MCQs on Banking & Finance Current Affairs (Sept 2026)

1.

Which of the following is a mandatory consumer protection measure introduced by the RBI's Digital Lending Guidelines?

A Automatic increase in credit limit based on repayment history

B Mandatory sharing of borrower data with all third-party marketing agencies

C Provision for a 'cooling-off' or 'look-up' period for borrowers

D Charging of exorbitant processing fees without clear disclosure

2.

A key principle of the RBI's Digital Lending Guidelines states that all loan disbursals and repayments must be executed directly between which two entities?

A Borrower and Lending Service Provider (LSP)

B Borrower and Regulated Entity (RE)

C Lending Service Provider (LSP) and Regulated Entity (RE)

D Borrower and Payment Gateway

3.

Which regulatory body in India issued the comprehensive 'Guidelines on Digital Lending' to regulate the digital lending ecosystem?

A Ministry of Finance

B Securities and Exchange Board of India (SEBI)

C Reserve Bank of India (RBI)

D Insurance Regulatory and Development Authority of India (IRDAI)

4.

Which of the following is considered the primary policy rate announced by the RBI's Monetary Policy Committee?

A Cash Reserve Ratio (CRR)

B Statutory Liquidity Ratio (SLR)

C Repo Rate

D Bank Rate

5.

What is the primary objective of the Monetary Policy Committee (MPC) of the RBI, as mandated by the government?

A To achieve financial stability

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

C To manage the exchange rate of the Indian Rupee

D To promote employment generation

6.

As of 2026, how many members constitute the Monetary Policy Committee (MPC) of the Reserve Bank of India?

A 4

B 5

C 6

D 7

Banking & Finance MCQs - 2026-09-28