MCQs - 2026-09

The Central Bank Digital Currency (CBDC), or e-Rupee, is a digital form of fiat currency issued and backed by the Reserve Bank of India (RBI).

While the pilot program tested P2P and P2M for retail use (CBDC-R) and wholesale transactions (CBDC-W), cross-border payments were not a primary focus of the initial expansion in September 2026.

The expansion of the e-Rupee pilot program to more cities in September 2026 was aimed at testing the robustness, security, and user experience of the digital currency in diverse real-world scenarios and across a larger population.

The RBI's Monetary Policy Committee (MPC) meets at least four times a year, but typically convenes six times a year for its bi-monthly reviews, including the one in September 2026.

The RBI's September 2026 review emphasized the need to remain focused on the withdrawal of accommodation to ensure that inflation progressively aligns with the target while supporting growth.

As per the Monetary Policy Statement of September 2026, the RBI's Monetary Policy Committee (MPC) decided to keep the policy repo rate unchanged at 6.50%.

The PM-KISAN scheme is primarily for landholding farmer families. Institutional landholders are excluded from the scheme's benefits.

The ₹6,000 annual financial benefit under PM-KISAN is transferred directly into the bank accounts of eligible beneficiaries in three equal installments of ₹2,000 each.

The PM-KISAN scheme provides an annual direct income support of ₹6,000 to eligible farmer families, disbursed in three equal installments of ₹2,000 each.

In 2026, the focus is on sustainable shipping to reduce the environmental impact of the maritime industry.