The new RBI guidelines mandate that digital lending apps must obtain explicit consent from borrowers for accessing what type of data?
A Call logs
B Contact lists
C Device storage
D All of the above, including device resources like camera, microphone, and location
Answer: D
The guidelines state that digital lending apps must obtain explicit consent from borrowers for accessing device resources like camera, microphone, location, and other data, and such access must be need-based.
62.
According to the new RBI guidelines, which entities are permitted to disburse and repay loans in digital lending?
A Only Lending Service Providers (LSPs)
B Only Regulated Entities (REs)
C Both LSPs and REs
D Any third-party payment aggregator
Answer: B
The RBI guidelines mandate that loan disbursement and repayment must be executed only between the borrower and the Regulated Entity (RE) directly, without any pass-through or pooling of funds by the Lending Service Provider (LSP).
63.
What is a primary objective of the new RBI guidelines for digital lending platforms?
A To promote unregulated lending
B To enhance customer protection and transparency
C To increase foreign investment in fintech
D To reduce interest rates across the board
Answer: B
The new RBI guidelines for digital lending platforms primarily aim to enhance customer protection and ensure greater transparency in the digital lending ecosystem.
64.
Which of the following is a key characteristic of green bonds, often verified by third-party assurance?
A High coupon rates compared to conventional bonds.
B The use of proceeds for specific, environmentally beneficial projects.
C Guaranteed principal repayment by the government.
D Short maturity periods.
Answer: B
The defining feature of green bonds is the commitment to allocate the funds raised to eligible green projects. This 'use of proceeds' is crucial and is typically subject to reporting and verification to ensure transparency and credibility.
65.
A surge in corporate green bond issuance indicates:
A Increased investor demand for sustainable investments.
B Corporations are shifting away from environmental responsibility.
C A decrease in the availability of traditional financing options.
D Reduced focus on climate change mitigation by businesses.
Answer: A
The rise in green bond issuance reflects a growing trend where investors are increasingly seeking out investments that align with environmental, social, and governance (ESG) principles, driving corporate action in this area.
66.
What is the primary purpose of a green bond issued by a corporation?
A To finance general corporate activities and working capital.
B To fund projects with positive environmental and/or climate benefits.
C To repay existing corporate debt.
D To invest in stock market ventures.
Answer: B
Green bonds are specifically designed to raise capital for projects that contribute to environmental sustainability, such as renewable energy, energy efficiency, pollution prevention, and clean transportation.
67.
A 'cautious liquidity stance' by the RBI typically implies:
A The RBI is actively injecting large amounts of liquidity into the system.
B The RBI is likely to withdraw liquidity or keep it tight.
C The RBI is focused solely on increasing credit availability.
D The RBI is not concerned about inflation.
Answer: B
A cautious stance suggests the RBI is wary of potential inflationary pressures or financial imbalances. Therefore, it is more likely to manage liquidity by absorbing excess funds or limiting their injection, rather than freely supplying them.
68.
Which of the following tools can the RBI use to manage liquidity in the economy?
A Repo Rate and Reverse Repo Rate
B Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR)
C Open Market Operations (OMOs)
D All of the above
Answer: D
The RBI employs a variety of monetary policy tools, including the Repo Rate, Reverse Repo Rate, CRR, SLR, and OMOs, to influence the amount of liquidity available in the banking system and the broader economy.
69.
What is the primary objective of the RBI's cautious liquidity stance?
A To stimulate economic growth by increasing money supply.
B To control inflation and maintain financial stability.
C To encourage banks to lend more to the private sector.
D To reduce the government's borrowing costs.
Answer: B
A cautious liquidity stance by the RBI aims to prevent excessive money supply, which can fuel inflation. By managing liquidity, the central bank seeks to maintain price stability and overall financial system health.
70.
The PLI scheme for Green Hydrogen is part of a larger national initiative. Which of the following national missions is most closely aligned with the goals of promoting Green Hydrogen?
A National Health Mission
B National Mission for Enhanced Energy Efficiency
C National Solar Mission
D National Mission on Sustainable Agriculture
Answer: C
While the PLI scheme supports green hydrogen, which relies on renewable energy, the National Solar Mission (part of the broader National Action Plan on Climate Change) directly promotes solar energy, a key enabler for green hydrogen production. The National Mission for Enhanced Energy Efficiency also plays a role in reducing energy intensity, indirectly supporting green initiatives.
