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2026 Economy Practice Questions

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2026Economy
Diff:Moderate

Consider the following statements about Multidimensional Poverty Index (MPI):
1. MPI is calculated using Alkire-Foster methodology.
2. MPI calculated by NITI Aayog has a total of twelve indicators.
3. Maternal Health and Bank Account are common indicators in the MPI of NITI Aayog and MPI of United Nations Development Programme (UNDP).
Which of the statements given above is/are correct?

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2026Economy
Diff:Moderate

Consider the following statements about the Non-Banking Financial Companies (NBFCs) in India:
1. NBFCs cannot accept demand deposits.
2. All the NBFCs operating in India have to be registered with the RBI.
3. NBFCs form part of the payment and settlement system and can issue cheque drawn on itself.
4. Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation (DICGC) is not available to the depositors of deposit taking NBFCs.
Which of the statements given above is/are correct?

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2026Economy
Diff:Standard

Which of the following statements about Crowdfunding is/are correct?
1. Crowdfunding is solicitation of funds (small amount) from multiple investors through a web-based platform or social networking site for a specific project.
2. Small and Medium Enterprises (SMEs) are able to raise funds at lower cost of capital without undergoing rigorous procedures.
Select the answer using the code given below:

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2026Economy
Diff:Moderate

Which of the following statements about insurance in aviation sector is/are correct?
1. 'Aviation Hull Insurance' covers the physical aircraft, including the body, engine, and on-board equipment.
2. Under the Montreal Convention, adopted in 1999 by over 130 countries, including India, airlines are strictly liable to pay compensation to the family/ nominee of every deceased passenger without requiring the family to prove fault.
Select the answer using the code given below:

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2026Economy
Diff:Moderate

Which of the following statements about Rare Earth Elements (REEs) and Critical Minerals is/are correct?
1. Modern technological innovations including Artificial Intelligence, robotics and space exploration extensively utilize Rare Earth Elements (REEs).
2. China has the highest share in mining of REEs followed by India.
3. The Government of India launched the National Critical Mineral Mission (NCMM) in 2025 to establish a robust framework for self-reliance in the critical mineral sector.
4. Rare Earth Elements are a set of 13 metallic elements.
Select the answer using the code given below:

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2026Economy
Diff:Standard

Which one of the following best describes the 'Crowding Out Effect' in the context of fiscal policy?

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2026Economy
Diff:Moderate

Which of the following statements about M1xchange's role in Micro, Small & Medium Enterprises (MSMEs) financing is/are correct?
1. M1xchange provides collateral based loans to MSMEs.
2. M1xchange facilitates discounting of invoices and Bills of Exchange for MSMEs.
3. M1xchange functions as a credit rating agency for MSMEs.
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2026Economy
Diff:Standard

A bond whose proceeds are used only to finance or refinance a combination of both environmental and social projects is called :

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2026Economy
Diff:Moderate

Which of the following statements about Real-World Assets (RWA) Tokenization are correct?
1. Tokenization is the process of turning real world assets into digital tokens using blockchain technology.
2. Tokenization of real world assets offers 24 x 7 access, promoting financial inclusion.
3. Tokenization of real world assets will allow the access to high growth investment opportunities for individuals in India.
Select the answer using the code given below :

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2026Economy
Diff:Moderate

Which one of the following statements about Unified Payments Interface (UPI) and Central Bank Digital Currency (Digital Rupee) is not correct?

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2026Economy
Diff:Standard

Which one of the following reflects the key objective of India's Open Network for Digital Commerce (ONDC) initiative?

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2026Economy
Diff:Standard

Which one of the following correctly represents the three sub-indices of the Financial Inclusion Index (FI-Index) of the Reserve Bank of India (RBI) ?

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2026Economy
Diff:Standard

An e-commerce revenue model where the seller has control over pricing but doesn't keep products in stock and instead transfers customer orders and shipment details to a third-party supplier, who then ships the goods directly to the customer, is called :

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2026Economy
Diff:Moderate

Which one of the following pairs of semiconductor plants in India and their locations is not correctly matched ?

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2026Economy
Diff:Standard

Which of the following is/are the most significant implication(s) of obtaining Oeko-Tex certification for Eri Silk in the global textile industry?
1. It allows Indian exporters to compete in high-end markets that prioritise chemical-free products.
2. It confirms that Eri Silk meets international safety, environmental, and quality standards, enabling its entry into premium eco-conscious markets.

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2026Economy
Diff:Standard

Which among the following is/are the objective(s) of the Rainfed Area Development (RAD) initiative under the National Mission for Sustainable Agriculture (NMSA) ?
1. Encou raging monoculture in rainfed areas
2. Increasing rice cultivation in irrigated regions
3. Enhancing productivity and minimising climatic risks through Integrated Farming Sys tems (IFS)

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You've reached the end — 16 questions loaded