MCQs on Banking & Finance Current Affairs

1.

The RBI's expanded digital lending guidelines have introduced stricter norms for outsourcing. What is a key requirement for regulated entities when outsourcing digital lending activities?

A Outsourcing is completely banned for all digital lending activities.

B The regulated entity must retain full control and oversight of the outsourced activity.

C The outsourcing agreement can be verbal.

D The third-party vendor must be a bank.

2.

Under the expanded digital lending guidelines, what is the role of the 'Digital Lending App' (DLA) in relation to the regulated entity (RE)?

A The DLA can operate independently without any oversight from the RE.

B The DLA must be owned and operated by the regulated entity.

C The DLA must clearly disclose that it is acting on behalf of the RE.

D The DLA is solely responsible for all credit risk.

3.

The RBI's expanded digital lending guidelines, effective from late 2025, aim to enhance customer protection. Which of the following is NOT a key provision under these guidelines?

A Mandatory upfront disclosure of all charges and fees to the borrower.

B Prohibition of automatic increase in credit limit without borrower's explicit consent.

C Allowing lending service providers (LSPs) to hold customer data indefinitely.

D Requirement for a cooling-off period for loan cancellation.

4.

Which of the following is a key objective highlighted by the RBI in its Mid-Year Monetary Policy Review for FY27, alongside maintaining price stability?

A Aggressively reducing the fiscal deficit.

B Promoting financial inclusion and digital payments.

C Implementing capital controls to manage exchange rates.

D Encouraging outward foreign direct investment.

5.

In the Mid-Year Monetary Policy Review for FY27, the RBI's Monetary Policy Committee (MPC) decided to keep the policy repo rate unchanged. What is the current policy repo rate?

A 5.90%

B 6.15%

C 6.50%

D 6.75%

6.

As per the RBI's Mid-Year Monetary Policy Review for FY27 (released in October 2026), what is the projected Real GDP growth rate for FY27?

A 6.8%

B 7.0%

C 7.2%

D 7.5%

Banking & Finance MCQs - 2026-07-23