MCQ Test: India Implements Major Regulatory Changes Across Banking, Pensions, and Railways from October 1, 2025

1. When did the series of pivotal regulatory changes across India, influencing banking, pension schemes, railway services, and the digital landscape, begin to come into effect?

A) October 1, 2024 B) January 3, 2026 C) October 1, 2025 D) September 30, 2025

2. What is the primary change introduced by the Reserve Bank of India (RBI) regarding cheque clearing, starting October 4, 2025?

A) Transition from continuous to batch clearing B) Transition from batch to continuous clearing with settlement on realisation C) Introduction of mandatory electronic cheque submission D) Abolition of physical cheques altogether

3. By what date is the RBI's cheque clearing reform expected to be fully concluded?

A) October 4, 2025 B) January 3, 2026 C) October 1, 2025 D) September 30, 2025

4. What enhanced flexibility has been provided to non-government NPS subscribers from October 1, 2025?

A) They can withdraw 100% of their funds at any time. B) They are permitted to invest up to 100% of their funds in equities under a single NPS plan. C) They are restricted to investing only in government bonds. D) They must use separate PRANs for each scheme they invest in.

5. What was the deadline for eligible Central Government employees to switch from UPS to NPS?

A) October 1, 2025 B) January 3, 2026 C) June 30, 2025 D) September 30, 2025

6. For which customers do the new eligibility standards for retaining HDFC Bank's Imperia programme status apply from October 1, 2025?

A) All new customers joining after October 1, 2025 B) Customers who joined on or before June 30, 2025 C) Customers who joined between July 1, 2025, and September 30, 2025 D) Only those who maintain a balance above a certain threshold

7. Which of the following services saw updated charges by Punjab National Bank (PNB) effective October 1, 2025?

A) Online fund transfers via NEFT/RTGS B) Debit card annual maintenance fees C) Locker services, standing instruction failures, and stop payment instructions D) ATM cash withdrawal limits

8. By what date are customers required to renew or update their bank locker agreements in accordance with new RBI guidelines?

A) June 30, 2025 B) September 30, 2025 C) October 1, 2025 D) January 3, 2026

9. The new IRCTC online reservation guidelines for general tickets apply specifically to which type of users?

A) Senior citizens booking concessional tickets B) All users booking via the IRCTC website or app C) Aadhaar-authenticated users D) Users booking Tatkal tickets only

10. What is banned under India's new Promotion & Regulation of Online Gaming Act?

A) E-sports competitions B) Skill-based games with no monetary reward C) Real-money betting and gambling applications D) Educational gaming platforms

11. What types of games are permitted under India's new Promotion & Regulation of Online Gaming Act?

A) All forms of online gambling B) Only e-sports and skill-based games C) Card games with cash prizes D) Online casino games

12. What is a primary aim of the new Online Gaming Regulation in India?

A) To promote international online gaming companies B) To increase government revenue from gambling taxes C) To protect youth from gambling addiction and foster safer online engagement D) To encourage the development of new betting applications

13. Which specific UPI feature has the National Payments Corporation of India (NPCI) discontinued to strengthen security and reduce fraud risks?

A) Person-to-Merchant (P2M) payments B) Scan and Pay feature C) Person-to-Person (P2P) "collect request" (pull transaction) D) UPI Lite feature

14. What is the main reason cited for the discontinuation of the P2P "collect request" feature in UPI?

A) To simplify the UPI user interface B) To reduce the operational costs for banks C) To strengthen UPI security and reduce fraud risks D) To encourage the use of debit and credit cards

ALL TN Comp Exams Prep

India Implements Major Regulatory Changes Across Banking, Pensions, and Railways from October 1, 2025

Your Score: 0 / 0

1. When did the series of pivotal regulatory changes across India, influencing banking, pension schemes, railway services, and the digital landscape, begin to come into effect?

2. What is the primary change introduced by the Reserve Bank of India (RBI) regarding cheque clearing, starting October 4, 2025?

3. By what date is the RBI's cheque clearing reform expected to be fully concluded?

4. What enhanced flexibility has been provided to non-government NPS subscribers from October 1, 2025?

5. What was the deadline for eligible Central Government employees to switch from UPS to NPS?

6. For which customers do the new eligibility standards for retaining HDFC Bank's Imperia programme status apply from October 1, 2025?

7. Which of the following services saw updated charges by Punjab National Bank (PNB) effective October 1, 2025?

8. By what date are customers required to renew or update their bank locker agreements in accordance with new RBI guidelines?

9. The new IRCTC online reservation guidelines for general tickets apply specifically to which type of users?

10. What is banned under India's new Promotion & Regulation of Online Gaming Act?

11. What types of games are permitted under India's new Promotion & Regulation of Online Gaming Act?

12. What is a primary aim of the new Online Gaming Regulation in India?

13. Which specific UPI feature has the National Payments Corporation of India (NPCI) discontinued to strengthen security and reduce fraud risks?

14. What is the main reason cited for the discontinuation of the P2P "collect request" feature in UPI?

India Implements Major Regulatory Changes Across Banking, Pensions, and Railways from October 1, 2025

Your Score: 0 / 0

1. When did the series of pivotal regulatory changes across India, influencing banking, pension schemes, railway services, and the digital landscape, begin to come into effect?

2. What is the primary change introduced by the Reserve Bank of India (RBI) regarding cheque clearing, starting October 4, 2025?

3. By what date is the RBI's cheque clearing reform expected to be fully concluded?

4. What enhanced flexibility has been provided to non-government NPS subscribers from October 1, 2025?

5. What was the deadline for eligible Central Government employees to switch from UPS to NPS?

6. For which customers do the new eligibility standards for retaining HDFC Bank's Imperia programme status apply from October 1, 2025?

7. Which of the following services saw updated charges by Punjab National Bank (PNB) effective October 1, 2025?

8. By what date are customers required to renew or update their bank locker agreements in accordance with new RBI guidelines?

9. The new IRCTC online reservation guidelines for general tickets apply specifically to which type of users?

10. What is banned under India's new Promotion & Regulation of Online Gaming Act?

11. What types of games are permitted under India's new Promotion & Regulation of Online Gaming Act?

12. What is a primary aim of the new Online Gaming Regulation in India?

13. Which specific UPI feature has the National Payments Corporation of India (NPCI) discontinued to strengthen security and reduce fraud risks?

14. What is the main reason cited for the discontinuation of the P2P "collect request" feature in UPI?

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