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MCQs - 2026-05

2281.
In the context of digital payment security, what does 'Tokenization' refer to?
A Converting cash into digital coins
B Replacing actual card details with an alternative code called a 'token'
C Printing physical tokens for bank queues
D A method of physical gold storage
2282.
What is the base year for the RBI's Digital Payments Index (RBI-DPI), which measures the extent of digitisation of payments?
A March 2015
B March 2018
C March 2020
D January 2016
2283.
Which organization developed the Unified Payments Interface (UPI), which has seen a massive surge in transactions?
A Reserve Bank of India (RBI)
B National Payments Corporation of India (NPCI)
C NITI Aayog
D Securities and Exchange Board of India (SEBI)
2284.
What is the primary objective of the RBI's Monetary Policy Committee while deciding on policy rates?
A To maximize bank profits
B To manage the fiscal deficit
C To maintain price stability while keeping in mind the objective of growth
D To regulate the stock market
2285.
Who is the ex-officio Chairperson of the Monetary Policy Committee (MPC) of India?
A Finance Minister of India
B Finance Secretary
C Governor of the RBI
D Chief Economic Advisor
2286.
Which of the following rates is known as the 'Policy Rate' in India, which the RBI usually keeps unchanged during a 'status quo' decision?
A Reverse Repo Rate
B Repo Rate
C Bank Rate
D Statutory Liquidity Ratio
2287.
Who is the primary target audience for the Digital Skill India 2.0 program?
A Senior citizens
B Primary school students
C Youth and the workforce
D Government employees only
2288.
Which initiative is Digital Skill India 2.0 primarily aligned with?
A Skill India Mission
B Make in India
C Digital India
D Startup India
2289.
What is the main focus of the 'Digital Skill India 2.0' program?
A Providing free laptops to students
B Upskilling the workforce in emerging technologies like AI and Data Analytics
C Building digital infrastructure in schools
D Providing internet access to rural households
2290.
Which ministry is the nodal agency for the implementation of the PM-KUSUM scheme?
A Ministry of Agriculture and Farmers Welfare
B Ministry of Rural Development
C Ministry of New and Renewable Energy
D Ministry of Power
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