RBI Circulars MCQs January to June 2026 Part 1: 26 Revision Flashcards

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Test one fact at a time:open a card, recall the direct answer, then practise it in MCQ format.
Which entity has the Reserve Bank of India recognized as a Self-Regulatory Organisation for the Account Aggregator Ecosystem (SRO-AA)?
Direct Answer
Sahamati Foundation
What debt management tool, does the Reserve Bank of India use on behalf of the Government of India, to exchange an existing government security for a new one without making any cash payments?
Direct Answer
Switch Auction
As per the RBI guidelines,
what is the maximum time allowed for a bank to update the public list of its empanelled Direct Selling Agents on its website after any modification?
Direct Answer
Within seven calendar days of the modification
According to the RBI guidelines on responsible business conduct, for how long must a bank store the explicit consent records of a customer?
Direct Answer
For a minimum of one year from the date the contract for that product ends
As per the RBI guidelines on responsible business conduct, during what standard time window are bank employees and agents permitted to make telephonic contacts or customer visits?
Direct Answer
Between 09:00 hours and 19:00 hours
According to the RBI guidelines,
what is the maximum time allowed for a bank to seek feedback from a customer after selling a financial product or service?
Direct Answer
Within a maximum period of 30 days
As per the RBI guidelines on responsible business conduct, how often must a bank prepare a report detailing the findings from its post-sale customer feedback mechanisms?
Direct Answer
On a half-yearly basis
As per the RBI guidelines, what is a bank legally obligated to do immediately if the mis-selling of a financial product is formally established?
Direct Answer
Instantly refund the entire amount paid by the customer
In the March 2026 Supervisory Data Quality Index (sDQI) report by the Reserve Bank of India, what was the overall score recorded for Scheduled Commercial Banks (SCBs)?
Direct Answer
90.7
Based on the Reserve Bank of India's Supervisory Data Quality Index (sDQI) classifications for March 2026, which banking group recorded the highest overall data quality score?
Direct Answer
Foreign Banks

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Which organization introduced the Lead Bank Scheme in December 1969?
Direct Answer
Reserve Bank of India (RBI)
How many structural tiers make up the operating framework of the Lead Bank Scheme in each State and Union Territory?
Direct Answer
A three-tier structure consisting of base, intermediate, and apex levels
Which official is mandated to convene and chair the Block Level Bankers’ Committee (BLBC)?
Direct Answer
The Lead District Manager (LDM)
What is the standard timeframe within which the quarterly Block Level Bankers’ Committee (BLBC) meetings must be conducted?
Direct Answer
Within 60 days of the end of the respective quarter
What is the required deadline for circulating the official minutes after a Block Level Bankers’ Committee (BLBC) meeting concludes?
Direct Answer
Within 10 days of the meeting
Under the Lead Bank Scheme, which official is mandated to chair the District Consultative Committee (DCC)?
Direct Answer
The District Collector (DC) or District Magistrate (DM)
What is the mandated timeframe for the Lead District Manager (LDM) to convene quarterly District Consultative Committee (DCC) meetings following the end of a quarter?
Direct Answer
Within 60 days
What is the minimum frequency required for the public meetings arranged by the Lead District Manager (LDM) for creating awareness and obtaining feedback?
Direct Answer
At least one meeting every quarter
Which state government official is required to co-chair the State Level Bankers’ Committee (SLBC) meetings alongside the top executive of the Convenor Bank?
Direct Answer
The Chief Secretary
What is the standard timeframe within which the quarterly State Level Bankers’ Committee (SLBC) meetings must be conducted?
Direct Answer
Within 45 days from the end of the respective quarter
What is the primary responsibility of the Steering Sub-Committee constituted within the State Level Bankers’ Committee (SLBC)?
Direct Answer
To finalize a compact agenda for the apex meetings
Which state-level entity is mandatorily required to be included in the Sub-Committee on Digital Payments (SC-DP) to address security issues?
Direct Answer
State-level law enforcement entities
What is the mandated deadline month for finalizing the district's Potential Linked Credit Plan (PLP) every year?
Direct Answer
September
By what date each year must the State Level Bankers' Committee Convenor Bank officially launch the aggregated State Level Annual Credit Plan?
Direct Answer
The 1st of April

Bank Clerk to Officer Promotion Exam

Comprehensive PDF Bundle Course 📚

Course Fee: ₹4,999/- Only

What's Inside the PDF Bundle?

🎯 2500+ MCQs

🔹 Phase 1: Fundamentals & Core Ops

Banking Fundamentals & RBI • Deposit Accounts & Customer Ops • KYC, AML & Compliance • Negotiable Instruments & Banking Law • Customer Service & Banking Ombudsman • Digital Banking & Payment Systems • Govt Schemes & Financial Inclusion

🔹 Phase 2: Lending & Credit Mgt

Loans & Advances • Retail & Agriculture Banking • MSME Finance • Priority Sector Lending • Credit Appraisal & Financial Analysis • Securities & Documentation

🔹 Phase 3: Stressed Assets

IRAC, NPA & Stressed Assets • Recovery of Bank Advances

🔹 Phase 4: Specialized Banking

Foreign Exchange & International Banking • Treasury, Financial Markets & Investments

🔹 Phase 5: Risk & Governance

Fraud, Cyber Security & Operational Risk • Risk Management & Basel Norms • Audit, Inspection & Compliance • Latest Banking & Regulatory Updates

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What target Credit Deposit Ratio does the Reserve Bank of India require banks to achieve for their rural and semi-urban branches on an all-India basis?
Direct Answer
60 percent
As part of the banking penetration guidelines,
what is the minimum percentage of total new banking outlets that must be opened in Tier 5 and Tier 6 Unbanked Rural Centres?
Direct Answer
25 percent