Economy & Business MCQs: September 2026 Current Affairs

1.

What is a key objective of the new Export Development and Facilitation Initiative (EDFI)?

A To reduce import tariffs for domestic industries.

B To provide financial and logistical support to exporters.

C To restrict foreign investment in export-oriented sectors.

D To promote domestic consumption of goods.

2.

Which ministry is primarily responsible for the implementation of the new Export Development and Facilitation Initiative (EDFI)?

A Ministry of Finance

B Ministry of Commerce and Industry

C Ministry of External Affairs

D Ministry of Small and Medium Enterprises

3.

What is the name of the new export promotion scheme announced by the government in 2026?

A Make in India Export Initiative

B Global Trade Advancement Scheme (GTAS)

C Export Development and Facilitation Initiative (EDFI)

D Prime Minister's Export Excellence Award

4.

Which of the following is a primary objective of the RBI's monetary policy as per the Reserve Bank of India Act, 1934?

A Maximizing industrial output

B Maintaining price stability while keeping in mind the objective of growth

C Ensuring full employment

D Managing the exchange rate of the Indian Rupee

5.

What is the current stance of the RBI's monetary policy, as reiterated in the latest review meeting?

A Accommodative

B Neutral

C Withdrawal of accommodation

D Aggressively tightening

6.

At the conclusion of its recent monetary policy review meeting in 2026, what did the Reserve Bank of India (RBI) decide regarding the repo rate?

A Increased the repo rate by 25 basis points.

B Decreased the repo rate by 15 basis points.

C Kept the repo rate unchanged.

D Increased the reverse repo rate by 10 basis points.

7.

Which sector is expected to be a major contributor to India's GDP growth in Q2 FY27, according to the projections?

A Agriculture

B Services

C Manufacturing

D Construction

8.

What is the projected GDP growth rate for India in Q2 FY27 as per the latest projections?

A 6.5%

B 7.0%

C 7.2%

D 6.8%

9.

Which international financial institution recently projected India's GDP growth rate for Q2 FY27?

A World Bank

B International Monetary Fund (IMF)

C Asian Development Bank (ADB)

D Organisation for Economic Co-operation and Development (OECD)

Economy & Business MCQs - 2026-09-25