MCQs on Banking & Finance: RBI Policy, Digital Lending (Sept 2026)

1.

Which entity is the primary regulator for Digital Lending Apps (DLAs) operating in India?

A Securities and Exchange Board of India (SEBI)

B Reserve Bank of India (RBI)

C Telecom Regulatory Authority of India (TRAI)

D Ministry of Electronics and Information Technology (MeitY)

2.

What is the 'Key Fact Statement' (KFS) in the context of digital lending?

A A document detailing the marketing strategy of the lender

B A standardized document disclosing all-inclusive cost of digital loans

C A list of defaulters published by the RBI

D A government tax certificate for digital transactions

3.

Under the RBI's digital lending guidelines, who is responsible for the direct repayment of loans by borrowers?

A Digital Lending Apps (DLAs)

B Third-party payment aggregators

C Regulated Entities (REs) like Banks or NBFCs

D The Ministry of Finance

4.

Which instrument is used by the RBI to absorb liquidity from the banking system?

A Marginal Standing Facility (MSF)

B Reverse Repo Rate

C Bank Rate

D Cash Reserve Ratio (CRR)

5.

What is the primary objective of the RBI's monetary policy framework in India?

A Maintaining price stability while keeping in mind the objective of growth

B Maximizing the profit of commercial banks

C Regulating the stock market indices

D Directly funding government infrastructure projects

6.

As of early 2026, which committee is responsible for determining the Policy Repo Rate in India?

A Financial Stability and Development Council

B Monetary Policy Committee (MPC)

C Economic Advisory Council

D Public Debt Management Cell

Banking & Finance MCQs - 2026-09-18