RBI Digital Lending Guidelines & Economic Updates MCQs

31.

What is a potential long-term economic benefit of a successful PLI scheme for green technologies?

A Increased reliance on fossil fuels

B Reduced job creation in manufacturing

C Enhanced energy security and reduced carbon footprint

D Higher import bills for green products

32.

Which of the following ministries is most likely to be the nodal ministry for implementing a PLI scheme focused on advanced green technologies like renewable energy components or electric vehicle manufacturing?

A Ministry of External Affairs

B Ministry of Home Affairs

C Ministry of Heavy Industries or Ministry of New and Renewable Energy

D Ministry of Culture

33.

The primary objective of a Production Linked Incentive (PLI) scheme for green technologies is to:

A Increase imports of green technology components

B Discourage domestic manufacturing

C Boost domestic manufacturing and exports of green technology products

D Provide direct subsidies to consumers

34.

A decision by the RBI to maintain the Repo Rate typically indicates its assessment of which of the following economic conditions?

A High inflationary pressures requiring immediate tightening

B A stable economic outlook with balanced inflation and growth risks

C A need for significant liquidity injection into the system

D A strong depreciation of the Indian Rupee

35.

What is the primary objective of the Reserve Bank of India (RBI) when it decides to maintain the Repo Rate amidst global uncertainties?

A Maximizing government revenue

B Ensuring price stability and supporting growth

C Promoting exports exclusively

D Increasing foreign exchange reserves

36.

Which body is primarily responsible for deciding the Repo Rate in India?

A RBI Governor

B Ministry of Finance

C Monetary Policy Committee (MPC)

D NITI Aayog

37.

What is a key objective of the new Export Development and Facilitation Initiative (EDFI)?

A To reduce import tariffs for domestic industries.

B To provide financial and logistical support to exporters.

C To restrict foreign investment in export-oriented sectors.

D To promote domestic consumption of goods.

38.

Which ministry is primarily responsible for the implementation of the new Export Development and Facilitation Initiative (EDFI)?

A Ministry of Finance

B Ministry of Commerce and Industry

C Ministry of External Affairs

D Ministry of Small and Medium Enterprises

39.

What is the name of the new export promotion scheme announced by the government in 2026?

A Make in India Export Initiative

B Global Trade Advancement Scheme (GTAS)

C Export Development and Facilitation Initiative (EDFI)

D Prime Minister's Export Excellence Award

40.

Which of the following is a primary objective of the RBI's monetary policy as per the Reserve Bank of India Act, 1934?

A Maximizing industrial output

B Maintaining price stability while keeping in mind the objective of growth

C Ensuring full employment

D Managing the exchange rate of the Indian Rupee

Economy & Business MCQs