MCQs - 2026-04

The Union Cabinet has approved the National Deep Sea Mining Policy.

The policy is expected to boost India's resource security and reduce dependence on imports for critical minerals.

The policy focuses on polymetallic nodules, cobalt-rich ferromanganese crusts, and hydrothermal sulphides.

The policy aims to harness India's potential in deep sea mining, focusing on the exploration and extraction of polymetallic nodules, cobalt-rich ferromanganese crusts, and hydrothermal sulphides.

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) decides on the policy repo rate.

The decision to hold the repo rate steady means that borrowing costs for consumers and businesses will remain at current levels for the immediate future.

The RBI's stated objective is the withdrawal of accommodation to ensure inflation progressively aligns with the target while supporting growth.

This marks the eighth consecutive meeting where the MPC has maintained the status quo on the policy repo rate.

The Reserve Bank of India's Monetary Policy Committee (MPC) has kept the policy repo rate unchanged at 6.5%.

While overall inflation eased, inflation in certain categories like housing and clothing remained elevated.