MCQs - 2026-09

The National Film Awards honor the best of Indian cinema for the preceding calendar year. The 63rd awards were for films released in 2015.

The then President of India, Pranab Mukherjee, presented the 63rd National Film Awards.

The 63rd National Film Awards, which honored films released in 2015, were presented on May 3, 2016.

As of September 2026, the Digital Rupee is still in its pilot phase. While it is being tested and gradually rolled out, it has not yet been declared a full legal tender for all purposes, and physical cash continues to be legal tender.

The Digital Rupee aims to improve the efficiency of payment systems, reduce settlement risks, and potentially lower transaction costs for both individuals and businesses, while maintaining privacy safeguards.

The RBI has been progressively expanding the scope of the e-INR pilot. By September 2026, the pilot has moved into a phase encompassing both wholesale and retail segments, involving a wider set of banks and users.

The Monetary Policy Committee (MPC) is mandated to meet at least four times a year and at least once every quarter. However, in practice, the MPC typically meets every two months to review and decide on monetary policy.

The RBI's primary mandate is to maintain price stability while keeping in mind the objective of growth. The inflation target is set at 4% with a tolerance band of +/- 2%, meaning the RBI aims to keep inflation between 2% and 6%. The September 2026 review reiterated this commitment.

The Reserve Bank of India, in its September 2026 Monetary Policy Review, decided to keep the policy repo rate unchanged at 6.50%. This decision was taken by the Monetary Policy Committee (MPC).

The Pradhan Mantri Gramin Awas Yojana (PMGAY) was launched in November 2016, replacing the erstwhile Indira Awas Yojana (IAY), which had been in operation since 1985.