Economy and Business Current Affairs MCQs for Competitive Exams

1.

What is the primary objective of the PLI scheme for electronics?

A To increase import duties on electronic goods

B To make India a global hub for Electronics System Design and Manufacturing (ESDM)

C To provide free electronic devices to citizens

D To nationalize all private electronic companies

2.

Which ministry is the nodal agency for the PLI scheme for Large Scale Electronics Manufacturing?

A Ministry of Finance

B Ministry of Commerce and Industry

C Ministry of Electronics and Information Technology (MeitY)

D Ministry of Heavy Industries

3.

What does 'PLI' stand for in the context of government industrial schemes?

A Production Linked Incentive

B Public Limited Investment

C Price Level Index

D Policy for Local Industry

4.

What is the primary inflation target set for the RBI by the Government of India?

A 3% (+/- 2%)

B 4% (+/- 2%)

C 5% (+/- 1%)

D 6% (+/- 2%)

5.

Which committee is responsible for setting the monetary policy and managing inflation in India?

A Economic Advisory Council

B Monetary Policy Committee (MPC)

C Financial Stability and Development Council

D NITI Aayog

6.

What is 'Core Inflation' as monitored by the RBI?

A Headline inflation excluding food and fuel items

B Inflation based only on wholesale prices

C Inflation including all volatile items

D Inflation measured by the RBI's repo rate

Economy & Business MCQs - 2026-04-20