MCQs on India's Economy: GDP, Inflation, RBI Policy

181.

Which international organization revised India's GDP growth forecast?

A World Bank

B Asian Development Bank (ADB)

C International Monetary Fund (IMF)

D Organisation for Economic Co-operation and Development (OECD)

182.

A key impact of this PLI initiative is expected to be:

A Increased reliance on imports for electronic components.

B A decrease in foreign and domestic investment in the sector.

C Enhancement of India's self-reliance in critical electronic components.

D A shift of manufacturing focus away from advanced technologies.

183.

Which of the following products are specifically targeted by the new PLI scheme?

A Textile machinery and apparel.

B Automobile components and electric vehicles.

C High-end servers, quantum computing components, and advanced display technologies.

D Pharmaceuticals and medical devices.

184.

What is the total outlay for the new PLI scheme for Advanced Electronics Manufacturing over five years?

A ₹5,000 crore

B ₹10,000 crore

C ₹15,000 crore

D ₹20,000 crore

185.

What is the primary objective of the new PLI scheme for Advanced Electronics Manufacturing?

A To promote agricultural exports.

B To boost local production, create jobs, and integrate India into global supply chains in electronics.

C To provide subsidies for small and medium enterprises in traditional sectors.

D To reduce the cost of imported electronic goods for consumers.

186.

Which ministry announced the new PLI scheme for Advanced 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

187.

The RBI's primary focus, as mentioned in the background, has been on:

A Maximizing economic growth at any cost.

B Aligning inflation with the target while supporting growth.

C Maintaining a fixed exchange rate for the Rupee.

D Prioritizing export-led growth over domestic demand.

188.

What is a likely impact of the RBI's decision to maintain the repo rate?

A Increased volatility in the stock market.

B Reduced predictability for businesses and borrowers.

C Encouragement for investment and consumption due to stability.

D A significant drop in inflation expectations.

189.

The RBI MPC's stance of 'withdrawal of accommodation' implies:

A An immediate plan for significant rate cuts.

B A commitment to further ease monetary policy.

C That future rate cuts are not imminent, keeping borrowing costs elevated.

D A shift towards a more accommodative monetary policy.

190.

Which of the following factors primarily influenced the RBI's decision to maintain the repo rate?

A Sharp decline in global crude oil prices.

B Persistent, albeit moderating, core inflation and robust domestic demand.

C Significant depreciation of the Indian Rupee.

D A sudden surge in foreign portfolio investments.

Economy & Business MCQs