Economy & Business MCQs

NEEDS_REVIEW

NEEDS_REVIEW

The PLI scheme for semiconductors focuses on the hardware manufacturing aspects, including design, fabrication, and assembly/testing/packaging. Software development for operating systems is generally outside the scope of this specific hardware-centric PLI scheme.

A primary goal of the expanded PLI scheme is to reduce India's dependence on foreign countries for semiconductors, thereby enhancing self-reliance and supply chain security.

The Indian government has recently expanded the PLI scheme specifically to strengthen and develop the semiconductor manufacturing ecosystem within the country.

The Monetary Policy Committee (MPC) is constituted by the Government of India to determine the policy repo rate required to achieve the inflation target while considering the need to keep in mind the objective of growth.

The RBI's primary mandate is to maintain price stability while keeping in mind the objective of growth. Maintaining the repo rate is a tool to manage inflation and achieve this balance.

The RBI's Monetary Policy Committee (MPC) in its September 2026 review decided to keep the policy repo rate unchanged at 6.50%.

The RBI's approach in 2026 is to create a well-defined regulatory environment with clear guidelines. This clarity helps fintech companies understand their obligations and encourages them to operate within the formal system, thereby integrating them more effectively.

The strengthened framework emphasizes transparency, requiring REs to provide borrowers with a clear, comprehensive loan agreement in a digital format before they commit to the loan, ensuring they understand all terms and conditions.