Banking and Finance MCQs for UPSC and Banking Exams

1.

The new digital lending guidelines, effective from 2026, are issued by which regulatory body in India?

A Securities and Exchange Board of India (SEBI)

B Reserve Bank of India (RBI)

C Insurance Regulatory and Development Authority of India (IRDAI)

D Ministry of Finance

2.

Which of the following is a key provision likely included in the new digital lending guidelines to strengthen consumer protection?

A Mandatory upfront disclosure of all fees and charges

B Allowing lenders to increase interest rates mid-loan

C Reducing the number of loan applications

D Limiting the use of digital payment methods

3.

The new digital lending guidelines, implemented in 2026, primarily aim to enhance protection for which group?

A Lending Institutions

B Borrowers/Consumers

C Technology Providers

D Credit Rating Agencies

4.

Maintaining the repo rate at 6.5% in October 2026 is primarily aimed at achieving which of the following objectives?

A Stimulating rapid economic growth

B Controlling inflation and supporting growth

C Reducing unemployment significantly

D Increasing bank profitability

5.

Which body within the Reserve Bank of India is responsible for deciding the monetary policy, including the repo rate?

A Board of Directors

B Executive Committee

C Monetary Policy Committee (MPC)

D Financial Stability Board

6.

As per the October 2026 review, what is the current Repo Rate maintained by the Reserve Bank of India (RBI)?

A 6.25%

B 6.50%

C 6.75%

D 7.00%

Banking & Finance MCQs - 2026-10-16