July 2026 Economy Current Affairs MCQs for Competitive Exams

1.

Which of the following could be a component of the new fiscal incentives for the manufacturing sector announced in 2026?

A Increased import duties on raw materials.

B Reduction in corporate tax rates for manufacturing firms.

C Stricter environmental regulations.

D Withdrawal of production-linked incentives.

2.

What is a likely objective of the new fiscal incentives for the manufacturing sector announced in 2026?

A To increase imports of manufactured goods.

B To reduce domestic employment in manufacturing.

C To promote 'Make in India' and enhance export competitiveness.

D To discourage investment in new manufacturing units.

3.

The government, in 2026, announced new fiscal incentives primarily aimed at boosting which sector?

A Service Sector

B Agriculture Sector

C Manufacturing Sector

D IT and Software Sector

4.

The decision to maintain the repo rate at 6.5% in July 2026 was taken by which body of the Reserve Bank of India?

A Board of Directors

B Executive Committee

C Monetary Policy Committee (MPC)

D Financial Stability Board

5.

What is the primary objective of maintaining the repo rate at 6.5% by the RBI in July 2026, as per the MPC's decision?

A To stimulate economic growth aggressively.

B To control inflation while supporting growth.

C To encourage foreign investment inflows.

D To reduce the government's borrowing costs.

6.

In its July 2026 Monetary Policy Committee (MPC) meeting, the Reserve Bank of India (RBI) decided to maintain the policy repo rate at what percentage?

A 6.25%

B 6.50%

C 6.75%

D 7.00%

Economy & Business MCQs - 2026-07-30