Banking & Finance MCQs - Oct 30, 2026

111.

In 2026, the Reserve Bank of India has mandated enhanced cybersecurity measures for banks. What is a primary objective of these enhanced measures?

A To reduce the number of physical bank branches.

B To protect sensitive customer data and ensure the resilience of banking systems against cyber threats.

C To promote the use of cryptocurrency for all banking transactions.

D To increase the interest rates on savings accounts.

112.

Under the revised digital lending guidelines by the RBI (as of 2026), which entities are permitted to undertake digital lending activities?

A Only banks and Non-Banking Financial Companies (NBFCs) registered with the RBI.

B Any fintech company with a minimum paid-up capital of INR 5 crore.

C All companies registered under the Companies Act, 2013.

D Only NBFCs, banks are excluded.

113.

In the context of the RBI's strengthened digital lending framework (2026), what is the stipulated cooling-off period that borrowers must be offered for digital loans?

A A minimum of 7 days.

B A minimum of 3 days.

C A minimum of 15 days.

D No cooling-off period is mandated.

114.

As of 2026, which of the following is a key enhancement introduced by the RBI in its digital lending framework to bolster consumer protection?

A Mandatory pre-payment of all digital loans within 24 hours.

B Prohibition of all upfront charges and fees on digital loans.

C Requirement for a clear and prominent disclosure of the Annual Percentage Rate (APR) and all associated charges to the borrower.

D Limitation of digital loan tenures to a maximum of 3 months.

115.

The RBI's new guidelines for digital banking security in October 2026 are intended to protect customers from which type of risks?

A Natural disasters

B Cybersecurity threats and financial fraud

C Interest rate fluctuations

D Inflationary pressures

116.

Which of the following is a likely measure mandated by the RBI's new digital banking security guidelines in October 2026?

A Mandatory use of physical passbooks for all transactions

B Implementation of multi-factor authentication for sensitive transactions

C Abolition of all online banking services

D Reducing the frequency of ATM cash withdrawals

117.

In October 2026, the RBI issued new guidelines for digital banking security. What is a key focus area of these new guidelines?

A Reducing the number of bank branches

B Strengthening customer authentication and transaction security

C Increasing interest rates on savings accounts

D Promoting traditional banking methods

118.

The decision to maintain the repo rate at 6.5% in October 2026 is primarily aimed at balancing which two key economic objectives?

A Economic Growth and Fiscal Deficit Reduction

B Inflation Control and Economic Growth

C Exchange Rate Stability and Capital Inflows

D Financial Inclusion and Banking Sector Reforms

119.

Which body within the RBI is responsible for deciding the policy repo rate?

A Board for Financial Supervision (BFS)

B Monetary Policy Committee (MPC)

C Executive Directors' Committee

D Department of Economic Analysis and Policy

120.

As per the RBI's Monetary Policy Committee review in October 2026, what is the current Repo Rate?

A 6.25%

B 6.50%

C 6.75%

D 6.00%