MCQs: Indian Economy & Business Current Affairs (April 2026)

1.

Which ministry typically oversees the implementation of MSME-related schemes in India?

A Ministry of Finance

B Ministry of Commerce and Industry

C Ministry of Micro, Small and Medium Enterprises

D Ministry of External Affairs

2.

What is the primary objective of an Export Promotion Scheme for MSMEs?

A To increase domestic consumption only

B To help small businesses sell their products in international markets

C To reduce the number of employees in small firms

D To increase import duties on raw materials

3.

What does the acronym 'MSME' stand for?

A Micro, Small and Medium Enterprises

B Major Sector Manufacturing Entities

C Modern Small Market Economy

D Micro Service Management Establishment

4.

Which committee is responsible for deciding the Repo Rate in India?

A NITI Aayog

B Monetary Policy Committee (MPC)

C Securities and Exchange Board of India

D Finance Ministry

5.

Why does the RBI typically maintain or increase the repo rate when inflation is high?

A To encourage more spending by consumers

B To reduce money supply and curb demand-pull inflation

C To lower the cost of borrowing for businesses

D To increase the value of the stock market

6.

What is the 'Repo Rate' in the context of the Reserve Bank of India?

A The rate at which RBI lends money to commercial banks

B The rate at which banks lend to the government

C The tax rate on corporate profits

D The rate of interest on savings accounts

7.

Which of the following factors typically drives strong earnings for Indian IT firms?

A Increase in domestic agricultural output

B High demand for digital transformation and cloud services

C Reduction in global internet usage

D Decrease in foreign currency exchange rates

8.

What does 'Q4' refer to in the context of an Indian company's financial reporting?

A The first three months of the calendar year

B The final quarter of the financial year (January-March)

C The second quarter of the fiscal year

D A specific tax category

9.

Which financial metric is primarily used to assess the profitability of an IT firm in its quarterly earnings report?

A Net Profit Margin

B Gross Domestic Product

C Repo Rate

D Fiscal Deficit

Economy & Business MCQs - 2026-04-25