MCQs 2026

A domestic system like NavIC ensures strategic autonomy and reduces dependence on foreign systems, which is crucial for national security and critical infrastructure management.

NavIC (Navigation with Indian Constellation) is an independent regional navigation satellite system developed and operated by the Indian Space Research Organisation (ISRO).

The next-generation satellites are designed to enhance the performance of NavIC, improving its accuracy, reliability, and signal strength, thereby strengthening India's indigenous navigation capabilities.

The Repo Rate is a key policy rate set by the RBI that influences short-term interest rates and liquidity in the banking system, thereby impacting monetary policy transmission.

A 'hawkish' stance signifies the RBI's concern about rising inflation, leading it to consider tighter monetary measures to control price pressures.

The monetary policy stance reflects the RBI's current view on the economy and its intended policy actions, such as adjusting interest rates, to achieve its objectives.

Food and Beverages often constitute the largest component of the CPI basket in India due to its significant share in household consumption, making it a major driver of retail inflation.

The RBI's primary mandate is to maintain price stability, which involves keeping inflation within a flexible target range set in consultation with the Government of India.

The Consumer Price Index (CPI) is the primary measure of retail inflation in India, reflecting changes in the prices of a basket of goods and services consumed by households.

Deepening bilateral ties between major economies typically aims to enhance economic cooperation, political alignment, and address shared challenges.