Economy and Business Current Affairs MCQs

91.

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

92.

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

93.

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

94.

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

95.

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

96.

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

97.

Which of the following is NOT a component used to calculate the Manufacturing PMI?

A New Orders

B Output/Production

C Employment

D Stock Market Index

98.

Which organization compiles and releases the Manufacturing PMI data for India?

A Reserve Bank of India

B Ministry of Finance

C S&P Global

D NITI Aayog

99.

What does a Manufacturing PMI reading above 50 indicate?

A Economic contraction

B Economic expansion

C No change in economic activity

D High inflation only

100.

Which inflation target range is the RBI mandated to maintain under the flexible inflation targeting framework?

A 3% (+/- 2%)

B 4% (+/- 2%)

C 5% (+/- 1%)

D 2% (+/- 2%)

Economy & Business MCQs