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MCQs 2026

71.
What factors are generally attributed to the strong growth in India's manufacturing sector in Q1 FY27?
A Decreased government spending and lower domestic demand.
B Increased investment, improved supply chains, and supportive government policies.
C Global economic slowdown and reduced export orders.
D Rising raw material costs and labor shortages.
72.
India's manufacturing sector has shown robust growth in the first quarter (Q1) of the fiscal year 2026-27. Which of the following is a key indicator of manufacturing sector performance?
A Purchasing Managers' Index (PMI)
B Consumer Price Index (CPI)
C Wholesale Price Index (WPI)
D Gross Domestic Product (GDP) Deflator
73.
How many members constitute the Monetary Policy Committee (MPC) of the Reserve Bank of India?
A 5 members
B 6 members
C 7 members
D 8 members
74.
What is the primary objective of the Monetary Policy Committee (MPC) of the Reserve Bank of India?
A To manage the country's foreign exchange reserves.
B To maintain price stability while keeping in mind the objective of inclusive growth.
C To regulate the issuance of currency notes.
D To oversee the functioning of public sector banks.
75.
The Reserve Bank of India's Monetary Policy Committee (MPC) recently decided to keep the repo rate unchanged. What is the current repo rate as of the latest announcement in 2026?
A 6.25%
B 6.50%
C 6.75%
D 6.00%
76.
In the realm of digital cooperation, G7 leaders in Italy also addressed challenges related to the digital space. Which of the following was a significant concern discussed regarding digital information?
A The need for universal internet access.
B Combating misinformation and disinformation.
C Standardizing global digital currencies.
D Eliminating all forms of digital taxation.
77.
A central principle guiding the G7's approach to AI governance, as discussed in Italy, is the development and deployment of AI that is:
A Exclusively controlled by G7 member states.
B Primarily focused on military applications.
C Human-centric, trustworthy, and responsible.
D Designed to replace human decision-making entirely.
78.
The G7 leaders, during their discussions on AI governance in Italy, continued to build upon a framework established at a previous summit. What is the name of this key international framework for AI governance?
A Rome AI Accord
B Hiroshima AI Process
C Berlin AI Charter
D Washington AI Principles
79.
Beyond immediate economic stability, the G7 Summit in Italy also emphasized long-term global economic resilience. Which of the following areas was a key focus in this regard?
A Establishing a new global currency.
B Strengthening supply chains and critical mineral security.
C Abolishing all international trade tariffs.
D Creating a unified G7 central bank.
80.
A significant economic decision taken at the G7 Summit in Italy involved providing financial support to Ukraine. What was the primary mechanism agreed upon for this support?
A Direct budgetary aid from G7 member states.
B Utilizing profits from frozen Russian sovereign assets.
C Issuing new G7 bonds specifically for Ukraine.
D A new IMF loan facility exclusively for Ukraine.
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