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Current Affairs & MCQs
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MCQs 2026

11.
What is the primary difference between the e-Rupee (Retail) and UPI?
A UPI is a digital currency, e-Rupee is a payment interface
B e-Rupee is a legal tender issued by RBI, UPI is a payment system
C UPI requires a bank account, e-Rupee does not
D There is no difference
12.
The Digital Rupee (e-Rupee) in India is based on which underlying technology?
A Distributed Ledger Technology (DLT)
B Centralized Cloud Computing
C Proof of Work Mining
D Traditional SQL Databases
13.
What is the primary objective of the RBI's 'Withdrawal of Accommodation' stance?
A To increase liquidity in the market
B To align inflation with the target while supporting growth
C To devalue the Indian Rupee
D To increase government spending
14.
Which committee is responsible for determining the policy repo rate in India?
A Financial Stability and Development Council
B Monetary Policy Committee
C Economic Advisory Council
D Public Debt Management Cell
15.
As of the latest RBI Monetary Policy Committee (MPC) review in 2026, what is the current Repo Rate?
A 6.25%
B 6.50%
C 6.75%
D 6.00%
16.
The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme is categorized as which type of government scheme in India?
A Centrally Sponsored Scheme with 60:40 funding ratio
B Central Sector Scheme with 100% central funding
C State Sector Scheme with funding from respective state governments
D Public-Private Partnership (PPP) model
17.
Which of the following categories of individuals is generally *excluded* from receiving benefits under the PM-KISAN scheme as of 2026?
A Small and marginal farmers
B Landholding farmer families with cultivable land
C All institutional landholders
D Farmer families whose members are retired pensioners receiving a monthly pension of less than ₹10,000
18.
What is the annual financial assistance provided to eligible farmer families under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, as of 2026?
A ₹4,000
B ₹6,000
C ₹8,000
D ₹10,000
19.
The observance of National Education Day aims to highlight the importance of education and its role in the development of the nation. What was a key focus of Maulana Abul Kalam Azad's vision for education in India?
A Promoting vocational training over general education
B Ensuring universal access to quality education and establishing higher education institutions
C Focusing solely on religious education
D Limiting education to the elite class
20.
In which year was National Education Day first declared and observed in India?
A 2008
B 2010
C 2005
D 2012
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