Economy and Business Current Affairs MCQs

1.

Which of the following factors is typically surveyed to calculate the Manufacturing PMI?

A Consumer confidence and retail sales

B New orders, output, employment, and supplier delivery times

C Inflation rates and interest rates

D Government spending and fiscal deficit

2.

What does a Purchasing Managers' Index (PMI) above 50 generally signify?

A A contraction in manufacturing activity

B No change in manufacturing activity

C An expansion in manufacturing activity

D A decline in new orders

3.

According to reports in October 2026, India's Manufacturing Purchasing Managers' Index (PMI) indicated what trend?

A Sharp contraction

B Stagnation

C Steady growth

D Decline

4.

Maintaining the repo rate at 6.5% in October 2026 is generally indicative of the RBI's stance on which economic aspect?

A Aggressive monetary easing to boost growth

B Tightening monetary policy to control inflation

C A balanced approach to manage inflation and growth

D Focusing solely on exchange rate stability

5.

Which committee is responsible for deciding the repo rate in India?

A Securities and Exchange Board of India (SEBI)

B Monetary Policy Committee (MPC) of RBI

C Finance Commission

D NITI Aayog

6.

In its October 2026 policy review, 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 - 2026-10-09