MCQs on India's Economy & Business - Oct 2026 Current Affairs

1.

The 'Atmanirbhar Bharat Abhiyan' (Self-Reliant India Campaign) emphasizes which of the following pillars to strengthen domestic manufacturing and economy?

A Exclusive reliance on foreign technology and imports.

B Promoting only agricultural exports and reducing industrial output.

C Focus on Economy, Infrastructure, System, Demography, and Demand.

D Complete cessation of international trade and foreign collaborations.

2.

The 'Make in India' initiative, launched by the Government of India, primarily focuses on which of the following objectives?

A Promoting tourism and hospitality services.

B Encouraging foreign investment and boosting manufacturing across various sectors.

C Developing rural infrastructure exclusively.

D Expanding the service sector's contribution to GDP exclusively.

3.

The Production Linked Incentive (PLI) scheme, a key government initiative to boost domestic manufacturing, primarily aims to:

A Provide direct financial aid to all small and medium enterprises (SMEs).

B Offer incentives on incremental sales from products manufactured in domestic units.

C Reduce import duties on all finished goods to make them cheaper for consumers.

D Promote agricultural exports exclusively by subsidizing farming inputs.

4.

How many members constitute the Monetary Policy Committee (MPC) of the Reserve Bank of India?

A 5

B 6

C 7

D 8

5.

Which of the following is NOT a direct instrument of the Reserve Bank of India's monetary policy?

A Repo Rate

B Cash Reserve Ratio (CRR)

C Fiscal Deficit Target

D Statutory Liquidity Ratio (SLR)

6.

What is the primary objective of the Reserve Bank of India's Monetary Policy Committee (MPC)?

A To achieve price stability while keeping in mind the objective of growth.

B To maximize government revenue through taxation.

C To manage the exchange rate of the Indian Rupee exclusively.

D To provide direct financial assistance to commercial banks.

Economy & Business MCQs - 2026-10-04