Economics – MCQ – GK Questions

India's National Infrastructure Pipeline was launched in 2019 with an investment target of Rs 111 lakh crore (approximately USD 1.5 trillion) in infrastructure projects over 2020-25.

PMAY — comprising PMAY-Urban and PMAY-Gramin — aims to provide 'Housing for All' to urban and rural poor including EWS, LIG, and MIG categories.

Make in India aims to increase the manufacturing sector's contribution to India's GDP to 25% and create 100 million additional jobs in manufacturing by 2022 (target extended).

The IBC 2016 consolidated the insolvency framework in India, providing time-bound resolution of insolvency for companies, partnerships, and individuals.

MGNREGS (Mahatma Gandhi National Rural Employment Guarantee Scheme) guarantees at least 100 days of unskilled wage employment per year to every rural household whose adult members volunteer for manual work.

Atmanirbhar Bharat (Self-Reliant India) was launched in 2020, with a Rs 20 lakh crore package covering PLI schemes, infrastructure push, and reducing import dependence.

India has been paying for Russian oil using Indian rupees and third-country currencies like UAE dirhams and Chinese yuan, reducing dependence on the US dollar after sanctions.

Mauritius is historically the top source of cumulative FDI into India due to treaty benefits, followed by Singapore, USA, Netherlands, and Japan.

India has the 3rd largest startup ecosystem globally after the US and China, with over 1 lakh DPIIT-recognised startups and 100+ unicorns.

PMJDY (launched 2014) aims to ensure financial inclusion by providing universal access to banking, insurance, and pension services to all Indians, especially the unbanked.

India's CPI inflation dropped to around 3.6% in early 2025, below RBI's 4% medium-term target, influenced by falling food prices.

India engaged in diplomatic negotiations while signalling retaliatory measures, leveraging its position as a key US strategic partner amid trade tensions.

Budget 2025-26 announced that individuals with annual income up to Rs 12 lakh would pay zero income tax under the new tax regime, a major relief for the middle class.

FM Nirmala Sitharaman presented her 8th consecutive Union Budget on February 1, 2025, setting a world record for most consecutive budget presentations.

PM-KISAN provides income support of Rs 6,000 per year in three installments of Rs 2,000, directly to landholding farmer families' bank accounts.

India's PLI scheme covers 14 key sectors including mobile manufacturing, pharmaceuticals, textiles, food processing, telecom, and specialty steel.

RBI MPC cut the repo rate by 25 basis points to 6.25% in February 2025, the first reduction since May 2020, amid easing inflation.

Tesla introduced the Model Y Premium Rear-Wheel Drive variant in India at ₹50.89 lakh in May 2026. This marks Tesla's strategic entry into the Indian premium electric vehicle segment with a competitively priced offering aimed at expanding EV adoption.

The RBI highlighted that India's growth prospects are underpinned by strong macroeconomic fundamentals, particularly robust domestic demand, relatively lower dependence on exports, and a stable policy environment. This indicates the economy's resilience stems from internal consumption strength rather than external trade reliance.

RBI data for FY26 reveals that financial institutions reported over 10,000 cases of fraud. This figure is significant for banking sector supervision and reflects the scale of fraudulent activities affecting India's financial system.