MCQs: Economy & Business Current Affairs 27 July 2026

1.

The 'Global Market Access Initiative' is expected to provide support in areas such as:

A Only financial assistance and subsidies.

B Market intelligence, trade facilitation, and regulatory support.

C Domestic infrastructure development only.

D Skill development for non-exporting industries.

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 launched a new export promotion scheme named 'Global Market Access Initiative' in early 2026. What is its primary objective?

A To provide subsidies to domestic manufacturers.

B To facilitate access for Indian goods and services to international markets.

C To reduce import duties on essential goods.

D To promote tourism within India.

4.

What is the primary objective of maintaining the repo rate at the current level by the RBI, as per recent policy statements in early 2026?

A To stimulate economic growth by reducing borrowing costs.

B To control inflation and anchor inflation expectations.

C To increase liquidity in the banking system.

D To manage the exchange rate of the Indian Rupee.

5.

Which committee of the RBI is responsible for deciding the repo rate?

A Monetary Policy Committee (MPC)

B Financial Stability and Development Council (FSDC)

C Advisory Committee on Capital Markets

D Board for Financial Supervision (BFS)

6.

As of early 2026, the Reserve Bank of India (RBI) has maintained the repo rate at what level amidst persistent inflationary concerns?

A 6.50%

B 6.75%

C 6.25%

D 6.00%

Economy & Business MCQs - 2026-07-27