Banking and Finance MCQs: RBI Policy and Digital Currency

1.

The Digital Rupee (e-Rupee) is a form of:

A Cryptocurrency

B Central Bank Digital Currency (CBDC)

C Private digital token

D Stablecoin

2.

What is the primary benefit of expanding the Digital Rupee (e-Rupee) for merchant transactions?

A Increased printing costs for physical currency

B Reduced transaction costs and improved efficiency

C Greater reliance on traditional banking infrastructure

D Limited accessibility for consumers

3.

The Reserve Bank of India (RBI) has recently expanded the use of the Digital Rupee (e-Rupee) to include which type of transactions?

A International remittances only

B Wholesale transactions only

C Merchant transactions

D Government bond trading

4.

Maintaining the repo rate at 6.5% in June 2026 is primarily aimed at achieving which objective of the RBI?

A Increasing foreign exchange reserves

B Controlling inflation and supporting growth

C Reducing the fiscal deficit

D Promoting financial inclusion

5.

Which committee's decision determines the repo rate in India?

A Financial Stability and Development Council (FSDC)

B Monetary Policy Committee (MPC)

C Securities and Exchange Board of India (SEBI) Board

D Reserve Bank of India Board

6.

As per the RBI's Monetary Policy Committee review in June 2026, what is the current Repo Rate?

A 6.25%

B 6.50%

C 6.75%

D 6.00%

Banking & Finance MCQs - 2026-06-05