In which year did ISRO successfully conduct the test of its Reusable Launch Vehicle (RLV) - Technology Demonstrator (TD)?
A 2022
B 2023
C 2024
D 2025
Answer: C
ISRO successfully conducted the test of its Reusable Launch Vehicle (RLV) - Technology Demonstrator (TD) on April 7, 2024, at the Satish Dhawan Space Centre in Sriharikota.
22.
What is the immediate economic impact expected from a significant government investment in infrastructure?
A Creation of jobs, increased demand for raw materials, and stimulation of related industries
B Immediate decrease in the national debt
C Reduction in consumer prices across all goods and services
D A significant and immediate increase in exports only
Answer: A
Infrastructure projects are labor-intensive and require substantial inputs like cement, steel, and machinery, leading to direct job creation and boosting demand in allied sectors, thereby stimulating economic activity.
23.
Which of the following is a common and effective method for the government to fund large-scale infrastructure projects?
A Public-Private Partnerships (PPPs)
B Reducing all social welfare schemes to reallocate funds
C Increasing subsidies for consumers across all sectors
D Decreasing corporate taxes significantly to encourage private funding only
Answer: A
Public-Private Partnerships (PPPs) are widely used for infrastructure projects, combining government support with private sector capital, expertise, and efficiency to deliver large-scale projects.
24.
A major infrastructure investment plan by the government typically aims to achieve which of the following objectives?
A Enhance productivity, improve logistics, and boost overall economic competitiveness
B Primarily reduce the fiscal deficit through immediate revenue generation
C Increase direct foreign investment only in the financial sector
D Decrease employment opportunities in traditional sectors
Answer: A
Infrastructure development improves connectivity, reduces transportation costs, and creates a more efficient environment for businesses, directly enhancing productivity and competitiveness across sectors.
25.
When the RBI adopts a tight monetary policy to combat inflation, what is a likely consequence for the economy?
A Higher interest rates and reduced liquidity
B Lower interest rates and increased liquidity
C Increased government spending and fiscal deficit
D Reduced tax rates to stimulate demand
Answer: A
A tight monetary policy involves measures like increasing policy rates (e.g., Repo Rate) and reducing money supply, which leads to higher borrowing costs for businesses and consumers, thereby reducing overall liquidity in the economy.
26.
What is the primary mandate of the Monetary Policy Committee (MPC) of the RBI, especially when inflation control is the focus?
A Maintain price stability while keeping in mind the objective of growth
B Promote economic growth at any cost
C Manage foreign exchange reserves exclusively
D Regulate the banking sector's day-to-day operations
Answer: A
The primary objective of monetary policy in India is to maintain price stability while keeping in mind the objective of growth, as mandated by the RBI Act, 1934.
27.
In its latest monetary policy review, if the RBI aims to control inflation, what action is it most likely to take regarding the Repo Rate?
A Increase the Repo Rate
B Decrease the Repo Rate
C Keep the Repo Rate unchanged
D Introduce a new type of interest rate
Answer: A
Increasing the Repo Rate makes borrowing more expensive for commercial banks, which in turn reduces the money supply in the economy and helps curb inflation.
28.
Which of the following is a significant challenge that G20 nations aim to address through enhanced supply chain resilience, as discussed in their 2026 ministerial meeting?
A Over-saturation of global markets with goods.
B Lack of access to essential goods during global crises.
C Excessive competition leading to price wars.
D Reduced demand for manufactured products.
Answer: B
A major driver for focusing on supply chain resilience is to ensure the continuous availability of essential goods, medicines, and raw materials, especially during disruptions caused by pandemics, natural disasters, or geopolitical conflicts.
29.
The G20 Ministerial Meeting on Supply Chain Resilience in 2026 also addressed the role of digitalization. What is a key benefit of digitalization in strengthening supply chains?
A Increased manual labor requirements in logistics.
B Enhanced transparency, traceability, and efficiency.
C Reduced need for international cooperation.
D Greater dependence on paper-based documentation.
Answer: B
Digitalization technologies like blockchain, IoT, and AI can provide real-time visibility into supply chains, improve tracking of goods, automate processes, and enable better decision-making, thereby enhancing resilience.
30.
In 2026, a G20 Ministerial Meeting focused on enhancing supply chain resilience. What was a primary objective discussed at this meeting?
A To establish a global minimum corporate tax rate for all G20 nations.
B To promote diversification and de-risking of supply chains from over-reliance on single sources.
C To create a unified G20 currency for international trade.
D To mandate the immediate cessation of all trade with non-G20 countries.
Answer: B
A key objective of discussions on supply chain resilience is to reduce vulnerabilities by diversifying sources, increasing transparency, and building redundancy to withstand shocks like pandemics or geopolitical events.
