MCQs 2026

Government initiatives like Production Linked Incentive (PLI) schemes and significant investments in logistics infrastructure are crucial in making India an attractive manufacturing destination.

The 'China Plus One' strategy involves companies diversifying their manufacturing and sourcing bases beyond China to mitigate risks associated with over-reliance on a single country.

India's climate action goals, including emission reductions and renewable energy targets, are in line with its commitments under the Paris Agreement.

By reducing dependence on imported fossil fuels, India can enhance its energy security and positively impact its current account deficit.

PLI schemes are instrumental in boosting domestic manufacturing of key components for renewable energy and green hydrogen production, such as electrolyzers and solar panels.

Sectors like steel and cement, which require high temperatures and are difficult to decarbonize with electrification alone, are prime candidates for using green hydrogen as a clean fuel.

The National Green Hydrogen Mission aims to make India a global leader in the production and export of green hydrogen, a clean energy alternative.

CBDCs have the potential to streamline cross-border payments by reducing the need for intermediaries, thereby lowering transaction costs and accelerating settlement times.

The Reserve Bank of India (RBI) is the central bank responsible for the development, issuance, and piloting of the Digital Rupee (e-INR).

Programmable money allows for the embedding of specific conditions or rules into the digital currency, enabling its use for targeted purposes like direct benefit transfers or specific policy implementations.