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MCQs - 2026-05

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831.
The Digital Rupee (eβ‚Ή) being piloted by the Reserve Bank of India (RBI) is officially categorized as which of the following?
A A private cryptocurrency
B A Central Bank Digital Currency (CBDC)
C A stablecoin backed by gold
D A decentralized blockchain token
832.
Which of the following bodies is primarily responsible for deciding the benchmark interest rate (repo rate) in India's monetary policy framework?
A Ministry of Finance
B NITI Aayog
C Monetary Policy Committee (MPC)
D Indian Banks' Association (IBA)
833.
If the RBI maintains the repo rate at 6.50% in May 2026, what would be the most likely immediate impact on the interest rates for new loans offered by commercial banks?
A They would significantly increase due to market uncertainty.
B They would likely remain stable or see minor adjustments.
C They would decrease substantially to boost credit growth.
D They would become highly volatile, fluctuating daily.
834.
In its May 2026 Monetary Policy Review, if the Reserve Bank of India (RBI) maintains the repo rate, what does this stance primarily indicate regarding the current economic conditions?
A A need for significant economic stimulus
B A stable and balanced economic outlook
C Concerns about high inflation requiring tightening
D A move towards a contractionary monetary policy
835.
Which of the following is a key focus area for PMAY (Urban) 2.0, in addition to providing new houses?
A Demolishing existing old housing stock.
B Promoting sustainable and green building practices.
C Developing luxury apartments for the affluent.
D Focusing solely on slum redevelopment.
836.
PMAY (Urban) 2.0 has set new targets. What is the revised target year for achieving 'Housing for All' in urban areas?
A 2025
B 2027
C 2030
D 2035
837.
What is the overarching goal of the Pradhan Mantri Awas Yojana (Urban) - PMAY (U)?
A To provide affordable housing for all urban poor by 2022.
B To construct commercial real estate in urban areas.
C To develop smart cities with advanced technological infrastructure.
D To promote tourism in urban centers.
838.
Which of the following is NOT a likely component of the services offered by District-Level Shakti Hubs?
A Legal aid and counseling.
B Health and nutrition services.
C Vocational training and skill development.
D Issuance of driving licenses.
839.
The launch of 'District-Level Shakti Hubs' under Mission Shakti 2.0 is intended to:
A Serve as one-stop centers for women facing domestic violence.
B Provide a platform for women entrepreneurs to showcase their products.
C Facilitate access to various government schemes and services for women at the district level.
D Organize cultural events and festivals for women.
840.
What is the primary goal of Mission Shakti 2.0?
A To promote traditional Indian martial arts.
B To empower women and girls through a multi-dimensional approach, ensuring their safety, security, and holistic development.
C To provide financial aid for starting small businesses.
D To increase female participation in sports.