MCQs 2026

Maintaining stance implies that the RBI is continuing with its current policy approach, balancing growth and inflation concerns without significant changes.

The RBI expects inflation to moderate to 4.5% in FY25.

The projection of 7.2% GDP growth is specifically for Fiscal Year 2025.

The RBI cited robust domestic demand as the primary reason for the projected GDP growth.

The RBI has projected a GDP growth rate of 7.2% for Fiscal Year 2025.

A fundamental goal of strengthening trade ties is typically to reduce tariffs, eliminate non-tariff barriers, and streamline trade processes to facilitate greater commerce.

Strengthening trade ties between major economies like the US and EU is primarily aimed at fostering economic growth, recovery, and stability globally.

The topic explicitly states that the US and EU strengthened their trade ties ahead of the G7 Summit 2026.

G7 is an acronym for 'Group of Seven', representing the seven major advanced economies.

The G7 consists of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. Russia was suspended from the group (formerly G8) in 2014.