Current Affairs & MCQs
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MCQs 2026

21.
Who is the issuing authority for the Digital Rupee in India?
A National Payments Corporation of India (NPCI)
B Ministry of Finance
C Reserve Bank of India (RBI)
D Securities and Exchange Board of India (SEBI)
22.
Which of the following is a benefit of the offline CBDC functionality?
A It eliminates the need for a bank account
B It allows transactions without active internet connectivity
C It provides higher interest than savings accounts
D It can only be used for international transfers
23.
When did the RBI first launch the pilot for the retail Digital Rupee (e₹-R)?
A December 2020
B April 2022
C December 2022
D January 2024
24.
What is the primary objective of introducing 'programmability' in the Digital Rupee?
A To increase the interest rate on digital deposits
B To ensure the currency is used only for specific intended purposes
C To limit the total supply of digital currency
D To make the currency compatible with international credit cards
25.
With reference to the Digital Rupee (e₹) announced in April 2026, consider the following statements: 1. It now supports offline transactions to facilitate payments in low-connectivity areas. 2. Programmability features allow the currency to be used for specific, predefined purposes. Which of the statements given above is/are correct?
A 1 only
B 2 only
C Both 1 and 2
D Neither 1 nor 2
26.
What is a key impact of the e-KYC mandate on the PM-KISAN scheme?
A It reduces the total budget allocated to the scheme.
B It enhances transparency and reduces leakages in fund distribution.
C It makes the scheme applicable only to large farmers.
D It requires beneficiaries to provide land ownership documents annually.
27.
How can a PM-KISAN beneficiary typically complete their e-KYC?
A Only through online portals.
B Only by visiting a bank branch.
C Through Aadhaar-based authentication, online or at Common Service Centres (CSCs).
D By submitting a physical application form to the district collector.
28.
Which government ministry is primarily responsible for overseeing the PM-KISAN scheme and its e-KYC process?
A Ministry of Finance
B Ministry of Rural Development
C Ministry of Agriculture & Farmers Welfare
D Ministry of Home Affairs
29.
Why is e-KYC considered important for the PM-KISAN scheme?
A To increase the number of beneficiaries.
B To ensure accurate fund disbursement and prevent fraud.
C To collect data for agricultural research.
D To facilitate loan applications for farmers.
30.
What does 'e-KYC' stand for in the context of the PM-KISAN scheme?
A Electronic Knowledge Update
B Electronic Know Your Customer
C Essential Kisan Verification
D Enhanced Kisan Utility