Economy & Business MCQs - 2026-06-18

The 'Make in India' initiative was launched by the Government of India to encourage companies to manufacture their products in India and boost the manufacturing sector.

Strong expansion in manufacturing implies increased production, which directly contributes to higher industrial output and typically leads to the creation of more jobs in the economy.

The Purchasing Managers' Index (PMI) for Manufacturing is a key indicator that reflects the health and expansion of the manufacturing sector, based on surveys of purchasing managers.

The Monetary Policy Committee (MPC) is a six-member committee, headed by the RBI Governor, that is entrusted with the task of fixing the benchmark interest rate (repo rate) in India.

Even with growth concerns, the RBI might prioritize controlling inflation or managing external uncertainties, opting for a pause to assess the evolving economic situation.

Maintaining status quo on monetary policy means the RBI has decided not to change its key policy rates, such as the repo rate, reverse repo rate, and bank rate.

The International Monetary Fund (IMF) and the World Bank regularly publish economic outlooks and GDP growth forecasts for various countries, including India.

GDP growth momentum refers to the sustained and strong pace at which an economy's Gross Domestic Product is increasing, indicating overall economic health and expansion.

Robust private investment and government capital expenditure are key drivers for sustained economic growth, boosting demand and productive capacity.