Banking & Finance MCQs - 2026-08-20

The guidelines mandate that all loan disbursals and repayments for digital loans offered by NBFCs must be routed through the NBFC's own bank account or a designated bank account to ensure proper tracking and transparency.

The new guidelines aim to enhance transparency in digital lending operations and strengthen consumer protection measures for borrowers dealing with NBFCs.

The Reserve Bank of India's new digital lending guidelines for NBFCs were mandated to be effective from August 2026.

The RBI uses the repo rate as a tool to manage inflation by influencing liquidity in the banking system. Maintaining it at a suitable level aims to achieve price stability while supporting economic growth.

The Monetary Policy Committee (MPC) is responsible for setting the policy repo rate, which is a key tool for managing inflation and economic growth in India.

In its August 2026 policy review, the Reserve Bank of India's Monetary Policy Committee decided to keep the policy repo rate unchanged at 6.5%.