RBI compensation for small digital-fraud victims

1. Question 1Answer B

   When was the RBI's small digital-fraud compensation first announced?

   • A8 April 2026
   • BCorrect answer: 6 February 2026
   • C1 January 2027
   • D12 May 2026

   Core Trigger: On 24 June 2026 the RBI finalised compensation for small digital-fraud victims, first announced 6 February 2026.From Book 1 RATNA, topic 172, point 1

2. Question 2Answer A

   Consider: 1. A loss up to Rs 50,000 reported within five calendar days qualifies. 2. Compensation is 85% or Rs 25,000, whichever is higher. Which is/are correct?

   • ACorrect answer: Only 1
   • BOnly 2
   • CBoth 1 and 2
   • DNeither

   Key Terms: A loss up to Rs 50,000, reported within five calendar days, earns 85% or Rs 25,000, whichever is lower.From Book 1 RATNA, topic 172, point 2

3. Question 3Answer D

   Which RBI Governor announced the compensation plan after the 6 February 2026 policy?

   • AShaktikanta Das
   • BUrjit Patel
   • CDuvvuri Subbarao
   • DCorrect answer: Sanjay Malhotra

   Current Head: Governor Sanjay Malhotra announced the plan after the 6 February 2026 monetary policy.From Book 1 RATNA, topic 172, point 3

4. Question 4Answer C

   From which date does the scheme apply to transactions?

   • A1 July 2026
   • B24 June 2026
   • CCorrect answer: 1 January 2027
   • D1 April 2027

   Key Rule: Relief is once in a lifetime, for transactions from 1 January 2027, deferred from 1 July 2026.From Book 1 RATNA, topic 172, point 4

5. Question 5Answer B

   Portal-reported frauds rose from 2.6 lakh in 2021 to how many lakh in 2025?

   • A18
   • BCorrect answer: 28
   • C38
   • D8

   Data Point: Portal-reported frauds rose from 2.6 lakh in 2021 to 28 lakh in 2025, worth Rs 22,931 crore.From Book 1 RATNA, topic 172, point 5

6. Question 6Answer A

   Suspect Registry data is to be fed into which tool?

   • ACorrect answer: MuleHunter.ai
   • BSachet
   • CUDGAM
   • DPratibimb

   Agreements: On 12 May 2026 I4C and the RBI Innovation Hub signed an MoU to feed Suspect Registry data into MuleHunter.ai.From Book 1 RATNA, topic 172, point 6

7. Question 7Answer D

   In which year did the RBI Central Office move permanently to Mumbai?

   • A1935
   • B1949
   • C1947
   • DCorrect answer: 1937

   Headquarters: The RBI Central Office first sat in Kolkata and moved permanently to Mumbai in 1937.From Book 1 RATNA, topic 172, point 8

8. Question 8Answer C

   The RBI came into being in which year?

   • A1937
   • B1947
   • CCorrect answer: 1935
   • D1949

   Founded: The RBI was established on 1 April 1935 under the RBI Act, 1934.From Book 1 RATNA, topic 172, point 9

9. Question 9Answer D

   Under the 6 July 2017 circular, the burden of proof lies on whom?

   • ACustomers
   • BNPCI
   • CPolice
   • DCorrect answer: Banks

   Landmark: The 6 July 2017 circular gave zero customer liability for bank fault, with burden of proof on banks.From Book 1 RATNA, topic 172, point 10

10. Question 10Answer C

    Consider: 1. A shadow reversal is a provisional credit while the bank investigates. 2. The DEA Fund Scheme, 2014 is under Section 26A of the Banking Regulation Act, 1949. Which is/are correct?

    • AOnly 1
    • BOnly 2
    • CCorrect answer: Both 1 and 2
    • DNeither

    Statute: The DEA Fund Scheme, 2014, under Section 26A of the Banking Regulation Act, 1949, holds long-unclaimed deposits.From Book 1 RATNA, topic 172, point 11

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