MCQs - 2026-05

PLI stands for Production Linked Incentive, a scheme designed to boost domestic manufacturing and attract foreign investment by providing incentives on incremental sales of manufactured goods.

While domestic agricultural output is crucial for inflation, it is considered a domestic factor rather than a 'global headwind' that originates from international economic or political events.

The primary mandate of the MPC is to determine the policy repo rate required to effectively control inflation, while ensuring that its actions support the objective of economic growth.

The MPC decided to keep the policy repo rate unchanged at 6.5% in its recent meeting, maintaining the status quo.

Geopolitical conflicts, supply chain disruptions, and persistent inflation are major factors contributing to global economic uncertainty and moderating growth.

The World Economic Outlook (WEO) is a survey by the IMF staff usually published twice a year, in the spring and fall, that presents the IMF staff's analysis and projections of global economic developments.

The IMF's primary mission is to ensure the stability of the international monetary system, which includes fostering global monetary cooperation, securing financial stability, facilitating international trade, promoting high employment and sustainable economic growth, and reducing poverty around the world.

The International Health Regulations (2005) are an international legal instrument that is legally binding on 196 countries, including all WHO Member States.

Global Health Security Reports typically assess countries' capacities to prevent, detect, and respond to infectious disease threats and other health emergencies.

The WHO's constitution states its objective as "the attainment by all peoples of the highest possible level of health."