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Current Affairs & MCQs
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Banking & Finance MCQs

141.
What are the three broad parameters used by the Reserve Bank of India (RBI) to construct its Financial Inclusion Index (FI-Index)?
A Credit, Investment, Insurance
B Access, Usage, Quality
C Urban, Rural, Semi-urban
D Savings, Loans, Payments
142.
Which of the following is a mandatory requirement for digital lending platforms under RBI guidelines to ensure transparency and borrower protection?
A Offering only secured loans
B Providing a 'cooling-off' period for borrowers to exit the loan
C Mandating physical verification for all loan applications
D Disclosing borrower data to third-party marketing agencies
143.
As per the updated RBI guidelines for digital lending, what is the maximum permissible percentage of the loan portfolio that a Lending Service Provider (LSP) can offer as a First Loss Default Guarantee (FLDG) to a Regulated Entity (RE)?
A 2%
B 5%
C 10%
D 15%
144.
In which year did the Reserve Bank of India (RBI) issue its comprehensive regulatory framework for digital lending, aiming to protect borrowers and ensure responsible lending practices?
A 2020
B 2021
C 2022
D 2023
145.
Which of the following areas has the RBI increasingly emphasized in its recent cybersecurity guidelines for banks, particularly concerning data storage and processing by third-party vendors?
A Physical security of bank branches
B Cloud security and third-party risk management
C ATM security protocols
D Paper-based transaction security
146.
As part of its enhanced cybersecurity framework, what specific role has the RBI mandated for banks to appoint to oversee their cybersecurity posture and report directly to the Board/Audit Committee?
A Chief Risk Officer (CRO)
B Chief Technology Officer (CTO)
C Chief Information Security Officer (CISO)
D Chief Compliance Officer (CCO)
147.
What is the primary regulatory document governing cybersecurity for commercial banks in India, issued by the RBI?
A IT Act, 2000
B Master Direction on Cybersecurity Framework for Banks
C Payment and Settlement Systems Act, 2007
D Banking Regulation Act, 1949
148.
Which flagship government scheme, actively supported by the RBI, has been instrumental in providing basic banking accounts to millions of unbanked individuals, significantly contributing to financial inclusion by 2026?
A Make in India
B Swachh Bharat Abhiyan
C Pradhan Mantri Jan Dhan Yojana (PMJDY)
D Skill India Mission
149.
In the context of RBI's efforts to boost financial inclusion, what is a primary function of Payment Banks?
A Providing large corporate loans and foreign exchange services.
B Accepting deposits up to a certain limit and facilitating remittances and payments.
C Issuing credit cards with high credit limits to all customers.
D Primarily focusing on investment banking activities.
150.
Which of the following initiatives is primarily aimed at enhancing access to banking services in remote and unbanked areas, a key focus of RBI's financial inclusion drive towards 2026?
A Establishing more corporate bank branches in metropolitan cities.
B Promoting the Business Correspondent (BC) model.
C Limiting digital transactions to urban centers.
D Reducing the number of ATMs nationwide.
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