MCQs on RBI Digital Rupee and ULI Integration April 2026

281.

The new RBI framework for digital lending imposes stricter eligibility criteria for Digital Lending Entities (DLEs). What is one such criterion mentioned?

A Mandatory listing on stock exchanges.

B Minimum net worth requirement for non-bank entities.

C Requirement to operate only through physical branches.

D Exemption from KYC norms for all DLEs.

282.

What is the significance of the standardized Key Fact Statement (KFS) introduced by the RBI?

A It is an optional document for borrowers to review.

B It provides borrowers with clear and concise information about loan terms, including APR and all-in-cost.

C It is primarily for internal auditing purposes of the lending institutions.

D It is a marketing tool to attract more borrowers.

283.

According to the new RBI framework, all digital loan disbursals and repayments must be routed through:

A Third-party payment gateways only.

B The bank accounts of the borrower and the regulated entity (RE).

C Digital wallets exclusively.

D Prepaid payment instruments issued by non-banks.

284.

Which of the following is a key objective of the RBI's new framework for digital lending announced on April 4, 2026?

A To encourage unregulated lending practices for faster credit access.

B To enhance consumer protection and ensure financial stability.

C To reduce the role of banks in digital lending operations.

D To promote the use of cryptocurrency for loan repayments.

285.

The report emphasizes the importance of leveraging technology and strengthening which initiatives to address remaining gaps in financial inclusion?

A Monetary policy interventions.

B Fiscal stimulus packages.

C Financial literacy initiatives.

D Trade liberalization policies.

286.

Which of the following is identified as a persistent challenge in India's financial inclusion drive?

A Excessive availability of credit.

B High levels of financial literacy.

C Limited access to credit for small businesses and farmers.

D Over-reliance on digital payment channels.

287.

According to the report released on April 3, 2026, what percentage of households in rural and semi-urban areas now have access to formal banking services?

A Approximately 75%.

B Approximately 85%.

C Approximately 95%.

D Approximately 60%.

288.

Which government initiative has significantly improved access to banking services, particularly in rural and semi-urban areas?

A Make in India.

B Swachh Bharat Abhiyan.

C Pradhan Mantri Jan Dhan Yojana (PMJDY).

D Ayushman Bharat Yojana.

289.

Which of the following is a key policy objective for the Indian government related to financial access?

A Increasing the number of non-performing assets.

B Ensuring access to affordable, appropriate, and timely financial products and services for all.

C Promoting the use of informal financial channels.

D Reducing the number of bank branches in rural areas.

290.

The phased implementation of the Basel III finalization reforms in India is scheduled to begin from and conclude by:

A April 1, 2025, and April 1, 2028.

B April 1, 2026, and April 1, 2029.

C April 1, 2027, and April 1, 2030.

D April 1, 2028, and April 1, 2031.

Banking & Finance MCQs