Under the 2026 RBI data security guidelines, digital lending platforms are required to implement robust security measures. Which of the following is a crucial aspect of these measures?
A Regularly sharing customer data with third-party marketing agencies.
B Implementing strong encryption for data both in transit and at rest.
C Using outdated security protocols to ensure wider compatibility.
D Storing all customer passwords in plain text for easy retrieval.
Answer: B
A cornerstone of enhanced data security, as mandated by the RBI in 2026, is the implementation of strong encryption techniques to protect data integrity and confidentiality, whether it's being transmitted or stored.
1632.
In 2026, the RBI mandated enhanced data security measures for digital lending platforms. What is the primary concern addressed by these mandates?
A Ensuring that all data is stored on physical servers within India.
B Protecting sensitive customer data from unauthorized access, breaches, and misuse.
C Limiting the amount of data that can be collected from borrowers.
D Mandating the use of blockchain technology for all data storage.
Answer: B
The RBI's 2026 mandates for enhanced data security aim to safeguard sensitive customer information held by digital lending platforms against cyber threats and unauthorized access.
1633.
A significant aspect of the 2026 RBI digital lending framework is the prohibition of certain practices. Which of the following is explicitly prohibited for digital lending entities?
A Disclosing loan terms and conditions clearly to the borrower.
B Allowing borrowers to pre-pay loans without penalty.
C Charging upfront fees or margin deductions from the loan amount, except for specific permitted charges.
D Providing a cooling-off period for loan agreements.
Answer: C
The 2026 RBI guidelines prohibit digital lending entities from charging upfront fees or deducting margins from the loan amount, except for specific, transparently disclosed charges like processing fees.
1634.
As per the 2026 RBI guidelines on digital lending, which entity is primarily responsible for ensuring that the digital lending app/platform complies with all applicable laws and regulations?
A The borrower.
B The digital lending entity (lender).
C The third-party technology service provider.
D The local municipal corporation.
Answer: B
The RBI's 2026 guidelines place the onus on the digital lending entity (the lender) to ensure that its digital lending app/platform adheres to all legal and regulatory requirements.
1635.
In 2026, the Reserve Bank of India (RBI) announced enhanced guidelines for digital lending. Which of the following is a key objective of these new guidelines?
A To restrict all forms of digital lending to only scheduled commercial banks.
B To ensure greater transparency, fairness, and consumer protection in digital lending.
C To mandate a fixed interest rate cap for all digital loans.
D To encourage unregulated peer-to-peer lending platforms.
Answer: B
The enhanced digital lending framework by the RBI in 2026 primarily aims to bolster consumer protection, ensure transparency in fees and charges, and promote fair practices by digital lending entities.
1636.
In the context of the India-EU "Green Transition" focus, which of the following initiatives is most relevant to their collaborative efforts?
A Joint military exercises in the Arctic region
B Development of a common currency for bilateral trade
C Partnership on clean energy technologies and circular economy
D Establishment of a shared satellite navigation system
Answer: C
The India-EU "Green Transition" partnership primarily focuses on collaboration in areas such as clean energy technologies, climate action, sustainable finance, resource efficiency, and the circular economy, aligning with global climate goals.
1637.
India and the European Union re-launched negotiations for a Free Trade Agreement (FTA) in which year, aiming to boost bilateral trade and economic cooperation?
A 2018
B 2020
C 2022
D 2024
Answer: C
India and the European Union officially re-launched negotiations for a comprehensive Free Trade Agreement (FTA), an Investment Protection Agreement (IPA), and an Agreement on Geographical Indications (GIs) in June 2022.
1638.
The recent India-EU Strategic Dialogue emphasized key areas of cooperation. Which of the following is NOT a primary focus area highlighted in the context of this dialogue?
A Deepening trade and investment ties
B Advancing the green and sustainable transition
C Enhancing cooperation in space exploration and colonization
D Strengthening digital partnership and cybersecurity
Answer: C
While India and the EU cooperate on various fronts, space exploration and colonization are not typically highlighted as primary focus areas of their strategic dialogues, which predominantly center on trade, green transition, digital partnership, and security.
1639.
The Ezulwini Consensus is a significant proposal in the context of UN Security Council reform, particularly championed by which regional bloc?
A European Union
B African Union
C ASEAN
D BRICS
Answer: B
The Ezulwini Consensus, adopted by the African Union in 2005, calls for Africa to be allocated two permanent seats with veto power and five non-permanent seats in a reformed UN Security Council.
1640.
A key point of contention in the UN Security Council reform discussions is the issue of the veto power. Which of the following statements accurately reflects the current situation regarding the veto power?
A All 15 members of the Security Council possess veto power.
B Only the five permanent members (P5) hold veto power, and it applies to all substantive resolutions.
C Veto power can be exercised by any non-permanent member if supported by two-thirds of the General Assembly.
D The veto power has been abolished for resolutions concerning humanitarian interventions.
Answer: B
The veto power is exclusively held by the five permanent members (China, France, Russia, the United Kingdom, and the United States) and allows them to block any substantive resolution, regardless of the level of support it receives from other members.
