MCQs on Banking & Finance: RBI Policy, Digital Rupee (Sept 2026)

1.

The e-Rupee, or Central Bank Digital Currency (CBDC), is issued by which entity in India?

A Ministry of Finance

B Reserve Bank of India (RBI)

C National Payments Corporation of India (NPCI)

D Securities and Exchange Board of India (SEBI)

2.

Which of the following types of transactions was NOT initially part of the expanded e-Rupee pilot program in September 2026?

A Person-to-Person (P2P) transfers

B Person-to-Merchant (P2M) payments

C Wholesale transactions (CBDC-W)

D Cross-border payments

3.

In September 2026, the Reserve Bank of India (RBI) announced the expansion of the Central Bank Digital Currency (CBDC) pilot program, also known as the e-Rupee, to include more cities. What was the primary aim of this expansion?

A To completely replace physical cash within a year.

B To test the technology and use cases in a wider geographical area.

C To reduce the number of bank branches.

D To encourage foreign investment in digital assets.

4.

The RBI's Monetary Policy Committee (MPC) typically meets how many times a year to decide on the repo rate and other monetary policy matters?

A 4 times

B 6 times

C 8 times

D 12 times

5.

Which of the following was a key objective stated by the RBI in its September 2026 Monetary Policy Review, alongside maintaining the repo rate?

A Aggressively reducing inflation to below 2%

B Ensuring withdrawal of accommodation to curb inflation

C Stimulating economic growth by lowering interest rates

D Increasing the banking sector's liquidity

6.

In the Monetary Policy Review of September 2026, what was the repo rate maintained by the Reserve Bank of India (RBI)?

A 6.00%

B 6.25%

C 6.50%

D 6.75%

Banking & Finance MCQs - 2026-09-29