MCQs on Economy & Business: RBI, PMI, MSME Export Scheme

1.

What is a common feature of government export promotion schemes?

A Interest subvention on export credit

B Mandatory closure of all local shops

C Increasing import duties on all goods

D Prohibiting the use of technology

2.

Which sector is the primary beneficiary of the new Export Promotion Scheme?

A Large Public Sector Undertakings

B Micro, Small and Medium Enterprises (MSMEs)

C Agricultural sector only

D Service sector giants

3.

What is the primary focus of the new Export Promotion Scheme for MSMEs?

A To increase import of raw materials

B To boost global competitiveness and export volume

C To provide free land to industries

D To nationalize small businesses

4.

Which of the following is a key component used to calculate the Manufacturing PMI?

A New Orders

B Stock Market Index

C Foreign Exchange Reserves

D Corporate Tax Rates

5.

Which organization typically publishes the Manufacturing PMI data for India?

A S&P Global

B World Bank

C NITI Aayog

D Ministry of Finance

6.

What does a Manufacturing PMI reading above 50 indicate?

A Economic contraction

B Economic expansion

C No change in economic activity

D High inflation only

7.

What happens when the RBI keeps the Repo Rate unchanged?

A Commercial banks increase their lending rates immediately

B The cost of borrowing for banks remains stable

C The money supply in the economy decreases drastically

D The government stops issuing bonds

8.

What is the primary objective of the RBI maintaining the Repo Rate?

A To increase government spending

B To manage inflation and support economic growth

C To devalue the Indian Rupee

D To reduce foreign direct investment

9.

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

A Monetary Policy Committee (MPC)

B Fiscal Policy Committee

C Economic Advisory Council

D Securities and Exchange Board of India

Economy & Business MCQs - 2026-06-14