MCQs: Banking & Finance Current Affairs 17 October 2026

1.

What is the main objective of the 'RBI Innovation Hub' (RIH)?

A To regulate stock market trading

B To promote financial inclusion and innovation in the financial sector

C To manage the foreign exchange reserves of India

D To print currency notes for the government

2.

Which technology is the foundation for the 'Digital Rupee' (e-Rupee) launched by the RBI?

A Cloud Computing

B Distributed Ledger Technology (DLT)

C Artificial Intelligence

D Quantum Computing

3.

What is the primary purpose of the 'UPI Circle' feature introduced by NPCI?

A To allow secondary users to make payments through a primary user's account

B To increase the transaction limit for merchants

C To enable offline payments without internet

D To provide insurance for digital transactions

4.

Who currently chairs the Monetary Policy Committee (MPC) of the Reserve Bank of India?

A The Finance Minister of India

B The Governor of RBI

C The Chief Economic Advisor

D The Deputy Governor of RBI (Monetary Policy)

5.

Which of the following is the primary objective of the RBI's current 'Withdrawal of Accommodation' stance?

A To increase liquidity in the banking system

B To align inflation to the 4% target

C To devalue the Indian Rupee

D To encourage foreign direct investment

6.

As of the latest RBI Monetary Policy Committee (MPC) meeting in early 2026, what is the Repo Rate maintained by the Reserve Bank of India?

A 6.25%

B 6.50%

C 6.75%

D 6.00%

Banking & Finance MCQs - 2026-10-17