RBI Digital Lending Guidelines & Economic Updates MCQs

81.

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

82.

When the RBI maintains the repo rate amidst stable inflationary trends, what does it primarily signal about its monetary policy stance?

A An expectation of rising inflation in the near future.

B A focus on stimulating economic growth without immediate inflation concerns.

C A move towards tightening monetary policy.

D A signal for banks to significantly increase lending rates.

83.

Who heads the Monetary Policy Committee (MPC) of the Reserve Bank of India, which is responsible for deciding the repo rate?

A The Union Finance Minister

B The Governor of the Reserve Bank of India

C The Chief Economic Advisor to the Government of India

D The Secretary, Ministry of Finance

84.

What is the primary purpose of the Repo Rate in India's monetary policy framework?

A To regulate the exchange rate of the Indian Rupee.

B To control the liquidity and inflation in the economy.

C To manage the government's fiscal deficit.

D To set the interest rate for public provident funds.

85.

What is a key factor that typically contributes to sustained GDP growth momentum in a developing economy like India?

A Decreased domestic consumption and investment.

B Strong growth in manufacturing and services sectors.

C High fiscal deficit and public debt.

D Reduced foreign direct investment (FDI).

86.

Which government agency is primarily responsible for compiling and releasing India's quarterly GDP data?

A Reserve Bank of India (RBI)

B Ministry of Finance

C National Statistical Office (NSO) under the Ministry of Statistics and Programme Implementation

D NITI Aayog

87.

What does "GDP growth momentum" primarily indicate in an economic context?

A A sustained increase in the rate of economic expansion.

B A temporary slowdown in economic activity.

C A decrease in the national debt.

D An increase in foreign exchange reserves.

88.

What does 'FY27' refer to in the context of India's financial year?

A The year 2027.

B The period from April 2027 to March 2028.

C The period from April 2026 to March 2027.

D The period from January 2027 to December 2027.

89.

Which of the following factors is expected to be a major contributor to India's GDP growth in Q2 FY27?

A Decline in global crude oil prices.

B Strong performance of the services sector and increased capital expenditure.

C Reduced government consumption expenditure.

D A significant drop in agricultural output.

90.

According to recent projections released in 2026, what is the estimated GDP growth rate for India in the second quarter (Q2) of the Financial Year 2026-27 (FY27)?

A 6.8%

B 7.0%

C 7.2%

D 7.5%

Economy & Business MCQs