MCQs - 2026-05

The SSLV-D3 mission successfully placed the EOS-08 satellite into its intended orbit.

Global tech giants often bring cutting-edge technology and sophisticated manufacturing processes, which can lead to technology transfer and upskilling of the local workforce.

Foreign Direct Investment (FDI) involves a company establishing or acquiring business operations in a foreign country, which includes setting up manufacturing facilities.

Investment in manufacturing directly boosts the production capacity and creates jobs within the manufacturing sector, leading to increased output and employment.

To boost exports, such schemes typically offer assistance in understanding foreign markets, showcasing products internationally, and navigating complex international trade regulations.

The Ministry of Commerce and Industry, through its departments like the Department of Commerce, is the nodal ministry for formulating and implementing policies related to trade, commerce, and export promotion.

The name of the scheme itself, 'Global Market Access', clearly indicates its objective is to facilitate and enhance India's access to international markets for its goods and services, thereby boosting exports.

Easing inflation concerns mean that the rate at which prices are rising is decelerating, suggesting that inflationary pressures are moderating.

Maintaining the repo rate, especially when inflation concerns are easing but not fully resolved, suggests a neutral stance, neither actively tightening nor easing policy.

The Repo Rate is the rate at which the RBI lends money to commercial banks. By adjusting this rate, the RBI influences borrowing costs and thus controls inflation and liquidity.