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

111.

What is the primary objective of the RBI's Monetary Policy Committee (MPC) when it decides to maintain the repo rate at a constant level?

A To increase the fiscal deficit

B To ensure price stability while supporting growth

C To decrease the foreign exchange reserves

D To encourage commercial banks to lend at higher rates

112.

What aspect is considered integral to the implementation of the National Deep Sea Mining Policy?

A Prioritizing immediate commercial exploitation over environmental concerns

B Ignoring international regulations on seabed mining

C Environmental considerations and sustainable practices

D Focusing solely on mineral extraction without technological development

113.

Who approved the National Deep Sea Mining Policy?

A The Reserve Bank of India (RBI)

B The Ministry of Environment, Forest and Climate Change

C The Union Cabinet

D The Parliament of India

114.

What is a key expected impact of the National Deep Sea Mining Policy on India's economy?

A Increased reliance on imported minerals

B Reduced opportunities for technological advancement

C Boosted resource security and reduced import dependence

D Decline in the maritime sector

115.

Which of the following are targeted resources under the National Deep Sea Mining Policy?

A Coral reefs and marine biodiversity

B Polymetallic nodules, cobalt-rich ferromanganese crusts, and hydrothermal sulphides

C Offshore oil and natural gas reserves

D Marine genetic resources

116.

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

A To promote deep-sea tourism

B To harness India's potential in deep sea mining for resource utilization

C To establish marine protected areas

D To regulate deep-sea fishing

117.

Who decides on the policy repo rate in India?

A The Ministry of Finance

B The Securities and Exchange Board of India (SEBI)

C The Monetary Policy Committee (MPC) of the RBI

D The NITI Aayog

118.

What is the likely impact of maintaining the repo rate on borrowing costs?

A Borrowing costs are expected to decrease.

B Borrowing costs will remain at current levels.

C Borrowing costs are expected to increase significantly.

D The repo rate decision does not affect borrowing costs.

119.

What is the primary objective stated by the RBI for maintaining the current repo rate and stance?

A To stimulate rapid economic growth

B To reduce the fiscal deficit

C To ensure inflation progressively aligns with the target while supporting growth

D To encourage foreign investment

120.

For how many consecutive meetings has the RBI maintained the repo rate at its current level?

A Six

B Seven

C Eight

D Nine

Economy & Business MCQs