Economy and Business Current Affairs MCQs

1.

Which of the following is likely to be a component of the new export incentive scheme for MSMEs?

A Increased import duties on raw materials.

B Subsidies on export credit and insurance.

C Restrictions on technology adoption.

D Higher taxes on export earnings.

2.

What is the primary goal of the new export incentive scheme launched for MSMEs by the government?

A To reduce domestic consumption.

B To increase import substitution.

C To enhance the competitiveness of MSME exports in global markets.

D To discourage foreign investment.

3.

The Indian government has recently launched a new export incentive scheme specifically aimed at boosting exports from which sector?

A Large-scale manufacturing industries

B Micro, Small and Medium Enterprises (MSMEs)

C Agricultural sector

D Service sector startups

4.

The decision to maintain the repo rate at 6.5% in August 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 and Development Council (FSDC)

5.

What is the primary objective of maintaining the repo rate at 6.5% by the RBI in August 2026, as per its policy review?

A To stimulate economic growth aggressively.

B To control inflation and ensure price stability.

C To increase the value of the Indian Rupee.

D To reduce the government's borrowing costs.

6.

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

A 6.25%

B 6.50%

C 6.75%

D 7.00%

Economy & Business MCQs - 2026-08-21