Digital Finance MCQ — 2 Practice Questions with Answers

Digital Finance is a Indian Economy topic in the RAS/RPSC syllabus. This page gathers exam-style Digital Finance multiple-choice questions with correct answers and explanations, so aspirants can test recall and revise frequently examined concepts.

Practice 2 Digital Finance multiple-choice questions with detailed answers and explanations. Ideal for RAS/RPSC exam preparation.

2 Questions Indian Economy

Reviewed by: Aspirant Academy Editorial Team

Q1. Consider the following statements regarding the Jan Samarth Portal of the Government of India: 1. It was launched on 6 June 2022 as Indias first unified national portal for credit-linked government schemes. 2. As of 1 June 2026, the portal supports 16 credit-linked central schemes and has 269 member lending institutions onboarded. Which of the statements given above is/are correct?

A Both 1 and 2 Correct

B 1 only

C 2 only

D Neither 1 nor 2

Explanation

Both statements are correct. Jan Samarth was launched on 6 June 2022 by Prime Minister Narendra Modi as Indias first national portal connecting beneficiaries to 16 credit-linked central schemes through a single window, with 269 lending institutions onboarded as of 1 June 2026.

Q2. With reference to the Jan Samarth Portal as on its fourth anniversary on 6 June 2026, consider the following statements: 1. The portal disbursed loans of more than Rupees ten lakh crore in its first four years. 2. The portal integrates with Aadhaar, PAN, GSTN, Udyam, DigiLocker and Account Aggregator stacks for digital verification. Which of the statements given above is/are correct?

A 1 only

B 2 only Correct

C Both 1 and 2

D Neither 1 nor 2

Explanation

Statement 1 is wrong: as of 1 June 2026, digital approvals were Rupees 2,76,493.78 crore (not over Rupees 10 lakh crore). Statement 2 is correct: Jan Samarth integrates with Aadhaar, PAN, GSTN, Udyam, DigiLocker and Account Aggregator stacks to enable paperless onboarding and eligibility checks.

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Frequently Asked Questions

How many Digital Finance MCQ questions are available?

There are 2 Digital Finance practice MCQs available on Aspirant Academy, with detailed answers and explanations for each question.

Are answers and explanations provided for Digital Finance MCQs?

Yes, every Digital Finance question comes with the correct answer and a detailed explanation to help you understand the underlying concept.

How is Digital Finance relevant to the RAS/RPSC exam?

Digital Finance falls under the Indian Economy section of the RAS/RPSC syllabus. It is a frequently tested area and regular practice with these MCQs will strengthen your preparation.

Can I practice Digital Finance questions in Hindi?

Yes, Aspirant Academy offers bilingual support. You can practice Digital Finance MCQs in both English and Hindi, including questions, options, and explanations.

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