Banking & Finance MCQs - May 2026 Current Affairs

191.

Who is the ex-officio Chairperson of the Monetary Policy Committee (MPC) of India?

A Finance Minister of India

B Finance Secretary

C Governor of the RBI

D Chief Economic Advisor

192.

Which of the following rates is known as the 'Policy Rate' in India, which the RBI usually keeps unchanged during a 'status quo' decision?

A Reverse Repo Rate

B Repo Rate

C Bank Rate

D Statutory Liquidity Ratio

193.

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

194.

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

195.

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

196.

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

197.

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

198.

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

199.

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

200.

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