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MCQs 2026

61.
Which institution in India is primarily responsible for the management and maintenance of the country's foreign exchange reserves?
A Securities and Exchange Board of India (SEBI)
B Ministry of Finance
C Reserve Bank of India (RBI)
D Export-Import Bank of India (EXIM Bank)
62.
A robust foreign exchange reserve position, as observed in November 2026, provides India with which of the following benefits?
A Increased domestic inflation
B Reduced ability to manage currency volatility
C Enhanced confidence in the country's economic and financial stability
D Higher external debt burden
63.
As of November 2026, India's foreign exchange reserves have been reported to be robust. Which of the following is a major component of these reserves?
A Domestic corporate bonds
B Foreign currency assets (FCAs)
C Indian Rupee coins
D Gold reserves held by private banks
64.
Maintaining the repo rate at 6.5% in November 2026 is generally indicative of the RBI's stance on which economic aspect?
A Aggressive monetary easing to boost growth
B Tightening monetary policy to control inflation
C Neutral monetary policy, balancing growth and inflation
D Focus on currency depreciation
65.
Which body within the RBI is responsible for deciding the repo rate in its periodic policy reviews?
A Board of Directors
B Executive Committee
C Monetary Policy Committee (MPC)
D Financial Stability Board
66.
In its November 2026 policy review, the Reserve Bank of India (RBI) decided to maintain the repo rate at what percentage?
A 6.25%
B 6.50%
C 6.75%
D 7.00%
67.
In recent years, which type of countries have most consistently advocated for the UN Security Council to formally recognize climate change as a direct threat to international peace and security?
A Major oil-producing nations
B Landlocked developing countries
C Small Island Developing States (SIDS) and European nations
D Countries with large desert regions
68.
Which of the following statements accurately reflects the current international legal status of "climate refugees"?
A They are explicitly recognized and protected under the 1951 Refugee Convention.
B There is no universally accepted legal definition or specific international protection framework for "climate refugees."
C The UN Security Council has adopted a binding resolution defining their status.
D They are covered under the mandate of the International Criminal Court.
69.
The UN Security Council primarily addresses climate change through the lens of which of its core mandates?
A Economic Development
B Human Rights Protection
C International Peace and Security
D Cultural Heritage Preservation
70.
India's engagement with ASEAN is a central pillar of which of its foreign policy initiatives?
A Look West Policy
B Connect Africa Policy
C Act East Policy
D Neighbourhood First Policy
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