Economy & Business MCQs

The PLI scheme offers incentives to companies on incremental sales from products manufactured in domestic units to boost the manufacturing sector.

The PMI Manufacturing is a key indicator that tracks variables such as output, new orders, and employment in the manufacturing sector.

The statutory target for inflation is 4% with a tolerance band of +/- 2% (i.e., 2% to 6%).

The MPC consists of 6 members: three from the RBI (including the Governor) and three appointed by the Central Government.

The RBI has maintained the stance of 'Withdrawal of Accommodation' to ensure that inflation progressively aligns with the target while supporting growth.

The Central Statistics Office (CSO) currently uses 2011-12 as the base year for calculating the Gross Domestic Product (GDP) of India.

The government's focus on infrastructure through increased Capital Expenditure (Capex) has been a significant driver of India's sustained economic growth.

The RBI, in its recent monetary policy meetings, has projected India's real GDP growth for FY 2024-25 at 7.2%, citing strong domestic demand and investment activity.

While Q4 earnings were resilient, companies continue to face challenges from geopolitical tensions, potential supply chain disruptions, and volatile commodity prices.

A key driver for the resilience in corporate earnings has been the sustained strong domestic demand and various forms of government support and policy initiatives.