MCQs - 2026-06

The National Film Awards ceremonies are traditionally held in New Delhi, presented by the President of India.

AI adoption is expected to streamline banking operations, improve fraud detection, and provide personalized customer services.

The RBI emphasizes transparency, fairness, and accountability in AI algorithms to prevent bias in financial decision-making.

The framework aims to guide banks in adopting AI technologies while mitigating risks related to data privacy and ethics.

The e-Rupee operates on Distributed Ledger Technology (DLT), commonly known as blockchain, to ensure secure transactions.

The e-Rupee is a digital version of the sovereign currency issued by the Reserve Bank of India.

The RBI launched the Central Bank Digital Currency (CBDC), known as the Digital Rupee or e-Rupee.

The RBI maintains the repo rate to balance inflation control with the need to sustain economic growth.

The Monetary Policy Committee (MPC) is a statutory body under the RBI Act, 1934, tasked with fixing the benchmark policy interest rate.

The RBI has maintained the repo rate at 6.5% to ensure inflation aligns with the target while supporting growth.