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MCQs 2026

1.
NEEDS_REVIEW
A NEEDS_REVIEW
B NEEDS_REVIEW
C NEEDS_REVIEW
D NEEDS_REVIEW
2.
NEEDS_REVIEW
A NEEDS_REVIEW
B NEEDS_REVIEW
C NEEDS_REVIEW
D NEEDS_REVIEW
3.
NEEDS_REVIEW
A NEEDS_REVIEW
B NEEDS_REVIEW
C NEEDS_REVIEW
D NEEDS_REVIEW
4.
What is a key objective of the new Export Development and Facilitation Initiative (EDFI)?
A To reduce import tariffs for domestic industries.
B To provide financial and logistical support to exporters.
C To restrict foreign investment in export-oriented sectors.
D To promote domestic consumption of goods.
5.
Which ministry is primarily responsible for the implementation of the new Export Development and Facilitation Initiative (EDFI)?
A Ministry of Finance
B Ministry of Commerce and Industry
C Ministry of External Affairs
D Ministry of Small and Medium Enterprises
6.
What is the name of the new export promotion scheme announced by the government in 2026?
A Make in India Export Initiative
B Global Trade Advancement Scheme (GTAS)
C Export Development and Facilitation Initiative (EDFI)
D Prime Minister's Export Excellence Award
7.
Which of the following is a primary objective of the RBI's monetary policy as per the Reserve Bank of India Act, 1934?
A Maximizing industrial output
B Maintaining price stability while keeping in mind the objective of growth
C Ensuring full employment
D Managing the exchange rate of the Indian Rupee
8.
What is the current stance of the RBI's monetary policy, as reiterated in the latest review meeting?
A Accommodative
B Neutral
C Withdrawal of accommodation
D Aggressively tightening
9.
At the conclusion of its recent monetary policy review meeting in 2026, what did the Reserve Bank of India (RBI) decide regarding the repo rate?
A Increased the repo rate by 25 basis points.
B Decreased the repo rate by 15 basis points.
C Kept the repo rate unchanged.
D Increased the reverse repo rate by 10 basis points.
10.
Which sector is expected to be a major contributor to India's GDP growth in Q2 FY27, according to the projections?
A Agriculture
B Services
C Manufacturing
D Construction
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