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Current Affairs & MCQs
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MCQs 2026

1.
NEEDS_REVIEW
A NEEDS_REVIEW
B NEEDS_REVIEW
C NEEDS_REVIEW
D NEEDS_REVIEW
2.
NEEDS_REVIEW
A NEEDS_REVIEW
B NEEDS_REVIEW
C NEEDS_REVIEW
D NEEDS_REVIEW
3.
NEEDS_REVIEW
A NEEDS_REVIEW
B NEEDS_REVIEW
C NEEDS_REVIEW
D NEEDS_REVIEW
4.
NEEDS_REVIEW
A NEEDS_REVIEW
B NEEDS_REVIEW
C NEEDS_REVIEW
D NEEDS_REVIEW
5.
NEEDS_REVIEW
A NEEDS_REVIEW
B NEEDS_REVIEW
C NEEDS_REVIEW
D NEEDS_REVIEW
6.
NEEDS_REVIEW
A NEEDS_REVIEW
B NEEDS_REVIEW
C NEEDS_REVIEW
D NEEDS_REVIEW
7.
What is a key requirement under RBI's Digital Lending Guidelines concerning data privacy and usage by Lending Service Providers (LSPs)?
A LSPs are permitted to access all data on a borrower's mobile phone, including contacts and call logs, without explicit consent.
B LSPs must obtain explicit consent from borrowers for specific data usage and restrict access to only essential data relevant to the loan product.
C LSPs are not required to have a publicly available data privacy policy.
D Data collected by LSPs can be shared freely with any third party for marketing and cross-selling purposes.
8.
Which of the following consumer protection measures was introduced by RBI in its Digital Lending Guidelines to allow borrowers time to reconsider their loan decision?
A Allowing lenders to charge unlimited processing fees.
B Mandating a 'cooling-off' or 'look-up' period for borrowers.
C Removing the need for a dedicated grievance redressal officer.
D Permitting automatic increase in interest rates without prior notice to the borrower.
9.
As per RBI's Digital Lending Guidelines, what is a mandatory requirement regarding the disbursal of loans by Regulated Entities (REs) or through Lending Service Providers (LSPs)?
A Loans must be disbursed through a pool account managed by the LSP.
B Loans must be disbursed directly into the borrower's bank account without any intermediation.
C Loans can be disbursed in cash at the discretion of the LSP.
D Loans must be disbursed to the bank account of the Lending Service Provider first.
10.
What is the overarching objective behind RBI's continuous efforts to strengthen the cybersecurity framework for the Indian banking sector?
A To promote the use of cash transactions over digital payments.
B To reduce the operational costs associated with IT infrastructure for banks.
C To ensure the resilience, stability, and integrity of the financial system against evolving cyber threats.
D To encourage banks to invest solely in physical security measures.
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