Economy and Business Current Affairs MCQs

1.

What kind of benefits might a new export promotion scheme offer to businesses?

A Subsidies on domestic sales

B Tax incentives and duty drawbacks

C Restrictions on import of raw materials

D Increased regulatory compliance burden

2.

Which ministry is typically responsible for launching and overseeing export promotion schemes in India?

A Ministry of Finance

B Ministry of Commerce and Industry

C Ministry of External Affairs

D Ministry of Home Affairs

3.

The Indian government has recently launched a new export promotion scheme in 2026. What is the primary aim of this scheme?

A To reduce imports into India

B To boost India's merchandise and service exports

C To increase domestic consumption

D To attract foreign direct investment

4.

What is the primary objective of maintaining a stable repo rate by the RBI?

A To increase bank profits

B To control inflation and support economic growth

C To encourage foreign investment

D To reduce government borrowing costs

5.

Which body is responsible for deciding the policy repo rate in India?

A Securities and Exchange Board of India (SEBI)

B Monetary Policy Committee (MPC) of RBI

C Finance Ministry of India

D NITI Aayog

6.

As of the latest Monetary Policy Committee (MPC) meeting in 2026, what is the current status of the repo rate?

A Maintained at the previous level

B Increased by 25 basis points

C Decreased by 25 basis points

D Increased by 50 basis points

Economy & Business MCQs - 2026-07-15