MCQs on RBI Digital Rupee and ULI Integration April 2026

61.

Under the new digital lending guidelines, who is primarily responsible for ensuring compliance?

A Borrowers only

B Third-party technology providers

C Regulated entities (banks, NBFCs) and their outsourcing partners

D The government alone

62.

Which of the following is a key provision in the new digital lending guidelines?

A Allowing lenders to charge arbitrary fees

B Mandatory disclosure of all charges and fees upfront

C Permitting hidden charges

D Reducing the need for borrower consent

63.

What is the primary objective of the new digital lending guidelines introduced by the RBI?

A To restrict digital lending activities

B To increase the cost of digital loans

C To enhance transparency and protect borrowers

D To reduce the role of banks in digital lending

64.

Which sector has been a significant contributor to the recent robust bank credit growth as per RBI observations?

A Agriculture

B Services sector

C Manufacturing sector

D All of the above

65.

What is a potential positive implication of robust bank credit growth for the Indian economy?

A Increased inflation

B Reduced investment

C Stimulated economic activity and investment

D Decreased consumer spending

66.

According to recent RBI reports, what trend has been observed in bank credit growth in India?

A Significant decline

B Stagnation

C Robust and steady growth

D Volatile fluctuations

67.

Which entity is responsible for issuing the PCA framework guidelines for Urban Cooperative Banks in India?

A Ministry of Finance

B NABARD

C Reserve Bank of India (RBI)

D Securities and Exchange Board of India (SEBI)

68.

What is the main purpose of placing an Urban Cooperative Bank under the PCA framework?

A To shut down the bank immediately

B To facilitate timely intervention and corrective measures

C To increase the interest rates for depositors

D To merge the bank with a private sector bank

69.

The Prompt Corrective Action (PCA) framework for Urban Cooperative Banks (UCBs) is primarily based on which of the following parameters?

A Capital, Asset Quality, and Profitability

B Customer base and Branch network

C Number of employees and IT infrastructure

D Social media presence and marketing budget

70.

Which document must be provided to the borrower by the Regulated Entity containing all-inclusive cost of digital loans?

A Key Fact Statement (KFS)

B Annual Information Return

C Credit Information Report

D Loan Sanction Letter

Banking & Finance MCQs