Banking & Finance MCQs: RBI, Digital Initiatives (July 2026)

141.

What is a key reason for banks to strengthen their cybersecurity frameworks?

A To comply with international banking regulations.

B To protect sensitive customer data and financial assets from cyber threats.

C To improve the efficiency of their online banking services.

D To reduce the number of physical branches.

142.

According to the RBI's guidelines, what information must be explicitly disclosed in the Key Fact Statement (KFS) for digital loans?

A Only the principal loan amount and interest rate.

B All-in-one cost of credit, including all charges, fees, and the Annual Percentage Rate (APR).

C The credit score of the borrower.

D The digital lending platform's profit margin.

143.

What is the primary objective of the RBI's enhanced transparency measures in digital lending?

A To increase the profitability of digital lending platforms.

B To protect borrowers from unfair practices and ensure fair treatment.

C To reduce the overall cost of borrowing for consumers.

D To encourage more banks to enter the digital lending space.

144.

Which of the following measures has been introduced by the RBI to enhance transparency in digital lending?

A Mandatory disclosure of all charges and fees by lenders.

B Introduction of a standardized Key Fact Statement (KFS) for all digital loans.

C Requirement for lenders to provide a cooling-off period for borrowers.

D All of the above.

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