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    Question

    What is the primary objective of RBI’s local cloud

    data storage pilot program launching in 2025?
    A To replace foreign cloud services in India Correct Answer Incorrect Answer
    B To offer cost-effective solutions for smaller financial firms Correct Answer Incorrect Answer
    C To store international payment data locally Correct Answer Incorrect Answer
    D To create a backup for all Indian banks Correct Answer Incorrect Answer
    E To support blockchain implementation Correct Answer Incorrect Answer

    Solution

    RBI’s local cloud storage initiative aims to provide affordable cloud solutions to smaller banking and financial firms, focusing on data localization and reducing dependency on global players.

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