Economy & Business MCQs - 2026-04-04

CBDCs have the potential to streamline cross-border payments by reducing the need for intermediaries, thereby lowering transaction costs and accelerating settlement times.

The Reserve Bank of India (RBI) is the central bank responsible for the development, issuance, and piloting of the Digital Rupee (e-INR).

Programmable money allows for the embedding of specific conditions or rules into the digital currency, enabling its use for targeted purposes like direct benefit transfers or specific policy implementations.

The expanded pilot is exploring advanced use cases like programmable money for targeted subsidies, cross-border payments, and integration with tokenized assets, going beyond basic retail transactions.

The e-INR is designed to be a digital form of fiat currency, complementing existing payment methods and improving the overall efficiency and accessibility of the payment system, not to replace cash entirely or facilitate speculation.

A dovish monetary policy stance generally involves lower interest rates and increased money supply, which encourages borrowing, credit growth, and investment, thereby supporting economic expansion.

As of April 4, 2026, leading financial institutions have revised India's GDP growth projections for FY27 upwards to a range of 7.5% to 8.2%.

The Insolvency and Bankruptcy Code (IBC) was enacted to streamline the process of resolving insolvency and bankruptcy cases, significantly improving the ease of doing business and the efficiency of the financial sector.

PLI schemes are a key government initiative designed to incentivize domestic manufacturing and attract foreign investment in various sectors, thereby boosting the manufacturing output.

While global crude oil prices are a significant economic factor, the upward revision in GDP growth projections for FY27 is primarily attributed to domestic demand, structural reforms, and global trade recovery, not a specific decline in crude oil prices.