MCQs 2026

The retail e-Rupee (e₹-R) is designed for use by the general public for day-to-day retail transactions.

The e-Rupee is a Central Bank Digital Currency (CBDC), which is a digital form of currency notes issued by the RBI.

The primary mandate of the MPC is to maintain price stability while keeping in mind the objective of growth.

The MPC consists of six members: three from the RBI and three appointed by the Central Government.

The RBI's Monetary Policy Committee has maintained the repo rate at 6.50% to ensure inflation aligns with the target while supporting growth.

The scheme specifically targets the youth population, aiming to equip them with entrepreneurial skills and opportunities to contribute to economic growth.

The Ministry of Skill Development and Entrepreneurship (MSDE) is the nodal ministry responsible for conceptualizing and implementing schemes aimed at enhancing skills and promoting entrepreneurship in India.

The PMKUY aims to foster entrepreneurship among the youth by providing them with necessary skills, training, and support systems to start and manage their own ventures.

The scheme excludes institutional landholders, farmer families holding constitutional posts, serving or retired officials of Central/State government ministries/departments and their field offices, and those who have paid income tax in the last assessment year.

Eligible farmer families receive ₹6,000 per year, distributed in three equal installments of ₹2,000 each.