Banking & Finance MCQs

101.

The RBI is closely monitoring the ______ of the e-INR in its wholesale use cases.

A Profitability

B Market share

C Performance, security, and scalability

D Advertising reach

102.

The e-INR aims to improve the ______ and ______ of wholesale financial markets.

A Complexity; cost

B Efficiency; transparency

C Volatility; risk

D Regulation; oversight

103.

What is a potential benefit of e-INR in cross-border transactions?

A Increased transaction costs.

B Slower settlement times.

C Faster settlement times.

D Greater reliance on correspondent banks.

104.

The pilot program is being conducted in a:

A Single, large-scale launch.

B Phased manner with continuous evaluation.

C Experimental phase with no clear timeline.

D Limited geographical region only.

105.

The e-INR is a form of:

A Private cryptocurrency.

B Central Bank Digital Currency (CBDC).

C Decentralized autonomous organization (DAO).

D Stablecoin.

106.

The expansion of the e-INR pilot to wholesale markets is expected to potentially:

A Increase inflation.

B Revolutionize India's financial infrastructure.

C Reduce the need for digital payments.

D Limit cross-border trade.

107.

Who are the primary participants in the expanded e-INR pilot program for wholesale transactions?

A Individual consumers and small businesses.

B Select commercial banks and financial institutions.

C Foreign exchange traders only.

D Technology startups developing blockchain solutions.

108.

What is a key objective of introducing e-INR for wholesale transactions?

A To increase the use of physical cash.

B To reduce settlement times and minimize counterparty risk.

C To encourage speculative trading in digital assets.

D To decrease the role of commercial banks.

109.

Which entity is responsible for the digital rupee (e-INR) pilot program in India?

A Securities and Exchange Board of India (SEBI)

B Ministry of Finance

C Reserve Bank of India (RBI)

D National Payments Corporation of India (NPCI)

110.

What is the primary focus of the recent expansion of India's digital rupee (e-INR) pilot program?

A Retail consumer payments.

B Wholesale transactions and interbank settlements.

C International currency exchange.

D Cryptocurrency trading.