RBI Digital Lending & Economic Outlook 2026 MCQs

1.

The Indian government's continued focus on 'Make in India' and Production Linked Incentive (PLI) schemes is expected to primarily boost which of the following sectors by 2026?

A Agriculture and allied services.

B Manufacturing and exports.

C Financial services and banking.

D Tourism and hospitality.

2.

Despite global headwinds, India's economy has shown resilience. Which of the following global factors is most likely to pose a significant challenge to India's economic stability in 2026?

A Stable international crude oil prices.

B Sustained global economic growth.

C Geopolitical tensions leading to supply chain disruptions and commodity price volatility.

D Increased global trade liberalization.

3.

Which of the following factors is considered a primary driver contributing to India's positive economic outlook amidst global uncertainties in 2026?

A Significant increase in crude oil prices.

B Robust domestic demand and government-led capital expenditure.

C Decline in foreign direct investment (FDI) inflows.

D Contraction in the services sector.

4.

Which of the following statements is TRUE regarding the RBI's guidelines on digital lending platforms as of 2026, particularly concerning data privacy and First Loss Default Guarantee (FLDG)?

A Lending Service Providers (LSPs) are permitted to store all personal data of borrowers for marketing purposes.

B Regulated Entities (REs) are solely responsible for grievance redressal, and LSPs have no role.

C First Loss Default Guarantee (FLDG) arrangements are completely prohibited under all circumstances.

D REs must ensure LSPs do not store personal data of borrowers except for minimal data, and FLDG arrangements are allowed under specific conditions.

5.

According to RBI's digital lending guidelines, who is primarily responsible for paying fees and charges to Lending Service Providers (LSPs), and what mandatory document must be provided to the borrower before loan execution?

A Borrower; Loan Agreement Summary

B Regulated Entity (RE); Key Fact Statement (KFS)

C Lending Service Provider (LSP); Terms and Conditions Document

D Borrower; Detailed Fee Schedule

6.

Which of the following is a key mandate under the RBI's guidelines for digital lending platforms concerning loan disbursal and repayment, effective as of 2026?

A Loans must be disbursed directly into the borrower's bank account by the Regulated Entity (RE) and repayments directly to the RE.

B Lending Service Providers (LSPs) can use their pool accounts for disbursal and collection.

C Borrowers can choose to repay through any third-party payment gateway without RE's direct involvement.

D REs can mandate borrowers to use specific digital wallets for all transactions.

Economy & Business MCQs - 2026-10-29