MCQs - 2026-05

The repo rate is a key monetary policy instrument used by the RBI to influence interest rates and manage inflation.

The RBI decided to maintain the repo rate at 6.5% in early 2026, balancing growth and inflation concerns.

A PMI of 58.8 indicates a significant increase in manufacturing output, new orders, and employment, reflecting strong economic growth.

A PMI reading above 50 indicates expansion, while a reading below 50 suggests contraction. The April 2026 reading of 58.8 clearly shows expansion.

India's Manufacturing PMI reached 58.8 in April 2026, signifying robust growth in the manufacturing sector.

The UN Security Council has five permanent members: China, France, Russia, the United Kingdom, and the United States. Each of these members holds veto power, allowing them to block any substantive resolution.

UN Security Council resolutions concerning regional stability, especially in conflict-prone areas like the Middle East, frequently focus on de-escalating violence, ensuring humanitarian aid delivery, and protecting civilians.

The UN Security Council is primarily responsible for maintaining international peace and security. Its resolutions on regional stability often involve authorizing peacekeeping operations, imposing sanctions, or calling for ceasefires to prevent or resolve conflicts.

The G7 comprises Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. The European Union is also a 'non-enumerated member'. India is often invited as an outreach partner but is not a permanent member.

Recent G7 Summits have consistently focused on supporting Ukraine against Russian aggression, including through financial aid, military support, and imposing sanctions on Russia, which directly impacts global economic stability and resilience.