MCQs - 2026-07

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.

The India-ASEAN Strategic Dialogue in 2026 was held in Jakarta, which is the capital of Indonesia. Indonesia is a key member of ASEAN and plays a significant role in regional dialogues.

The 2026 India-ASEAN Strategic Dialogue in Jakarta emphasized enhancing collaboration in maritime security, the digital economy, and sustainable development, reflecting shared priorities and challenges.