MCQs 2026

The Ministry of Commerce and Industry, through its Department of Commerce, will oversee the implementation and objectives of the EDFI.

The government has launched the Export Development and Facilitation Initiative (EDFI) to boost India's outbound trade.

The primary objective of the RBI's monetary policy is to maintain price stability while ensuring that its measures also support economic growth.

The RBI maintained its stance of 'withdrawal of accommodation' to ensure that inflation progressively aligns with the target while supporting growth.

The RBI's Monetary Policy Committee (MPC) decided to maintain the current repo rate at 6.50% to balance inflation and growth objectives.

The services sector, encompassing IT, finance, and trade, is anticipated to be the primary driver of India's economic expansion in Q2 FY27.

The ADB's projection for India's GDP growth in Q2 FY27 stands at 7.2%, driven by robust domestic demand and government spending.

The Asian Development Bank (ADB) has released its projections for India's GDP growth for the second quarter of the fiscal year 2027.

The summit recognized the need for international collaboration on data governance, including establishing shared principles for data protection, privacy, and facilitating secure and responsible cross-border data flows, which are crucial for the digital economy.

To achieve digital inclusion, the G20 leaders agreed to prioritize investments in digital literacy initiatives and ensure affordable and accessible internet connectivity for all segments of society.