MCQs on Economy & Business: RBI, PLI, GDP (Sept 2026)

1.

What does 'FY27' refer to in the context of India's financial year?

A The year 2027.

B The period from April 2027 to March 2028.

C The period from April 2026 to March 2027.

D The period from January 2027 to December 2027.

2.

Which of the following factors is expected to be a major contributor to India's GDP growth in Q2 FY27?

A Decline in global crude oil prices.

B Strong performance of the services sector and increased capital expenditure.

C Reduced government consumption expenditure.

D A significant drop in agricultural output.

3.

According to recent projections released in 2026, what is the estimated GDP growth rate for India in the second quarter (Q2) of the Financial Year 2026-27 (FY27)?

A 6.8%

B 7.0%

C 7.2%

D 7.5%

4.

The PLI scheme for Green Hydrogen is a part of which larger national initiative?

A National Electric Mobility Mission

B National Clean Air Programme

C National Green Hydrogen Mission

D National Solar Mission

5.

Which ministry is primarily responsible for the implementation of the PLI Scheme for Green Hydrogen?

A Ministry of Environment, Forest and Climate Change

B Ministry of New and Renewable Energy (MNRE)

C Ministry of Power

D Ministry of Commerce and Industry

6.

What is the primary objective of the Production Linked Incentive (PLI) scheme recently announced for the Green Hydrogen sector?

A To promote the export of traditional fossil fuels.

B To encourage domestic manufacturing and export of Green Hydrogen and its derivatives.

C To increase the import of solar panels.

D To subsidize the purchase of electric vehicles.

7.

How many members constitute the RBI Monetary Policy Committee (MPC)?

A 4

B 5

C 6

D 7

8.

Which of the following is a primary objective of the Reserve Bank of India's Monetary Policy Committee?

A To manage the country's foreign exchange reserves.

B To maintain price stability while keeping in mind the objective of inclusive growth.

C To issue new currency notes and coins.

D To regulate and supervise the banking system.

9.

As of the latest conclusion of the RBI Monetary Policy Committee (MPC) meeting in 2026, what is the current policy repo rate?

A 6.00%

B 6.25%

C 6.50%

D 6.75%

Economy & Business MCQs - 2026-09-17