MCQs: Banking & Finance Current Affairs

1.

What is the primary goal of the RBI in expanding the e-Rupee pilot program as of October 2026?

A To completely replace physical cash within a year.

B To assess the technological resilience and user experience of the e-Rupee.

C To exclusively facilitate government welfare schemes.

D To reduce the number of bank branches.

2.

The expanded pilot program for the e-Rupee in October 2026 aims to test which of the following aspects of the digital currency?

A Only wholesale transactions

B Only retail transactions

C Both wholesale and retail use cases

D International cross-border payments only

3.

As of October 2026, which of the following categories of banks have been included in the expanded pilot program for the Central Bank Digital Currency (CBDC), the e-Rupee?

A Only Public Sector Banks

B Only Private Sector Banks

C Both Public Sector and Private Sector Banks

D Only Small Finance Banks

4.

In the October 2026 Monetary Policy Statement, the RBI's Monetary Policy Committee (MPC) voted to maintain the stance of 'withdrawal of accommodation'. What does this stance primarily imply?

A A commitment to increasing liquidity in the economy.

B A focus on reducing interest rates to stimulate growth.

C A cautious approach aimed at gradually reducing inflation without hindering growth.

D An intention to immediately cut the repo rate.

5.

Which of the following is a primary objective of the Reserve Bank of India's monetary policy, as reiterated in the October 2026 review?

A Maximizing export growth

B Ensuring financial stability and controlling inflation

C Reducing unemployment rate below 3%

D Promoting rapid industrialization

6.

As per the latest Monetary Policy Statement released in October 2026, what is the current repo rate set by the Reserve Bank of India (RBI)?

A 6.00%

B 6.25%

C 6.50%

D 6.75%

Banking & Finance MCQs - 2026-07-18