MCQs on Economy & Business Current Affairs (May 2026)

1.

The 'Make for Global' initiative is likely to focus on which aspect of Indian manufacturing to enhance its global competitiveness?

A Reducing the variety of products manufactured.

B Improving product quality, innovation, and adherence to international standards.

C Increasing production costs to ensure exclusivity.

D Limiting the use of advanced technology.

2.

Such export promotion schemes often involve measures like:

A Imposing higher tariffs on imported goods.

B Providing subsidies, tax incentives, and easier access to finance for exporters.

C Restricting the types of goods that can be exported.

D Reducing the quality standards for manufactured goods.

3.

The 'Make for Global' export promotion scheme is primarily aimed at:

A Reducing imports into India.

B Encouraging domestic consumption of Indian products.

C Boosting India's exports to international markets.

D Attracting foreign direct investment (FDI).

4.

Easing inflationary pressures, as mentioned in the context of the RBI's repo rate decision, typically implies:

A A significant increase in the prices of essential goods.

B A slowdown in the rate at which prices are rising.

C A decrease in the overall demand for goods and services.

D A rise in the unemployment rate.

5.

When the RBI maintains the repo rate, it generally indicates a stance aimed at:

A Aggressively stimulating economic growth by lowering interest rates.

B Balancing growth objectives with the need to control inflation.

C Rapidly increasing the money supply to boost consumption.

D Tightening monetary policy to curb excessive borrowing.

6.

What is the primary tool used by the Reserve Bank of India (RBI) to control inflation and manage liquidity in the economy?

A Fiscal Deficit

B Repo Rate

C Gross Domestic Product (GDP)

D Balance of Trade

Economy & Business MCQs - 2026-05-14