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

521.

What role did Phase I of the mission play?

A It focused on large-scale production

B It laid the groundwork for policy frameworks and pilot projects

C It was solely focused on export markets

D It was discontinued due to lack of interest

522.

Which of the following sectors is targeted for the adoption of green hydrogen?

A Agriculture only

B Transportation, industry, and power generation

C Textile manufacturing

D Information technology

523.

What is a significant contribution expected from this mission towards India's national goals?

A Increased dependence on fossil fuel imports

B Reduced contribution to climate goals

C Significant contribution to climate goals and reduced dependence on fossil fuel imports

D Increased carbon emissions

524.

The mission also aims to reduce the cost of green hydrogen to make it competitive with:

A Solar power

B Wind energy

C Conventional fossil fuels

D Biomass energy

525.

What type of financial incentives will be provided under Phase II for manufacturing?

A For fossil fuel production

B For electrolyzers and hydrogen production

C For traditional manufacturing processes

D For import of foreign technology only

526.

Which of the following is a key focus area for Phase II of the mission?

A Increasing reliance on fossil fuels

B Scaling up manufacturing capabilities and developing supply chains

C Reducing investment in renewable energy

D Discouraging adoption of green hydrogen

527.

Phase II of the National Green Hydrogen Mission aims to position India as a global hub for:

A Fossil fuel extraction

B Green hydrogen production and export

C Nuclear energy

D Coal mining

528.

What is the primary target for India's domestic green hydrogen production capacity by 2030 under Phase II of the mission?

A 2 MMT

B 3 MMT

C 5 MMT

D 7 MMT

529.

The term 'external shocks' in economics refers to:

A Internal political instability

B Unexpected events originating from outside the domestic economy

C Natural disasters within the country

D Changes in domestic consumer behavior

530.

What does 'balance of payments' refer to in the context of foreign exchange reserves?

A The country's internal debt

B The difference between a country's imports and exports of goods and services

C The total value of domestic currency

D The country's stock market performance

Economy & Business MCQs