Economy & Business MCQs - 2026-04-04

Building resilient supply chains enhances a nation's economic independence by reducing its vulnerability to disruptions and over-reliance on specific countries.

While India is making progress, further enhancements in logistics infrastructure and streamlining of regulatory processes are crucial to sustain and maximize its role in global supply chains.

The increased interest in these sectors in India signifies its growing potential to integrate into and contribute significantly to global value chains for these products.

Government initiatives like Production Linked Incentive (PLI) schemes and significant investments in logistics infrastructure are crucial in making India an attractive manufacturing destination.

The 'China Plus One' strategy involves companies diversifying their manufacturing and sourcing bases beyond China to mitigate risks associated with over-reliance on a single country.

India's climate action goals, including emission reductions and renewable energy targets, are in line with its commitments under the Paris Agreement.

By reducing dependence on imported fossil fuels, India can enhance its energy security and positively impact its current account deficit.

PLI schemes are instrumental in boosting domestic manufacturing of key components for renewable energy and green hydrogen production, such as electrolyzers and solar panels.

Sectors like steel and cement, which require high temperatures and are difficult to decarbonize with electrification alone, are prime candidates for using green hydrogen as a clean fuel.

The National Green Hydrogen Mission aims to make India a global leader in the production and export of green hydrogen, a clean energy alternative.