MCQs: Banking & Finance Current Affairs

1.

The Digital Rupee (e-Rupee) is designed to be a legal tender and is based on which fundamental principle?

A Decentralized peer-to-peer transactions without central authority

B Backed by a basket of foreign currencies

C Direct liability of the central bank

D Volatile market-driven value

2.

Which institution is primarily responsible for issuing and regulating India's Digital Rupee (e-Rupee)?

A Ministry of Finance, Government of India

B National Payments Corporation of India (NPCI)

C Reserve Bank of India (RBI)

D Securities and Exchange Board of India (SEBI)

3.

What type of digital currency is India's Digital Rupee (e-Rupee)?

A A private cryptocurrency like Bitcoin

B A Central Bank Digital Currency (CBDC)

C A stablecoin pegged to a basket of commodities

D A decentralized autonomous organization (DAO) token

4.

How often is the Monetary Policy Committee (MPC) of the Reserve Bank of India mandated to meet in a financial year?

A Bi-annually (Twice a year)

B Quarterly (Four times a year)

C Annually (Once a year)

D Monthly (Twelve times a year)

5.

Which of the following is a quantitative tool used by the RBI in its monetary policy to control liquidity in the economy?

A Moral Suasion

B Repo Rate

C Direct Action

D Rationing of Credit

6.

What is the primary objective of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC)?

A Maximizing government revenue

B Maintaining price stability while keeping in mind the objective of growth

C Regulating foreign exchange markets exclusively

D Promoting competition among commercial banks

Banking & Finance MCQs - 2026-08-26