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

321.

Which renewable energy source is currently leading the capacity additions in India?

A Wind energy

B Hydroelectric power

C Solar power

D Biomass energy

322.

As of April 5, 2026, what is the approximate installed non-fossil fuel energy capacity in India?

A 150 GW

B 200 GW

C 250 GW

D 300 GW

323.

What is India's target for non-fossil fuel energy capacity by 2030?

A 300 GW

B 400 GW

C 500 GW

D 600 GW

324.

The growth of India's digital payments ecosystem is crucial for:

A Increasing the circulation of physical currency

B Enhancing financial inclusion and reducing reliance on cash

C Limiting access to financial services

D Promoting informal economic activities

325.

Which organization is responsible for the operation of UPI in India?

A Reserve Bank of India (RBI)

B Ministry of Electronics and Information Technology (MeitY)

C National Payments Corporation of India (NPCI)

D NITI Aayog

326.

The recent surge in digital transaction volumes in India is attributed to:

A Decreased adoption by individuals and businesses

B Increased reliance on cash transactions

C Increased adoption by individuals and businesses, and expansion of payment gateways

D A decline in trust in digital payment systems

327.

What is the Unified Payments Interface (UPI)?

A A platform for international money transfers

B A system enabling seamless peer-to-peer and peer-to-merchant transactions

C A mobile banking application

D A platform for stock market trading

328.

Which of the following has been a key driver of the transformation in India's digital payments landscape?

A Increased reliance on traditional banking methods

B Government initiatives like Digital India and the proliferation of smartphones

C A decline in internet penetration

D Reduced government support for financial technology

329.

For competitive exams, the strong performance of the manufacturing sector highlights:

A The declining importance of exports for India

B The success of government initiatives and India's potential as a manufacturing hub

C The challenges faced by the agricultural sector

D The need for increased reliance on imported goods

330.

Production Linked Incentive (PLI) schemes are primarily aimed at:

A Increasing the import of finished goods

B Boosting domestic manufacturing and exports in specific sectors

C Reducing the cost of raw materials

D Encouraging the growth of the services sector

Economy & Business MCQs