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MCQs 2026

201.
A stable interest rate environment, as maintained by the RBI, primarily provides predictability for which of the following?
A Government expenditure
B Foreign exchange rates
C Business investment decisions
D Agricultural output
202.
What is the target band for inflation that the RBI aims to maintain?
A 2% +/- 1%
B 4% +/- 2%
C 6% +/- 2%
D 5% +/- 1%
203.
Which of the following are mentioned as potential upside risks to inflation that the MPC remains wary of?
A 1. Unpredictable weather patterns affecting food prices 2. Global energy price fluctuations 3. Impact of fiscal policies 4. Strong domestic demand
B 1, 2 and 3 only
C 1, 3 and 4 only
D 2, 3 and 4 only
204.
As of April 2026, what is the likely stance of the RBI's Monetary Policy Committee (MPC)?
A Aggressive rate hikes to curb inflation
B Significant rate cuts to stimulate growth
C Maintaining a cautious 'withdrawal of accommodation' stance with stable policy rates
D Focusing solely on boosting liquidity in the banking system
205.
What was the primary objective of the RBI's aggressive interest rate hikes starting in 2022?
A To boost export competitiveness
B To combat surging inflation
C To encourage foreign direct investment
D To stimulate domestic consumption
206.
The Production Linked Incentive (PLI) schemes are primarily aimed at boosting which sector in India?
A Agriculture
B Services
C Manufacturing
D Mining
207.
Which of the following global challenges are mentioned as a backdrop to India's economic growth?
A 1. Geopolitical tensions 2. Elevated global inflation 3. General slowdown in major developed economies 4. Rapid technological advancements in competitor nations
B 1, 2 and 3 only
C 1, 3 and 4 only
D 2, 3 and 4 only
208.
Consider the following statements regarding the 'Impact/Significance' of India's economic growth: 1. It is crucial for job creation and poverty reduction. 2. It enhances India's attractiveness as a global investment destination. 3. It is instrumental in achieving India's goal of becoming a developed nation by 2047. Which of the statements given above are correct?
A 1 and 2 only
B 2 and 3 only
C 1 and 3 only
D 1, 2 and 3
209.
What is India's projected GDP growth range for FY26, as per the current context in April 2026?
A 4.5% to 5.5%
B 5.8% to 6.2%
C 6.8% to 7.2%
D 7.5% to 8.0%
210.
Which of the following are identified as primary drivers of India's economic growth in the post-pandemic era, as of April 2026?
A 1. Robust domestic demand 2. Significant government capital expenditure 3. Strategic policy reforms 4. High global commodity prices
B 1, 2 and 3 only
C 1, 2 and 4 only
D 1, 3 and 4 only