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Current Affairs & MCQs
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Banking & Finance MCQs

131.
Which digital payment system has been instrumental in significantly boosting financial inclusion and the volume of small-value digital transactions across India, especially since its launch?
A RTGS
B NEFT
C UPI
D IMPS
132.
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
133.
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
134.
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%
135.
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
136.
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
137.
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)
138.
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
139.
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
140.
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.
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