MCQs on Science & Technology Current Affairs (Aug 2026)

1.

Which flagship government initiative aims to boost domestic manufacturing and attract foreign investment in India?

A Swachh Bharat Abhiyan

B Digital India

C Make in India

D Skill India Mission

2.

A strong output growth in the manufacturing sector, as observed in August 2026, is most likely to contribute to which of the following?

A Decline in exports

B Increase in employment opportunities

C Reduction in foreign direct investment (FDI)

D Decrease in tax revenues for the government

3.

Which index is primarily used to gauge the health and output trends of the manufacturing sector in India on a monthly basis?

A Consumer Price Index (CPI)

B Wholesale Price Index (WPI)

C Index of Industrial Production (IIP)

D Purchasing Managers' Index (PMI)

4.

If the RBI maintains the repo rate amidst stable inflationary trends, what is the likely impact on commercial bank lending rates?

A They are likely to increase significantly.

B They are likely to remain stable or change marginally.

C They are likely to decrease sharply.

D The impact is unpredictable and varies widely.

5.

Which committee within the Reserve Bank of India is responsible for determining the policy repo rate?

A Financial Stability and Development Council (FSDC)

B Central Board of Directors

C Monetary Policy Committee (MPC)

D Board for Financial Supervision (BFS)

6.

What is the primary objective of the Reserve Bank of India (RBI) when it decides to maintain the repo rate?

A To increase government borrowing

B To manage liquidity and control inflation

C To boost exports exclusively

D To reduce foreign exchange reserves

7.

Which of the following is a major component of India's GDP calculation by expenditure method?

A Net Factor Income from Abroad

B Private Final Consumption Expenditure

C Subsidies

D Depreciation

8.

A sustained GDP growth momentum, as indicated for Q2 2026, typically signifies which of the following for the Indian economy?

A Decreased investment and consumption

B Economic expansion and improved living standards

C Rising unemployment rates

D Contraction in industrial output

9.

Which government agency is primarily responsible for compiling and releasing India's Gross Domestic Product (GDP) data?

A Reserve Bank of India (RBI)

B Ministry of Finance

C National Statistical Office (NSO)

D NITI Aayog

10.

A key outcome of the 2026 summit was the commitment to increase funding for:

A Space exploration initiatives.

B Global pandemic surveillance and early warning systems.

C Development of new fossil fuel technologies.

D International cyber warfare defense.

MCQs 2026