Current Affairs & MCQs
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Economy & Business MCQs

1.
What is the target share of the manufacturing sector in India's GDP as envisioned under the National Manufacturing Policy?
A 15%
B 20%
C 25%
D 40%
2.
In the context of the manufacturing sector, what does a Purchasing Managers' Index (PMI) value above 50 indicate?
A Contraction in the sector
B No change in activity
C Expansion in the sector
D High unemployment
3.
Which flagship scheme of the Government of India aims to boost domestic manufacturing by providing financial incentives based on incremental sales?
A PM-Kisan
B Production Linked Incentive (PLI) Scheme
C MGNREGA
D Startup India
4.
The Monetary Policy Committee (MPC) consists of how many members?
A 4 members
B 5 members
C 6 members
D 7 members
5.
Which term describes the RBI's stance when it focuses on reducing the money supply in the economy to curb inflation?
A Accommodative Stance
B Neutral Stance
C Withdrawal of Accommodation
D Expansionary Stance
6.
What is the current primary objective of the Reserve Bank of India's Monetary Policy Committee (MPC)?
A Maximizing employment
B Maintaining price stability while keeping growth in mind
C Fixing the exchange rate of the Rupee
D Managing the fiscal deficit
7.
What does 'Real GDP' measure that 'Nominal GDP' does not?
A Growth at current market prices
B Growth adjusted for inflation using constant prices
C Total value of services only
D Growth including international aid
8.
Which of the following components has been the primary driver of India's recent GDP growth momentum?
A Private Final Consumption Expenditure
B Gross Fixed Capital Formation (Investment)
C Net Exports
D Government Subsidies
9.
As per the Reserve Bank of India's (RBI) latest projections for the financial year 2024-25, what is the estimated real GDP growth rate for India?
A 6.5%
B 7.0%
C 7.2%
D 8.1%
10.
In the context of the Index of Industrial Production (IIP), which sector has the highest weightage?
A Mining
B Electricity
C Manufacturing
D Construction
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