Which body within the RBI is responsible for deciding the 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 the body constituted by the Central Government under Section 45ZB of the RBI Act, 1934, to regulate inflation and decide on the policy repo rate.
62.
What is the primary objective of maintaining the repo rate at 6.5% by the RBI in September 2026, as per its policy review?
A To stimulate rapid economic growth by lowering borrowing costs.
B To control inflation and ensure price stability while supporting growth.
C To encourage foreign investment by offering higher returns.
D To reduce the government's borrowing costs.
Answer: B
The RBI's mandate is to maintain price stability while keeping in mind the objective of growth. Keeping the repo rate steady at 6.5% in September 2026 indicates a focus on managing inflation without stifling economic recovery.
63.
In its September 2026 Monetary Policy Committee (MPC) meeting, the Reserve Bank of India (RBI) decided to maintain the repo rate at what percentage?
A 6.25%
B 6.50%
C 6.75%
D 7.00%
Answer: B
The RBI's Monetary Policy Committee (MPC) in its September 2026 review kept the policy repo rate unchanged at 6.50%.
64.
The India-EU partnership on green technologies is crucial for both entities primarily because it aims to:
A Counterbalance the influence of other major global powers.
B Facilitate mutual military exercises and defence procurement.
C Accelerate their respective green transitions and achieve climate targets.
D Establish a unified regulatory framework for digital services.
Answer: C
The partnership is driven by the shared ambition to achieve climate neutrality (for EU) and ambitious climate targets (for India), leveraging technological innovation and investment in green sectors. This collaboration is vital for global climate action.
65.
Which of the following is a key area of cooperation under the India-EU strategic partnership on green technologies?
A Joint development of space exploration missions
B Promotion of green hydrogen and renewable energy technologies
C Collaboration on conventional fossil fuel extraction
D Establishment of a common currency union
Answer: B
The India-EU partnership on green technologies heavily focuses on areas like green hydrogen, solar energy, wind energy, circular economy, and sustainable finance to accelerate the green transition and achieve climate targets.
66.
Which high-level mechanism primarily facilitates the strategic partnership between India and the European Union on green technologies and sustainable development?
A India-EU Free Trade Agreement
B India-EU Trade and Technology Council (TTC)
C India-EU Defence Dialogue
D India-EU Cultural Exchange Program
Answer: B
The India-EU Trade and Technology Council (TTC), launched in 2022, has a dedicated working group on Green and Clean Energy Technologies, making it a primary mechanism for this partnership. The first ministerial meeting of the TTC was held in May 2023.
67.
Which of the following is NOT a core area of focus under the UN's Global Digital Compact for digital governance?
A Bridging digital divides
B Data governance and protection
C Establishing a global digital tax regime
D Promoting human rights online and responsible AI
Answer: C
While discussions around digital taxation exist, establishing a global digital tax regime is not a core, explicitly stated objective of the Global Digital Compact. Its primary focus is on access, human rights, data governance, and responsible AI.
68.
Which major UN event is central to the expected adoption of the Global Digital Compact, a key framework for global digital governance?
A World Economic Forum Annual Meeting
B UN Climate Change Conference (COP)
C Summit of the Future
D International Telecommunication Union Plenipotentiary Conference
Answer: C
The Global Digital Compact is a proposed outcome document of the UN Secretary-General's Our Common Agenda report, expected to be adopted at the Summit of the Future in September 2024.
69.
What is the primary objective of the UN General Assembly's initiative on global digital governance, as embodied by the Global Digital Compact?
A To establish a global regulatory body for artificial intelligence.
B To ensure an open, free, and secure digital future for all, guided by human rights.
C To create a universal digital currency managed by the UN.
D To mandate global censorship of online content deemed harmful.
Answer: B
The Global Digital Compact aims to outline shared principles for an open, free, and secure digital future for all, focusing on human rights, bridging digital divides, and responsible AI governance. It is expected to be adopted at the Summit of the Future in September 2024.
70.
The 'Ayushman Bhav' campaign, launched in September 2023, is envisioned as a comprehensive approach to reach every individual. What is the overarching goal of this campaign?
A To eradicate all communicable diseases by 2025
B To ensure all eligible citizens receive Ayushman Cards and access healthcare services
C To promote traditional Indian medicine systems exclusively
D To reduce the national healthcare budget by 10%
Answer: B
The primary goal of the 'Ayushman Bhav' campaign is to ensure that all eligible citizens receive Ayushman Cards, which grant them access to healthcare services under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) and other government health schemes, thereby moving towards universal health coverage.
