Economy & Business MCQs: RBI Policy, Export Scheme 2026

31.

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.

32.

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.

33.

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.

34.

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.

35.

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.

36.

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.

37.

The government's focus on boosting export competitiveness is primarily aimed at achieving which of the following macroeconomic goals?

A Increasing the country's import bill

B Reducing foreign exchange reserves

C Improving the trade balance and current account deficit

D Decreasing domestic industrial production

38.

What is a significant challenge often cited by Indian exporters that impacts their global competitiveness?

A Abundant availability of skilled labor

B High logistics costs and infrastructure bottlenecks

C Strong domestic demand for products

D Stable and predictable global trade policies

39.

Which government scheme aims to refund embedded central, state, and local duties/taxes that are not rebated under any other mechanism for exported products?

A Merchandise Exports from India Scheme (MEIS)

B Remission of Duties and Taxes on Exported Products (RoDTEP)

C Export Promotion Capital Goods (EPCG) Scheme

D Special Economic Zone (SEZ) Scheme

40.

A "cautious stance" by the RBI on liquidity management typically indicates what?

A An aggressive easing of monetary policy to boost growth.

B A neutral or watchful approach, ready to act based on evolving economic conditions.

C A strong bias towards tightening liquidity to curb inflation immediately.

D Disregarding market signals and maintaining a fixed policy.