Current Affairs & MCQs
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MCQs 2026

11.
The expansion of the retail CBDC pilot aims to assess all of the following EXCEPT:
A Technological robustness.
B Privacy aspects.
C Profitability of private cryptocurrency exchanges.
D Overall impact on the Indian financial ecosystem.
12.
What is a potential benefit of integrating CBDC with government welfare schemes?
A Increased reliance on intermediaries.
B Enhanced efficiency and transparency of direct benefit transfers.
C Reduced accessibility for beneficiaries.
D Higher processing fees for the government.
13.
Which of the following is a new use case being explored in the expanded retail CBDC pilot?
A Only person-to-person (P2P) transactions.
B Cross-border CBDC payments and integration with welfare schemes.
C Trading of digital assets on decentralized exchanges.
D Issuance of private digital tokens.
14.
On April 3, 2026, the RBI announced the expansion of its pilot for which segment of the Central Bank Digital Currency (CBDC)?
A Wholesale segment only.
B Retail segment.
C Both wholesale and retail segments.
D Cross-border transactions only.
15.
What is a Central Bank Digital Currency (CBDC)?
A A cryptocurrency issued by private entities.
B A digital form of a country's fiat currency that is a central bank liability.
C A digital token representing ownership in a company.
D A decentralized ledger technology for financial transactions.
16.
What is a significant positive implication of India's robust digital payments ecosystem?
A Increased reliance on cash transactions.
B Reduced financial inclusion.
C Enhanced financial inclusion and a more transparent economy.
D Higher transaction costs for businesses.
17.
The surge in digital payments in India is attributed to all of the following EXCEPT:
A Increased financial literacy.
B Wider merchant acceptance.
C Decreased smartphone penetration.
D Continuous innovation in payment solutions.
18.
Which payment system accounted for the majority of digital transactions in India during fiscal year 2025-26?
A Credit and Debit Cards.
B Mobile Wallets.
C Net Banking.
D Unified Payments Interface (UPI).
19.
What was the approximate number of transactions processed by India's digital payments infrastructure in fiscal year 2025-26?
A Over 100 billion.
B Over 150 billion.
C Over 200 billion.
D Over 50 billion.
20.
Which organization announced that India's digital payments infrastructure processed a record number of transactions in fiscal year 2025-26?
A Reserve Bank of India (RBI).
B Ministry of Finance.
C National Payments Corporation of India (NPCI).
D Indian Banks' Association (IBA).