MCQs on Banking & Finance Current Affairs (July 2026)

1.

The 2026 digital lending framework for NBFCs introduces a 'cooling-off' period. What is the purpose of this period?

A To allow NBFCs to assess borrower's creditworthiness.

B To provide borrowers time to reconsider their loan decision without penalty.

C To facilitate faster loan disbursal.

D To enable NBFCs to collect additional documentation.

2.

Under the new digital lending framework for NBFCs (2026), what is a key requirement regarding the disclosure of all-in costs to borrowers?

A Disclosure only of the principal amount.

B Disclosure of the Annual Percentage Rate (APR) upfront.

C Disclosure of processing fees only.

D Disclosure of interest rates only at the end of the loan term.

3.

The new digital lending framework for NBFCs, unveiled in 2026, aims to enhance transparency and consumer protection. Which regulatory body is primarily responsible for overseeing its implementation?

A Securities and Exchange Board of India (SEBI)

B Reserve Bank of India (RBI)

C Ministry of Finance

D National Payments Corporation of India (NPCI)

4.

The RBI's Mid-Year Financial Stability Report 2026 emphasized the need for enhanced cybersecurity measures. Which of the following was NOT mentioned as a key risk area in this context?

A Ransomware attacks

B Phishing and social engineering

C Increased use of physical cash transactions

D Data breaches and unauthorized access

5.

What was the projected Gross Non-Performing Assets (GNPA) ratio for Scheduled Commercial Banks (SCBs) as per the RBI's Mid-Year Financial Stability Report 2026?

A Around 3.0%

B Around 4.5%

C Around 5.2%

D Around 6.1%

6.

According to the RBI's Mid-Year Financial Stability Report 2026, which sector was identified as a key area of concern regarding asset quality deterioration?

A Information Technology

B Retail Lending

C Commercial Real Estate

D Agricultural Sector

Banking & Finance MCQs - 2026-07-21