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Banking & Finance MCQs - 2026-04-04

1.
The implementation of Project Vahan aligns with which broader government initiative?
A Make in India
B Digital India
C Skill India
D Startup India
2.
How does Project Vahan benefit lenders in the vehicle loan sector?
A It increases their operational costs.
B It reduces the risk of loan defaults due to fraud and improves asset quality.
C It limits their ability to offer new loans.
D It mandates manual processing of all loan applications.
3.
What key information can lenders verify in real-time through Project Vahan?
A Borrower's credit score only.
B Vehicle registration details, ownership, and hypothecation status.
C Insurance policy validity only.
D Manufacturer's warranty status.
4.
Project Vahan integrates with which national platform for real-time verification of vehicle details?
A Aadhaar
B PAN
C VAHAN
D DigiLocker
5.
What is the primary objective of RBI's 'Project Vahan'?
A To increase the interest rates on vehicle loans.
B To streamline and secure the vehicle loan ecosystem by enhancing transparency and preventing fraud.
C To promote the use of electric vehicles only.
D To reduce the number of vehicle loan applications.
6.
The development of the e-Rupee positions India as a leader in which area of financial technology?
A Traditional banking systems.
B Central Bank Digital Currencies (CBDCs).
C Stock market trading platforms.
D Insurance product development.
7.
What potential benefit does the 'programmability' feature of the e-Rupee offer?
A Allowing unlimited money printing.
B Enabling conditional payments for welfare schemes and subsidies.
C Facilitating anonymous transactions.
D Reducing the need for internet connectivity.
8.
The RBI is exploring interoperability between the e-Rupee and which popular existing payment system?
A NEFT
B RTGS
C IMPS
D UPI
9.
Which of the following is a new use case being tested in the expanded pilot phase of the e-Rupee?
A Issuance of physical currency.
B Cross-border payments and remittances.
C Trading of cryptocurrencies.
D Offline cash withdrawals from ATMs.
10.
What is the official name of India's Central Bank Digital Currency (CBDC) being piloted by the RBI?
A Digital Rupee
B e-Rupee
C Bharat Coin
D Digital India Currency