MCQs on Banking & Finance Current Affairs (April 2026)

1.

Which entities are primarily covered under the RBI's digital lending regulatory framework?

A Only Fintech startups

B Regulated Entities (REs) like Banks and NBFCs

C Only E-commerce platforms

D Individual money lenders

2.

What is the 'Key Fact Statement' (KFS) in the context of digital lending?

A A document detailing the total cost of credit to the borrower

B A list of all digital lending apps approved by the government

C A report on the credit score of the borrower

D A marketing brochure for digital loans

3.

Under the new RBI digital lending guidelines, who is responsible for the repayment of loans?

A The Digital Lending App (DLA)

B The Borrower directly to the Regulated Entity (RE)

C The Payment Gateway provider

D The Third-party recovery agent

4.

Who chairs the Monetary Policy Committee (MPC) of the RBI?

A Finance Minister

B Prime Minister

C RBI Governor

D Chief Economic Advisor

5.

What is the primary objective of the RBI maintaining a high Repo Rate during inflation?

A To increase money supply in the market

B To absorb excess liquidity and control inflation

C To encourage bank lending to corporate sectors

D To devalue the Indian Rupee

6.

Which committee is responsible for deciding the Repo Rate in India?

A Monetary Policy Committee (MPC)

B Financial Stability and Development Council

C Economic Advisory Council

D Securities and Exchange Board of India

Banking & Finance MCQs - 2026-04-25