MCQs on Banking & Finance Current Affairs (June 2026)

1.

The RBI's initiative on AI in banking is aimed at enhancing which of the following?

A Operational efficiency and customer experience

B Physical cash handling

C Paper-based documentation

D Manual auditing processes

2.

Which of the following is a key concern addressed in the RBI's AI framework?

A Algorithmic bias and transparency

B Increasing bank branch count

C Printing more currency notes

D Reducing interest rates

3.

Why has the RBI released a draft regulatory framework for AI in the banking sector?

A To ban the use of AI in banks

B To ensure ethical, safe, and responsible adoption of AI

C To replace all human employees with AI

D To increase the cost of banking services

4.

Which technology is primarily used for the Digital Rupee (e-Rupee) pilot?

A Cloud Computing

B Blockchain/Distributed Ledger Technology

C Artificial Intelligence

D Quantum Computing

5.

The e-Rupee is a digital form of which of the following?

A Sovereign Currency

B Private Cryptocurrency

C Foreign Exchange

D Gold Reserves

6.

What is the official name of the RBI's digital currency?

A e-Cash

B Digital Rupee (e-Rupee)

C Crypto Rupee

D Virtual Token

7.

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

A To increase fiscal deficit

B To manage inflation and support economic growth

C To decrease foreign exchange reserves

D To stop bank lending

8.

Which committee is responsible for deciding the Repo Rate in India?

A Monetary Policy Committee (MPC)

B Financial Stability Committee

C Banking Regulation Committee

D Economic Advisory Council

9.

What is the current Repo Rate as maintained by the RBI in its latest Monetary Policy Committee (MPC) review?

A 6.0%

B 6.25%

C 6.5%

D 6.75%

Banking & Finance MCQs - 2026-06-01