MCQs on Economy & Business Current Affairs (Sept 2026)

1.

What is the target range for retail inflation (CPI) set by the Government of India for the RBI?

A 4% +/- 2%

B 5% +/- 3%

C 3% +/- 1%

D 6% +/- 2%

2.

Which organization releases the Consumer Price Index (CPI) data in India?

A National Statistical Office (NSO)

B Reserve Bank of India (RBI)

C NITI Aayog

D Ministry of Finance

3.

In India, retail inflation is primarily measured using which index?

A Wholesale Price Index (WPI)

B Consumer Price Index (CPI) - Combined

C Producer Price Index (PPI)

D GDP Deflator

4.

What is the primary objective of the RBI's Monetary Policy Framework in India?

A To maximize the profit of commercial banks

B To maintain price stability while keeping in mind the objective of growth

C To regulate the stock market indices

D To manage the fiscal deficit of the Union Government

5.

Which of the following instruments is NOT a direct tool used by the RBI in its Bi-Monthly Monetary Policy to manage liquidity?

A Repo Rate

B Cash Reserve Ratio (CRR)

C Goods and Services Tax (GST) Rate

D Statutory Liquidity Ratio (SLR)

6.

As of early 2026, which committee is responsible for determining the policy repo rate in India?

A Monetary Policy Committee (MPC)

B Financial Stability and Development Council (FSDC)

C Economic Advisory Council to the Prime Minister

D Reserve Bank Board

Economy & Business MCQs - 2026-09-19