MCQs - 2026-04

The e-INR is designed to be a digital form of fiat currency, complementing existing payment methods and improving the overall efficiency and accessibility of the payment system, not to replace cash entirely or facilitate speculation.

A dovish monetary policy stance generally involves lower interest rates and increased money supply, which encourages borrowing, credit growth, and investment, thereby supporting economic expansion.

As of April 4, 2026, leading financial institutions have revised India's GDP growth projections for FY27 upwards to a range of 7.5% to 8.2%.

The Insolvency and Bankruptcy Code (IBC) was enacted to streamline the process of resolving insolvency and bankruptcy cases, significantly improving the ease of doing business and the efficiency of the financial sector.

PLI schemes are a key government initiative designed to incentivize domestic manufacturing and attract foreign investment in various sectors, thereby boosting the manufacturing output.

While global crude oil prices are a significant economic factor, the upward revision in GDP growth projections for FY27 is primarily attributed to domestic demand, structural reforms, and global trade recovery, not a specific decline in crude oil prices.

The advancements reported suggest that the timeline for achieving commercial fusion power may be accelerating.

Fusion power offers a clean, safe, and abundant energy source with minimal greenhouse gas emissions and no long-lived radioactive waste.

The International Thermonuclear Experimental Reactor (ITER) is mentioned as a significant international project in nuclear fusion research.

The IAEA is the world's center for cooperation in the nuclear field.