Current Affairs & MCQs
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MCQs 2026

211.
The prohibition of intermediary or pool accounts for disbursals and repayments is intended to:
A Increase the speed of transactions.
B Reduce the cost of borrowing.
C Prevent unauthorized channeling of funds and enhance transparency.
D Facilitate easier data sharing.
212.
Who is the regulatory body that has issued these new guidelines for digital lending platforms?
A Securities and Exchange Board of India (SEBI)
B Insurance Regulatory and Development Authority of India (IRDAI)
C Reserve Bank of India (RBI)
D Ministry of Corporate Affairs (MCA)
213.
The guidelines aim to bring greater transparency, fairness, and accountability to which ecosystem?
A Traditional banking.
B Stock market trading.
C Digital lending.
D Insurance sector.
214.
What is a key expected outcome of these new guidelines?
A Increased prevalence of unauthorized digital lenders.
B Protection of vulnerable borrowers from exorbitant interest rates and unethical recovery methods.
C Reduced transparency in lending processes.
D Encouragement of predatory lending practices.
215.
Through which accounts must loan disbursals and repayments be routed?
A Intermediary accounts only.
B Pool accounts only.
C Bank accounts of the borrower and the regulated entity (RE).
D Digital wallets of the lending platform.
216.
What kind of loan recovery practices are prohibited under the new guidelines?
A Fair and transparent methods.
B Practices involving harassment or undue pressure.
C Methods agreed upon by the borrower.
D Recovery through legal channels only.
217.
What is required before digital lending platforms can share borrower data with third parties?
A Notification to the RBI.
B Implicit consent from the borrower.
C Explicit consent from the borrower.
D A court order.
218.
What is a mandatory disclosure requirement for digital lending platforms under the new guidelines?
A Only the principal loan amount.
B All-in-cost of loans, including interest rates, fees, and charges, upfront.
C The projected profit of the lending platform.
D The credit score of the borrower's family members.
219.
When are the new RBI guidelines for digital lending platforms set to become effective?
A April 1, 2026
B May 1, 2026
C June 1, 2026
D July 1, 2026
220.
What is the primary objective of the RBI's new guidelines for digital lending platforms?
A To increase the number of digital lending platforms.
B To safeguard consumers from predatory lending practices.
C To encourage higher interest rates on digital loans.
D To reduce the regulatory oversight on digital lenders.