MCQs on India's Economy: GDP, Inflation, RBI Policy

141.

What was the primary decision taken by the RBI's Monetary Policy Committee (MPC) in its April 2026 review?

A Increased the repo rate by 25 basis points.

B Decreased the repo rate by 25 basis points.

C Maintained the repo rate at 6.50%.

D Introduced a new liquidity adjustment facility.

142.

Who allocated the exploration area for deep-sea mining to India?

A United Nations Environment Programme (UNEP)

B International Seabed Authority (ISA)

C World Trade Organization (WTO)

D International Maritime Organization (IMO)

143.

What is a key economic benefit expected from the deep-sea mining policy?

A Increased reliance on imported minerals

B Reduced dependence on imports for critical minerals

C Focus on agricultural exports

D Decline in the services sector

144.

Where has India been allocated an exploration area for deep-sea mining?

A Pacific Ocean

B Atlantic Ocean

C Arctic Ocean

D Central Indian Ocean Basin

145.

Which types of minerals are targeted by the National Deep Sea Mining Policy?

A Precious metals like gold and silver

B Rare earth elements only

C Polymetallic nodules, cobalt crusts, and polymetallic sulphides

D Coal and natural gas

146.

What is the primary objective of the National Deep Sea Mining Policy?

A To promote coastal tourism

B To explore and extract deep-sea mineral resources

C To regulate fishing activities

D To develop offshore wind energy

147.

Which government initiative aims to boost domestic manufacturing and exports?

A Digital India

B Skill India

C Make in India

D Startup India

148.

What was the trade deficit in March 2024?

A $15.6 billion

B $18.8 billion

C $20.1 billion

D $22.5 billion

149.

How did India's imports perform in March 2024 compared to exports?

A Imports decreased while exports increased

B Both imports and exports increased

C Imports decreased and exports decreased

D Imports increased while exports decreased

150.

What was the value of India's merchandise exports in March 2024?

A $40.2 billion

B $41.4 billion

C $42.0 billion

D $43.5 billion

Economy & Business MCQs