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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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