Banking & Finance MCQs - 2026-10-12

The current design of the e-INR, as tested in the pilot, does not earn interest for the holder, unlike some forms of digital assets or bank deposits. It is a liability of the central bank and a legal tender.

The expansion aims to test the technological resilience, user experience, and operational effectiveness of the e-INR in a wider set of use cases and with a larger participant base.

The RBI announced in October 2026 the expansion of the e-INR pilot program to include both the wholesale (e-W) and retail (e-R) segments, bringing in more banks and a larger user base for testing.

The MPC decided to remain focused on the withdrawal of accommodation to ensure that inflation progressively aligns with the target, while supporting growth. This stance aims to gradually reduce excess liquidity in the system.

The RBI's mandate is to maintain price stability while keeping in mind the objective of growth. Controlling inflation and ensuring financial stability are core objectives.

The RBI's Monetary Policy Committee (MPC) decided to keep the policy repo rate unchanged at 6.50% in its October 2026 review. This decision was based on an assessment of the current and evolving macroeconomic situation.