Economy and Business Current Affairs MCQs

1.

Which ministry is typically associated with the implementation of the PLI scheme for sectors like semiconductors?

A Ministry of Agriculture & Farmers Welfare

B Ministry of Electronics and Information Technology (MeitY)

C Ministry of Environment, Forest and Climate Change

D Ministry of Skill Development and Entrepreneurship

2.

What is a key objective of the expanded PLI scheme for the semiconductor ecosystem?

A To increase the import of electronic components.

B To reduce India's reliance on imported semiconductors and foster domestic capabilities.

C To exclusively support research institutions and not manufacturing.

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

3.

The Indian government has expanded the Production Linked Incentive (PLI) scheme to further boost which sector in 2026?

A Textile Manufacturing

B Semiconductor Ecosystem

C Renewable Energy

D Pharmaceuticals

4.

Which body within the RBI is responsible for deciding the repo rate?

A Board of Directors

B Executive Committee

C Monetary Policy Committee (MPC)

D Financial Stability Board

5.

What is the primary objective of maintaining the repo rate at 6.5% by the RBI in September 2026, as per its policy review?

A To stimulate rapid economic growth by lowering borrowing costs.

B To control inflation and ensure price stability while supporting growth.

C To encourage foreign investment by offering higher returns.

D To reduce the government's borrowing costs.

6.

In its September 2026 Monetary Policy Committee (MPC) meeting, the Reserve Bank of India (RBI) decided to maintain the repo rate at what percentage?

A 6.25%

B 6.50%

C 6.75%

D 7.00%

Economy & Business MCQs - 2026-09-09