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MCQs 2026

61.
If India's GDP growth momentum was sustained in Q2 FY27, what could be a potential implication for inflation in 2026?
A Inflation would likely decrease due to increased supply.
B Inflationary pressures might increase due to strong demand.
C Inflation would remain unchanged regardless of growth.
D Deflationary trends would become more prominent.
62.
In the context of India's GDP growth in Q2 FY27 (as of 2026), what does 'sustained momentum' generally imply for the economy?
A A significant slowdown compared to the previous quarter.
B A consistent or accelerating rate of growth over a period.
C A contraction in economic output.
D Stagnation with no significant change in GDP.
63.
Considering the economic scenario in 2026, if India's GDP growth momentum was sustained in Q2 of FY27, which of the following sectors would likely have contributed significantly to this growth?
A Primarily agriculture, with minimal contribution from services.
B Manufacturing and services sectors, driven by domestic demand and investment.
C Only the informal sector, due to a decline in formal economic activities.
D A sharp decline in exports, offset by increased government spending.
64.
A significant aspect of the RBI's 2026 digital lending framework is the prohibition of certain practices. Which of the following is typically prohibited under these enhanced guidelines?
A Disclosing the loan amount and tenure to the borrower.
B Automated credit scoring based on borrower's financial history.
C Garnishee actions or upfront deduction of interest before disbursement.
D Allowing borrowers to choose their preferred repayment method.
65.
As per the updated RBI guidelines in 2026 for digital lending, which entity is primarily responsible for ensuring that the digital lending app (DLA) complies with all applicable laws and regulations?
A The borrower.
B The third-party technology service provider.
C The Regulated Entity (RE) offering the loan.
D The Ministry of Electronics and Information Technology (MeitY).
66.
In 2026, the Reserve Bank of India (RBI) enhanced its digital lending framework. Which of the following is a key objective of these enhancements aimed at consumer protection?
A To encourage more unregulated digital lending apps to enter the market.
B To ensure greater transparency in fees, charges, and recovery practices.
C To reduce the overall interest rates charged by all lending institutions.
D To limit the RBI's oversight on digital lending activities.
67.
Which country is NOT a member of the G7?
A France
B China
C United Kingdom
D Italy
68.
Which of the following was a major topic of discussion for G7 Foreign Ministers in 2026?
A Global agricultural subsidies
B Regulation of Artificial Intelligence in warfare
C Expansion of the G7 to G20
D Deep sea mining moratorium
69.
In 2026, which country held the G7 Presidency?
A Italy
B Canada
C Japan
D Germany
70.
What is the primary framework under which India and Japan coordinate their Indo-Pacific strategy?
A BRICS
B QUAD
C SCO
D OPEC
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