MCQs on Economy & Business: RBI Policy, Green Tech PLI (Oct 2026)

1.

How does the PLI scheme incentivize manufacturers?

A By providing direct cash grants for land acquisition

B By offering incentives based on incremental sales of manufactured goods

C By waiving all income taxes for 20 years

D By providing free electricity to all factories

2.

Which ministry is the nodal agency for implementing the PLI scheme for Green Technology?

A Ministry of Finance

B Ministry of New and Renewable Energy

C Ministry of Corporate Affairs

D Ministry of External Affairs

3.

What is the primary goal of the newly launched PLI scheme for Green Technology Manufacturing in 2026?

A To increase import of solar panels

B To incentivize domestic production of green energy components

C To reduce corporate tax for IT companies

D To privatize public sector power plants

4.

Who chairs the Monetary Policy Committee (MPC) of the Reserve Bank of India?

A Union Finance Minister

B RBI Governor

C Chief Economic Advisor

D Deputy Governor of RBI

5.

What is the primary objective of the RBI's 'Withdrawal of Accommodation' stance in the current economic landscape?

A To increase government spending

B To align inflation with the target while supporting growth

C To devalue the Indian Rupee

D To encourage foreign direct investment only

6.

As of the latest 2026 Monetary Policy Committee (MPC) review, which tool is primarily used by the RBI to manage liquidity in the banking system?

A Repo Rate

B Statutory Liquidity Ratio

C Cash Reserve Ratio

D Open Market Operations

Economy & Business MCQs - 2026-10-17