UPSC Economy MCQs: RBI Rate, GDP, Manufacturing

1.

Under the PLI scheme, incentives are typically provided to companies based on what criterion?

A Number of employees hired

B Increase in production/sales of manufactured goods

C Investment in research and development

D Adoption of green technologies

2.

The PLI schemes are primarily designed to boost which sector of the Indian economy, as highlighted in the topic?

A Agriculture Sector

B Services Sector

C Manufacturing Sector

D Mining Sector

3.

What does PLI stand for in the context of government schemes aimed at boosting manufacturing?

A Public-Led Investment

B Production-Linked Incentive

C Policy for Local Industry

D Performance-Linked Initiative

4.

Which government agency in India is primarily responsible for compiling and releasing GDP growth statistics?

A Reserve Bank of India (RBI)

B Ministry of Finance

C National Statistical Office (NSO)

D NITI Aayog

5.

What was the estimated overall GDP growth rate for the full Fiscal Year 2023-24 (FY24) for India?

A 6.8%

B 7.2%

C 7.8%

D 8.2%

6.

What was India's GDP growth rate in the fourth quarter (Q4) of Fiscal Year 2024, as per the recent data?

A 7.2%

B 7.8%

C 8.2%

D 8.5%

7.

Which body within the Reserve Bank of India is primarily responsible for deciding the Repo Rate and other key monetary policy rates?

A Financial Stability and Development Council (FSDC)

B Monetary Policy Committee (MPC)

C Board for Financial Supervision (BFS)

D Department of Economic and Policy Research (DEPR)

8.

What is the current monetary policy stance adopted by the RBI, as mentioned in the news?

A Accommodative

B Neutral

C Withdrawal of Accommodation

D Calibrated Tightening

9.

What is the current Repo Rate maintained by the RBI as per the recent announcement?

A 6.0%

B 6.25%

C 6.5%

D 6.75%

10.

Which organization typically releases GDP growth projections for India?

A National Statistical Office (NSO)

B Election Commission

C Supreme Court

D ISRO

Economy & Business MCQs