RBI & Banking MCQs - July 2026 Current Affairs

61.

In the October 2026 Monetary Policy Statement, the RBI's Monetary Policy Committee (MPC) voted to maintain the stance of 'withdrawal of accommodation'. What does this stance primarily imply?

A A commitment to increasing liquidity in the economy.

B A focus on reducing interest rates to stimulate growth.

C A cautious approach aimed at gradually reducing inflation without hindering growth.

D An intention to immediately cut the repo rate.

62.

Which of the following is a primary objective of the Reserve Bank of India's monetary policy, as reiterated in the October 2026 review?

A Maximizing export growth

B Ensuring financial stability and controlling inflation

C Reducing unemployment rate below 3%

D Promoting rapid industrialization

63.

As per the latest Monetary Policy Statement released in October 2026, what is the current repo rate set by the Reserve Bank of India (RBI)?

A 6.00%

B 6.25%

C 6.50%

D 6.75%

64.

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%

65.

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

66.

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

67.

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

68.

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).

69.

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.

70.

To further financial inclusion via digital means in 2026, the RBI has been promoting the use of which type of banking outlets that leverage technology for service delivery?

A Full-service brick-and-mortar branches.

B Mobile banking vans with limited services.

C Business Correspondent (BC) outlets and digital kiosks.

D Automated Teller Machines (ATMs) only.

Banking & Finance MCQs