MCQs - 2026-08

Maintaining the repo rate suggests that the MPC believes inflationary pressures, though potentially moderating, still require careful monitoring and that a premature easing of monetary policy could be counterproductive.

The RBI's stance on maintaining the repo rate aims to achieve the mandated inflation target of 4% (+/- 2%) while ensuring that economic growth is not unduly hampered.

The RBI's Monetary Policy Committee (MPC) decided to keep the repo rate unchanged at 6.50% for the seventh consecutive time in its recent meeting in 2026, aiming to balance inflation control with economic growth.

The United States has consistently been one of India's top trading partners, with significant volume in both goods and services trade.

The Comprehensive Economic Partnership Agreement (CEPA) between India and the UAE was signed in 2022 to boost bilateral trade.

The India-Australia Economic Cooperation and Trade Agreement (ECTA) officially came into force on December 29, 2022.

The UN Security Council consists of 15 members: 5 permanent members and 10 non-permanent members elected for two-year terms.

Under the UN Charter, the Security Council has the primary responsibility for the maintenance of international peace and security.

The permanent members of the UN Security Council (P5) are China, France, Russia, the United Kingdom, and the United States. Germany is not a permanent member.

The Ayushman Bhav Campaign is designed to ensure comprehensive healthcare coverage by integrating and leveraging existing flagship schemes like Ayushman Bharat PMJAY, Ayushman Bharat Digital Mission, and Ayushman Bharat Health and Wellness Centres.