MCQs: RBI Monetary Policy & Digital Lending Regulations (June 2026)

1.

According to RBI guidelines, who must provide the 'Key Fact Statement' (KFS) to the borrower?

A The Regulated Entity (RE)

B The Lending Service Provider (LSP)

C The Government of India

D The Credit Bureau

2.

What is the primary objective of the RBI's stricter digital lending guidelines?

A To increase the number of digital lending apps

B To enhance consumer protection and data privacy

C To reduce the role of banks in lending

D To promote cryptocurrency usage

3.

Under the new RBI digital lending guidelines, who is responsible for the repayment of loans?

A The Lending Service Provider (LSP)

B The Regulated Entity (RE) directly

C The third-party recovery agent

D The digital platform owner

4.

Which body is responsible for deciding the Repo Rate in India?

A Ministry of Finance

B Securities and Exchange Board of India (SEBI)

C Monetary Policy Committee (MPC)

D NITI Aayog

5.

What does a 'Hawkish Stance' by the RBI typically imply?

A A preference for lowering interest rates to boost growth

B A focus on controlling inflation by keeping interest rates high

C A neutral approach towards monetary policy

D An increase in liquidity injection into the market

6.

What is the current Repo Rate maintained by the Reserve Bank of India (RBI) in its recent monetary policy review?

A 6.0%

B 6.25%

C 6.5%

D 6.75%

Banking & Finance MCQs - 2026-06-25