MCQs - 2026-04

Green hydrogen is particularly crucial for decarbonizing 'hard-to-abate' sectors like heavy transport, steel manufacturing, and the chemical industry, where electrification is challenging.

The primary objective of the National Green Hydrogen Mission is to position India as a leading global producer and exporter of green hydrogen.

India has set an ambitious target of achieving 500 GW of non-fossil fuel-based energy capacity by the year 2030.

Interoperability ensures that different digital systems can communicate and exchange information, leading to a more integrated and efficient digital ecosystem.

DPI adoption can significantly boost economic development by improving efficiency, transparency, and access to financial services, thereby promoting financial inclusion.

India is actively promoting its DPI model to developing nations, with significant interest and ongoing discussions in regions like Africa, Southeast Asia, and Latin America.

India's DPI is designed to be open, allowing for innovation and integration by third parties; interoperable, enabling different systems to work together; and inclusive, ensuring access for all segments of society.

The Unified Payments Interface (UPI) is a crucial component of India's DPI, enabling seamless and instant digital payments across various platforms.

The RBI's inflation target is 4% with a tolerance band of +/- 2%, meaning it aims to keep inflation between 2% and 6%.

An increase in the repo rate makes it more expensive for banks to borrow from the RBI, which in turn leads to higher lending rates for businesses and consumers, thus increasing borrowing costs.