Banking & Finance MCQs - May 2026 Current Affairs

81.

What was a primary driver for the robust Q4 FY26 earnings reported by Public Sector Banks (PSBs)?

A A significant increase in non-performing assets (NPAs).

B A decline in net interest margins (NIMs).

C Improvement in asset quality and reduction in NPAs.

D Reduced government capital infusion.

82.

The RBI's new regulations for digital lending platforms mandate that loan disbursals and repayments should be directly routed through the bank accounts of the borrower and the regulated entity (RE). Which of the following is a primary reason for this mandate?

A To facilitate faster loan approvals.

B To prevent misuse of funds and ensure transparency in financial flows.

C To reduce the transaction costs for digital lenders.

D To encourage the use of digital wallets.

83.

As per the recent RBI guidelines, digital lending platforms are generally required to disclose all-in costs, including fees and charges, to the borrower. What does 'all-in cost' typically encompass?

A Only the principal loan amount.

B Interest rate, processing fees, and any other charges levied.

C Penalties for late payments only.

D Administrative costs of the lending institution.

84.

Which of the following is a key objective behind the Reserve Bank of India's (RBI) introduction of stricter norms for digital lending platforms?

A To encourage unregulated lending practices.

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

C To reduce the number of digital lending platforms in operation.

D To increase the interest rates charged by digital lenders.

85.

The RBI has emphasized the importance of robust cybersecurity frameworks for banks as part of its digital transformation push. What is the primary reason for this emphasis?

A To reduce physical branch operations

B To prevent data breaches and financial frauds in digital transactions

C To increase the speed of transactions

D To comply with international banking standards only

86.

What is one of the key objectives behind the RBI's initiative to introduce a Central Bank Digital Currency (CBDC) in India?

A To replace physical currency entirely

B To reduce the cost of currency management and boost digital economy

C To promote cryptocurrency investments

D To facilitate international trade only

87.

Which of the following digital payment systems, promoted by RBI, has significantly contributed to financial inclusion and real-time transactions in India?

A NEFT

B RTGS

C UPI

D IMPS

88.

What is the primary objective of the Centralised Receipt and Processing Centre (CRPC) established under the RBI's enhanced grievance redressal framework?

A To provide financial literacy to customers

B To receive and process complaints centrally

C To conduct audits of banks

D To manage inter-bank settlements

89.

Which of the following entities are covered under the RBI's Integrated Ombudsman Scheme, 2021?

A Commercial Banks only

B Non-Banking Financial Companies (NBFCs) only

C Scheduled Commercial Banks, Non-Scheduled Commercial Banks, Regional Rural Banks, Urban Co-operative Banks, and NBFCs

D Only Public Sector Banks

90.

What is the name of the integrated grievance redressal scheme launched by RBI to simplify the process for customers?

A Banking Ombudsman Scheme

B Integrated Ombudsman Scheme

C Digital Grievance Redressal Scheme

D Financial Consumer Protection Scheme