MCQs on RBI Digital Rupee and ULI Integration April 2026

231.

The RBI suggests that PPI interoperability can be enabled through:

A Creating separate payment networks for each PPI issuer.

B A common switch or by leveraging existing infrastructure like UPI.

C Requiring all users to switch to a single payment platform.

D Manual reconciliation of transactions between different PPIs.

232.

Which of the following types of PPIs are covered by the RBI's interoperability mandate?

A Only gift cards.

B Only mobile money accounts.

C Cards and wallets.

D All types of PPIs, including closed-loop systems.

233.

Effective from which date will the RBI's mandate for PPI interoperability come into force?

A April 1, 2026

B October 1, 2026

C January 1, 2027

D April 2, 2027

234.

What is the primary objective of the RBI's new guidelines on Prepaid Payment Instruments (PPIs) issued on April 2, 2026?

A To restrict the use of digital wallets.

B To mandate interoperability between different PPIs and UPI.

C To increase transaction fees for digital payments.

D To limit the number of PPI issuers in the market.

235.

Beyond simplifying transactions for travelers, the international expansion of UPI also aims to:

A Increase the reliance on traditional SWIFT systems.

B Promote UPI as a global payment standard and foster interoperability.

C Discourage cross-border digital commerce.

D Limit the adoption of digital payment systems in partner countries.

236.

The internationalization of UPI is being spearheaded by which subsidiary of NPCI?

A NPCI Digital Solutions

B NPCI International Holdings Limited (NIH)

C NPCI Global Payments

D NPCI Fintech Innovations

237.

What is a primary benefit for Indian citizens traveling to countries where UPI is integrated?

A Increased need for foreign currency exchange.

B Simplified transactions and reduced need for currency exchange.

C Higher transaction fees compared to local payment methods.

D Limited acceptance of UPI payments.

238.

As of April 3, 2026, which of the following countries have officially integrated their payment systems with India's UPI?

A United States, Canada, and Mexico

B United Kingdom, France, and Germany

C Singapore, Malaysia, and United Arab Emirates (UAE)

D Australia, New Zealand, and Japan

239.

Which organization is responsible for the development and implementation of the Unified Payments Interface (UPI)?

A Reserve Bank of India (RBI)

B National Payments Corporation of India (NPCI)

C Indian Banks' Association (IBA)

D Ministry of Electronics and Information Technology (MeitY)

240.

The issuance of SGBs is expected to enhance India's international reputation by:

A Increasing its reliance on foreign debt.

B Signaling a strong commitment to climate action and sustainable development.

C Reducing its participation in global climate forums.

D Focusing solely on domestic environmental issues.

Banking & Finance MCQs