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

31.

Which ministry is the nodal agency for the National Green Hydrogen Mission?

A Ministry of Finance

B Ministry of New and Renewable Energy

C Ministry of Environment, Forest and Climate Change

D Ministry of Power

32.

Green Hydrogen is produced by splitting water into hydrogen and oxygen using which process?

A Electrolysis

B Combustion

C Distillation

D Photosynthesis

33.

What is the main purpose of the PLI scheme for Green Hydrogen?

A To increase import of fossil fuels

B To promote domestic manufacturing and reduce carbon emissions

C To provide free electricity to households

D To privatize public sector banks

34.

Which sector is typically the largest contributor to India's GDP?

A Agriculture

B Manufacturing

C Services

D Mining

35.

What does 'Q4' refer to in the context of India's financial year?

A January to March

B April to June

C October to December

D July to September

36.

Which organization is primarily responsible for releasing GDP data in India?

A Reserve Bank of India

B NITI Aayog

C National Statistical Office (NSO)

D Ministry of Finance

37.

What is the primary objective of the Monetary Policy Committee?

A Maintaining price stability while keeping growth in mind

B Managing the fiscal deficit of the government

C Regulating the stock market

D Issuing new currency notes

38.

Who acts as the ex-officio Chairperson of the Monetary Policy Committee?

A Finance Minister

B RBI Governor

C Deputy Governor of RBI

D Chief Economic Advisor

39.

How many members are there in the RBI Monetary Policy Committee (MPC)?

A 4

B 5

C 6

D 7

40.

Which ministry typically oversees the implementation of MSME-related schemes in India?

A Ministry of Finance

B Ministry of Commerce and Industry

C Ministry of Micro, Small and Medium Enterprises

D Ministry of External Affairs

Economy & Business MCQs