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Latest current affairs set

Inflation and the repo rate hike, climate finance, IBC, Hindu succession and PLI schemes

13 November 2026 · 16 questions and a Mains question

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Inflation and the repo rate hike, climate finance, IBC, Hindu succession and PLI schemes

Latest set · 13 November 2026 · 16 questions and a Mains question

16 Prelims questions on the MPC's rate hike, climate finance and the Montreal Protocol, the IBC, coparcenary rights, PLI disbursals, electoral roll forms, sessions of Parliament, sanction to prosecute IAS officers and PVTGs, plus a Mains question on endangered tribal languages.

Question 1 of 16

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Economy

Question 1

Consider the following statements:

Statement-I: In October 2026, the Monetary Policy Committee raised the policy repo rate even though the rise in inflation was mainly supply-driven.

Statement-II: Inflation had begun spreading beyond food and fuel to most categories of the consumer basket, raising the risk of broad-based and persistent price pressures.

Which one of the following is correct in respect of the above statements?

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  1. 1Read the paper. The questions are written from that morning's newspapers, so read it first.
  2. 2Attempt the set. One question at a time. Pick an answer, skip it, or ask to see it. There is no timer.
  3. 3Learn from the explanation. Each answer comes with its reasoning: why each statement holds or fails.