MCQs 2026

By boosting domestic production of green technologies, such a scheme can lead to reduced dependence on imports, foster innovation, create jobs, and contribute significantly to India's energy security and climate change mitigation goals.

PLI schemes for sectors like advanced green technologies (e.g., EV manufacturing, solar PV modules) typically fall under the purview of ministries such as the Ministry of Heavy Industries, Ministry of New and Renewable Energy, or the Ministry of Commerce and Industry, depending on the specific focus.

PLI schemes are designed to incentivize domestic manufacturing in key sectors, including green technologies, by offering incentives on incremental sales from products manufactured in India, thereby boosting local production and exports.

Maintaining the repo rate suggests that the RBI perceives the current monetary policy stance as appropriate to achieve its objectives, implying a relatively stable economic outlook where existing inflation and growth risks are balanced.

The primary objective of the RBI's monetary policy, as mandated, is to maintain price stability while keeping in mind the objective of growth. Maintaining the repo rate can signal stability and support these goals.

The Monetary Policy Committee (MPC) is a six-member body responsible for fixing the benchmark interest rate (repo rate) in India. It aims to maintain price stability while keeping in mind the objective of growth.

ASEAN was established on August 8, 1967, in Bangkok, Thailand, with the signing of the ASEAN Declaration.

The partnership focuses on deepening ties in trade, maritime security, connectivity, and cultural exchanges.

India is a strategic partner of ASEAN but is not a member state of the Association of Southeast Asian Nations.

The United Nations headquarters is located in New York City, USA.