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Economy & Business MCQs - 2026-04-05

21.
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
22.
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
23.
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
24.
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
25.
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
26.
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
27.
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
28.
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
29.
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
30.
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