Current Affairs & MCQs
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MCQs 2026

161.
The pilot phases of eRupee have been successful, leading to the current focus on:
A Discontinuing the project.
B Expanding its reach and functionality.
C Increasing its complexity.
D Limiting its availability.
162.
The development of specific use cases for wholesale eRupee is intended to improve efficiency in:
A Retail consumer markets.
B Financial markets.
C Agricultural markets.
D Real estate markets.
163.
The integration of eRupee with UPI allows users to:
A Only make payments using eRupee.
B Make payments using either eRupee or UPI seamlessly.
C Only make payments using UPI.
D Convert eRupee to physical cash instantly.
164.
What is the overall aim of the RBI's ongoing efforts with eRupee?
A To replace all existing payment systems.
B To foster innovation, promote financial inclusion, and modernize payment infrastructure.
C To increase the circulation of physical cash.
D To limit access to digital financial services.
165.
What are some of the explored use cases for wholesale eRupee?
A Retail payments and online shopping.
B Interbank settlements and tokenized debt instruments.
C Peer-to-peer lending.
D Cryptocurrency trading.
166.
With whom is the RBI collaborating to explore the feasibility of eRupee for cross-border remittances?
A Commercial banks only.
B International central banks.
C Fintech startups.
D Technology companies.
167.
What is a potential benefit of using eRupee for cross-border transactions?
A Increased transaction costs.
B Longer settlement times.
C Reduced transaction costs and settlement times.
D Greater reliance on intermediaries.
168.
What significant integration has been achieved for eRupee recently?
A Integration with traditional banking systems only.
B Integration with the UPI network.
C Integration with international stock exchanges.
D Integration with offline payment methods only.
169.
What are the current focus areas for the RBI regarding eRupee?
A Restricting its use to government transactions.
B Expanding use cases and enhancing interoperability.
C Phasing out the physical currency.
D Increasing transaction fees.
170.
What is the name of India's Central Bank Digital Currency (CBDC)?
A Digital Rupee
B eRupee
C IndiaCoin
D Rupay Digital