MCQs: India Economy & Business Current Affairs (July 2026)

1.

The 'National Export Growth Initiative' is expected to focus on which of the following aspects to achieve its goal of boosting global trade?

A Reducing the number of export-oriented Special Economic Zones (SEZs)

B Simplifying export procedures and improving logistics

C Increasing import duties on raw materials

D Discouraging participation in international trade fairs

2.

Which government ministry is typically at the forefront of implementing initiatives like the 'National Export Growth Initiative' in India?

A Ministry of Finance

B Ministry of Commerce and Industry

C Ministry of External Affairs

D Ministry of Home Affairs

3.

What is the primary objective of the 'National Export Growth Initiative' launched by India in 2026 to enhance its global trade presence?

A To reduce import tariffs on essential goods

B To promote and facilitate the growth of Indian exports

C To restrict foreign investment in manufacturing

D To increase domestic consumption of local products

4.

The Monetary Policy Committee (MPC) is a committee constituted by the Reserve Bank of India (RBI) under which Act, responsible for setting the benchmark interest rate (Repo Rate)?

A The Banking Regulation Act, 1949

B The Reserve Bank of India Act, 1934

C The Companies Act, 2013

D The Securities Contracts (Regulation) Act, 1956

5.

Which of the following is a primary objective of the Reserve Bank of India (RBI) when deciding on the Repo Rate, as highlighted in the context of inflation concerns in 2026?

A Maximizing bank profits

B Controlling inflation and ensuring price stability

C Increasing the stock market index

D Reducing the fiscal deficit

6.

As of the latest Monetary Policy Committee (MPC) meeting in 2026, what was the prevailing Repo Rate maintained by the Reserve Bank of India (RBI) to manage inflation?

A 6.00%

B 6.25%

C 6.50%

D 6.75%

Economy & Business MCQs - 2026-07-10