MCQs on Banking & Finance: RBI Policy, Digital Lending (Oct 2026)

41.

What is the primary objective of the EOS-08 satellite mission launched by ISRO?

A To provide high-resolution lunar surface mapping

B To demonstrate technologies for microsatellites and payload integration

C To monitor solar flares and space weather exclusively

D To establish a dedicated military communication network

42.

Which launch vehicle was utilized by ISRO for the successful deployment of the EOS-08 satellite in August 2024?

A PSLV-C59

B SSLV-D3

C LVM3-M4

D GSLV-F15

43.

Sustained growth in India's manufacturing sector in 2026 is likely to have a positive impact on which of the following economic indicators?

A Unemployment rate

B Inflation rate

C Current account deficit

D Government debt to GDP ratio

44.

Which of the following indices is commonly used to track the performance and growth of the manufacturing sector in India?

A Consumer Price Index (CPI)

B Purchasing Managers' Index (PMI) for Manufacturing

C Wholesale Price Index (WPI)

D Index of Industrial Production (IIP)

45.

As of 2026, India's manufacturing sector is experiencing strong growth. Which of the following is a significant government initiative that has contributed to this momentum?

A The 'Make in India' initiative, focusing on attracting foreign investment and boosting domestic manufacturing.

B A complete ban on the import of manufactured goods.

C A significant reduction in corporate tax rates for all sectors, not just manufacturing.

D The dismantling of all industrial zones and special economic zones.

46.

If SEBI introduces stricter regulations for AIFs in 2026, what is a likely impact on the investment landscape?

A Increased liquidity and easier access to capital for AIFs.

B Potentially higher compliance costs and a more cautious approach from fund managers.

C A significant reduction in the overall number of AIFs operating in India.

D Greater regulatory arbitrage opportunities for AIFs.

47.

Which of the following categories of Alternative Investment Funds (AIFs) typically involves investing in startups and early-stage ventures?

A Category I AIFs

B Category II AIFs

C Category III AIFs

D All of the above

48.

In 2026, SEBI is considering stricter regulations for Alternative Investment Funds (AIFs). What is a primary concern driving these potential regulatory changes?

A The rapid growth and increasing complexity of AIFs, leading to potential systemic risks.

B A decline in the number of investors participating in AIFs.

C A lack of innovation within the AIF sector.

D The low returns generated by AIFs compared to traditional investments.

49.

A significant aspect of the RBI's enhanced digital lending framework in 2026 is the prohibition of certain practices. Which of the following is explicitly prohibited for digital lenders?

A Offering loans with flexible repayment options.

B Collecting personal data beyond what is necessary for loan assessment.

C Providing loan sanction letters before disbursal.

D Partnering with licensed financial institutions.

50.

As per the updated RBI guidelines on digital lending (as of 2026), which entity is primarily responsible for ensuring compliance by Digital Lending Apps (DLAs)?

A The Ministry of Electronics and Information Technology (MeitY).

B The Digital Lending Association of India (DLAI).

C The regulated entity (e.g., bank or NBFC) that owns or partners with the DLA.

D The individual borrower through self-declaration.

MCQs - 2026-10