MCQs on Economy & Business: RBI, Exports, GDP (May 2026)

1.

Which organization typically releases GDP growth projections for India?

A National Statistical Office (NSO)

B Election Commission

C Supreme Court

D ISRO

2.

In the context of GDP, what does 'Q4' refer to?

A Fourth quarter of the calendar year

B Fourth quarter of the financial year

C Fourth quarter of the decade

D Fourth quarter of the budget session

3.

What is the primary driver for India's projected strong GDP growth in Q4 FY26?

A Global export surplus

B Robust domestic demand

C Decrease in government spending

D High interest rates

4.

How does the 'Global Market Access Initiative' benefit MSMEs?

A By providing direct cash transfers

B By offering tax holidays for 10 years

C By facilitating entry into new international markets

D By nationalizing small industries

5.

Which ministry is typically responsible for launching export-related initiatives like GMAI 2.0?

A Ministry of Finance

B Ministry of Commerce and Industry

C Ministry of External Affairs

D Ministry of MSME

6.

What is the primary goal of the 'Global Market Access Initiative 2.0'?

A To increase domestic consumption

B To boost India's exports

C To reduce import duties

D To promote digital literacy

7.

What is the primary objective of maintaining a stable Repo Rate?

A To increase fiscal deficit

B To manage inflation and support growth

C To decrease foreign exchange reserves

D To privatize public sector banks

8.

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

A Monetary Policy Committee (MPC)

B Economic Advisory Council

C Finance Commission

D NITI Aayog

9.

What is the current Repo Rate maintained by the Reserve Bank of India (RBI)?

A 6.0%

B 6.25%

C 6.5%

D 6.75%

Economy & Business MCQs - 2026-05-30