UPSC Economy MCQs: RBI Rate, GDP, Manufacturing

11.

In the context of GDP, what does 'Q4' refer to?

A Fourth quarter of the calendar year

B Fourth quarter of the financial year

C Fourth quarter of the decade

D Fourth quarter of the budget session

12.

What is the primary driver for India's projected strong GDP growth in Q4 FY26?

A Global export surplus

B Robust domestic demand

C Decrease in government spending

D High interest rates

13.

How does the 'Global Market Access Initiative' benefit MSMEs?

A By providing direct cash transfers

B By offering tax holidays for 10 years

C By facilitating entry into new international markets

D By nationalizing small industries

14.

Which ministry is typically responsible for launching export-related initiatives like GMAI 2.0?

A Ministry of Finance

B Ministry of Commerce and Industry

C Ministry of External Affairs

D Ministry of MSME

15.

What is the primary goal of the 'Global Market Access Initiative 2.0'?

A To increase domestic consumption

B To boost India's exports

C To reduce import duties

D To promote digital literacy

16.

What is the primary objective of maintaining a stable Repo Rate?

A To increase fiscal deficit

B To manage inflation and support growth

C To decrease foreign exchange reserves

D To privatize public sector banks

17.

Which committee is responsible for deciding the Repo Rate in India?

A Monetary Policy Committee (MPC)

B Economic Advisory Council

C Finance Commission

D NITI Aayog

18.

What is the current Repo Rate maintained by the Reserve Bank of India (RBI)?

A 6.0%

B 6.25%

C 6.5%

D 6.75%

19.

The PLI scheme for Green Technologies is part of a larger government initiative to achieve which of the following national goals?

A Increasing dependence on imported fossil fuels

B Reducing carbon emissions and promoting renewable energy adoption

C Promoting traditional industries without technological upgrades

D Maintaining the status quo in energy production

20.

Which of the following sectors is expected to benefit significantly from the new PLI scheme for Green Technologies?

A Fossil Fuel Extraction

B Advanced Chemistry Cell (ACC) Battery Manufacturing

C Traditional Textile Manufacturing

D Coal-fired Power Plants

Economy & Business MCQs