Banking & Finance MCQs - May 2026 Current Affairs

121.

Which technology is the foundation of the RBI's Digital Rupee?

A Blockchain/Distributed Ledger Technology

B Cloud Computing

C Artificial Intelligence

D Quantum Computing

122.

The retail e-Rupee pilot program is primarily intended for which type of transactions?

A Inter-bank settlements

B Government securities trading

C Retail transactions by the general public

D International trade payments

123.

What is the 'e-Rupee' launched by the RBI?

A A new cryptocurrency

B Central Bank Digital Currency (CBDC)

C A digital payment gateway

D A government bond

124.

Which of the following is the primary objective of the Monetary Policy Committee?

A Maintaining price stability while keeping in mind the objective of growth

B Managing the fiscal deficit of the government

C Regulating the stock market

D Issuing new currency notes

125.

How many members are there in the RBI's Monetary Policy Committee (MPC)?

A 4

B 5

C 6

D 7

126.

What is the current Repo Rate as maintained by the RBI's Monetary Policy Committee?

A 6.00%

B 6.25%

C 6.50%

D 6.75%

127.

What is the main purpose of RBI's digital lending guidelines?

A To ban all digital lending apps

B To promote unregulated lending

C To protect customers and ensure transparency

D To increase interest rates for borrowers

128.

Which of the following is a key requirement for Digital Lending Apps under RBI guidelines?

A Apps must store data on foreign servers

B Apps must provide a Key Fact Statement (KFS) to the borrower

C Apps can charge unlimited processing fees

D Apps do not need to disclose the name of the lender

129.

Under the new RBI guidelines, who is responsible for the repayment of loans taken through digital lending apps?

A The Digital Lending App (DLA)

B The Regulated Entity (RE)

C The Third-party Service Provider

D The Government of India

130.

What is the primary objective of keeping the Repo Rate unchanged?

A To increase fiscal deficit

B To align inflation with the target

C To decrease foreign exchange reserves

D To stop bank lending