Economy & Business MCQs

The Ministry of Commerce and Industry, through its departments like the Department of Commerce, is the nodal ministry for formulating and implementing policies related to trade, commerce, and export promotion.

The name of the scheme itself, 'Global Market Access', clearly indicates its objective is to facilitate and enhance India's access to international markets for its goods and services, thereby boosting exports.

Easing inflation concerns mean that the rate at which prices are rising is decelerating, suggesting that inflationary pressures are moderating.

Maintaining the repo rate, especially when inflation concerns are easing but not fully resolved, suggests a neutral stance, neither actively tightening nor easing policy.

The Repo Rate is the rate at which the RBI lends money to commercial banks. By adjusting this rate, the RBI influences borrowing costs and thus controls inflation and liquidity.

While other renewables are also considered, solar and wind power projects are currently the most significant areas of investment for Indian corporates in green energy infrastructure due to their decreasing costs and scalability.

Concerns about climate change, the need for sustainable operations, and the mandate for CSR activities are pushing corporations to invest in green energy infrastructure.

Many Indian corporations are increasingly investing in and developing renewable energy sources like solar and wind power, driven by sustainability goals and government incentives.

When the RBI increases the repo rate, it becomes more expensive for commercial banks to borrow money from the RBI, leading to tightened liquidity and higher borrowing costs.

Open Market Operations (buying/selling government securities) and the Liquidity Adjustment Facility (repo and reverse repo operations) are key monetary policy tools used by the RBI to manage liquidity.