MCQs on RBI Digital Lending & India's Economic Growth 2026

1.

Which international financial institution often provides forecasts and analyses on India's economic growth prospects, contributing to the understanding of its performance in years like 2026?

A World Trade Organization (WTO)

B International Monetary Fund (IMF)

C North Atlantic Treaty Organization (NATO)

D Organization of the Petroleum Exporting Countries (OPEC)

2.

What is a key demographic advantage that is expected to support India's economic growth trajectory in the medium term, including towards 2026?

A A rapidly aging population.

B A large and young working-age population.

C Declining literacy rates.

D High rates of outward migration of skilled labor.

3.

Which of the following factors is widely considered a significant contributor to India's projected strong economic growth towards 2026?

A Declining domestic consumption and investment.

B Robust public capital expenditure and private sector investment.

C Over-reliance on agricultural exports.

D Stagnation in the manufacturing sector.

4.

According to the RBI's digital lending guidelines, what is the significance of the 'cooling-off period' or 'look-up period' for borrowers?

A It allows borrowers to apply for another loan immediately after repayment.

B It provides borrowers with an option to exit the loan by paying the principal and proportionate annual percentage rate (APR) without penalty.

C It is a mandatory waiting period before the loan amount is disbursed.

D It refers to the time taken for the loan application to be processed.

5.

The primary objective behind the Reserve Bank of India (RBI) tightening digital lending norms is to address which of the following concerns?

A To increase the overall volume of digital lending in the economy.

B To promote foreign investment in the digital lending sector.

C To mitigate concerns related to unethical lending practices, data privacy, and exorbitant interest rates.

D To reduce the operational costs for digital lending platforms.

6.

Which of the following is a key measure introduced by the RBI in its tightened digital lending norms to protect borrowers?

A Direct disbursement of loans from the Regulated Entity's bank account to the borrower's bank account.

B Mandatory physical verification of all digital loan applicants.

C Prohibition of all third-party involvement in loan recovery.

D Capping interest rates at 10% for all digital loans.

Economy & Business MCQs - 2026-05-18