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Current Affairs MCQs 2026-04-05

271.

The growth of India's digital payments ecosystem is crucial for:

A Increasing the circulation of physical currency

B Enhancing financial inclusion and reducing reliance on cash

C Limiting access to financial services

D Promoting informal economic activities

272.

Which organization is responsible for the operation of UPI in India?

A Reserve Bank of India (RBI)

B Ministry of Electronics and Information Technology (MeitY)

C National Payments Corporation of India (NPCI)

D NITI Aayog

273.

The recent surge in digital transaction volumes in India is attributed to:

A Decreased adoption by individuals and businesses

B Increased reliance on cash transactions

C Increased adoption by individuals and businesses, and expansion of payment gateways

D A decline in trust in digital payment systems

274.

What is the Unified Payments Interface (UPI)?

A A platform for international money transfers

B A system enabling seamless peer-to-peer and peer-to-merchant transactions

C A mobile banking application

D A platform for stock market trading

275.

Which of the following has been a key driver of the transformation in India's digital payments landscape?

A Increased reliance on traditional banking methods

B Government initiatives like Digital India and the proliferation of smartphones

C A decline in internet penetration

D Reduced government support for financial technology

276.

For competitive exams, the strong performance of the manufacturing sector highlights:

A The declining importance of exports for India

B The success of government initiatives and India's potential as a manufacturing hub

C The challenges faced by the agricultural sector

D The need for increased reliance on imported goods

277.

Production Linked Incentive (PLI) schemes are primarily aimed at:

A Increasing the import of finished goods

B Boosting domestic manufacturing and exports in specific sectors

C Reducing the cost of raw materials

D Encouraging the growth of the services sector

278.

The Purchasing Managers' Index (PMI) for manufacturing reaching a multi-year high indicates:

A A contraction in manufacturing activity

B A significant expansion in manufacturing activity

C Stagnation in the manufacturing sector

D A decline in new orders for manufactured goods

279.

Which of the following factors has contributed to the recent surge in India's manufacturing sector?

A Decreased domestic demand and increased import reliance

B Favorable government policies like PLI schemes and increased domestic demand

C Global economic recession and reduced foreign investment

D Stagnation in technological advancements

280.

The 'Make in India' initiative was launched with the primary objective of:

A Promoting the services sector

B Transforming India into a global manufacturing hub

C Increasing agricultural exports

D Encouraging foreign tourism