National Affairs MCQs

81.

The overarching goal of these new RBI norms is to:

A Restrict all forms of digital lending.

B Foster a responsible and ethical digital lending ecosystem.

C Increase the risk for financial institutions.

D Encourage unregulated lending activities.

82.

In addition to operational metrics, what else are digital lending platforms now required to report to the RBI?

A Employee personal information.

B Competitor analysis reports.

C Significant financial metrics.

D Marketing campaign performance.

83.

What is now a requirement for digital lending platforms regarding customer grievances?

A To ignore customer complaints.

B To have a robust grievance redressal mechanism.

C To outsource grievance redressal to untrusted entities.

D To delay responses to complaints.

84.

What practice are the stricter rules regarding loan recovery aimed at curbing?

A Ethical and transparent collection methods.

B Aggressive or unethical collection methods.

C Offering flexible repayment options.

D Providing post-loan support.

85.

Which of the following is a new stipulation for loan service providers (LSPs) under the revised norms?

A Onboarding borrowers without KYC verification.

B Obtaining necessary regulatory approvals and verifying KYC details.

C Sharing borrower data freely with unauthorized entities.

D Charging hidden fees without disclosure.

86.

What is the 'Key Fact Statement' (KFS) intended to do?

A To confuse borrowers about loan terms.

B To provide borrowers with details of loan eligibility.

C To detail all terms and conditions of a loan before disbursement.

D To outline the marketing strategy of the lender.

87.

What is required before digital lenders can share borrower data with third parties?

A Implicit consent from the borrower.

B Notification to regulatory bodies only.

C Explicit consent from the borrower.

D Sharing data without any consent.

88.

According to the new guidelines, what must digital lending platforms do regarding loan pricing?

A Keep loan pricing opaque to avoid competition.

B Disclose all charges, fees, and interest rates upfront.

C Increase interest rates without prior notice.

D Hide additional charges until loan repayment.

89.

What is the primary reason cited for the RBI's stricter norms on digital lending platforms?

A To encourage aggressive lending practices.

B To reduce the availability of loans.

C To safeguard borrowers and ensure fair lending practices.

D To promote unchecked data sharing.

90.

What regulatory body announced stricter norms for digital lending platforms on March 27, 2026?

A Securities and Exchange Board of India (SEBI)

B Ministry of Finance

C Reserve Bank of India (RBI)

D National Payments Corporation of India (NPCI)

National Current Affairs MCQs - 2026-03-30