MCQs on Entertainment Current Affairs

1331.

As of 2026, which of the following banks are typically classified as D-SIBs in India?

A SBI, ICICI Bank, and HDFC Bank

B Punjab National Bank and Bank of Baroda only

C All Regional Rural Banks

D Only Foreign Banks operating in India

1332.

Which international body sets the Basel III standards followed by the RBI?

A International Monetary Fund (IMF)

B World Bank

C Basel Committee on Banking Supervision (BCBS)

D World Trade Organization (WTO)

1333.

The term 'D-SIB' in Indian banking refers to banks that are:

A Exclusively owned by the Government of India

B Considered 'Too Big to Fail' due to their size and systemic importance

C Only allowed to operate in the digital sector

D Specialized in agricultural lending only

1334.

Which type of capital buffer did the RBI specifically increase for D-SIBs in the April 2026 update?

A Statutory Liquidity Ratio (SLR)

B Common Equity Tier 1 (CET1)

C Cash Reserve Ratio (CRR)

D Fixed Deposit Reserve

1335.

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)

1336.

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

1337.

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

1338.

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

1339.

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

1340.

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.

MCQs - 2026-04