MCQs - 2026-04

While important, traditional handicraft promotion is not a primary focus of the large-scale capital expenditure allocated to core infrastructure sectors.

Infrastructure spending creates demand for various inputs and labor, leading to a ripple effect of economic activity and job creation.

Public-Private Partnerships (PPPs) are a common model to involve the private sector in infrastructure development.

Better infrastructure leads to more efficient transportation and communication, thereby reducing costs and boosting productivity.

The budget has prioritized a substantial increase in capital expenditure for infrastructure development across various sectors.

Cross-border UPI transactions signify the growing international acceptance and utility of India's digital payment system.

Government initiatives like Digital India have been crucial in promoting digital literacy and adoption of digital payment systems.

Digital transactions are traceable, which increases transparency and helps in curbing the shadow economy. They also often reduce transaction costs.

NPCI is the organization that operates various retail payment and settlement systems, including UPI, RuPay, and IMPS.

The Unified Payments Interface (UPI) has been instrumental in driving the massive growth in digital transaction volumes in India.