MCQs: RBI Monetary Policy & Digital Rupee Updates (June 2026)

1.

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

A Blockchain/Distributed Ledger Technology

B Cloud Computing only

C Magnetic Ink Character Recognition

D Artificial Intelligence only

2.

The Digital Rupee (e-Rupee) is a form of which of the following?

A Cryptocurrency

B Central Bank Digital Currency (CBDC)

C Private Digital Token

D Foreign Currency

3.

What is the primary objective of introducing offline capabilities in the Digital Rupee (e-Rupee) pilot?

A To increase bank interest rates

B To facilitate transactions in areas with poor internet connectivity

C To replace physical currency completely

D To reduce the number of bank branches

4.

Which act provides the statutory basis for the Monetary Policy Committee in India?

A Banking Regulation Act, 1949

B Reserve Bank of India Act, 1934

C Finance Act, 2016

D RBI Amendment Act, 2016

5.

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

A 4

B 5

C 6

D 7

6.

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

A 6.0%

B 6.25%

C 6.5%

D 6.75%

Banking & Finance MCQs - 2026-06-27