.0' aims to expand the reach of digital banking, especially in rural and underserved areas, thereby fostering financial inclusion.

The RBI projected a GDP growth rate of 7.2% for the fiscal year 2026-27 in its latest monetary policy statement.

The MPC decided to remain focused on the withdrawal of accommodation to ensure that inflation progressively aligns with the target, while supporting growth.

The Monetary Policy Committee (MPC) decided to keep the policy repo rate unchanged at 6.50% in its latest review for Q3 2026-27.

Vulnerability assessments and penetration testing are crucial security practices that simulate real-world cyberattacks to uncover potential security flaws, allowing banks to strengthen their defenses proactively.

Threat intelligence sharing allows banks to proactively identify and mitigate potential cyber threats by learning from the experiences and insights of other institutions, thereby building a stronger, collective defense.