Current Affairs & MCQs
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MCQs 2026

391.
Which body is responsible for setting the policy repo rate in India?
A The Ministry of Finance.
B The Securities and Exchange Board of India (SEBI).
C The Monetary Policy Committee (MPC).
D The NITI Aayog.
392.
The primary objective of the Reserve Bank of India (RBI) as per its mandate is to:
A Maximize economic growth at all costs.
B Maintain price stability while keeping in mind the objective of growth.
C Ensure a fixed exchange rate for the Indian Rupee.
D Regulate the stock market exclusively.
393.
The target fiscal deficit of 4.5% of GDP by FY26 is significant for India primarily because it:
A Guarantees immediate economic growth of 10% annually.
B Signals fiscal discipline to investors and rating agencies.
C Eliminates the need for any government borrowing.
D Leads to a complete removal of indirect taxes.
394.
Which of the following is a key strategy for the Indian government to achieve its fiscal consolidation targets?
A Increasing non-essential government expenditure.
B Reducing tax compliance and revenue collection.
C Improving tax compliance and managing expenditure prudently.
D Increasing reliance on deficit financing without any revenue augmentation.
395.
A reduction in India's fiscal deficit is likely to lead to:
A Increased inflation and higher interest rates.
B Reduced government borrowing and potentially lower interest rates.
C Decreased foreign direct investment.
D Higher taxes on essential goods.
396.
What does a fiscal deficit represent?
A The total revenue of the government in a financial year.
B The difference between government expenditure and its total revenue (excluding borrowings).
C The amount of money borrowed by the government from foreign countries.
D The surplus generated by public sector undertakings.
397.
Which of the following is the primary objective of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003?
A To increase government spending on infrastructure.
B To reduce the fiscal deficit and manage government debt.
C To privatize loss-making public sector undertakings.
D To implement a Goods and Services Tax (GST).
398.
The initiative plans to provide support to low- and middle-income countries to build their:
A Manufacturing capacity for vaccines
B National surveillance capacities
C Pharmaceutical research laboratories
D Public health awareness campaigns
399.
Antimicrobial Resistance (AMR) is identified by the WHO as:
A A minor public health concern
B A regional health issue
C One of the top 10 global public health threats
D Primarily an economic problem
400.
Which of the following is a key objective of the Global Initiative for AMR Surveillance?
A To reduce the cost of antimicrobial medicines
B To enable quicker identification of emerging AMR threats
C To promote the use of broad-spectrum antibiotics
D To limit international travel to prevent disease spread