Economy & Business Current Affairs MCQs

1.

Which of the following is NOT typically a primary driver for the increased adoption of digital payments during India's festive season?

A Convenience and speed of transactions.

B Increased online shopping and e-commerce activities.

C Government mandates for all transactions to be digital.

D Growing consumer trust in digital payment security.

2.

What is a key factor contributing to the surge in digital payments during the festive season in India, as observed in 2026?

A Increased availability of cash at ATMs.

B Promotional offers and discounts by payment providers and merchants.

C A decline in internet penetration.

D Reduced government initiatives promoting digital transactions.

3.

During the festive season of 2026, which category of digital payments witnessed the most significant surge in transaction volume and value in India?

A NEFT (National Electronic Funds Transfer) transfers.

B UPI (Unified Payments Interface) transactions.

C RTGS (Real-Time Gross Settlement) transfers.

D Demand Drafts and Cheques.

4.

In the context of RBI's cautious inflation stance in 2026, what does 'upside risks to food prices' generally refer to?

A A decrease in agricultural production due to favorable weather conditions.

B Potential for food inflation to rise above projected levels due to factors like erratic monsoons or supply chain disruptions.

C Government subsidies leading to lower food prices.

D Increased global supply of food grains.

5.

Which monetary policy tool is most frequently used by the RBI to manage liquidity and influence inflation expectations, aligning with its cautious stance?

A Open Market Operations (OMOs).

B Cash Reserve Ratio (CRR).

C Statutory Liquidity Ratio (SLR).

D Repo Rate.

6.

As of late 2026, what is the primary reason cited by the Reserve Bank of India (RBI) for maintaining a cautious stance on inflation, despite potential growth pressures?

A Persistent core inflation and upside risks to food prices.

B A sharp decline in global commodity prices.

C The need to stimulate export growth through lower interest rates.

D Anticipation of a significant slowdown in the services sector.

Economy & Business MCQs - 2026-10-20