Banking & Finance MCQs April 2026: RBI, SEBI, and Basel III Regulations

11.

Who is the issuing authority for the Digital Rupee in India?

A National Payments Corporation of India (NPCI)

B Ministry of Finance

C Reserve Bank of India (RBI)

D Securities and Exchange Board of India (SEBI)

12.

Which of the following is a benefit of the offline CBDC functionality?

A It eliminates the need for a bank account

B It allows transactions without active internet connectivity

C It provides higher interest than savings accounts

D It can only be used for international transfers

13.

When did the RBI first launch the pilot for the retail Digital Rupee (e₹-R)?

A December 2020

B April 2022

C December 2022

D January 2024

14.

What is the primary objective of introducing 'programmability' in the Digital Rupee?

A To increase the interest rate on digital deposits

B To ensure the currency is used only for specific intended purposes

C To limit the total supply of digital currency

D To make the currency compatible with international credit cards

15.

With reference to the Digital Rupee (e₹) announced in April 2026, consider the following statements: 1. It now supports offline transactions to facilitate payments in low-connectivity areas. 2. Programmability features allow the currency to be used for specific, predefined purposes. Which of the statements given above is/are correct?

A 1 only

B 2 only

C Both 1 and 2

D Neither 1 nor 2

Banking & Finance MCQs - 2026-04-15