MCQs on Economy & Business Current Affairs (May 2026)

Name: MockPreps
Address: IN

1.

Which of the following is a key objective of the EU's digital trade strategy?

A Promoting digital sovereignty and consumer protection

B Increasing tariffs on all digital imports

C Banning all foreign digital services

D Eliminating all data privacy laws

2.

The EU's Digital Markets Act (DMA) primarily targets which category of companies?

A Small and Medium Enterprises (SMEs)

B Gatekeeper platforms

C Government-owned tech firms

D Non-profit research organizations

3.

What is the primary regulation governing digital services and trade within the European Union?

A Digital Services Act (DSA)

B General Data Protection Regulation (GDPR)

C Digital Markets Act (DMA)

D Both A and C

4.

Which island nation is the Maldives located in, making it a strategic partner for India's 'SAGAR' vision?

A Pacific Ocean

B Indian Ocean

C Atlantic Ocean

D Arctic Ocean

5.

What is the primary objective of the 'India First' policy adopted by the Maldives in recent diplomatic shifts?

A To prioritize security and development cooperation with India

B To restrict Indian naval presence in the Indian Ocean

C To seek financial aid exclusively from Western nations

D To terminate all existing bilateral trade agreements

6.

Which initiative was launched by India and the Maldives to enhance connectivity through the Greater Male Connectivity Project (GMCP)?

A India-Maldives Friendship Bridge

B Connectivity Corridor Initiative

C Maritime Silk Route

D Blue Economy Partnership

7.

Which aspect of environmental protection is typically evaluated during the EIA process for infrastructure projects?

A Only the financial viability of the project

B Impact on biodiversity, air and water quality, and local communities

C The architectural design of the infrastructure

D The historical significance of the project site

8.

Why is the Supreme Court's mandate for stricter EIA considered important for infrastructure projects?

A To prioritize economic growth over environmental protection

B To ensure that environmental concerns are adequately addressed

C To expedite the approval process for all projects

D To reduce the scope of environmental regulations

9.

What has the Supreme Court recently mandated regarding Environmental Impact Assessment (EIA) for infrastructure projects?

A Relaxation of EIA norms for faster project clearance

B Stricter adherence to EIA procedures and guidelines

C Exemption of certain projects from EIA requirements

D Reduced public consultation period in EIA process

10.

Which government body is overseeing the expansion of telemedicine and AI diagnostics under the ABDM?

A Ministry of Electronics and Information Technology (MeitY)

B National Health Authority (NHA)

C Ministry of Science and Technology

D NITI Aayog

MCQs 2026