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MCQs - 2026-03

221.
The RBI is closely monitoring the ______ of the e-INR in its wholesale use cases.
A Profitability
B Market share
C Performance, security, and scalability
D Advertising reach
222.
The e-INR aims to improve the ______ and ______ of wholesale financial markets.
A Complexity; cost
B Efficiency; transparency
C Volatility; risk
D Regulation; oversight
223.
What is a potential benefit of e-INR in cross-border transactions?
A Increased transaction costs.
B Slower settlement times.
C Faster settlement times.
D Greater reliance on correspondent banks.
224.
The pilot program is being conducted in a:
A Single, large-scale launch.
B Phased manner with continuous evaluation.
C Experimental phase with no clear timeline.
D Limited geographical region only.
225.
The e-INR is a form of:
A Private cryptocurrency.
B Central Bank Digital Currency (CBDC).
C Decentralized autonomous organization (DAO).
D Stablecoin.
226.
The expansion of the e-INR pilot to wholesale markets is expected to potentially:
A Increase inflation.
B Revolutionize India's financial infrastructure.
C Reduce the need for digital payments.
D Limit cross-border trade.
227.
Who are the primary participants in the expanded e-INR pilot program for wholesale transactions?
A Individual consumers and small businesses.
B Select commercial banks and financial institutions.
C Foreign exchange traders only.
D Technology startups developing blockchain solutions.
228.
What is a key objective of introducing e-INR for wholesale transactions?
A To increase the use of physical cash.
B To reduce settlement times and minimize counterparty risk.
C To encourage speculative trading in digital assets.
D To decrease the role of commercial banks.
229.
Which entity is responsible for the digital rupee (e-INR) pilot program in India?
A Securities and Exchange Board of India (SEBI)
B Ministry of Finance
C Reserve Bank of India (RBI)
D National Payments Corporation of India (NPCI)
230.
What is the primary focus of the recent expansion of India's digital rupee (e-INR) pilot program?
A Retail consumer payments.
B Wholesale transactions and interbank settlements.
C International currency exchange.
D Cryptocurrency trading.