MCQs - 2026-08

The Monetary Policy Committee (MPC) consists of six members: the Governor of the RBI (Chairperson), the Deputy Governor of the RBI, one officer of the Reserve Bank of India nominated by the Central Board, and three external members appointed by the Central Government.

The primary mandate of the RBI's monetary policy is to maintain price stability (control inflation) and also to ensure adequate credit flow to support economic growth.

In recent policy reviews of 2026, the RBI has been maintaining a 'withdrawal of accommodation' stance to ensure inflation aligns with the target while supporting growth.

MGNREGA aims to create durable rural assets like roads, wells, and check dams, thereby strengthening rural livelihoods and improving the rural infrastructure.

MGNREGA mandates that at least 60% of the expenditure on works must be on natural resource management related works.

MGNREGA guarantees at least 100 days of wage employment in a financial year to every rural household whose adult members volunteer to do unskilled manual work.

Janani Shishu Suraksha Karyakram (JSSK) is a key initiative under NHM that aims to provide completely free and cashless services to pregnant women and sick newborns and children up to one year of age.

While NHM aims to strengthen primary and secondary healthcare, its primary focus is not on improving access to specialized tertiary care, which is often addressed by other programs or institutions.

The National Health Mission (NHM) was launched in 2013, subsuming the National Rural Health Mission (NRHM) and the National Urban Health Mission (NUHM).

The PM-KISAN scheme is designed to supplement the income of farmers and supplement the efforts of the government's existing support systems for agriculture.