MCQs - 2026-04

The passage mentions that CBDC pilot projects are 'potentially transforming payment systems and reducing reliance on physical cash', implying a *reduction*, not an *increase*, in reliance on physical cash.

The passage states that the AA framework facilitates 'seamless and secure sharing of financial data with user consent'.

The passage states that ONDC has expanded its reach 'beyond retail, integrating sectors like mobility, logistics, and agriculture'.

The passage explicitly mentions Aadhaar, UPI, and Jan Dhan Yojana as foundational digital platforms. NSE is a stock exchange, not a DPI component in this context.

The 'Impact/Significance' section states, 'Stable interest rates provide predictability for businesses, influencing investment decisions and credit growth'.

The passage states that the MPC aims to ensure inflation remains 'within the target band of 4% +/- 2%'.

The passage mentions 'unpredictable weather patterns affecting food prices, global energy price fluctuations, and the impact of fiscal policies' as potential upside risks. Strong domestic demand was a driver of inflation in the past, but not explicitly listed as a *future* upside risk in the current context.

The passage states, 'As of April 2026, the RBI's Monetary Policy Committee (MPC) is maintaining a cautious 'withdrawal of accommodation' stance, even after a period of holding or potentially modest rate cuts in late 2025. The policy repo rate is likely to be stable'.

The passage states that the RBI embarked on aggressive interest rate hikes 'to combat the surge in inflation'.

The passage states that the manufacturing sector is benefiting from the Production Linked Incentive (PLI) schemes, which are designed to boost domestic manufacturing and exports.