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Economy & Business MCQs - 2026-04-01

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51.
What does 'financial inclusion' refer to in this context?
A Excluding people from banking services
B Ensuring access to affordable financial products and services for all
C Limiting the use of digital payments
D Focusing only on urban populations
52.
The trend of digital payment growth is expected to:
A Decline rapidly
B Remain stagnant
C Continue its upward trajectory
D Reverse significantly
53.
Which of the following is NOT an implication of the digital payment surge?
A Reducing the shadow economy
B Enhancing transparency in economic activities
C Increasing reliance on cash
D Promoting financial inclusion
54.
What are the implications of this digital payment surge for financial inclusion?
A Reduced financial inclusion
B Increased financial inclusion
C No impact on financial inclusion
D Exclusion of rural populations
55.
This milestone signifies India's progress in building a robust:
A Agricultural economy
B Industrial economy
C Digital economy
D Service-based economy only
56.
The expansion of digital payment infrastructure includes:
A Reduction in POS terminals
B Proliferation of point-of-sale (POS) terminals and mobile banking services
C Limited internet access
D Focus on cash-based transactions
57.
What are the key reasons for the growing preference for cashless transactions?
A Inconvenience, slowness, and insecurity
B Convenience, speed, and security
C High transaction fees and complexity
D Limited accessibility and outdated technology
58.
The Unified Payments Interface (UPI) is highlighted as a:
A Barrier to cashless transactions
B Game-changer for seamless payments
C System for cash withdrawals only
D Platform for international money transfers only
59.
Which government initiative is credited with driving the adoption of digital payment systems?
A Make in India
B Digital India program
C Skill India
D Swachh Bharat Abhiyan
60.
What significant milestone has India achieved in digital payments during FY 2025-26?
A 50 billion transactions
B 75 billion transactions
C 100 billion transactions
D 125 billion transactions
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