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

1.

Under the new digital lending guidelines effective October 2026, all loan disbursals and repayments must be facilitated through which mechanism?

A Direct cash transactions between borrower and lender

B A bank account maintained by the digital lending platform

C A bank account maintained by the regulated entity (RE) or its outsourced agent

D Third-party payment gateways not linked to banks

2.

A significant aspect of the October 2026 guidelines for digital lending platforms is the prohibition of certain charges. Which of the following is explicitly prohibited?

A Interest on the principal loan amount

B Late payment charges, if clearly disclosed

C Prepayment penalties

D Upfront margin calls or margin requirements

3.

As per the new guidelines for digital lending platforms effective from October 2026, which entity is primarily responsible for ensuring compliance with the regulations?

A The Reserve Bank of India (RBI) only

B The digital lending platform itself

C The borrower

D The Ministry of Finance

4.

Which of the following is a key objective stated by the RBI in its October 2026 monetary policy review, alongside maintaining price stability?

A Maximizing export growth

B Ensuring financial sector stability

C Reducing unemployment to below 3%

D Promoting rapid industrialization

5.

In the October 2026 Monetary Policy Statement, the RBI projected the GDP growth rate for the fiscal year 2026-27. What is this projected growth rate?

A 6.8%

B 7.0%

C 7.2%

D 7.5%

6.

As per the RBI's Bi-Monthly Monetary Policy Review in October 2026, what is the current repo rate set by the Monetary Policy Committee (MPC)?

A 6.00%

B 6.25%

C 6.50%

D 6.75%

Banking & Finance MCQs - 2026-10-01