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MCQs 2026

291.
For competitive exams, understanding the drivers of export growth is important. Which of the following is NOT a direct driver of merchandise export growth?
A Increased global demand
B Improved manufacturing competitiveness
C Favorable trade agreements
D Rising domestic interest rates
292.
Which of the following factors can make Indian goods more attractive to international buyers?
A Appreciation of the Indian Rupee
B Depreciation of the Indian Rupee
C Increase in domestic production costs
D Imposition of higher export duties
293.
A robust performance in merchandise exports is beneficial for a country's economy primarily because it:
A Increases the fiscal deficit
B Reduces foreign exchange reserves
C Improves the trade balance and current account deficit
D Leads to higher inflation
294.
The 'Make in India' and Production Linked Incentive (PLI) schemes are primarily aimed at boosting:
A Import substitution
B Domestic consumption
C Manufacturing and exports
D Service sector growth
295.
Which of the following sectors has been a significant contributor to the recent surge in India's merchandise exports?
A Agriculture and allied products only
B Engineering goods, electronics, and pharmaceuticals
C Raw materials and basic commodities
D Handicrafts and traditional arts
296.
Which of the following is a potential upside risk to inflation that the RBI would consider when setting monetary policy?
A Falling global crude oil prices
B Stronger global supply chains
C Increased domestic agricultural output
D Rising global commodity prices
297.
The RBI's policy stance of 'withdrawal of accommodation' indicates:
A An aggressive easing of monetary policy
B A gradual tightening of liquidity conditions
C A focus solely on increasing inflation
D A complete halt to lending activities
298.
If the RBI maintains the repo rate, what is the immediate implication for borrowing costs for commercial banks?
A Borrowing costs will significantly decrease.
B Borrowing costs will remain largely unchanged.
C Borrowing costs will significantly increase.
D Borrowing costs will become zero.
299.
The RBI's primary mandate regarding inflation is to keep it within the target band of:
A 0-4%
B 2-6%
C 3-7%
D 4-8%
300.
What is the likely stance of the RBI's Monetary Policy Committee (MPC) on key policy rates in April 2026, given current economic conditions?
A Significant increase in repo rate
B Significant decrease in repo rate
C Maintain status quo on repo rate
D Abolish the repo rate