MCQs 2026

The PLI scheme for semiconductors focuses on the hardware manufacturing aspects, including design, fabrication, and assembly/testing/packaging. Software development for operating systems is generally outside the scope of this specific hardware-centric PLI scheme.

A primary goal of the expanded PLI scheme is to reduce India's dependence on foreign countries for semiconductors, thereby enhancing self-reliance and supply chain security.

The Indian government has recently expanded the PLI scheme specifically to strengthen and develop the semiconductor manufacturing ecosystem within the country.

The Monetary Policy Committee (MPC) is constituted by the Government of India to determine the policy repo rate required to achieve the inflation target while considering the need to keep in mind the objective of growth.

The RBI's primary mandate is to maintain price stability while keeping in mind the objective of growth. Maintaining the repo rate is a tool to manage inflation and achieve this balance.

The RBI's Monetary Policy Committee (MPC) in its September 2026 review decided to keep the policy repo rate unchanged at 6.50%.

G20 Finance Ministers recognize that Multilateral Development Banks (MDBs) are crucial for mobilizing finance, especially for developing countries. Reforms aim to optimize their balance sheets, increase their lending capacity, and enhance their catalytic role in attracting private investment for sustainable development and climate action, thereby helping to bridge the SDG financing gap.

The 'SDG financing gap' refers to the substantial shortfall in the financial resources required globally to achieve the 17 Sustainable Development Goals by the target year of 2030. G20 discussions often revolve around strategies to bridge this multi-trillion dollar gap.

The G20 Finance Ministers and Central Bank Governors primarily focus on mobilizing financial resources, coordinating macroeconomic policies, and promoting reforms in international financial institutions to accelerate progress towards the Sustainable Development Goals.

UN Security Council Resolution 2177 (2014) on the Ebola outbreak in West Africa was a landmark resolution that explicitly declared the outbreak a 'threat to international peace and security,' marking a significant expansion of the Council's engagement with global health issues.