Banking & Finance MCQs - 2026-09-16

The RBI uses Distributed Ledger Technology (DLT) to manage the issuance and circulation of the Digital Rupee, ensuring security and transparency.

The e-Rupee is a digital token representing legal tender issued by the RBI, making it a direct liability of the central bank, unlike UPI which facilitates transfers between existing bank accounts.

The Digital Rupee is a Central Bank Digital Currency (CBDC), which is a digital form of currency notes issued by the Reserve Bank of India.

The MPC consists of six members: three from the RBI (including the Governor) and three external members appointed by the Government of India.

In the recent 2026 policy reviews, the RBI has maintained a status quo on key policy rates including Repo, CRR, and SLR to manage macroeconomic stability.

The RBI maintains the withdrawal of accommodation stance to ensure inflation progressively aligns with the target, while remaining supportive of growth.