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

🔥 PLATINUM SERIES 2.0 | VOL. 177

📅 23 SEPTEMBER 2026 | WEDNESDAY

🎯 TARGET EXAMS

IBPS PO | SBI PO | IBPS RRB | RBI | NABARD

⚡ 20 QUESTIONS | 20 MARKS | 15–18 MINUTES

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🔥 TODAY'S INTELLIGENCE FOCUS

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💳 UPI — MDR Framework & Transaction Economics

🏦 DICGC — Deposit Insurance & Same-Right Principle

👥 PMJDY — Financial Inclusion Architecture

🛡️ PMJJBY & PMSBY — Social Security Risk Coverage

💼 JanSamarth — Digital Credit Delivery

🛡️ Credit Guarantee — Risk Sharing vs Credit Appraisal

🌾 KCC — Agricultural Credit Architecture

🌐 Cross-Border Digital Payments

📢 Digital Banking Grievance Management

⚖️ Banking Compliance & Customer Protection

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🔥 SECTION A — INTELLIGENCE TEST

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Q1. The revised UPI MDR framework specifies a nominal MDR of 0.4% for which category of transactions:

A. All P2P transactions above ₹2,000

B. Specified P2M transactions above ₹2,000

C. All UPI transactions below ₹2,000

D. Only international UPI transactions

E. Only cash-withdrawal transactions

Q2. A customer pays ₹1,800 to a merchant through UPI under the September 2026 framework. Which conclusion is most appropriate:

A. MDR of 0.4% is automatically applicable

B. MDR of 0.02% is applicable because it is a digital transaction

C. The transaction attracts ₹5 MDR irrespective of the merchant's sector

D. The specified MDR threshold for P2M transactions has not been crossed

E. The customer must separately pay MDR to NPCI

Q3. A customer makes a qualifying P2M UPI payment of ₹80,000. Under the stated MDR framework, the applicable MDR is subject to:

A. A ₹300 maximum cap per transaction

B. A ₹500 minimum charge

C. A compulsory ₹5 charge only

D. A 1% uncapped MDR

E. The ₹2,000 threshold being ignored

Q4. Which statement correctly describes the treatment of MDR in the current UPI framework:

A. It is a tax collected by the Central Government

B. It is charged directly to every UPI customer

C. It is an ecosystem charge shared among relevant payment participants

D. It replaces the customer's bank-account balance

E. It is payable only by the issuing bank

Q5. A customer maintains ₹3 lakh in savings deposits and ₹4 lakh in fixed deposits in different branches of the same insured bank, all in the same right and capacity. For DICGC purposes, which principle applies:

A. Each branch receives a separate ₹5 lakh insurance limit

B. Savings and fixed deposits are insured separately

C. The deposits are aggregated for determining the applicable insurance cover

D. Only the savings deposit is insured

E. Only the fixed deposit is insured

Q6. A depositor has accounts in two different insured banks, each held in the same capacity. For DICGC purposes, the deposits are:

A. Aggregated across both banks

B. Insured separately in each bank, subject to the applicable limit

C. Insured only in the bank where the first account was opened

D. Treated as one deposit because the depositor is the same person

E. Not eligible for insurance if held in two banks

Q7. Which combination correctly describes the present DICGC insurance principle:

A. ₹5 lakh per account, excluding interest

B. ₹5 lakh per branch, including interest

C. ₹5 lakh per depositor per bank, in the same right and same capacity, including principal and interest

D. ₹10 lakh per depositor irrespective of the number of banks

E. ₹5 lakh only for savings accounts

Q8. A previously unbanked adult opens a PMJDY account. Which feature most directly reflects the scheme's financial-inclusion objective:

A. Mandatory maintenance of a minimum balance

B. Access to basic banking services without a minimum-balance requirement

C. Restriction of the account to Government employees

D. Mandatory investment in Government securities

E. Restriction on DBT receipts

Q9. A 49-year-old eligible account holder wants life insurance under a Government social-security scheme. Which statement is correct regarding PMJJBY:

A. It is an accident-only scheme

B. It provides ₹2 lakh life cover subject to scheme conditions

C. It is available only after the age of 60

D. It provides hospitalisation reimbursement

E. It is a deposit-insurance scheme

Q10. A person joins PMJJBY for the first time and dies from a non-accidental cause within the applicable initial 30-day lien period. Which principle applies:

A. Full claim is automatically payable

B. No premium is required

C. The death claim is payable only after 60 days

D. The specified lien-period condition applies

E. The claim is transferred to PMSBY

Q11. A 69-year-old eligible bank-account holder wants accident insurance with ₹2 lakh cover for accidental death or total permanent disability. Which scheme is relevant:

A. PMJJBY

B. PMSBY

C. DICGC

D. APY

E. PMJDY

Q12. A bank employee processes a Government-linked loan application through JanSamarth. Which approach is most appropriate:

A. Approve the loan solely because it is linked to a Government scheme

B. Ignore repayment capacity where a guarantee is available

C. Use relevant authenticated information while continuing appropriate credit appraisal

D. Waive KYC because the application is digital

E. Treat portal eligibility as equivalent to automatic sanction

Q13. JanSamarth's integration with multiple data sources such as PAN, income, bureau information, GST, Udyam and bank-account verification primarily supports:

A. Elimination of all credit risk

B. Digital verification and more efficient credit processing

C. Automatic waiver of loan documentation

D. Replacement of credit appraisal by artificial intelligence

E. Guaranteed recovery of loans

Q14. A credit guarantee covers a specified portion of a lender's credit risk. Which statement best reflects sound banking practice:

A. The lender can dispense with all appraisal

B. The borrower is automatically exempt from repayment

C. The guarantee operates subject to its terms and does not eliminate prudent credit appraisal

D. The facility becomes risk-free for every purpose

E. Monitoring becomes unnecessary after sanction

Q15. A farmer seeks recurring working-capital support for eligible agricultural activities. Which product is primarily designed for such timely agricultural credit requirements:

A. KCC

B. Demat account

C. Term deposit

D. Credit card for securities trading

E. Sukanya Samriddhi account

Q16. A bank digitises KCC processing by using authenticated land, identity and banking information. What is the principal operational benefit:

A. Automatic sanction irrespective of eligibility

B. Elimination of agricultural credit risk

C. Faster processing and better information-based assessment

D. Permanent waiver of documentation

E. Guaranteed recovery of crop loans

Q17. Cross-border UPI arrangements are best understood as an example of:

A. Conversion of UPI into a cryptocurrency

B. Interoperability between payment infrastructures across jurisdictions

C. Elimination of all foreign-exchange regulations

D. Replacement of domestic banking systems

E. Restriction of digital payments to Indian banks

Q18. A customer raises a complaint regarding an unauthorised digital transaction. Which sequence represents the strongest first-line banking response:

A. Wait for the annual audit before recording the complaint

B. Record the complaint, initiate appropriate controls, investigate and communicate resolution/escalation

C. Close the account without documenting the complaint

D. Ask the customer to contact another bank

E. Treat the complaint as invalid unless a court order is produced

Q19. A branch receives a new regulatory circular affecting one of its digital products. Which action should logically precede operational implementation:

A. Compare the circular only with competitors' practices

B. Determine applicability, scope and compliance requirements for the bank and product

C. Wait until customers demand implementation

D. Implement only those provisions that increase profitability

E. Delegate interpretation entirely to the customer-service desk

Q20. Which sequence best represents sound regulatory implementation within a bank:

A. Circular → applicability assessment → interpretation → control/process changes → monitoring

B. Circular → immediate disbursement → customer complaints → applicability assessment

C. Circular → profitability assessment → selective compliance → implementation

D. Circular → branch discretion → customer approval → compliance review

E. Circular → ignore until inspection → retrospective implementation

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🗝️ ANSWER KEY

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Q1.B

Q2.D

Q3.A

Q4.C

Q5.C

Q6.B

Q7.C

Q8.B

Q9.B

Q10.D

Q11.B

Q12.C

Q13.B

Q14.C

Q15.A

Q16.C

Q17.B

Q18.B

Q19.B

Q20.A

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🧠 IBR QUICK REVISION

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💳 1. UPI MDR — KNOW THE NUMBERS

Specified P2M transactions above ₹2,000 → 0.4% MDR

Transactions ₹75,000 and above → MDR capped at ₹300 per transaction

Specified essential/thin-margin sectors → ₹5 flat MDR

Capital-market transactions → 0.02% MDR, capped at ₹300

P2P transactions → no MDR

Most importantly, customers do not pay MDR; it operates within the merchant/payment ecosystem.

🎯 EXAM TRAP:

MDR ≠ GST ≠ customer charge.

🏦 2. DICGC — SAME RIGHT, SAME CAPACITY

DICGC insurance is up to ₹5 lakh per depositor per insured bank, including principal and interest, subject to the same-right/same-capacity rule. Deposits across different branches of the same bank are aggregated.

🎯 EXAM TRAP:

Different branches ≠ different insurance limits.

Different banks → separate insurance coverage.

👥 3. PMJDY

PMJDY is a National Mission for Financial Inclusion, providing access to basic banking, remittance, credit, insurance and pension services. PMJDY BSBD accounts do not require a minimum balance.

🎯 EXAM TRAP:

PMJDY is much broader than a zero-balance account.

🛡️ 4. PMJJBY

PMJJBY → Life insurance

Eligibility: 18–50 years

Life cover: ₹2 lakh

Annual premium: ₹436

Coverage period: 1 June–31 May

First-time enrolment has a 30-day lien period for non-accidental death.

🎯 MEMORY CODE:

JJBY → JEEVAN → LIFE

🚨 5. PMSBY

PMSBY → Accident insurance

Eligibility: 18–70 years

Premium: ₹20

Accidental death/total permanent disability: ₹2 lakh

Partial permanent disability: ₹1 lakh

Department of Financial Services

🎯 MEMORY CODE:

SBY → SURAKSHA → ACCIDENT

💼 6. JAN SAMARTH

JanSamarth is a national portal for credit-linked Government schemes.

It integrates multiple authenticated data sources, including Aadhaar, PAN, income, bureau data, Udyam, GST, AgriStack and bank-account verification. DFS states that about 250 lenders are onboarded, including PSBs, private banks, RRBs, DCCBs, NBFCs and SFBs.

Department of Financial Services

🎯 EXAM TRAP:

Digital eligibility ≠ automatic loan sanction.

🛡️ 7. CREDIT GUARANTEE

A credit guarantee can provide specified risk cover to the lender.

But:

Guarantee ≠ automatic sanction

Guarantee ≠ waiver of appraisal

Guarantee ≠ zero credit risk

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📊 SCORE GUIDE

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🔥 18–20 → ELITE MAINS ZONE

🟢 16–17 → EXAM READY

🟡 13–15 → GOOD — REVISE WEAK AREAS

🟠 10–12 → NEEDS CONCEPT REVISION

🔴 BELOW 10 → REBUILD CORE CONCEPTS

🎯 IBR TARGET: 18+

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