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      Question

      The RBI's initiative to enhance digital lending

      transparency is primarily aimed at:
      A Reducing the number of digital lenders in the market Correct Answer Incorrect Answer
      B Encouraging higher interest rates and fees Correct Answer Incorrect Answer
      C Ensuring borrowers are well-informed about their loan options Correct Answer Incorrect Answer
      D Discouraging technological innovation in financial services Correct Answer Incorrect Answer
      E Increasing the market share of traditional banks. Correct Answer Incorrect Answer

      Solution

      The guidelines aim to provide borrowers with essential information upfront, promoting transparency and informed decision-making in the digital lending ecosystem.

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