MCQs: Banking & Finance Current Affairs Oct 2026

1.

The RBI's pilot program for the retail version of the Digital Rupee (e₹-R) in October 2026 primarily involves which type of transaction?

A Wholesale transactions between financial institutions.

B Cross-border remittances.

C Person-to-person (P2P) and person-to-merchant (P2M) payments.

D Government bond trading.

2.

As of October 2026, which of the following is a key objective of the RBI's Digital Rupee initiative?

A To completely replace physical cash within the next two years.

B To enhance financial inclusion and reduce transaction costs.

C To facilitate international trade settlements exclusively.

D To introduce a new currency with a different exchange rate.

3.

What is the official name given by the RBI to India's Central Bank Digital Currency (CBDC)?

A Digital Rupee (e₹)

B e-Indian Rupee

C Digital Indian Currency

D e-Note

4.

Which of the following measures was NOT highlighted in the RBI's October 2026 monetary policy review regarding inflation management?

A Maintaining the target of 4% CPI inflation.

B Focus on supply-side measures to curb food inflation.

C Increasing the reverse repo rate to absorb liquidity.

D Continued vigilance on the evolving inflation outlook.

5.

In the October 2026 monetary policy statement, the RBI projected the GDP growth rate for FY 2026-27. What is this projected growth rate?

A 6.8%

B 7.0%

C 6.5%

D 7.2%

6.

As per the RBI's bi-monthly monetary policy review in October 2026, what is the current policy repo rate?

A 6.50%

B 6.75%

C 6.25%

D 6.00%

Banking & Finance MCQs - 2026-10-29