MCQs on Banking & Finance Current Affairs (Aug 2026)

1.

In the context of the Digital Rupee, what does the 'Wholesale' (e-W) segment primarily facilitate?

A Retail consumer purchases at grocery stores

B Settlement of secondary market transactions in government securities

C International remittances by individuals

D Peer-to-peer lending between individuals

2.

Which feature distinguishes the e-Rupee from existing digital payment methods like UPI?

A It requires an internet connection for all transactions

B It is a direct liability of the Central Bank

C It can only be used for government payments

D It is backed by gold reserves

3.

The Digital Rupee (e-Rupee) introduced by the RBI is a form of:

A Cryptocurrency

B Central Bank Digital Currency (CBDC)

C Private Digital Asset

D Unified Payments Interface (UPI) token

4.

What is the primary tool used by the RBI to manage liquidity in the banking system under the current monetary policy framework?

A Repo Rate

B Statutory Liquidity Ratio

C Cash Reserve Ratio

D Open Market Operations

5.

Which of the following rates is NOT directly determined by the RBI's Monetary Policy Committee?

A Repo Rate

B Marginal Standing Facility (MSF) Rate

C Savings Bank Deposit Rate

D Standing Deposit Facility (SDF) Rate

6.

As of the latest RBI Monetary Policy Committee (MPC) review in 2026, what is the primary objective of the current 'Withdrawal of Accommodation' stance?

A To boost industrial production

B To align inflation to the 4% target

C To increase foreign exchange reserves

D To devalue the Indian Rupee

Banking & Finance MCQs - 2026-08-10