Economy and Banking MCQs: August 2026 Current Affairs

1.

The RBI's decision to conduct Open Market Operations in August 2026 indicated a stance aimed at:

A Tightening monetary policy

B Easing monetary policy

C Maintaining status quo in monetary policy

D Implementing fiscal stimulus

2.

What was the primary objective of the RBI's liquidity management strategy in August 2026?

A To curb inflation by absorbing excess liquidity

B To stimulate economic growth by injecting liquidity

C To maintain the stability of the Indian Rupee

D To reduce the government's borrowing costs

3.

In August 2026, the Reserve Bank of India (RBI) primarily used which of the following tools to manage liquidity in the banking system?

A Open Market Operations (OMOs)

B Cash Reserve Ratio (CRR) adjustments

C Statutory Liquidity Ratio (SLR) adjustments

D Reverse Repurchase Agreements (Reverse Repo)

4.

Compared to July 2026, the retail inflation rate in August 2026 showed a:

A Significant increase

B Slight decrease

C No significant change

D Sharp decline

5.

Which category contributed the most to the retail inflation in August 2026, as indicated by the CPI data?

A Food and Beverages

B Housing

C Transport and Communication

D Clothing and Footwear

6.

As per the latest data released in September 2026, what was the approximate year-on-year retail inflation rate (CPI) in India for August 2026?

A 4.8%

B 5.2%

C 5.5%

D 4.5%

Economy & Business MCQs - 2026-08-16