Economy & Business MCQs

The Competition Commission of India (CCI) is the primary regulatory body responsible for preventing practices having an adverse effect on competition, promoting and sustaining competition in markets, protecting the interests of consumers, and ensuring freedom of trade in India. This includes scrutinizing mergers and acquisitions.

NEEDS_REVIEW

NEEDS_REVIEW

The National Statistical Office (NSO), under the Ministry of Statistics and Programme Implementation, is responsible for compiling and releasing official GDP growth estimates in India.

NEEDS_REVIEW

NEEDS_REVIEW

The primary objective of monetary policy in India is to maintain price stability while keeping in mind the objective of growth. The MPC is mandated to keep inflation within a target band.

Governments typically attract FDI by creating a favorable business environment, which includes simplifying regulatory frameworks, offering tax incentives, providing infrastructure support, and ensuring policy stability.

FDI in advanced manufacturing typically brings in not just capital but also cutting-edge technology, managerial expertise, and best practices, which can significantly boost the domestic manufacturing sector's capabilities and competitiveness.

Foreign Direct Investment (FDI) refers to an investment made by a firm or individual in one country into business interests located in another country, typically involving a lasting interest and significant control.