Economy & Business MCQs

The Pradhan Mantri Jan Dhan Yojana (PMJDY) has been instrumental in expanding financial inclusion, providing bank accounts to millions, which forms the bedrock for digital payment adoption and infrastructure.

In July 2026, the RBI MPC maintained its stance of 'withdrawal of accommodation' to ensure that inflation progressively aligns with the target while supporting growth.

The primary mandate of the RBI MPC is to maintain price stability while keeping in mind the objective of growth. In July 2026, the focus remained on anchoring inflation expectations and ensuring price stability.

In July 2026, the RBI MPC decided to keep the policy repo rate unchanged to manage inflation while supporting growth. The specific rate was maintained at 6.50%.

The RBI maintains a flexible inflation targeting framework with a target of 4% and an upper tolerance limit of 6% and lower limit of 2%.

Easing of food inflation, particularly in vegetables and perishables, contributed significantly to the cooling of the headline CPI in June 2026.

The Consumer Price Index (CPI) Combined is the official measure for retail inflation in India, used by the RBI for monetary policy.

The proposed transparency and disclosure norms are designed to apply across all AIF categories to maintain market integrity.

SEBI is tightening norms to ensure that AIFs do not act as conduits for circumventing foreign investment regulations or sectoral caps.

SEBI aims to curb potential regulatory arbitrage and ensure that AIFs do not bypass norms applicable to other regulated financial products.