Economy & Business MCQs

21.

The trend of cross-border UPI transactions indicates:

A A decrease in international trade

B Expansion of India's digital payment reach beyond its borders

C A move towards a completely cashless society within India

D Reduced reliance on foreign currencies

22.

Which of the following is a key enabler of India's digital payments revolution?

A Limited internet penetration

B High cost of smartphones

C Government initiatives like Digital India

D Dominance of traditional banking methods

23.

A significant increase in digital payments is most likely to contribute to:

A Increased reliance on cash transactions

B Reduced financial inclusion

C Enhanced transparency and reduced shadow economy

D Higher transaction costs for small businesses

24.

The National Payments Corporation of India (NPCI) is responsible for:

A Setting interest rates for banks

B Regulating the stock market

C Operating retail payment systems like UPI and RuPay

D Issuing currency notes

25.

Which payment system has been a primary driver of the record transaction volumes in India's digital payments ecosystem?

A NEFT

B RTGS

C IMPS

D UPI

26.

For competitive exams, understanding the drivers of export growth is important. Which of the following is NOT a direct driver of merchandise export growth?

A Increased global demand

B Improved manufacturing competitiveness

C Favorable trade agreements

D Rising domestic interest rates

27.

Which of the following factors can make Indian goods more attractive to international buyers?

A Appreciation of the Indian Rupee

B Depreciation of the Indian Rupee

C Increase in domestic production costs

D Imposition of higher export duties

28.

A robust performance in merchandise exports is beneficial for a country's economy primarily because it:

A Increases the fiscal deficit

B Reduces foreign exchange reserves

C Improves the trade balance and current account deficit

D Leads to higher inflation

29.

The 'Make in India' and Production Linked Incentive (PLI) schemes are primarily aimed at boosting:

A Import substitution

B Domestic consumption

C Manufacturing and exports

D Service sector growth

30.

Which of the following sectors has been a significant contributor to the recent surge in India's merchandise exports?

A Agriculture and allied products only

B Engineering goods, electronics, and pharmaceuticals

C Raw materials and basic commodities

D Handicrafts and traditional arts

Economy & Business MCQs - 2026-04-07