MCQs 2026

Profit After Tax (PAT) is a key indicator of a company's bottom-line profitability and is closely watched by investors.

In India, the financial year runs from April to March, making the fourth quarter (Q4) the period from January to March.

Food and fuel prices are highly volatile and significantly impact the CPI basket, leading to fluctuations in retail inflation.

The RBI is mandated to maintain retail inflation at 4% with a tolerance band of +/- 2%.

The Consumer Price Index (CPI) is the primary measure of retail inflation in India, released by the National Statistical Office (NSO).

The development of 'BRICS Pay' is often seen as an effort to create an alternative to the SWIFT (Society for Worldwide Interbank Financial Telecommunication) system, which is largely controlled by Western nations and has been used for sanctions.

'BRICS Pay' is a key initiative in the BRICS bloc's efforts towards financial de-dollarization, aiming to reduce the dominance of the US dollar in international trade and strengthen the role of member countries' national currencies.

'BRICS Pay' aims to create an independent payment system that allows member countries to conduct cross-border transactions directly in their local currencies, reducing reliance on the US dollar and Western financial infrastructure like SWIFT.

The 'Uniting for Consensus' (UfC) group, led by Italy and including countries like Pakistan, South Korea, Canada, and Spain, opposes the creation of new permanent seats and instead advocates for an increase in non-permanent seats with longer terms.

The G4 nations advocate for an expansion of the UN Security Council in both the permanent and non-permanent categories, arguing that the current structure does not reflect the geopolitical realities of the 21st century.