📘 Recent Current Affairs – February 2026
Page 18 – 50 High-Level MCQs Practice (Part 2 – Advanced)
🔹 Economy & Monetary Policy
Q1. With reference to Repo Rate, consider the following:
1. It is the rate at which RBI lends to commercial banks.
2. It directly controls fiscal deficit.
3. It influences inflation through liquidity management.
A) 1 only
B) 1 and 3 only
C) 2 and 3 only
D) 1, 2 and 3
Answer: B
Explanation: Repo rate affects liquidity and inflation but does not directly control fiscal deficit.
1. It is the rate at which RBI lends to commercial banks.
2. It directly controls fiscal deficit.
3. It influences inflation through liquidity management.
A) 1 only
B) 1 and 3 only
C) 2 and 3 only
D) 1, 2 and 3
Answer: B
Explanation: Repo rate affects liquidity and inflation but does not directly control fiscal deficit.
Q2. Which of the following may lead to capital outflows?
1. High US interest rates
2. Strong domestic currency
3. Stable macroeconomic environment
A) 1 only
B) 1 and 2 only
C) 2 and 3 only
D) 1, 2 and 3
Answer: B
1. High US interest rates
2. Strong domestic currency
3. Stable macroeconomic environment
A) 1 only
B) 1 and 2 only
C) 2 and 3 only
D) 1, 2 and 3
Answer: B
🔹 Environment & Climate
Q3. Carbon Credit mechanism operates on the principle of:
1. Polluter Pays Principle
2. Cap and Trade System
3. Command Economy Regulation
A) 1 only
B) 1 and 2 only
C) 2 and 3 only
D) 1, 2 and 3
Answer: B
1. Polluter Pays Principle
2. Cap and Trade System
3. Command Economy Regulation
A) 1 only
B) 1 and 2 only
C) 2 and 3 only
D) 1, 2 and 3
Answer: B
Q4. Net Zero strategy includes:
1. Renewable energy transition
2. Carbon sequestration
3. Complete ban on industries
A) 1 only
B) 1 and 2 only
C) 2 and 3 only
D) 1, 2 and 3
Answer: B
1. Renewable energy transition
2. Carbon sequestration
3. Complete ban on industries
A) 1 only
B) 1 and 2 only
C) 2 and 3 only
D) 1, 2 and 3
Answer: B
🔹 Governance & Policy
Q5. Direct Benefit Transfer improves governance by:
1. Reducing middlemen
2. Enhancing transparency
3. Increasing fiscal leakages
A) 1 and 2 only
B) 2 only
C) 1 and 3 only
D) 1, 2 and 3
Answer: A
1. Reducing middlemen
2. Enhancing transparency
3. Increasing fiscal leakages
A) 1 and 2 only
B) 2 only
C) 1 and 3 only
D) 1, 2 and 3
Answer: A
🔹 Internal Security
Q6. Hybrid warfare includes:
1. Cyber attacks
2. Disinformation campaigns
3. Conventional armed conflict
A) 1 and 2 only
B) 2 and 3 only
C) 1 and 3 only
D) 1, 2 and 3
Answer: D
1. Cyber attacks
2. Disinformation campaigns
3. Conventional armed conflict
A) 1 and 2 only
B) 2 and 3 only
C) 1 and 3 only
D) 1, 2 and 3
Answer: D
🔹 Reports & Institutions
Q7. Consider the following:
1. HDI includes life expectancy.
2. Global Innovation Index measures patents.
3. Global Hunger Index measures GDP growth.
A) 1 and 2 only
B) 2 only
C) 1 and 3 only
D) 1, 2 and 3
Answer: A
1. HDI includes life expectancy.
2. Global Innovation Index measures patents.
3. Global Hunger Index measures GDP growth.
A) 1 and 2 only
B) 2 only
C) 1 and 3 only
D) 1, 2 and 3
Answer: A
🎯 Advanced Elimination Strategy
- Avoid extreme words like “always” or “only” unless certain.
- If one statement is clearly wrong, eliminate options containing it.
- Look for conceptual consistency.
- Link current affairs with static concepts.
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Recent Current Affairs Series – Page 18 (Advanced MCQs Part 2)
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