MCQs on Banking & Finance Current Affairs

1.

The Green Finance framework is aligned with India's commitment to which global goal?

A Net Zero Emissions by 2070

B Universal Basic Income

C Digital Currency Adoption

D Space Exploration

2.

Which of the following is a key instrument used under the Green Finance framework?

A Sovereign Green Bonds

B Corporate Dividend Tax

C Personal Income Tax

D Import Duty on Gold

3.

What is the primary focus of the new Green Finance framework introduced by the RBI and the Government?

A Promoting traditional coal-based energy

B Mobilizing capital for sustainable and climate-resilient projects

C Reducing the tax on luxury goods

D Increasing the import of petroleum products

4.

Which entity is required to provide a Key Fact Statement (KFS) to the borrower under RBI's digital lending norms?

A The Regulated Entity (RE)

B The Lending Service Provider (LSP)

C The Credit Bureau

D The Ministry of Finance

5.

What is the main purpose of the RBI's stricter digital lending regulations?

A To ban all digital lending apps

B To protect borrowers from unethical recovery practices

C To increase the interest rates on digital loans

D To promote cryptocurrency lending

6.

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

A The Digital Lending App (DLA)

B The Regulated Entity (RE) / Bank

C The Payment Gateway

D The Government of India

7.

What is the primary objective of keeping the Repo Rate unchanged at 6.50%?

A To increase fiscal deficit

B To manage inflation and support growth

C To devalue the Indian Rupee

D To reduce foreign exchange reserves

8.

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

A Monetary Policy Committee (MPC)

B Financial Stability Committee

C Economic Advisory Council

D Banking Regulation Committee

9.

What is the current Repo Rate maintained by the RBI as per the latest monetary policy committee decision?

A 6.00%

B 6.25%

C 6.50%

D 6.75%

Banking & Finance MCQs - 2026-05-02