MCQs 2026

By integrating with UPI, the RBI aims to make the Central Bank Digital Currency (CBDC) more user-friendly and accessible, thereby promoting its adoption.

The expanded pilot of the e-Rupee now includes interoperability with UPI, allowing users to transact using both systems seamlessly.

The RBI closely monitors global economic and financial uncertainties, such as geopolitical events and international market volatility, when formulating its monetary policy, including the repo rate decision.

The Monetary Policy Committee (MPC) is mandated by the RBI Act, 1934, to determine the policy repo rate required to meet the inflation target while considering the objective of growth.

The RBI's Monetary Policy Committee (MPC) has decided to keep the policy repo rate unchanged at 6.50% in its recent meetings, citing global economic uncertainties.

As of recent reports, the Jal Jeevan Mission has achieved a significant milestone, covering over 75% of rural households with tap water connections.

'Nal Se Jal' is the flagship initiative under the Jal Jeevan Mission to ensure tap water supply to all rural households.

The Jal Jeevan Mission aims to provide Functional Household Tap Connections (FHTCs) to every rural household.

The scheme provides a subsidy of up to ₹1.5 lakh for eligible beneficiaries for new house construction or enhancement.

While the scheme focuses on construction, enhancement, and rental housing, direct cash transfers for open market purchases are not a primary component.