MCQs 2026

The Monetary Policy Committee (MPC) is a six-member committee, headed by the RBI Governor, that is entrusted with the task of fixing the benchmark policy interest rate (repo rate) to achieve the inflation target.

The repo rate is a key monetary policy tool used by the RBI to manage liquidity in the banking system and influence inflation. Maintaining it amidst stable inflation suggests a focus on price stability.

The expenditure method of GDP calculation includes Private Final Consumption Expenditure (C), Government Final Consumption Expenditure (G), Gross Fixed Capital Formation (I), and Net Exports (NX).

Sustained GDP growth momentum indicates a healthy and expanding economy, leading to increased production, employment, and potentially improved living standards.

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

Strengthening global surveillance and early warning systems is crucial for detecting and responding to emerging infectious diseases, a central theme and commitment from the 2026 International Health Security Summit.

The World Health Organization (WHO) is the leading international body for public health and is consistently at the forefront of organizing global health security summits and coordinating international health efforts.

The 2026 International Health Security Summit in Geneva focused heavily on lessons learned from recent pandemics and enhancing global capabilities for future outbreaks, including surveillance, rapid response, and equitable vaccine distribution.

While trade agreements cover many sectors, harmonizing entire common agricultural policies is highly complex and rarely a direct component of bilateral trade deals, especially between diverse blocs like the EU and ASEAN.

Modern trade agreements increasingly focus on digital trade, data flows, and e-commerce regulations to facilitate cross-border digital transactions, a significant aspect of the EU-ASEAN deal in 2026.