MCQs 2026

The Defence Research and Development Organisation (DRDO) successfully conducted the flight test of its long-range hypersonic missile system in 2026.

The Varuna series of exercises is traditionally conducted in the Indian Ocean Region to ensure a free, open, and inclusive Indo-Pacific.

The Varuna exercise aims to strengthen the strategic partnership by enhancing interoperability, sharing best practices, and improving maritime security cooperation in the Indian Ocean Region.

The 25th edition of the Varuna naval exercise between the Indian Navy and the French Navy concluded in 2026, marking a significant milestone in maritime cooperation.

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The primary mandate of the RBI, as per the RBI Act, 1934, is to maintain price stability while keeping in mind the objective of growth. In July 2026, controlling inflation within the target band (typically 4% +/- 2%) and ensuring financial stability remain paramount.

The RBI's Monetary Policy Committee, in its July 2026 meeting, decided to keep the policy repo rate unchanged at 6.50%. This decision aligns with the calibrated tightening stance, aiming to anchor inflation expectations while supporting growth.

As of July 2026, the RBI's Monetary Policy Committee (MPC) has maintained a stance of 'Calibrated Tightening'. This approach aims to balance the need to control inflation, which might still be above the desired target, with the objective of not stifling economic growth.