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MCQs 2026

51.
Besides financial prudential norms, what other area receives renewed focus in the RBI's revised NBFC guidelines?
A Expansion into non-financial services.
B Cybersecurity preparedness and data protection.
C Reduction in the number of physical branches.
D Focus solely on rural lending.
52.
The new guidelines for NBFCs emphasize enhanced disclosure norms. What kind of information will be more granularly provided?
A Employee salaries and benefits.
B Asset quality, profitability, and risk exposures.
C Marketing strategies and advertising spend.
D Details of office infrastructure.
53.
Which category of NBFCs faces stricter capital adequacy and liquidity requirements under the new guidelines?
A Lower-layer NBFCs
B Middle-layer NBFCs
C Upper-layer NBFCs
D All NBFCs face uniform requirements.
54.
The revised guidelines classify NBFCs into different tiers based on:
A Geographical presence.
B Size and systemic importance.
C Number of employees.
D Type of financial products offered.
55.
What is a primary objective of the RBI's revised guidelines for Non-Banking Financial Companies (NBFCs) issued on April 4, 2026?
A To reduce the number of NBFCs in the market.
B To strengthen the regulatory framework, corporate governance, and risk management.
C To encourage unregulated lending practices.
D To shift all financial services to public sector banks.
56.
Which of the following is an example of a recent innovation by NPCI to enhance UPI's utility?
A Introduction of cheque clearing services.
B UPI Lite and UPI International.
C Development of physical currency.
D Mandatory use of credit cards for all transactions.
57.
The widespread adoption of UPI is expected to contribute significantly to:
A Increased reliance on cash.
B Reduced financial inclusion.
C India's digital transformation and financial inclusion.
D A decline in e-commerce growth.
58.
Which of the following is a key factor contributing to the rapid adoption of UPI in India?
A High transaction fees.
B Limited interoperability between banks.
C User-friendly interface and low transaction costs.
D Reliance on physical cash transactions.
59.
On April 4, 2026, UPI achieved a significant milestone by crossing 100 billion transactions in which fiscal year?
A 2023-24
B 2024-25
C 2025-26
D 2026-27
60.
What is the primary organization responsible for the development and operation of India's Unified Payments Interface (UPI)?
A Reserve Bank of India (RBI)
B National Payments Corporation of India (NPCI)
C Ministry of Finance
D Indian Banks' Association (IBA)