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MCQs 2026

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71.
Which of the following sub-sectors is a major driver of growth within India's services sector?
A Agriculture and allied activities
B Mining and quarrying
C Information Technology (IT) and Business Process Management (BPM)
D Manufacturing of heavy machinery
72.
Approximately what percentage of India's Gross Value Added (GVA) is contributed by the services sector?
A Less than 20%
B Around 30-40%
C More than 50%
D Exactly 25%
73.
Which of the following is a key tool used by the RBI for inflation management?
A Fiscal policy adjustments by the government.
B Direct control over food prices.
C Repo Rate and Cash Reserve Ratio (CRR).
D Subsidies for essential goods.
74.
What is the primary objective of the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC)?
A To manage the government's fiscal deficit.
B To maintain price stability while keeping in mind the objective of growth.
C To regulate the stock market operations.
D To provide direct loans to commercial banks.
75.
When the RBI maintains a 'status quo' on monetary policy, what does it primarily imply?
A It increases the key policy rates to curb inflation.
B It decreases the key policy rates to boost economic growth.
C It keeps the key policy rates, such as the Repo Rate, unchanged.
D It introduces new liquidity measures to support banks.
76.
Which international organization often provides projections for India's GDP growth amidst global economic scenarios?
A World Health Organization (WHO)
B International Monetary Fund (IMF)
C North Atlantic Treaty Organization (NATO)
D Organization of the Petroleum Exporting Countries (OPEC)
77.
What does 'global economic headwinds' primarily refer to in the context of India's growth prospects?
A Favorable international trade agreements
B Increased global demand for Indian goods
C Factors like geopolitical tensions, high inflation in major economies, and supply chain disruptions
D Stable international crude oil prices
78.
Despite global economic headwinds, India's GDP is projected for strong growth. Which of the following is a key factor contributing to India's economic resilience?
A High dependence on exports to developed nations
B Robust domestic demand and government capital expenditure
C Significant increase in foreign direct investment in manufacturing only
D Decline in agricultural output due to climate change
79.
The G7 presidency rotates annually among its members. Who holds the presidency in 2024?
A Germany
B Japan
C Italy
D Canada
80.
What is the primary focus of G7 Foreign Ministers' meetings regarding global security?
A Setting global interest rates
B Addressing geopolitical crises and regional stability
C Managing international space exploration
D Regulating global sports events