MCQs on RBI Digital Rupee and ULI Integration April 2026

181.

What is a potential socio-economic impact of the National Financial Inclusion Mission?

A Increased income inequality.

B Empowerment of individuals and small businesses, fostering economic growth.

C Reduced access to credit for the poor.

D Decreased financial literacy among citizens.

182.

Financial inclusion, as defined in the context of the NFIM, includes access to:

A Only savings accounts.

B Transactions, payments, savings, credit, and insurance.

C Only high-risk investment products.

D Only loans for luxury goods.

183.

Which of the following is a key component of the National Financial Inclusion Mission?

A Restricting access to digital payment platforms.

B Promoting financial literacy campaigns and leveraging technology for last-mile delivery.

C Discouraging the use of Business Correspondents (BCs).

D Increasing the cost of basic banking accounts.

184.

What is the primary goal of the National Financial Inclusion Mission (NFIM) launched on April 7, 2026?

A To increase the number of stock market investors.

B To accelerate financial inclusion by ensuring access to banking services for all.

C To promote the use of cryptocurrencies.

D To reduce the number of banks in operation.

185.

The RBI's review of the inflation targeting framework on April 7, 2026, considered factors such as:

A Only domestic economic indicators.

B Supply-side shocks and global inflation trends.

C The performance of individual companies.

D The impact of social media on consumer behavior.

186.

What does the reaffirmation of the inflation targeting framework by the RBI signal?

A A shift towards prioritizing growth over inflation control.

B A continued focus on price stability as a key objective.

C An intention to increase the inflation target.

D A move away from data-driven monetary policy.

187.

The primary objective of India's inflation targeting framework is to:

A Maximize economic growth at all costs.

B Maintain price stability while keeping in mind the objective of growth.

C Control the exchange rate of the Indian Rupee.

D Regulate the stock market.

188.

Which committee is responsible for reviewing and setting monetary policy in India?

A Fiscal Policy Committee

B Securities and Exchange Board of India (SEBI)

C Monetary Policy Committee (MPC)

D Reserve Bank of India Board

189.

What is the current mandated inflation target for India under the Flexible Inflation Targeting (FIT) framework?

A 2% +/- 1%

B 4% +/- 2%

C 6% +/- 3%

D 5% +/- 2%

190.

For India, the implementation of Basel III finalization will require:

A Ignoring international banking standards.

B Alignment of domestic prudential frameworks with international norms.

C Reducing capital requirements for Indian banks.

D Focusing solely on domestic financial markets.

Banking & Finance MCQs