Which body within the Reserve Bank of India is responsible for deciding the policy repo rate?
A Board of Directors
B Executive Committee
C Monetary Policy Committee (MPC)
D Financial Stability Board
Answer: C
The Monetary Policy Committee (MPC) is mandated by the RBI Act to determine the policy repo rate required to meet the inflation target.
12.
As per the August 2026 Monetary Policy Committee (MPC) review, what is the current Repo Rate maintained by the Reserve Bank of India (RBI)?
A 6.25%
B 6.50%
C 6.75%
D 6.00%
Answer: B
In its August 2026 policy review, the RBI's Monetary Policy Committee decided to keep the policy repo rate unchanged at 6.5%.
13.
The focus on 'Green Jobs' under the Skill India Mission is primarily aimed at achieving which of the following?
A Increasing India's dependence on imported technology.
B Hindering industrial growth by imposing strict environmental regulations.
C Contributing to India's climate change mitigation and adaptation goals and fostering a sustainable economy.
D Reducing the overall workforce participation rate in the country.
Answer: C
The promotion of 'Green Jobs' is crucial for India to meet its climate change commitments, transition to a low-carbon economy, and create new employment opportunities in environmentally sustainable sectors.
14.
Which of the following programs is a significant initiative under the broader Skill India Mission to promote green skills in India?
A Pradhan Mantri Fasal Bima Yojana (PMFBY)
B Green Skill Development Programme (GSDP)
C National Rural Livelihoods Mission (NRLM)
D Atal Bhujal Yojana (ABY)
Answer: B
The Green Skill Development Programme (GSDP), launched by the Ministry of Environment, Forest and Climate Change in collaboration with the National Skill Development Corporation (NSDC), is a key initiative to impart green skills to the youth.
15.
What is the main objective of the Skill India Mission's initiatives for 'Green Jobs'?
A To promote traditional agricultural practices in rural areas.
B To train and certify individuals for employment in sectors related to renewable energy, sustainable development, and environmental conservation.
C To encourage migration of skilled labor from rural to urban areas.
D To provide subsidies for industries using fossil fuels.
Answer: B
The 'Green Jobs' initiative under the Skill India Mission aims to equip the workforce with skills required for jobs that contribute to preserving or restoring the environment, including those in renewable energy, waste management, and sustainable agriculture.
16.
Which Union Ministry is primarily responsible for the implementation of the Pradhan Mantri Gram Sadak Yojana (PMGSY)?
A Ministry of Road Transport and Highways
B Ministry of Rural Development
C Ministry of Housing and Urban Affairs
D Ministry of Panchayati Raj
Answer: B
The Pradhan Mantri Gram Sadak Yojana (PMGSY) is a centrally sponsored scheme implemented by the Ministry of Rural Development.
17.
What is the primary focus of Pradhan Mantri Gram Sadak Yojana Phase III (PMGSY-III) compared to its previous phases?
A Connecting unconnected habitations with new roads.
B Upgrading and consolidating existing rural roads and major rural links.
C Construction of new roads in urban and semi-urban areas.
D Providing employment opportunities through road construction in tribal areas.
Answer: B
While PMGSY-I focused on new connectivity, PMGSY-III primarily aims at upgrading and consolidating 1,25,000 km of existing rural roads and major rural links that connect habitations to Gramin Agricultural Markets (GrAMs), Higher Secondary Schools, and Hospitals.
18.
When was the Pradhan Mantri Gram Sadak Yojana Phase III (PMGSY-III) approved by the Union Cabinet?
A July 2017
B July 2018
C July 2019
D July 2020
Answer: C
The Union Cabinet approved the Pradhan Mantri Gram Sadak Yojana Phase III (PMGSY-III) on July 24, 2019, with a target to consolidate 1,25,000 km of existing rural roads and major rural links.
19.
Which government initiative aims to promote Indian handloom products and support weavers, often highlighted during National Handloom Day preparations?
A Make in India
B Skill India
C Ek Bharat Shreshtha Bharat
D Ambedkar Social Innovation and Incubation Mission
Answer: A
The 'Make in India' initiative, launched in 2014, aims to transform India into a global manufacturing hub. While not exclusively for handlooms, it encompasses and promotes sectors like handloom textiles as part of boosting domestic manufacturing and exports. Preparations for National Handloom Day often involve promoting such initiatives.
20.
The first National Handloom Day was observed in which year, marking the Swadeshi Movement's anniversary?
A 2014
B 2015
C 2016
D 2017
Answer: B
The first National Handloom Day was observed on August 7, 2015, by the Ministry of Textiles to commemorate the Swadeshi Movement, which was launched on August 7, 1905. Preparations for the 2026 event would build upon this legacy.
