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

151.

What was the percentage increase in India's merchandise exports in March 2024?

A 0.06%

B 0.66%

C 1.07%

D 1.66%

152.

What does the 'withdrawal of accommodation' stance generally indicate?

A An immediate easing of monetary conditions

B A continued focus on controlling inflation

C A significant reduction in the policy repo rate

D An aggressive push for economic expansion

153.

What is the primary objective of the RBI's monetary policy stance?

A To increase the fiscal deficit

B To ensure inflation aligns with the target while supporting growth

C To boost short-term market liquidity

D To reduce the exchange rate volatility

154.

What is the current monetary policy stance adopted by the RBI?

A Accommodative

B Neutral

C Withdrawal of accommodation

D Tightening

155.

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

A Fourth

B Fifth

C Sixth

D Seventh

156.

What is the current policy repo rate maintained by the RBI?

A 6.00%

B 6.25%

C 6.50%

D 6.75%

157.

Which category of goods saw elevated inflation despite the overall moderation?

A Vegetables

B Cereals and pulses

C Edible oils

D Dairy products

158.

What is a significant implication of easing inflation for the Reserve Bank of India (RBI)?

A To immediately increase the repo rate

B To maintain the current monetary policy stance

C To focus solely on increasing exports

D To reduce government spending

159.

The Consumer Price Index (CPI) is used to measure which economic indicator?

A Gross Domestic Product (GDP)

B Wholesale Price Index (WPI)

C Retail Inflation

D Unemployment Rate

160.

Which factor primarily contributed to the moderation in retail inflation in March 2024?

A Increase in fuel prices

B Rise in manufactured goods prices

C Slowdown in food price increases

D Higher services inflation

Economy & Business MCQs