Economy and Business MCQs: July 2026 Current Affairs Practice

141.

In 2026, the RBI mandated enhanced data security measures for digital lending platforms. What is the primary concern addressed by these mandates?

A Ensuring that all data is stored on physical servers within India.

B Protecting sensitive customer data from unauthorized access, breaches, and misuse.

C Limiting the amount of data that can be collected from borrowers.

D Mandating the use of blockchain technology for all data storage.

142.

A significant aspect of the 2026 RBI digital lending framework is the prohibition of certain practices. Which of the following is explicitly prohibited for digital lending entities?

A Disclosing loan terms and conditions clearly to the borrower.

B Allowing borrowers to pre-pay loans without penalty.

C Charging upfront fees or margin deductions from the loan amount, except for specific permitted charges.

D Providing a cooling-off period for loan agreements.

143.

As per the 2026 RBI guidelines on digital lending, which entity is primarily responsible for ensuring that the digital lending app/platform complies with all applicable laws and regulations?

A The borrower.

B The digital lending entity (lender).

C The third-party technology service provider.

D The local municipal corporation.

144.

In 2026, the Reserve Bank of India (RBI) announced enhanced guidelines for digital lending. Which of the following is a key objective of these new guidelines?

A To restrict all forms of digital lending to only scheduled commercial banks.

B To ensure greater transparency, fairness, and consumer protection in digital lending.

C To mandate a fixed interest rate cap for all digital loans.

D To encourage unregulated peer-to-peer lending platforms.

145.

The 'National Export Growth Initiative' is expected to focus on which of the following aspects to achieve its goal of boosting global trade?

A Reducing the number of export-oriented Special Economic Zones (SEZs)

B Simplifying export procedures and improving logistics

C Increasing import duties on raw materials

D Discouraging participation in international trade fairs

146.

Which government ministry is typically at the forefront of implementing initiatives like the 'National Export Growth Initiative' in India?

A Ministry of Finance

B Ministry of Commerce and Industry

C Ministry of External Affairs

D Ministry of Home Affairs

147.

What is the primary objective of the 'National Export Growth Initiative' launched by India in 2026 to enhance its global trade presence?

A To reduce import tariffs on essential goods

B To promote and facilitate the growth of Indian exports

C To restrict foreign investment in manufacturing

D To increase domestic consumption of local products

148.

The Monetary Policy Committee (MPC) is a committee constituted by the Reserve Bank of India (RBI) under which Act, responsible for setting the benchmark interest rate (Repo Rate)?

A The Banking Regulation Act, 1949

B The Reserve Bank of India Act, 1934

C The Companies Act, 2013

D The Securities Contracts (Regulation) Act, 1956

149.

Which of the following is a primary objective of the Reserve Bank of India (RBI) when deciding on the Repo Rate, as highlighted in the context of inflation concerns in 2026?

A Maximizing bank profits

B Controlling inflation and ensuring price stability

C Increasing the stock market index

D Reducing the fiscal deficit

150.

As of the latest Monetary Policy Committee (MPC) meeting in 2026, what was the prevailing Repo Rate maintained by the Reserve Bank of India (RBI) to manage inflation?

A 6.00%

B 6.25%

C 6.50%

D 6.75%

Economy & Business MCQs