MCQs on Economy & Business Current Affairs

1.

Which organization typically releases the official GDP growth data for India?

A National Statistical Office (NSO)

B World Bank

C International Monetary Fund

D NITI Aayog

2.

What does 'Resilience' in the context of India's GDP growth imply?

A The economy is immune to all global shocks

B The economy continues to grow despite global headwinds and uncertainties

C The economy has stopped growing

D The economy is solely dependent on gold reserves

3.

Which sector is primarily driving India's resilient GDP growth in Q1 FY27?

A Services and Manufacturing

B Only subsistence farming

C Foreign aid dependency

D Export of raw minerals only

4.

What is the composition of the Monetary Policy Committee (MPC) of the RBI?

A 3 members from RBI and 3 members from the Government

B 5 members from RBI and 1 member from the Government

C All 6 members appointed by the Prime Minister

D Only the RBI Governor

5.

Which instrument is primarily used by the RBI to manage liquidity in the banking system when the repo rate is kept unchanged?

A Open Market Operations (OMO)

B Direct tax collection

C Issuing new currency notes

D Changing the income tax slabs

6.

As of mid-2026, what is the primary objective of the RBI's Monetary Policy Committee in maintaining a status quo on the repo rate?

A To stimulate hyper-inflation

B To align inflation with the 4% target while supporting growth

C To completely devalue the Indian Rupee

D To increase the fiscal deficit

Economy & Business MCQs - 2026-07-09