MCQs - 2026-09

TROPEX stands for Theatre Readiness Operational Exercise. It is a major inter-fleet exercise conducted by the Indian Navy to validate its operational readiness and combat capabilities in a complex multi-dimensional scenario.

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The Mid-Year Economic Review for FY 2026-27 confirmed the government's commitment to achieving a fiscal deficit of 5.2% of GDP for the fiscal year.

While real estate contributes to the economy, the Mid-Year Review for FY 2026-27 primarily emphasized the strong performance of manufacturing, services, and a resilient agriculture sector as key growth drivers.

The Mid-Year Economic Review for FY 2026-27 projected a GDP growth rate of 7.2% for the full fiscal year, citing robust domestic demand and improved global economic conditions.

The primary objective of the RBI's monetary policy is to maintain price stability while having due regard to the objective of growth. This principle underpins decisions made in policy reviews.

The 'withdrawal of accommodation' stance aims to gradually reduce the excess liquidity in the system to ensure that inflation progressively aligns with the target, while still supporting economic growth.

The RBI's Monetary Policy Committee (MPC) decided to keep the policy repo rate unchanged at 6.50% in its September 2026 review.