UPSC/SSC/Banking MCQs: RBI, Economy, Inflation

201.

What is the core objective of the Production Linked Incentive (PLI) scheme, as enhanced and implemented by the Indian government in 2026?

A To reduce India's import dependency across all sectors.

B To boost domestic manufacturing, create jobs, and make Indian industries globally competitive.

C To provide direct financial aid to small and medium enterprises (SMEs) only.

D To encourage the export of raw materials from India.

202.

Which of the following provisions is a crucial part of RBI's digital lending norms aimed at enhancing borrower protection regarding loan terms and data usage?

A Mandatory integration of all digital lending apps with the UPI platform.

B A 'cooling-off' period for borrowers to exit the loan with principal repayment without penalty.

C Allowing LSPs to access all personal data on a borrower's device.

D Capping the maximum interest rate at 10% for all digital loans.

203.

According to the RBI's digital lending guidelines, how must loan disbursements and repayments be handled to ensure transparency and direct accountability?

A Directly between the borrower and the Lending Service Provider (LSP).

B Directly into the borrower's bank account from the Regulated Entity (RE) and vice-versa for repayments.

C Through a third-party escrow account managed by the LSP.

D Any method agreed upon by the borrower and the LSP.

204.

What is the primary objective behind the Reserve Bank of India's (RBI) tightened digital lending norms, effective as of 2026?

A To boost the profitability of digital lending platforms.

B To protect borrowers from unethical lending practices and over-indebtedness.

C To encourage foreign investment in the digital lending sector.

D To reduce the overall volume of digital loans disbursed.

205.

The new initiative for semiconductor manufacturing in 2026 is expected to have a significant impact on:

A India's agricultural output.

B The growth of the electronics manufacturing ecosystem in India.

C India's traditional textile industry.

D The services sector's contribution to GDP.

206.

Which of the following incentives is likely to be part of the government's new initiative for semiconductor manufacturing in 2026?

A Increased import duties on semiconductor manufacturing equipment.

B Financial incentives like production-linked incentives (PLI) and capital expenditure subsidies.

C Mandatory technology transfer from foreign firms.

D Reduced allocation for research and development in the sector.

207.

In 2026, the Indian government is planning a new initiative to boost semiconductor manufacturing. What is the primary goal of this initiative?

A To completely ban the import of semiconductors.

B To reduce India's dependence on foreign countries for semiconductor chips.

C To encourage the export of raw materials for semiconductor production.

D To shift the focus from manufacturing to semiconductor research only.

208.

The surge in merchandise exports in July 2026 might have implications for India's:

A Fiscal deficit.

B Current account deficit.

C Inflation rate.

D Unemployment rate.

209.

What could be a potential reason for the surge in India's merchandise exports in July 2026?

A A sharp decline in global demand for Indian goods.

B Favorable global economic conditions and increased demand from key trading partners.

C A significant appreciation of the Indian Rupee against major currencies.

D Increased import duties imposed by India on its trading partners.

210.

India's merchandise exports witnessed a significant surge in July 2026. Which of the following sectors is likely to have contributed most to this growth?

A Agricultural products only.

B Engineering goods, petroleum products, and textiles.

C Handicrafts and traditional crafts.

D Services sector exports.

Economy & Business MCQs