MCQs - 2026-09

In India, a fiscal year (FY) typically runs from April 1st to March 31st. Therefore, FY2026 refers to the period from April 1, 2025, to March 31, 2026.

The topic explicitly states India's Q2 FY2026 GDP Growth Projected at 7.2-7.5%.

The Monetary Policy Committee (MPC) is a six-member committee headed by the RBI Governor that is entrusted with the task of fixing the benchmark interest rate (repo rate) in India.

The primary objective of the RBI's monetary policy, including setting the Repo Rate, is to maintain price stability (control inflation) while keeping in mind the objective of growth. It also manages liquidity in the banking system.

The topic explicitly states that the RBI maintains the Repo Rate at 6.5%.

A key outcome of the 2026 G20 Summit was the agreement to enhance financial support for developing countries to help them adapt to climate change impacts and implement mitigation strategies.

The 2026 G20 Summit's climate action focus included a strong commitment to accelerating the transition towards renewable energy sources to decarbonize economies.

The 2026 G20 Summit saw leaders reaffirm their commitment to the goals and principles of the Paris Agreement, emphasizing the need for accelerated action to limit global warming.

A central theme at the 2026 G20 Summit was the recognition that achieving the SDGs is intrinsically linked to addressing climate change and environmental degradation, requiring integrated solutions.

The 2026 G20 Summit saw leaders agree on a framework to enhance the mobilization of private sector finance and investment for achieving the SDGs, recognizing the significant funding gap.