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      Question

      What is the purpose of the Unified Lending Interface

      (ULI) platform developed by RBI?
      A To facilitate payments using digital wallets Correct Answer Incorrect Answer
      B To enhance lending efficiency by addressing data silos Correct Answer Incorrect Answer
      C To monitor cryptocurrency transactions Correct Answer Incorrect Answer
      D To regulate non-performing assets in microfinance Correct Answer Incorrect Answer
      E To track CSR spending by companies Correct Answer Incorrect Answer

      Solution

      The ULI platform integrates financial and non-financial data to streamline credit delivery and make lending more efficient.

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