Banking & Finance MCQs

31.

The RBI's revised digital lending framework is expected to have a positive impact on financial inclusion by:

A Increasing the cost of digital loans.

B Reducing trust in digital lending platforms.

C Boosting trust in digital lending, potentially leading to greater access.

D Discouraging the use of digital lending apps.

32.

Which aspect of digital lending practices is explicitly prohibited by the new RBI framework?

A Transparent disclosure of interest rates.

B Robust data governance measures.

C Certain aggressive recovery practices.

D KYC compliance for borrowers.

33.

The RBI's new framework for digital lending clarifies the role of Digital Lending Apps (DLAs) and Regulated Entities (REs) by:

A Granting DLAs complete autonomy in lending decisions.

B Ensuring REs retain ultimate control and responsibility over lending activities.

C Allowing DLAs to act as independent lenders without RE oversight.

D Reducing the compliance burden on REs involved in digital lending.

34.

Which of the following is a key feature of the new RBI digital lending framework regarding loan pricing?

A It allows for hidden charges and fees.

B It mandates greater transparency in all charges and fees.

C It permits differential pricing based on customer's social media activity.

D It exempts loans below a certain threshold from pricing disclosure.

35.

What is a primary objective of the RBI's revised framework for digital lending announced on April 5, 2026?

A To encourage aggressive loan recovery practices.

B To reduce transparency in loan pricing.

C To enhance consumer protection and financial stability.

D To allow unregulated outsourcing of critical functions.

Banking & Finance MCQs - 2026-04-06