MCQs 2026

Repo Rate, CRR, and SLR are quantitative tools that directly affect the quantity of money and credit in the economy. Moral Suasion is a qualitative tool, where the RBI persuades banks to follow its directives without direct quantitative measures.

Maintaining the Repo Rate amidst stable inflationary trends typically signals a neutral or wait-and-watch stance by the RBI, indicating that current economic conditions do not warrant a change in policy rates.

The primary objective of the Monetary Policy Committee (MPC) is to maintain price stability while keeping in mind the objective of growth. It is mandated to keep inflation within a target band.

GDP is typically calculated using the expenditure approach: GDP = Consumption + Investment + Government Spending + (Exports - Imports). Therefore, private consumption, government expenditure, and net exports are all major components.

Sustained GDP growth momentum generally indicates economic expansion, increased production, higher income levels, and potentially improved living standards for the population.

The National Statistical Office (NSO), under the Ministry of Statistics and Programme Implementation (MoSPI), is primarily responsible for compiling and releasing India's GDP data.

A key proposal during the 2026 UN Security Council discussions was to increase humanitarian aid and ensure safe passage for food supplies to reach vulnerable populations affected by the crisis, addressing immediate needs.

The Food and Agriculture Organization (FAO) is the UN agency dedicated to achieving food security for all and leads efforts to defeat hunger. It is central to discussions and actions related to global food security.

The UN Security Council's discussions in 2026 highlighted that the global food security crisis is significantly driven by the impacts of climate change, such as extreme weather events, and ongoing geopolitical conflicts that disrupt supply chains and food access.

The dialogue reaffirmed the shared commitment to the Indo-Pacific vision, emphasizing cooperation on issues of mutual interest and enhancing regional connectivity, which are central to India-ASEAN relations.