Banking & Finance MCQs - May 2026 Current Affairs

171.

What is the primary benefit of an AI-powered digital lending platform for borrowers?

A Increased physical documentation

B Faster loan processing and approval

C Higher interest rates

D Mandatory branch visits

172.

What is the primary objective of the RBI's monetary policy?

A To increase government spending

B To maintain price stability while keeping in mind the objective of growth

C To manage the stock market

D To regulate foreign trade

173.

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

174.

What is the current Repo Rate maintained by the RBI in its recent bi-monthly monetary policy review?

A 6.25%

B 6.50%

C 6.75%

D 6.00%

175.

The integration with ULI is mandated by the RBI for which category of financial institutions?

A All banks and small finance banks.

B Large Non-Banking Financial Companies (NBFCs).

C Co-operative banks and credit societies.

D Microfinance institutions only.

176.

Which entity is responsible for developing and managing the Unified Lending Interface (ULI)?

A National Payments Corporation of India (NPCI)

B Reserve Bank of India (RBI)

C Ministry of Electronics and Information Technology (MeitY)

D A consortium of large NBFCs

177.

What is the primary objective of the RBI's directive for large Non-Banking Financial Companies (NBFCs) to integrate with the Unified Lending Interface (ULI)?

A To increase the interest rates charged by NBFCs.

B To streamline and standardize the loan origination and processing.

C To reduce the number of loan applications processed by NBFCs.

D To encourage NBFCs to move away from digital lending.

178.

What is a potential benefit of implementing a T+0 settlement cycle in the stock market?

A Increased risk of market manipulation.

B Reduced liquidity in the market.

C Lower capital requirements for brokers.

D Faster release of funds and reduced counterparty risk.

179.

Which regulatory body has mandated the T+0 settlement cycle for the top 500 listed companies in India?

A Reserve Bank of India (RBI)

B Securities and Exchange Board of India (SEBI)

C Ministry of Finance

D National Stock Exchange (NSE)

180.

What does 'T+0' settlement cycle, mandated by SEBI for the top 500 listed companies, signify?

A Settlement of trades on the same trading day (T).

B Settlement of trades on the day after the trading day (T+1).

C Settlement of trades within two trading days (T+2).

D Settlement of trades within zero trading days.