MCQs 2026

The Repo Rate is a key monetary policy tool used by the RBI. By adjusting the repo rate, RBI influences the cost of borrowing for commercial banks, thereby impacting interest rates in the economy and controlling inflation and liquidity.

Maintaining status quo on the repo rate means the Reserve Bank of India has decided to keep the rate unchanged. This decision is often taken to balance inflation concerns with the need to support economic growth.

The Gram Sabha is the primary forum for social audits to ensure transparency and accountability in MGNREGA implementation.

If employment is not provided within 15 days of the application for work, the applicant is entitled to a daily unemployment allowance.

MGNREGA guarantees at least 100 days of wage employment in a financial year to every household whose adult members volunteer to do unskilled manual work.

Mudra loans are provided for non-farm, income-generating activities in the manufacturing, trading, and services sectors.

The 'Tarun' category covers loans above Rs. 5,00,000 and up to Rs. 10,00,000.

The 'Shishu' category covers loans up to Rs. 50,000 for micro-units.

NHM aims to reduce MMR and IMR, provide universal access to healthcare, and control both communicable and non-communicable diseases.

ASHA stands for Accredited Social Health Activist, who acts as an interface between the community and the public health system.