How do the PLI schemes typically incentivize manufacturers to boost production and achieve scale?
A By offering direct subsidies on the purchase of raw materials.
B By providing incentives based on incremental sales/production over a base year.
C By imposing high tariffs on domestically produced goods.
D By mandating specific employment quotas for new hires.
Answer: B
PLI schemes are designed to provide incentives to companies based on incremental sales or production of goods manufactured in India, encouraging them to invest in capacity expansion and achieve economies of scale.
72.
What is the primary objective of the Production Linked Incentive (PLI) scheme in India, which has seen extended benefits by 2026?
A To provide incentives for increasing domestic manufacturing and exports across key sectors.
B To promote imports and reduce reliance on domestic production.
C To discourage foreign investment in India's manufacturing sector.
D To focus solely on agricultural output and food processing industries.
Answer: A
The PLI scheme aims to boost domestic manufacturing, create jobs, and enhance India's export capabilities by offering incentives on incremental sales from products manufactured in India.
73.
Which entities are primarily brought under the regulatory ambit of the RBI's enhanced digital lending framework?
A Only individual borrowers and their credit scores.
B Only technology platforms providing digital interfaces.
C Regulated Entities (REs) and their associated Lending Service Providers (LSPs).
D Only payment banks and non-banking financial companies (NBFCs).
Answer: C
The framework primarily regulates Regulated Entities (REs) such as banks and NBFCs, and their associated Lending Service Providers (LSPs) who facilitate digital lending, ensuring that all participants adhere to fair practices.
74.
As per the RBI's digital lending guidelines, how should the loan disbursement and repayment be handled between the borrower and the Regulated Entity (RE)?
A Directly between the borrower and the RE, without any pass-through involvement of a Lending Service Provider (LSP).
B Through the Lending Service Provider (LSP) to the borrower's account.
C Via a third-party payment gateway chosen by the LSP, with funds routed through the LSP's account.
D In cash directly from the LSP to the borrower.
Answer: A
A key guideline mandates that loan disbursement and repayment must be executed directly between the borrower and the Regulated Entity (RE) without any pass-through involvement of a Lending Service Provider (LSP) to ensure transparency and accountability.
75.
What is a key objective of the RBI's enhanced digital lending framework, operational by 2026?
A Ensuring consumer protection and responsible lending practices.
B Promoting unregulated lending to boost credit growth.
C Encouraging predatory lending practices by FinTech companies.
D Limiting access to credit for small and medium-sized enterprises.
Answer: A
The RBI's enhanced digital lending framework primarily aims to protect consumers from unethical lending practices, ensure transparency, and promote responsible lending by regulated entities and their lending service providers.
76.
Beyond economic and strategic cooperation, the Quirinal Treaty between Italy and France specifically promotes collaboration in which of the following cultural domains?
A Joint film productions and festivals
B Space exploration
C Renewable energy projects
D Cybersecurity initiatives
Answer: A
The Quirinal Treaty includes provisions for enhanced cooperation in culture, education, and youth exchanges, explicitly mentioning areas like joint film productions, cultural heritage preservation, and artistic collaborations.
77.
In which year was the landmark Quirinal Treaty, enhancing bilateral ties between Italy and France, officially signed?
A 2021
B 2022
C 2023
D 2024
Answer: A
The Quirinal Treaty was signed on November 26, 2021, by Italian Prime Minister Mario Draghi and French President Emmanuel Macron at the Quirinal Palace in Rome.
78.
The comprehensive bilateral agreement signed between Italy and France to deepen cooperation across various sectors, including culture, is known as the:
The Quirinal Treaty, officially known as the 'Treaty between the Italian Republic and the French Republic for enhanced bilateral cooperation,' was signed in 2021 to strengthen ties across various domains, including culture, education, and youth exchanges.
79.
Which of the following international organizations' heads was invited to the G7 Summit in Italy to discuss global challenges, including development and climate change?
A African Union
B ASEAN
C OPEC
D Mercosur
Answer: A
Several non-G7 countries and international organizations, including the African Union, United Nations, IMF, and World Bank, were invited to participate in outreach sessions at the G7 Summit in Italy to broaden discussions on global issues.
80.
A significant outcome of the G7 Summit held in Italy was the agreement on utilizing frozen Russian assets to support which country?
A Ukraine
B Poland
C Georgia
D Moldova
Answer: A
G7 leaders agreed to provide Ukraine with a new $50 billion loan package, backed by the profits from frozen Russian sovereign assets, demonstrating a strong commitment to Ukraine's long-term security and reconstruction.
