Economy and Business Current Affairs MCQs

1.

Which of the following is likely a core feature of the new digital credit platform for MSMEs?

A Integration with traditional brick-and-mortar bank branches only.

B Use of blockchain technology for secure and transparent transactions.

C Requirement for physical collateral for all loan amounts.

D Manual submission of all financial documents.

2.

What is a key benefit expected from the new digital credit platform for MSMEs?

A Increased paperwork and manual verification processes.

B Faster loan approvals and reduced processing times.

C Higher interest rates for borrowers.

D Limited access to only public sector banks.

3.

The Indian government recently launched a digital credit platform aimed at facilitating access to credit for which sector?

A Large Corporations

B Micro, Small and Medium Enterprises (MSMEs)

C Agricultural Cooperatives

D Startups in the Technology Sector

4.

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

A Securities and Exchange Board of India (SEBI) Board

B Monetary Policy Committee (MPC) of the RBI

C Finance Commission

D National Development Council

5.

What is the primary objective of the RBI maintaining the repo rate at 6.5% in October 2026?

A To stimulate rapid economic growth by reducing borrowing costs.

B To control inflation while ensuring sufficient liquidity for economic growth.

C To encourage foreign direct investment by increasing interest rates.

D To reduce the government's fiscal deficit.

6.

In its October 2026 monetary 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 - 2026-10-14