Economy & Business MCQs

Public-Private Partnerships (PPPs) are a common model to involve the private sector in infrastructure development.

Better infrastructure leads to more efficient transportation and communication, thereby reducing costs and boosting productivity.

The budget has prioritized a substantial increase in capital expenditure for infrastructure development across various sectors.

Cross-border UPI transactions signify the growing international acceptance and utility of India's digital payment system.

Government initiatives like Digital India have been crucial in promoting digital literacy and adoption of digital payment systems.

Digital transactions are traceable, which increases transparency and helps in curbing the shadow economy. They also often reduce transaction costs.

NPCI is the organization that operates various retail payment and settlement systems, including UPI, RuPay, and IMPS.

The Unified Payments Interface (UPI) has been instrumental in driving the massive growth in digital transaction volumes in India.

While interest rates influence domestic investment and consumption, they are not a direct driver of merchandise export growth. Global demand, competitiveness, and trade policies are more direct factors.

A weaker Indian Rupee makes Indian exports cheaper for foreign buyers, thus increasing their attractiveness.