MCQs 2026

The PLI scheme offers incentives to companies on incremental sales from products manufactured in domestic units to boost the manufacturing sector.

The PMI Manufacturing is a key indicator that tracks variables such as output, new orders, and employment in the manufacturing sector.

The statutory target for inflation is 4% with a tolerance band of +/- 2% (i.e., 2% to 6%).

The MPC consists of 6 members: three from the RBI (including the Governor) and three appointed by the Central Government.

The RBI has maintained the stance of 'Withdrawal of Accommodation' to ensure that inflation progressively aligns with the target while supporting growth.

The Central Statistics Office (CSO) currently uses 2011-12 as the base year for calculating the Gross Domestic Product (GDP) of India.

The government's focus on infrastructure through increased Capital Expenditure (Capex) has been a significant driver of India's sustained economic growth.

The RBI, in its recent monetary policy meetings, has projected India's real GDP growth for FY 2024-25 at 7.2%, citing strong domestic demand and investment activity.

Climate finance refers to local, national, or transnational financing drawn from public, private, and alternative sources of financing to support climate change mitigation and adaptation actions.

The Green Climate Fund (GCF) is a critical fund established under the UNFCCC to assist developing countries in adaptation and mitigation practices.