Banking and Finance MCQs for Competitive Exams

1.

Which of the following is a prohibited practice under the RBI's new digital lending guidelines for enhanced consumer protection (2026)?

A Providing loan agreements in a clear and understandable format.

B Disclosing all charges and fees upfront to the borrower.

C Charging pre-payment penalties without prior explicit consent.

D Allowing borrowers to access their loan statements easily.

2.

Under the new digital lending guidelines (2026), what is a key requirement for entities engaged in digital lending?

A They must be listed on a stock exchange.

B They must obtain a specific license or authorization from the RBI.

C They must only lend to businesses, not individuals.

D They are exempt from data privacy regulations.

3.

The new digital lending guidelines issued by the RBI in 2026 primarily aim to enhance consumer protection by addressing which of the following concerns?

A Increasing the number of digital lending apps

B Ensuring transparency and fairness in digital lending operations

C Reducing the interest rates charged by all lenders

D Promoting unregulated lending practices

4.

Maintaining the Repo Rate at 6.5% in October 2026 is generally indicative of the RBI's stance on which of the following?

A Aggressive monetary tightening

B Accommodative monetary policy

C Neutral monetary policy or cautious approach

D Rapid reduction in inflation targets

5.

The decision to maintain the Repo Rate at 6.5% in October 2026 was taken by which body of the Reserve Bank of India?

A Board of Directors

B Executive Committee

C Monetary Policy Committee (MPC)

D Financial Stability Board

6.

As per the October 2026 Monetary Policy Committee (MPC) 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 - 2026-10-22