MCQs - 2026-06

The RBI maintains the repo rate to balance inflation control while ensuring adequate liquidity to support economic growth.

The Monetary Policy Committee (MPC) is a statutory body under the RBI Act, 1934, responsible for fixing the benchmark interest rate in India.

Reports indicated that Italy and Japan deepened their bilateral cooperation and strategic partnership in the lead-up to the G7 Summit.

The strengthened ties aim to enhance cooperation on global issues, including economic security, energy, and technology, aligning their positions for the G7 discussions.

Italy and Japan deepened their bilateral ties, focusing on strategic partnership and cooperation across various sectors, ahead of the G7 Summit.

The G7 members are Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States. Russia was part of the G8 but was suspended in 2014.

The G7 Summit in Italy focused on critical global issues, particularly global economic stability and security, as well as conflicts like the war in Ukraine and the situation in the Middle East.

The recent G7 Summit was held in Apulia, Italy, from June 13-15, 2024.

The 2.0 version emphasizes stronger industry partnerships to ensure better employment outcomes for trainees.

The Ministry of Skill Development and Entrepreneurship (MSDE) is the nodal ministry for this initiative.