MCQs - 2026-06

The current base year for the Index of Industrial Production (IIP) in India is 2011-12.

The Index of Industrial Production (IIP) is compiled and published by the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation.

The Governor of the Reserve Bank of India serves as the ex-officio Chairperson of the Monetary Policy Committee.

The MPC consists of six members: three from the RBI and three appointed by the Central Government.

The RBI's Monetary Policy Committee has kept the repo rate unchanged at 6.5% to ensure inflation aligns with the target while supporting growth.

A primary objective of resuming FTA negotiations is to create a more favorable and predictable business environment by harmonizing regulations, reducing trade barriers, and facilitating investment, thereby boosting bilateral trade and economic cooperation.

Non-tariff barriers, such as differing regulatory standards, technical regulations, and sanitary and phytosanitary measures, along with issues like visa facilitation, are often significant hurdles in trade agreements.

The India-EU FTA negotiations are comprehensive, covering trade in goods and services, investment, intellectual property, digital trade, and increasingly, aspects of sustainable development and environmental cooperation.

Countries aspiring for permanent UNSC seats often highlight their substantial contributions to UN peacekeeping, their economic influence, and their commitment to multilateralism as justifications.

The G4 nations (Brazil, Germany, India, and Japan) are a group of four countries that seek to expand the permanent membership of the UN Security Council and are candidates for permanent seats.