1. What is the main objective of the newly-introduced WhatsApp channels in the context of the so-called RBI Kehta Hai program?
B) To take loan applications on behalf of the citizens.
B) To spread official updates and social awareness messages.
C) To provide a grievance redressal portal on complaints in the banking field.
D) To make paying UPI easily via the chat.
Answer: B) To spread official updates and messages of public awareness.
Rationale: According to the article, the verified WhatsApp channels were introduced to distribute messages of public awareness and significant updates, and financial information became more accessible.
2. What is one of the most significant characteristics of the pilot project by the RBI of connecting the FX-Retail platform with the Bharat Bill Payment System?
A) It is also due to the fact that it enables direct trading of Indian stocks in foreign markets.
B) It allows the individual bank clients to purchase US Dollars through applications, such as CRED and Mobikwik.
C) It substitutes all the current systems of international wire transfer.
D) It locks the exchange rate with retail clients on a month basis.
Answer: B) It allows individual bank clients to purchase US Dollars through such apps as CRED and Mobikwik.
Purpose: The idea of the pilot is to enable the retail forex transactions, where the customers of selected banks would first buy US Dollars by using the third-party applications and internet banking.
3. What will be the predominant impact of the draft directions by RBI on the Capital Charge of Credit Risk?
A) Raise the minimum regulatory capital of every sector.
B) Lower maximum regulatory capital requirements, particularly that of MSME and real estate exposures.
C) Do away with risk weights of the agricultural sector.
D) Unify the capital requirement to banks and NBFC.
Response: B) Decrease minimum regulatory capital requirements, particularly of MSME and real estate exposures.
Explanation: The draft is proposing updated risk weights that are expected to lower minimum regulatory capital requirements, especially to MSME, real estate, and credit card exposures.
4. Since when will State and Central Co-operative Banks be covered as an aspect of the Integrated Ombudsman Scheme by RBI?
A) October 1, 2025
B) November 1, 2025
C) December 30, 2025
D) February 28, 2026
Answer: B) November 1, 2025
Explanation: The article clearly indicates that the date on which State and Central Co-operative Banks will be included in the RB-IOS is November 1, 2025.
5. In October 2025, why was the RBI punishing American Express Banking Corp.?
A) On infringing the rules of foreign exchange management.
B) Due to violation of credit and debit card rules.
C) Because of the inability to hold the minimum net worth.
D) Because of selling insurance products to its customers in a misleading way.
Rationale: B) Due to violation of rules of credit and debit card use.
Rationale: The fine was applied according to the non-adherence to some of the provisions of the RBI ( Credit Card and Debit Card -Issuance and Conduct) Directions, 2022.
6. How much will it take to invest in the SBI Mutual Fund under the Magnum Hybrid Long Short Fund?
A) ?1 Lakh
B)