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Current Affairs MCQs 2026-04-04

41.

The implementation of Project Vahan aligns with which broader government initiative?

A Make in India

B Digital India

C Skill India

D Startup India

42.

How does Project Vahan benefit lenders in the vehicle loan sector?

A It increases their operational costs.

B It reduces the risk of loan defaults due to fraud and improves asset quality.

C It limits their ability to offer new loans.

D It mandates manual processing of all loan applications.

43.

What key information can lenders verify in real-time through Project Vahan?

A Borrower's credit score only.

B Vehicle registration details, ownership, and hypothecation status.

C Insurance policy validity only.

D Manufacturer's warranty status.

44.

Project Vahan integrates with which national platform for real-time verification of vehicle details?

A Aadhaar

B PAN

C VAHAN

D DigiLocker

45.

What is the primary objective of RBI's 'Project Vahan'?

A To increase the interest rates on vehicle loans.

B To streamline and secure the vehicle loan ecosystem by enhancing transparency and preventing fraud.

C To promote the use of electric vehicles only.

D To reduce the number of vehicle loan applications.

46.

The development of the e-Rupee positions India as a leader in which area of financial technology?

A Traditional banking systems.

B Central Bank Digital Currencies (CBDCs).

C Stock market trading platforms.

D Insurance product development.

47.

What potential benefit does the 'programmability' feature of the e-Rupee offer?

A Allowing unlimited money printing.

B Enabling conditional payments for welfare schemes and subsidies.

C Facilitating anonymous transactions.

D Reducing the need for internet connectivity.

48.

The RBI is exploring interoperability between the e-Rupee and which popular existing payment system?

A NEFT

B RTGS

C IMPS

D UPI

49.

Which of the following is a new use case being tested in the expanded pilot phase of the e-Rupee?

A Issuance of physical currency.

B Cross-border payments and remittances.

C Trading of cryptocurrencies.

D Offline cash withdrawals from ATMs.

50.

What is the official name of India's Central Bank Digital Currency (CBDC) being piloted by the RBI?

A Digital Rupee

B e-Rupee

C Bharat Coin

D Digital India Currency