Economy & Business MCQs

Manufacturing has the highest weightage in the IIP, accounting for approximately 77.6% of the total index.

The Index of Industrial Production (IIP) is a composite indicator that measures the growth rate of industry groups in a fixed period.

The Repo Rate is the primary policy tool used by the RBI to influence the cost of borrowing and manage inflation.

The MPC consists of six members: three from the RBI and three appointed by the Central Government.

The RBI MPC has maintained the repo rate to anchor inflation expectations amidst volatile food and commodity prices.

India's Foreign Trade Policy aims to facilitate trade, reduce transaction costs, and create a supportive and enabling environment for businesses to enhance India's share in global trade and boost exports.

Diversification of the export basket and gaining access to new markets reduces reliance on specific products or regions, making exports more resilient and opening new avenues for growth. Rupee appreciation, global slowdown, and higher tariffs would generally hinder exports.

The RoDTEP scheme aims to refund various embedded central, state, and local duties/taxes that are not rebated under other schemes, thereby making Indian exports more competitive in the global market.

Category I AIFs are those which invest in start-ups, SMEs, social ventures, infrastructure, etc., and are generally considered to be 'socially desirable' by the government, often receiving incentives.

Mandating independent valuation of AIF assets is a common regulatory measure to enhance transparency, ensure fair pricing, and improve governance, thereby protecting investors.