INDIAN BANKING RADAR (IBR) - IBPS PO MAINS — BANKING INTELLIGENCE MOCK

🔥 PLATINUM SERIES 2.0 | VOL. 227

📅 THURSDAY, 12 NOVEMBER 2026

🎯 TARGET EXAMINATIONS: IBPS PO Mains • SBI PO • Other Banking Examinations

20 QUESTIONS | 20 MARKS | 15 MINUTES

Marking Scheme: +1 for every correct answer | −0.25 for every incorrect answer

Instructions: Choose the most appropriate answer. Attempt all questions within 15 minutes. Each question carries one mark.

Q1. The RBI issued the Domestic Money Transfer (DMT) Directions, 2026, under which legislation?

A. Payment and Settlement Systems Act, 2007

B. Banking Regulation Act, 1949

C. Reserve Bank of India Act, 1934

D. Foreign Exchange Management Act, 1999

E. Negotiable Instruments Act, 1881

Q2. Under the Cash Pay-out Service of the RBI's Domestic Money Transfer Directions, 2026, what is the maximum amount permitted per transaction?

A. ₹5,000

B. ₹10,000

C. ₹15,000

D. ₹20,000

E. ₹25,000

Q3. Under the Cash Pay-in Service through Business Correspondents (BCs) and ATMs, what is the maximum monthly ceiling per remitter?

A. ₹10,000

B. ₹15,000

C. ₹25,000

D. ₹40,000

E. ₹50,000

Q4. Under the Cash Pay-in Service, every transaction undertaken by a remitter must be validated through:

A. Biometric authentication only

B. Prior approval of the RBI

C. Physical signature verification

D. Additional Factor of Authentication (AFA)

E. Two bank branch approvals

Q5. Which of the following transactions is specifically excluded from the RBI's Domestic Money Transfer Directions, 2026?

A. Cash pay-out through Business Correspondents

B. Cash pay-in through ATMs

C. Cash-based NEFT remittances

D. Cash-based IMPS remittances

E. Card-to-card transfers

Q6. According to the RBI's Foreign Liabilities and Assets (FLA) Census 2025–26, how many Indian entities reported FDI and/or ODI as at end-March 2026?

A. 43,123

B. 36,127

C. 41,814

D. 50,000

E. 35,774

Q7. According to the RBI's FLA Census 2025–26, approximately what percentage of Indian entities reporting FDI and/or ODI were unlisted?

A. 75%

B. 97%

C. 85%

D. 90%

E. 60%

Q8. According to the FLA Census 2025–26, the ratio of inward Foreign Direct Investment (FDI) to Overseas Direct Investment (ODI) moderated to what level in rupee terms?

A. 2.5 times

B. 3.0 times

C. 4.2 times

D. 5.5 times

E. 6.0 times

Q9. Which country was the largest source of India's outstanding inward FDI, accounting for 16.5%, according to the FLA Census 2025–26?

A. Mauritius

B. Singapore

C. United Kingdom

D. United States of America

E. Japan

Q10. According to the RBI's FLA Census 2025–26, which sector accounted for the highest share of India's outstanding FDI equity capital at market value?

A. Agriculture

B. Financial services

C. Telecommunications

D. Construction

E. Manufacturing

Q11. The RBI's Master Directions on Cyber Resilience and Digital Payment Security Controls, issued on 5 November 2026, apply to:

A. All authorised non-bank Payment System Operators (PSOs)

B. Scheduled commercial banks only

C. Insurance companies only

D. Stock exchanges only

E. Mutual fund companies only

Q12. From which date do the revised Cyber Resilience Directions become effective for small non-bank PSOs?

A. 1 April 2027

B. 1 April 2028

C. 1 January 2027

D. 1 July 2027

E. 31 December 2027

Q13. Under the RBI's Cyber Resilience Directions, the Board may delegate primary oversight of information security risks to a Board subcommittee. Such a subcommittee must meet at least:

A. Once a month

B. Once in six months

C. Once every quarter

D. Once a year

E. Once every two years

Q14. How frequently must the Board-approved Information Security Policy of a non-bank PSO be reviewed under the revised Cyber Resilience Directions?

A. Monthly

B. Once in six months

C. Once in two years

D. Annually

E. Only after a cyberattack

Q15. Under the RBI's Cyber Resilience Directions, which specific plan must a non-bank PSO prepare to detect, contain, respond to and recover from cyber threats and cyberattacks?

A. Business Expansion Plan

B. Annual Financial Plan

C. Customer Acquisition Plan

D. Liquidity Management Plan

E. Cyber Crisis Management Plan (CCMP)

Q16. Who chairs the RBI's Technical Consultative Committee for Financial Markets (TCCFM), constituted in November 2026?

A. RBI Deputy Governor in charge of the Financial Markets Regulation Department

B. RBI Governor

C. SEBI Chairman

D. Finance Secretary

E. SBI Chairman

Q17. How frequently are meetings of the TCCFM required to be convened?

A. Monthly

B. At least once a quarter

C. Half-yearly

D. Annually

E. Once every two years

Q18. Which of the following groups of financial markets falls within the consultation mandate of the TCCFM?

A. Agricultural commodity and real estate markets

B. Insurance and pension markets

C. Money, government securities and foreign exchange markets, including related derivatives

D. Equity IPO markets alone

E. Retail consumer goods markets

Q19. The RBI issued the final Revised Kisan Credit Card (KCC) Scheme Directions, 2026, separately for how many categories of banks?

A. Two

B. Three

C. Five

D. Four

E. Six

Q20. By which date are the RBI's announced Account Aggregator interoperability and related Consolidated Account Statement (CAS) measures expected to be implemented?

A. 31 March 2027

B. 1 April 2027

C. 30 June 2027

D. 1 January 2027

E. 31 December 2026

ANSWER KEY

Q1.A

Q2.B

Q3.C

Q4.D

Q5.E

Q6.A

Q7.B

Q8.C

Q9.D

Q10.E

Q11.A

Q12.B

Q13.C

Q14.D

Q15.E

Q16.A

Q17.B

Q18.C

Q19.D

Q20.E

EXPLANATIONS

Q1. A — Payment and Settlement Systems Act, 2007

The RBI issued the DMT Directions under Section 18 read with Section 10(2) of the Payment and Settlement Systems Act, 2007.

Q2. B — ₹10,000

The Cash Pay-out Service permits a maximum transfer of ₹10,000 per transaction, subject to an overall monthly ceiling of ₹25,000 per beneficiary.

Q3. C — ₹25,000

Under the Cash Pay-in Service through BCs and ATMs, the maximum is ₹5,000 per transaction, subject to a monthly ceiling of ₹25,000 per remitter.

Q4. D — Additional Factor of Authentication

Every transaction undertaken by a remitter under the Cash Pay-in Service must be validated through AFA to strengthen transaction security.

Q5. E — Card-to-card transfers

Card-to-card transfers are excluded from the DMT Directions and continue to be governed by the applicable guidelines and approvals for the respective payment instruments.

Q6. A — 43,123 entities

The RBI released the provisional results of the FLA Census 2025–26 on 6 November 2026. A total of 43,123 Indian entities reported FDI and/or ODI as at end-March 2026.

Q7. B — Approximately 97%

Around 97% of the entities reporting FDI and/or ODI were unlisted entities. Unlisted entities also accounted for a substantial share of India's FDI equity capital at face value.

Q8. C — 4.2 times

The ratio of inward FDI to ODI moderated to 4.2 times in rupee terms at end-March 2026, compared with 5.5 times a year earlier.

Q9. D — United States of America

The USA was the largest source of India's outstanding inward FDI, accounting for 16.5%, followed by Mauritius (14.5%), Singapore (13.7%) and the United Kingdom (10.8%).

Q10. E — Manufacturing

Manufacturing accounted for 50.1% of India's outstanding FDI equity capital at market value, while the services sector accounted for 45%.

Q11. A — All authorised non-bank PSOs

The RBI's Master Directions establish governance mechanisms, cyber-risk management requirements and baseline information security controls for all authorised non-bank Payment System Operators.

Q12. B — 1 April 2028

The RBI provided a differentiated implementation timeline. The Directions became effective upon placement on the RBI website for large and medium non-bank PSOs, while small non-bank PSOs must comply from 1 April 2028.

Q13. C — Once every quarter

The Board may delegate primary oversight to a subcommittee headed by a member experienced in information or cyber security. This subcommittee must meet at least once every quarter.

Q14. D — Annually

The PSO must formulate a Board-approved Information Security Policy covering its payment-system applications, products and potential information security risks. The policy must be reviewed annually.

Q15. E — Cyber Crisis Management Plan

The PSO must prepare a distinct Board-approved Cyber Crisis Management Plan (CCMP) to detect, contain, respond to and recover from cyber threats and cyberattacks.

Q16. A — RBI Deputy Governor in charge of FMRD

The TCCFM is chaired by the RBI Deputy Governor in charge of the Financial Markets Regulation Department (FMRD).

Q17. B — At least once a quarter

The RBI stipulated that TCCFM meetings must be convened at least once every quarter to facilitate structured consultation with financial market participants and stakeholders.

Q18. C — Money, government securities and foreign exchange markets

The Committee's mandate includes money markets, government securities markets, foreign exchange markets, related derivatives, trading, clearing, settlement, reporting and financial market infrastructure.

Q19. D — Four

The RBI issued separate final KCC Scheme Directions for Commercial Banks, Small Finance Banks, Regional Rural Banks and Rural Co-operative Banks on 19 June 2026.

Q20. E — 31 December 2026

The RBI announced that interoperability among NBFC-Account Aggregators and the related CAS enhancement are expected to be implemented by 31 December 2026.

QUICK REVISION CAPSULE

Topic| Important fact

DMT Directions| Issued 11 November 2026

DMT legal basis| PSS Act, 2007

Cash Pay-out limit| ₹10,000 per transaction

Cash Pay-out monthly ceiling| ₹25,000 per beneficiary

Cash Pay-in through BCs/ATMs| ₹5,000 per transaction

Cash Pay-in monthly ceiling| ₹25,000 per remitter

DMT authentication| AFA mandatory

Card-to-card transfers| Excluded from DMT Directions

FLA Census entities| 43,123

Unlisted entities| Approximately 97%

Largest FDI source| USA – 16.5%

Inward FDI/ODI ratio| 4.2 times

Manufacturing share of FDI equity| 50.1%

Cyber Resilience Directions| 5 November 2026

Small non-bank PSOs| Effective 1 April 2028

Information Security Policy| Annual review

Cyber Crisis Management Plan| Board-approved CCMP

TCCFM Chairperson| RBI Deputy Governor in charge of FMRD

TCCFM meetings| At least once a quarter

Revised KCC Directions| 19 June 2026

KCC categories| Four

AA interoperability| Among NBFC-AAs

AA and CAS implementation| By 31 December 2026

SELF-ASSESSMENT

Score| Performance

18–20| Excellent — Mains-ready performance

15–17| Very good — strengthen weak areas

11–14| Good — revise regulatory concepts

Below 11| Needs focused preparation

🎯 YOUR CHALLENGE: CAN YOU SCORE 20/20?

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