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MCQs 2026

231.
The underlying principle of India's DPI ecosystem, as described in the passage, includes which of the following characteristics?
A Closed and proprietary
B Centralized and government-controlled only
C Open, interoperable, and consent-based
D Exclusive to large corporations
232.
Which of the following is NOT a direct impact or significance of the continued evolution of India's DPI and fintech ecosystem?
A Deepening financial inclusion
B Reducing barriers to entry for new businesses
C Increasing reliance on physical cash
D Empowering MSMEs with access to broader markets and credit
233.
What is the primary function of the Account Aggregator (AA) framework?
A To facilitate direct government benefit transfers
B To enable seamless and secure sharing of financial data with user consent
C To regulate cryptocurrency transactions
D To provide instant loans to MSMEs without collateral
234.
As of April 2026, the Open Network for Digital Commerce (ONDC) has expanded its reach to integrate which of the following sectors?
A Only retail e-commerce
B Retail, mobility, and logistics only
C Retail, mobility, logistics, and agriculture
D Only government procurement
235.
Which of the following are considered foundational digital platforms within India's Digital Public Infrastructure (DPI)? 1. Aadhaar 2. Unified Payments Interface (UPI) 3. Jan Dhan Yojana 4. National Stock Exchange (NSE)
A 1, 2 and 3 only
B 1, 2 and 4 only
C 1, 3 and 4 only
D 1, 2, 3 and 4
236.
A stable interest rate environment, as maintained by the RBI, primarily provides predictability for which of the following?
A Government expenditure
B Foreign exchange rates
C Business investment decisions
D Agricultural output
237.
What is the target band for inflation that the RBI aims to maintain?
A 2% +/- 1%
B 4% +/- 2%
C 6% +/- 2%
D 5% +/- 1%
238.
Which of the following are mentioned as potential upside risks to inflation that the MPC remains wary of?
A 1. Unpredictable weather patterns affecting food prices 2. Global energy price fluctuations 3. Impact of fiscal policies 4. Strong domestic demand
B 1, 2 and 3 only
C 1, 3 and 4 only
D 2, 3 and 4 only
239.
As of April 2026, what is the likely stance of the RBI's Monetary Policy Committee (MPC)?
A Aggressive rate hikes to curb inflation
B Significant rate cuts to stimulate growth
C Maintaining a cautious 'withdrawal of accommodation' stance with stable policy rates
D Focusing solely on boosting liquidity in the banking system
240.
What was the primary objective of the RBI's aggressive interest rate hikes starting in 2022?
A To boost export competitiveness
B To combat surging inflation
C To encourage foreign direct investment
D To stimulate domestic consumption