MCQs on RBI Policy & Digital Lending

1.

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

A To ban all digital lending apps

B To promote unregulated lending

C To protect customers and ensure transparency

D To increase interest rates for borrowers

2.

Which of the following is a key requirement for Digital Lending Apps under RBI guidelines?

A Apps must store data on foreign servers

B Apps must provide a Key Fact Statement (KFS) to the borrower

C Apps can charge unlimited processing fees

D Apps do not need to disclose the name of the lender

3.

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)

C The Third-party Service Provider

D The Government of India

4.

What is the primary objective of keeping the Repo Rate unchanged?

A To increase fiscal deficit

B To align inflation with the target

C To decrease foreign exchange reserves

D To stop bank lending

5.

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

6.

What is the current Repo Rate maintained by the Reserve Bank of India (RBI) as per the latest monetary policy?

A 6.0%

B 6.25%

C 6.5%

D 6.75%

Banking & Finance MCQs - 2026-05-11