Banking & Finance MCQs

As of August 2026, specific policy rate data for this exact period is not available in the training set.

The guidelines focus on ensuring robust data privacy and cybersecurity to build trust and safety for users participating in the e₹ pilot.

The expansion aims to test the e₹ technology and explore its potential use cases across a broader spectrum of users and businesses.

The RBI has expanded the e₹ pilot program to include retail users and non-financial businesses, moving beyond initial participants.

In the Q2 FY27 monetary policy review, the RBI projected real GDP growth at 7.2% for the financial year 2026-27.

The RBI's mandate, as consistently stated, is to maintain price stability while keeping in mind the objective of growth, and ensuring financial stability.

The RBI's Monetary Policy Committee (MPC) has maintained the repo rate at 6.50% in its latest review for Q2 FY27.

Unlike commercial bank money, the e-Rupee is a direct liability of the central bank, similar to physical currency. While it offers some level of privacy, it's not entirely anonymous like physical cash, and it is generally not interest-bearing. It is not designed for speculative trading.

The e-Rupee pilot is being conducted for two main categories: e₹-R (Retail) for general public use and e₹-W (Wholesale) for interbank settlements and other wholesale transactions.

The e-Rupee is India's Central Bank Digital Currency (CBDC), a digital form of legal tender issued by the Reserve Bank of India. It is distinct from private cryptocurrencies.