Banking & Finance Current Affairs MCQs

1.

The Ministry of Finance announces revised interest rates for small savings schemes every quarter. For the quarter of January-March 2026, the interest rate on the Sukanya Samriddhi Yojana (SSY) was maintained at the previous quarter's level. What was this rate?

A 8.2%

B 8.0%

C 7.8%

D 7.6%

2.

Interest rates on small savings schemes are typically revised by the Ministry of Finance based on the movement of benchmark government securities. For the quarter of October-December 2025, which of the following small savings schemes saw an increase in its interest rate?

A Public Provident Fund (PPF)

B Senior Citizen's Savings Scheme (SCSS)

C Kisan Vikas Patra (KVP)

D NEEDS_REVIEW

3.

The Ministry of Finance, Government of India, revises the interest rates for various small savings schemes quarterly. For the first quarter of the financial year 2026-27 (April-June 2026), what is the revised interest rate for the National Savings Certificate (NSC)?

A 7.1%

B 7.5%

C 7.7%

D NEEDS_REVIEW

4.

According to the RBI's 2024 digital lending guidelines, what is the minimum tenure that Digital Lending Apps (DLAs) must offer for all loan products?

A 3 months

B 6 months

C 12 months

D NEEDS_REVIEW

5.

The Reserve Bank of India's (RBI) updated framework on digital lending, effective from 2024, aims to enhance transparency and protect borrowers. Which entity is primarily responsible for ensuring compliance with these guidelines by Digital Lending Apps (DLAs)?

A Ministry of Electronics and Information Technology (MeitY)

B The Regulated Entity (RE) that partners with the DLA.

C The borrower's bank.

D The Digital Lending Association of India (DLAI).

6.

As per the revised guidelines issued by the Reserve Bank of India (RBI) in 2024 concerning digital lending, which of the following is NOT mandated for Digital Lending Apps (DLAs)?

A Disclosure of all-in-cost of loans to borrowers.

B Appointment of a Designated Chief Compliance Officer (CCO).

C Mandatory upfront disclosure of the Annual Percentage Rate (APR).

D Prohibition of automatic credit limit enhancement without explicit consent.

Banking & Finance MCQs - 2026-07-17