MCQs on Entertainment Current Affairs (August 2026)

61.

When aggregate demand in an economy outpaces aggregate supply, leading to a general rise in prices, this phenomenon is known as:

A Cost-push inflation

B Stagflation

C Demand-pull inflation

D Hyperinflation

62.

Which of the following is a quantitative tool used by the Reserve Bank of India (RBI) to control inflation?

A Moral Suasion

B Direct Action

C Repo Rate

D Selective Credit Control

63.

What is the primary objective of the Reserve Bank of India's (RBI) monetary policy framework?

A To maximize employment opportunities in the country.

B To maintain exchange rate stability of the Indian Rupee.

C To achieve price stability while keeping in mind the objective of growth.

D To manage the government's public debt effectively.

64.

Which of the following sectors has been a significant beneficiary and early success story under the Production Linked Incentive (PLI) scheme, particularly in boosting domestic production and exports?

A Tourism and Hospitality

B Information Technology Services

C Mobile Phone Manufacturing

D Renewable Energy Generation

65.

Under the PLI scheme, incentives are typically provided based on which of the following criteria?

A The total capital investment made by the company in a financial year.

B The number of new employees hired by the manufacturing unit.

C Incremental sales of manufactured goods over a base year.

D The amount of research and development expenditure incurred by the company.

66.

What is the primary objective of the Production Linked Incentive (PLI) scheme launched by the Indian government?

A To reduce the fiscal deficit by cutting government expenditure.

B To promote agricultural exports and ensure food security.

C To boost domestic manufacturing, create jobs, and make Indian industries globally competitive.

D To regulate foreign direct investment (FDI) in critical sectors.

67.

Which of the following statements is true regarding First Loss Default Guarantee (FLDG) arrangements under RBI's revised digital lending guidelines?

A FLDG is completely prohibited for all digital lending activities.

B FLDG is allowed only between banks and non-banking financial companies (NBFCs).

C FLDG is permitted between Regulated Entities and Lending Service Providers under specific conditions and limits.

D FLDG is mandatory for all digital loans to mitigate risk for lenders.

68.

What is the primary purpose of the 'cooling-off' period introduced by RBI in its digital lending guidelines?

A To allow lenders to assess the borrower's creditworthiness more thoroughly.

B To provide a window for borrowers to exit the loan by paying the principal and proportionate APR without penalty.

C To facilitate faster processing of loan applications by digital lenders.

D To enable the RBI to review the terms and conditions of digital loans.

69.

Under the Reserve Bank of India's (RBI) digital lending guidelines, which entity is primarily responsible for all loan disbursements and repayments?

A Lending Service Providers (LSPs)

B Payment Gateways

C Regulated Entities (REs)

D Third-party aggregators

70.

Which term refers to a trade barrier where a country limits the quantity of a specific good that can be imported?

A Tariff

B Quota

C Subsidy

D Embargo

MCQs 2026