Banking and Finance Current Affairs MCQs for Competitive Exams

1.

Under the new SEBI norms, AIFs are required to disclose information about their investment strategy and asset allocation. This is intended to:

A Allow competitors to replicate their strategies.

B Help investors understand how their capital is being deployed.

C Reduce the need for due diligence by investors.

D Increase the complexity of fund operations.

2.

Which of the following is a key change introduced by SEBI regarding disclosure norms for AIFs?

A Reduced frequency of reporting to investors.

B Mandatory disclosure of material risks and conflicts of interest.

C Exemption from disclosing fund performance.

D Increased limit on management fees.

3.

SEBI has recently tightened disclosure norms for Alternative Investment Funds (AIFs). What is a primary reason for this action?

A To encourage more foreign investment in AIFs.

B To enhance transparency and protect investors' interests.

C To reduce the regulatory burden on AIF managers.

D To simplify the process of setting up new AIFs.

4.

The RBI's new digital lending guidelines require lenders to provide borrowers with a Key Fact Statement (KFS). What essential information should this KFS contain?

A Only the loan amount and tenure.

B All-in-one cost of the loan, including all charges, fees, and the Annual Percentage Rate (APR).

C The names of the digital lending platform's directors.

D Information about the borrower's credit score.

5.

What is the primary objective of the RBI's enhanced guidelines on digital lending transparency?

A To reduce the number of digital lending platforms.

B To protect borrowers from unfair practices and ensure fair lending.

C To increase the interest rates on digital loans.

D To promote the use of physical loan documents.

6.

Which of the following measures has been introduced by the RBI to enhance transparency in digital lending?

A Mandatory disclosure of all charges and fees by lenders.

B Introduction of a standardized Key Fact Statement (KFS) for all digital loans.

C Requirement for lenders to appoint a nodal officer for grievance redressal.

D All of the above.

Banking & Finance MCQs - 2026-05-06