Banking & Finance MCQs

The RBI Innovation Hub aims to foster innovation in the financial sector and promote financial inclusion through technology.

The e-Rupee (CBDC) is a digital form of currency notes issued by the RBI, based on Distributed Ledger Technology (DLT).

UPI Circle allows a primary user to delegate payment authority to secondary users (like family members) within set limits.

The Governor of the Reserve Bank of India serves as the ex-officio Chairperson of the Monetary Policy Committee.

The 'Withdrawal of Accommodation' stance is aimed at ensuring inflation progressively aligns with the target, while supporting growth.

The RBI has maintained the Repo Rate at 6.50% to ensure inflation aligns with the target while supporting growth.

The Reserve Bank of India (RBI) is the primary regulator for banking and non-banking financial companies involved in lending activities, including digital lending.

Transparency is a cornerstone of consumer protection. Mandating upfront disclosure of all costs ensures borrowers are fully aware of their financial obligations.

The core objective of the new digital lending guidelines is to safeguard borrowers from unfair practices and ensure transparency and fairness in digital lending operations.

The RBI's monetary policy aims to balance inflation control with economic growth. Keeping the repo rate stable at 6.5% in October 2026 suggests a focus on achieving this balance.