RBI Economic Forecast & Digital Payments MCQs

1.

What does UPI stand for in the context of digital payments?

A Unified Payment Interface

B Universal Payment Initiative

C United Payments Integration

D Unique Payment Identifier

2.

What trend is observed in digital payments according to the given topic?

A A decline in transactions

B Stagnation in growth

C A continuous surge

D A shift to cash payments

3.

Which specific digital payment system is highlighted for reaching new milestones in transactions?

A NEFT

B RTGS

C UPI

D IMPS

4.

What does 'inflation moderation' generally imply for the economy?

A Prices are rising at a faster rate

B Prices are falling rapidly

C Prices are still rising, but at a slower pace

D Prices have stabilized completely

5.

In light of the expected inflation moderation, what action did the RBI take regarding the repo rate?

A Increased the repo rate

B Decreased the repo rate

C Kept the repo rate unchanged

D Introduced a new lending rate

6.

What is the Reserve Bank of India's (RBI) expected inflation rate for the financial year 2024-25 (FY25)?

A 4.0%

B 4.5%

C 5.0%

D 5.5%

7.

The RBI's projection of 7.2% GDP growth is for which specific financial year?

A FY24

B FY25

C FY26

D FY23

8.

According to the RBI, what is the primary factor contributing to the projected 7.2% GDP growth for FY25?

A Increased exports

B Strong domestic demand

C Foreign direct investment

D Government spending cuts

9.

What is the Reserve Bank of India's (RBI) projected GDP growth rate for the financial year 2024-25 (FY25)?

A 6.8%

B 7.0%

C 7.2%

D 7.5%

Economy & Business MCQs - 2026-06-13