MCQs on RBI Digital Rupee and ULI Integration April 2026

101.

Which international body sets the Basel III standards followed by the RBI?

A International Monetary Fund (IMF)

B World Bank

C Basel Committee on Banking Supervision (BCBS)

D World Trade Organization (WTO)

102.

The term 'D-SIB' in Indian banking refers to banks that are:

A Exclusively owned by the Government of India

B Considered 'Too Big to Fail' due to their size and systemic importance

C Only allowed to operate in the digital sector

D Specialized in agricultural lending only

103.

Which type of capital buffer did the RBI specifically increase for D-SIBs in the April 2026 update?

A Statutory Liquidity Ratio (SLR)

B Common Equity Tier 1 (CET1)

C Cash Reserve Ratio (CRR)

D Fixed Deposit Reserve

104.

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)

105.

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

106.

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

107.

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

108.

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

109.

The revised RBI guidelines on loan recovery agents are intended to:

A Increase the burden on borrowers

B Promote unethical recovery practices

C Protect borrowers from harassment and ensure fair recovery processes

D Reduce the profitability of banks and NBFCs

110.

What does the RBI emphasize regarding borrower privacy during loan recovery?

A Recovery agents can visit borrowers' workplaces without notice

B Borrower privacy should be respected, and contact should be avoided during unreasonable hours or at public places

C Borrower information can be shared with neighbours for recovery purposes

D Recovery can be done through social media harassment

Banking & Finance MCQs