MCQs on Banking & Finance Current Affairs

1.

A common concern addressed by new digital lending guidelines often includes which of the following practices?

A Transparent disclosure of interest rates and fees.

B Ethical data privacy and security measures.

C Fair recovery practices and grievance redressal mechanisms.

D All of the above.

2.

Which of the following entities is primarily responsible for regulating Non-Banking Financial Companies (NBFCs) in India, including their adherence to digital lending guidelines?

A Securities and Exchange Board of India (SEBI)

B Insurance Regulatory and Development Authority of India (IRDAI)

C Reserve Bank of India (RBI)

D Ministry of Finance

3.

The Government's new digital lending guidelines for NBFCs are primarily aimed at achieving which of the following?

A Promoting unregulated growth of digital lenders.

B Enhancing consumer protection and ensuring fair practices.

C Reducing the overall number of NBFCs in the market.

D Shifting all lending operations to a fully digital platform without human intervention.

4.

How often does the RBI's Monetary Policy Committee (MPC) typically meet to review the monetary policy?

A Annually

B Quarterly

C Bi-monthly

D Monthly

5.

Which of the following is NOT a direct instrument of monetary policy typically reviewed by the RBI's MPC?

A Repo Rate

B Reverse Repo Rate

C Cash Reserve Ratio (CRR)

D Fiscal Deficit Target

6.

Regarding the RBI's Bi-Monthly Monetary Policy Review, what is the primary mandate of the Monetary Policy Committee (MPC)?

A To maintain price stability while keeping in mind the objective of growth.

B To maximize government revenue.

C To regulate foreign exchange markets exclusively.

D To manage public debt.

Banking & Finance MCQs - 2026-09-01