Banking & Finance MCQs - May 2026 Current Affairs

201.

What is the current Repo Rate maintained by the RBI as per the latest monetary policy committee decision?

A 6.00%

B 6.25%

C 6.50%

D 6.75%

202.

Who is the sole issuing authority for the Digital Rupee (e₹) in India, ensuring its sovereign backing?

A Commercial Banks

B National Payments Corporation of India (NPCI)

C Reserve Bank of India (RBI)

D Ministry of Finance

203.

What is the primary objective behind the RBI's expansion of the Digital Rupee (e₹) retail pilot program?

A To completely replace physical cash in the economy

B To test the scalability, robustness, and user adoption of the digital currency

C To facilitate cross-border transactions exclusively

D To encourage the use of private blockchain networks

204.

The Digital Rupee (e₹) being piloted by the Reserve Bank of India (RBI) is officially categorized as which of the following?

A A private cryptocurrency

B A Central Bank Digital Currency (CBDC)

C A stablecoin backed by gold

D A decentralized blockchain token

205.

Which of the following bodies is primarily responsible for deciding the benchmark interest rate (repo rate) in India's monetary policy framework?

A Ministry of Finance

B NITI Aayog

C Monetary Policy Committee (MPC)

D Indian Banks' Association (IBA)

206.

If the RBI maintains the repo rate at 6.50% in May 2026, what would be the most likely immediate impact on the interest rates for new loans offered by commercial banks?

A They would significantly increase due to market uncertainty.

B They would likely remain stable or see minor adjustments.

C They would decrease substantially to boost credit growth.

D They would become highly volatile, fluctuating daily.

207.

In its May 2026 Monetary Policy Review, if the Reserve Bank of India (RBI) maintains the repo rate, what does this stance primarily indicate regarding the current economic conditions?

A A need for significant economic stimulus

B A stable and balanced economic outlook

C Concerns about high inflation requiring tightening

D A move towards a contractionary monetary policy