Banking & Finance MCQs

31.

The RBI's new digital lending framework aims to curb which of the following issues prevalent in the digital lending space?

A Excessive competition among lenders.

B Predatory lending practices and opaque fee structures.

C Slow processing of loan applications.

D Limited availability of loan products.

32.

Which of the following functions, when outsourced by a digital lending platform, will be subject to stricter guidelines under the new RBI framework?

A Customer support and complaint handling.

B Marketing and advertising campaigns.

C Credit Assessment and Risk Management.

D Software development and maintenance.

33.

The new RBI digital lending framework emphasizes enhanced transparency regarding which of the following?

A Marketing strategies and customer acquisition costs.

B Annual Percentage Rate (APR) and all-inclusive charges.

C Employee salaries and operational overheads.

D The number of loan applications processed daily.

34.

What is a key requirement for Digital Lending Platforms (DLPs) to operate under the new RBI framework effective April 3, 2026?

A Obtain a license from the Ministry of Electronics and Information Technology (MeitY).

B Register with the Securities and Exchange Board of India (SEBI).

C Obtain a Certificate of Registration (CoR) from the RBI.

D Undergo an annual audit by a Big Four accounting firm.

35.

As per the RBI's new framework for digital lending announced on April 3, 2026, all loan disbursals and repayments must be executed between:

A The borrower's account and a third-party payment gateway.

B The digital lending platform's account and the borrower's account.

C The lender's account and a designated escrow account.

D The borrower's account and the digital lending platform's intermediary account.

Banking & Finance MCQs - 2026-04-03