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MCQs 2026

121.
Who decides on 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) of the RBI
D The NITI Aayog
122.
What is the likely impact of maintaining the repo rate on borrowing costs?
A Borrowing costs are expected to decrease.
B Borrowing costs will remain at current levels.
C Borrowing costs are expected to increase significantly.
D The repo rate decision does not affect borrowing costs.
123.
What is the primary objective stated by the RBI for maintaining the current repo rate and stance?
A To stimulate rapid economic growth
B To reduce the fiscal deficit
C To ensure inflation progressively aligns with the target while supporting growth
D To encourage foreign investment
124.
For how many consecutive meetings has the RBI maintained the repo rate at its current level?
A Six
B Seven
C Eight
D Nine
125.
What is the current policy repo rate maintained by the RBI?
A 6.00%
B 6.25%
C 6.50%
D 6.75%
126.
Which of the following remained elevated despite the overall easing of inflation in March 2024?
A Food prices
B Fuel prices
C Housing and clothing inflation
D Transportation costs
127.
What is a potential impact of moderating inflation on monetary policy?
A It may lead to an increase in the policy repo rate.
B It strengthens the case for maintaining an accommodative stance.
C It necessitates a tightening of monetary policy.
D It has no significant impact on monetary policy.
128.
What is the primary indicator used to measure India's retail inflation?
A Wholesale Price Index (WPI)
B Gross Domestic Product (GDP)
C Consumer Price Index (CPI)
D Index of Industrial Production (IIP)
129.
Which category primarily contributed to the easing of inflation in March 2024?
A Housing
B Clothing
C Food and beverages
D Fuel and light
130.
What was India's retail inflation rate in March 2024?
A 5.09%
B 4.83%
C 4.50%
D 5.25%