Economy & Business MCQs

The Insolvency and Bankruptcy Code (IBC) was enacted to streamline the process of resolving insolvency and bankruptcy cases, significantly improving the ease of doing business and the efficiency of the financial sector.

PLI schemes are a key government initiative designed to incentivize domestic manufacturing and attract foreign investment in various sectors, thereby boosting the manufacturing output.

While global crude oil prices are a significant economic factor, the upward revision in GDP growth projections for FY27 is primarily attributed to domestic demand, structural reforms, and global trade recovery, not a specific decline in crude oil prices.

Lower logistics costs make Indian goods more competitive internationally, improve the overall business environment, and attract more foreign investment.

The policy aims to bring down logistics costs from the current 13-14% of GDP to around 8-10% by the year 2030.

The policy emphasizes leveraging advanced technologies like blockchain and Artificial Intelligence to enhance transparency, tracking, and efficiency in logistics operations.

The LEADS index is a tool to benchmark and encourage states to improve their logistics infrastructure and services, fostering inter-state competition.

The NLP aims to reduce logistics costs and improve efficiency by creating an integrated and technologically advanced logistics sector.

Transparency and accountability are ensured through detailed reporting on how the funds raised from SGBs are utilized and the environmental benefits achieved.

SGBs are a financial tool that directly supports India's efforts to meet its climate targets and commitments outlined in its Nationally Determined Contributions (NDCs).