MCQs on RBI Guidelines & Indian Economy

1.

Indian IT firms are increasingly focusing on offering advanced services as part of their global expansion. Which of the following is a key area of focus?

A Traditional data entry and basic call center services.

B Legacy system maintenance and hardware repair.

C Digital transformation, cloud computing, AI, and cybersecurity.

D Manufacturing of IT hardware components.

2.

Which of the following regions is a major focus for Indian IT firms expanding their global operations?

A South America and Africa.

B North America and Europe.

C Australia and New Zealand.

D Central Asia and Russia.

3.

What is a primary driver for Indian IT firms to expand their global presence?

A To reduce their domestic workforce.

B To tap into new markets, acquire global talent, and diversify revenue streams.

C To avoid domestic taxation.

D To solely focus on government contracts abroad.

4.

India's economic growth is often measured by the change in its Gross Domestic Product (GDP). What does GDP primarily represent?

A The total value of goods exported by a country in a year.

B The total income of all citizens in a country.

C The total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

D The total foreign exchange reserves held by the central bank.

5.

What is a key factor often cited for India's sustained economic growth momentum in recent times?

A Decreased domestic consumption.

B Strong government capital expenditure and private investment revival.

C Decline in exports.

D High inflation rates.

6.

Which of the following sectors has been a significant contributor to India's recent economic growth momentum, as per various reports?

A Agriculture and allied activities.

B Manufacturing and construction.

C Services sector, particularly IT and financial services.

D Mining and quarrying.

7.

Which of the following entities are primarily covered under the RBI's new digital lending guidelines?

A Only FinTech companies.

B Only Scheduled Commercial Banks.

C Regulated Entities (REs) like Commercial Banks, Cooperative Banks, and NBFCs, and their Lending Service Providers (LSPs).

D Only Peer-to-Peer (P2P) lending platforms.

8.

According to the new RBI guidelines, to whom must the loan disbursement and repayment be made directly?

A To the Lending Service Provider (LSP).

B To the Regulated Entity (RE) and then to the borrower's bank account.

C To any third-party payment aggregator.

D To the borrower's digital wallet.

9.

What is the primary objective of the RBI's new digital lending guidelines?

A To promote rapid growth of digital lending platforms.

B To enhance customer protection and ensure responsible lending practices.

C To restrict foreign investment in digital lending.

D To mandate all lending to be done digitally.

Economy & Business MCQs - 2026-06-26