Economy & Business MCQs

The RBI's 2026 guidelines mandate that Digital Lending Apps (DLAs) must clearly disclose all-in-one pricing, appoint a Chief Compliance Officer, and mention the lending service provider (LSP). However, a certificate of registration from RBI is not a direct requirement for the DLA itself, but rather for the entities operating as lenders or intermediaries.

Tightening monetary policy (e.g., by increasing interest rates) makes borrowing more expensive, which can reduce investment and consumption, leading to a deceleration of economic growth in the short term.

The Repo Rate is a key policy rate through which the RBI influences liquidity and interest rates in the economy to manage inflation.

The primary objective of RBI's monetary policy is to maintain price stability while keeping in mind the objective of growth.

GDP growth projections are provided by a range of entities including central banks (like RBI), international organizations (like IMF, World Bank), government bodies, and private financial institutions/rating agencies.

Strong domestic demand, driven by consumption and investment, is a significant contributor to India's GDP growth.

'Robust expansion' signifies a strong and healthy increase in economic activity, leading to high GDP growth.

The National Industrial Corridor Development Corporation (NICDC), formerly DMICDC, is the implementing agency for various industrial corridor projects across India.

Industrial corridors focus on developing robust logistics infrastructure, including multi-modal transport (road, rail, port, air) and logistics hubs, to ensure efficient movement of goods and raw materials.

Industrial Corridors are developed to create world-class infrastructure along identified transport routes, facilitating industrial growth and attracting investments.