Economy and Business Current Affairs MCQs for UPSC and SSC

1.

The goal of encouraging domestic manufacturing through fiscal incentives often includes:

A Increasing reliance on imported components

B Creating employment opportunities

C Reducing the overall size of the manufacturing sector

D Decreasing technological advancements

2.

Which of the following is a common type of fiscal incentive provided to manufacturers?

A Increased import duties

B Production-Linked Incentives (PLI) schemes

C Stricter environmental regulations

D Reduction in consumer subsidies

3.

Fiscal incentives for domestic manufacturing are primarily aimed at:

A Increasing imports of finished goods

B Promoting 'Make in India' and boosting exports

C Reducing government expenditure on infrastructure

D Discouraging foreign direct investment

4.

Which of the following is a major component that influences the Consumer Price Index (CPI)?

A Export prices

B Government bond yields

C Food and beverages prices

D Exchange rates

5.

A drop in retail inflation to a 12-month low typically indicates:

A Increased purchasing power of consumers

B Rising prices of essential goods

C A slowdown in economic activity

D Higher interest rates by the central bank

6.

What is the primary measure of retail inflation in India?

A Wholesale Price Index (WPI)

B Consumer Price Index (CPI)

C Index of Industrial Production (IIP)

D Gross Domestic Product (GDP) Deflator

Economy & Business MCQs - 2026-05-16