MCQs on RBI Digital Lending, Cybersecurity, and Financial Inclusion

91.

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.

92.

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

93.

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

94.

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.

95.

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

96.

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%

97.

The Ministry of Finance announces revised interest rates for small savings schemes every quarter. For the quarter of January-March 2026, the interest rate on the Sukanya Samriddhi Yojana (SSY) was maintained at the previous quarter's level. What was this rate?

A 8.2%

B 8.0%

C 7.8%

D 7.6%

98.

Interest rates on small savings schemes are typically revised by the Ministry of Finance based on the movement of benchmark government securities. For the quarter of October-December 2025, which of the following small savings schemes saw an increase in its interest rate?

A Public Provident Fund (PPF)

B Senior Citizen's Savings Scheme (SCSS)

C Kisan Vikas Patra (KVP)

D NEEDS_REVIEW

99.

The Ministry of Finance, Government of India, revises the interest rates for various small savings schemes quarterly. For the first quarter of the financial year 2026-27 (April-June 2026), what is the revised interest rate for the National Savings Certificate (NSC)?

A 7.1%

B 7.5%

C 7.7%

D NEEDS_REVIEW

100.

According to the RBI's 2024 digital lending guidelines, what is the minimum tenure that Digital Lending Apps (DLAs) must offer for all loan products?

A 3 months

B 6 months

C 12 months

D NEEDS_REVIEW

Banking & Finance MCQs