MCQs 2026

The Indian Space Research Organisation (ISRO) is the primary space agency of the Government of India responsible for the development of space technology and the operation of its space program, including the NavIC system.

The second-generation NavIC satellites, including NVS-03, are designed with enhanced features such as increased power generation capacity and improved search and rescue transponders, contributing to a longer mission life and better performance.

NavIC is India's own regional navigation satellite system, providing accurate positioning and timing services within India and a region extending up to 1500 km from its borders. NVS-03 is part of the second-generation satellites for this system.

Most international agencies and analysts expect India to continue its robust growth trajectory, outperforming many other major economies.

Sustained government capital expenditure on infrastructure and other development projects is a major driver of India's economic resilience.

The World Bank, in its latest Global Economic Prospects report, projected India's GDP growth at 6.7% for FY25, highlighting strong domestic demand.

The RBI follows the recommendations of the Bimal Jalan Committee on the economic capital framework for determining its surplus transfer to the government.

The RBI's central board approved a record surplus transfer of ₹2.10 lakh crore to the Central Government for the fiscal year 2023-24.

The agreement includes comprehensive chapters on IPR, sustainable development, and digital trade to ensure fair competition.