MCQs 2026

The Monetary Policy Committee (MPC) is a statutory body under the RBI Act, 1934, tasked with maintaining price stability.

Core inflation excludes volatile components like food and fuel to provide a clearer picture of long-term price trends.

The Joint Comprehensive Plan of Action (JCPOA), a landmark agreement aimed at preventing Iran from developing nuclear weapons in exchange for sanctions relief, was signed in July 2015 between Iran and the P5+1 group (China, France, Germany, Russia, United Kingdom, United States), plus the European Union.

The United Nations, through numerous resolutions and statements, has consistently supported the "two-state solution" as the framework for resolving the Israeli-Palestinian conflict, envisioning an independent Palestinian state alongside Israel. While the EU and Arab League also support it, the UN is the most prominent international body advocating for it.

The Abraham Accords were a series of peace agreements signed in 2020, primarily brokered by the United States under the Trump administration, leading to the normalization of relations between Israel and the United Arab Emirates, Bahrain, Sudan, and Morocco.

The second Ministerial meeting of the India-EU TTC was held in New Delhi in January 2024, co-chaired by External Affairs Minister S. Jaishankar, Commerce and Industry Minister Piyush Goyal, and Minister of State for Electronics and Information Technology Rajeev Chandrasekhar from the Indian side, and Executive Vice-Presidents Valdis Dombrovskis and Margrethe Vestager from the EU side. The first meeting was in Brussels in May 2023.

The three working groups are: 1. Strategic Technologies, Digital Governance and Digital Connectivity; 2. Green and Clean Energy Technologies; 3. Trade, Investment and Resilient Value Chains. Defence and Security Cooperation is not a formal working group under TTC.

The India-EU TTC was launched by Prime Minister Narendra Modi and European Commission President Ursula von der Leyen in April 2022 in New Delhi.