UPSC Prelims Practice Questions — Prime Minister Shri Narendra Modi inaugurates RBI’s newly established Data Centre and Cybersecurity Training Institute in Bhubaneswar, Odisha

Q1. With reference to how cyber security incidents in India's financial sector are handled, consider the following statements: Which of the statements given above is/are correct?

  1. The Computer Security Incident Response Team–Finance Sector (CSIRT-Fin) functions as an internal department of the Reserve Bank of India and takes its incident-handling guidance from the central bank.
  2. CERT-In's position as the national agency for cyber incident response rests on a provision of a parliamentary statute, the Information Technology Act, 2000.
  3. Since a dedicated response team exists for the financial sector, CERT-In has no role in cyber incidents arising in banks.
  • A. 1 only
  • B. 1 and 3 only
  • C. 2 only
  • D. 2 and 3 only

Q2. Under the RBI's 2016 Cyber Security Framework in Banks, banks must report to the RBI all unusual cyber security incidents, whether they succeeded or were attempts that did not fructify. Banks are also encouraged to report incidents promptly to IB-CART, a centre for analysis of risks and threats set up by IDRBT. Which of the following can be validly inferred from the above?

  1. The RBI's reporting requirement seeks information that goes beyond incidents which cause actual financial loss.
  2. A bank that reports an incident to IB-CART is thereby relieved of its obligation to report it to the RBI.
  3. The RBI intends to impose a penalty on a bank for every unsuccessful attack that the bank reports.
  • A. 1 only
  • B. 1, 2 and 3
  • C. 2 and 3 only
  • D. 1 and 2 only

Q3. Consider the following statements: Which of the following is correct in respect of the above statements?

  1. The RBI's 2016 framework requires banks to have a Board-approved cyber security policy that is distinct and separate from their broader IT/IS security policy.
  2. A separate policy allows the risks arising from cyber threats, and the measures to mitigate them, to be highlighted on their own rather than being subsumed within general IT security.
  • A. Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
  • B. Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
  • C. Statement-I is correct, but Statement-II is incorrect
  • D. Statement-I is incorrect, but Statement-II is correct

Q4. With reference to the Pradhan Mantri Suraksha Bima Yojana (PMSBY) and the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), consider the following statements: Which of the statements given above is/are correct?

  1. A claim under PMJJBY arises only when the insured person's death results from an accident.
  2. PMSBY carries a lower annual premium than PMJJBY, in keeping with the narrower, accident-only risk that it covers.
  • A. 1 only
  • B. 2 only
  • C. Both 1 and 2
  • D. Neither 1 nor 2

Q5. With reference to the transfer of welfare benefits directly into beneficiaries' bank accounts, consider the following statements: Which of the statements given above is/are correct?

  1. Crediting the amount straight into the beneficiary's own account removes intermediaries who could otherwise siphon off part of it.
  2. Once leakages are plugged, the total amount the government spends on welfare necessarily falls.
  3. Bank accounts opened by poor households to receive benefits can also serve as their entry point into low-premium insurance and pension schemes.
  • A. 1, 2 and 3
  • B. 1 only
  • C. 2 only
  • D. 1 and 3 only