MCQs - 2026-05

The Consumer Price Index (CPI) is the primary measure for retail inflation as it tracks the prices of a basket of goods and services consumed by households.

A 12-month low in retail inflation indicates that prices are rising at a slower pace compared to the previous year, which generally leads to increased purchasing power and a decrease in the overall rate of price increase.

ASEAN is a regional intergovernmental organization comprising ten countries in Southeast Asia.

Aligning regulatory standards, environmental regulations, and labor rights remains a complex part of the negotiations.

The FTA aims to boost trade, investment, and economic integration between the two major regional blocs.

Critics argue that the UNSC structure is outdated and fails to represent the current global power dynamics, particularly the underrepresentation of the Global South.

The permanent members of the UNSC are China, France, Russia, the United Kingdom, and the United States.

The G4 nations are four countries which support each other's bids for permanent seats on the United Nations Security Council.

By promoting sustainable transport options and efficient public transit, the policy is expected to lead to a reduction in pollution and greenhouse gas emissions.

The policy emphasizes creating a seamless transit experience by integrating different transport modes, promoting walking and cycling, and improving connectivity.