MCQs on Banking & Finance: RBI, Digital Lending, Financial Inclusion

221.

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

A Sovereign Currency

B Private Cryptocurrency

C Foreign Exchange

D Gold Reserves

222.

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

223.

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

224.

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

225.

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%

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Banking & Finance MCQs