MCQs 2026

The Manufacturing PMI is calculated based on surveys of purchasing managers in the manufacturing sector, covering key indicators like new orders, output, employment, and supplier delivery times.

A PMI reading above 50 indicates an expansion in manufacturing activity compared to the previous month, while a reading below 50 indicates a contraction.

The provided topic states that India's Manufacturing PMI showed steady growth in October 2026.

Keeping the repo rate unchanged often suggests a desire to balance inflation control with supporting economic growth, indicating a neutral or cautiously optimistic stance.

The Monetary Policy Committee (MPC) of the Reserve Bank of India is mandated to set the policy repo rate to maintain inflation targets.

The RBI's Monetary Policy Committee (MPC) in its October 2026 review decided to keep the repo rate unchanged at 6.5%.

Free Trade Agreements primarily focus on economic aspects like tariffs, services, investment, intellectual property, and increasingly, sustainable development and labor standards. Space exploration and military cooperation are typically part of broader strategic dialogues, not core FTA negotiations.

The negotiations for the India-EU Broad-based Trade and Investment Agreement (BTIA) officially resumed in June 2022, after being stalled since 2013.

The comprehensive trade agreement between India and the European Union is officially known as the Broad-based Trade and Investment Agreement (BTIA). Negotiations for this agreement resumed in 2022.

The UN Security Council consists of 15 members: 5 permanent members and 10 non-permanent members elected for two-year terms by the General Assembly. This structure remains unchanged as of 2026, as reforms are still under discussion.