What is the primary benefit of expanding the Digital Rupee (e-Rupee) for merchant transactions?
A Increased printing costs for physical currency
B Reduced transaction costs and improved efficiency
C Greater reliance on traditional banking infrastructure
D Limited accessibility for consumers
Answer: B
Expanding e-Rupee for merchant transactions aims to reduce intermediaries, lower transaction costs, and enhance the efficiency of digital payments.
12.
The Reserve Bank of India (RBI) has recently expanded the use of the Digital Rupee (e-Rupee) to include which type of transactions?
A International remittances only
B Wholesale transactions only
C Merchant transactions
D Government bond trading
Answer: C
The RBI has expanded the pilot of the Digital Rupee (e-Rupee) to include merchant transactions, making it available for retail use.
13.
Maintaining the repo rate at 6.5% in June 2026 is primarily aimed at achieving which objective of the RBI?
A Increasing foreign exchange reserves
B Controlling inflation and supporting growth
C Reducing the fiscal deficit
D Promoting financial inclusion
Answer: B
The RBI's primary mandate is to maintain price stability while keeping in mind the objective of growth. Keeping the repo rate steady helps in managing inflation.
14.
Which committee's decision determines the repo rate in India?
A Financial Stability and Development Council (FSDC)
B Monetary Policy Committee (MPC)
C Securities and Exchange Board of India (SEBI) Board
D Reserve Bank of India Board
Answer: B
The Monetary Policy Committee (MPC) is responsible for setting the policy repo rate in India.
15.
As per the RBI's Monetary Policy Committee review in June 2026, what is the current Repo Rate?
A 6.25%
B 6.50%
C 6.75%
D 6.00%
Answer: B
The Reserve Bank of India's Monetary Policy Committee (MPC) decided to keep the policy repo rate unchanged at 6.5% in its June 2026 review.
16.
Which of the following categories of individuals is *excluded* from receiving benefits under the PM-KISAN scheme?
A All institutional landholders
B Farmer families whose members hold constitutional posts
C Farmer families whose members are retired government employees receiving a monthly pension of βΉ10,000 or more
D All of the above
Answer: D
The PM-KISAN scheme has several exclusion categories, including institutional landholders, farmer families whose members hold constitutional posts, former and present Ministers/State Ministers, MPs/MLAs/MLCs, Mayors/District Panchayat Chairpersons, and all serving or retired officers and employees of Central/State Government Ministries/Offices/Departments and their field units, Central or State PSEs and Attached autonomous Institutions under Government as well as regular employees of the Local Bodies (excluding Multi Tasking Staff / Class IV / Group D employees). Also, all superannuated/retired pensioners whose monthly pension is βΉ10,000/- or more (Excluding Multi Tasking Staff / Class IV/Group D employees) are excluded. Professionals like Doctors, Engineers, Lawyers, Chartered Accountants, and Architects registered with professional bodies and carrying out profession by undertaking practice are also excluded.
17.
What is the total annual financial assistance provided to eligible farmer families under the PM-KISAN scheme, and in how many installments?
A βΉ4,000 in two equal installments
B βΉ6,000 in three equal installments
C βΉ8,000 in four equal installments
D βΉ10,000 in five equal installments
Answer: B
Under the PM-KISAN scheme, eligible farmer families receive βΉ6,000 per year, paid in three equal installments of βΉ2,000 each, every four months.
18.
The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme was officially launched on which date?
A February 24, 2019
B December 1, 2018
C January 1, 2019
D March 31, 2019
Answer: A
The PM-KISAN scheme was officially launched on February 24, 2019, from Gorakhpur, Uttar Pradesh. However, it was implemented with retrospective effect from December 1, 2018, for the first installment.
19.
Which United Nations body is responsible for assessing the science related to climate change and providing regular scientific assessments?
A United Nations Environment Programme (UNEP)
B World Meteorological Organization (WMO)
C Intergovernmental Panel on Climate Change (IPCC)
D United Nations Framework Convention on Climate Change (UNFCCC)
Answer: C
The Intergovernmental Panel on Climate Change (IPCC) is the leading international body for assessing climate change. It provides regular assessments of the scientific basis of climate change, its impacts and future risks, and options for adaptation and mitigation.
20.
What is the primary focus of 'climate change mitigation' efforts?
A Adapting to the impacts of climate change
B Reducing greenhouse gas emissions
C Studying historical climate data
D Promoting climate change denial
Answer: B
Climate change mitigation refers to efforts to reduce or prevent the emission of greenhouse gases (GHGs). Mitigation can involve using new technologies and renewable energies, making older equipment more energy efficient, or changing management practices or consumer behavior.
