MCQs - 2026-04

The growth in defense exports is a direct indicator of India's increasing self-reliance and its ability to compete globally in defense manufacturing, aligning with the 'Atmanirbhar Bharat' vision.

While India is developing its naval capabilities, nuclear submarines are not currently among the key defense export items contributing to the recent surge.

The 'Make in India' initiative is a flagship program designed to encourage domestic manufacturing across various sectors, including defense.

India's defense exports reached a record high of ₹21,083 crore in FY 2023-24, as reported by the Ministry of Defence.

The current context mentions 'adopt digital tools for operations, marketing, and financial management'.

The impact section states, 'Digitalization will improve MSMEs' access to credit by enabling better financial record-keeping and transparency, making them more attractive to lenders'.

The current context mentions financial assistance, technical support, and capacity building programs. Direct equity investment is not listed as a component.

The current context clearly states that the scheme 'is specifically designed to accelerate the digital transformation journey of MSMEs nationwide'.

The current context specifies that the 'Ministry of Finance, in close collaboration with the Small Industries Development Bank of India (SIDBI), officially launched the 'Vikas Nidhi' scheme'.

The current context states that the 'Vikas Nidhi' scheme was launched on April 7, 2026.