MCQ Test: India Unveils Major Export Boost, R&D Fund, and Defence Enhancements

1. What is the approximate total financial package approved by the Union Cabinet to boost India's export sector, encompassing the Export Promotion Mission (EPM) and the Credit Guarantee Scheme for Exporters (CGSE)?

A) $2.5 billion (around ₹21,000 crore) B) $5.1 billion (around ₹42,500 crore) C) $7.5 billion (around ₹62,000 crore) D) $10 billion (around ₹83,000 crore)

2. The Export Promotion Mission (EPM) aims to consolidate which existing schemes to create a unified, outcome-based mechanism?

A) Production Linked Incentive (PLI) Scheme and FAME India Scheme B) Interest Equalisation Scheme (IES) and Market Access Initiative (MAI) C) National Export Insurance Account (NEIA) and Remission of Duties and Taxes on Exported Products (RoDTEP) D) Scheme for Remission of Duties on Exported Products (RoDTEP) and Merchandise Exports from India Scheme (MEIS)

3. What is the key feature of the newly introduced Credit Guarantee Scheme for Exporters (CGSE) regarding credit coverage?

A) It provides 50% collateral-based credit guarantee coverage. B) It offers 75% credit guarantee coverage for large exporters only. C) It provides 100% collateral-free credit guarantee coverage. D) It offers direct loans to exporters without any guarantee.

4. Which entity is responsible for providing 100% credit guarantee coverage under the Credit Guarantee Scheme for Exporters (CGSE)?

A) Export Credit Guarantee Corporation of India (ECGC) B) Reserve Bank of India (RBI) C) Small Industries Development Bank of India (SIDBI) D) National Credit Guarantee Trustee Company Limited (NCGTC)

5. The ₹1 Lakh Crore Research, Development and Innovation (RDI) Scheme Fund was launched with the primary aim of promoting what in India?

A) Government-funded research in public universities B) Private sector-driven R&D ecosystem for high-risk, high-impact projects C) International collaborations for space research D) Agricultural research and development only

6. What is the name of the sophisticated laser-guided anti-tank missile recently procured by the Ministry of Defence to enhance the firepower of the Indian Army's T-90 tanks?

A) Agni-V B) BrahMos C) INVAR D) Akash

7. Which company signed a contract with the Ministry of Defence for the procurement of INVAR Anti-tank Missiles?

A) Hindustan Aeronautics Limited (HAL) B) Bharat Electronics Limited (BEL) C) Bharat Dynamics Limited (BDL) D) Mazagon Dock Shipbuilders Limited (MDL)

8. What significant change is being expedited in the new Special Economic Zone (SEZ) rules to grant manufacturers greater access to the local market and mitigate the impact of increased US tariffs?

A) Complete exemption from all customs duties for SEZ units B) Allowing SEZ units to conduct reverse job work and sell in Domestic Tariff Areas (DTA) C) Banning all foreign direct investment in SEZ units D) Restricting the types of goods that can be produced in SEZs

9. Which Indian state has become the first to implement the amended Bharat Net Scheme statewide, extending broadband connectivity across its rural areas?

A) Uttar Pradesh B) Maharashtra C) Punjab D) Karnataka

10. For how many years will the Export Promotion Mission (EPM) be implemented with an outlay of ₹25,060 crore?

A) Three years (FY 2025-26 to FY 2027-28) B) Five years (FY 2025-26 to FY 2029-30) C) Six years (FY 2025-26 to FY 2030-31) D) Ten years (FY 2025-26 to FY 2034-35)

11. Which of the following is NOT explicitly mentioned as a target beneficiary sector for the Export Promotion Mission (EPM)?

A) Micro, Small, and Medium Enterprises (MSMEs) B) First-time exporters C) Labour-intensive sectors D) Large-scale public sector manufacturing units

12. The Credit Guarantee Scheme for Exporters (CGSE) aims to extend additional credit facilities of up to what amount to eligible exporters?

A) ₹10,000 crore B) ₹20,000 crore C) ₹25,000 crore D) ₹42,500 crore

13. The procurement of INVAR Anti-tank Missiles by the Ministry of Defence aligns with which major government initiative aimed at enhancing national capabilities and self-reliance?

A) Make in India B) Digital India C) Aatmanirbhar Bharat D) Skill India

14. The ₹1 Lakh Crore Research, Development and Innovation (RDI) Scheme Fund was announced during which specific event?

A) India International Science Festival B) Vibrant Gujarat Global Summit C) Emerging Science, Technology and Innovation Conclave (ESTIC) 2025 D) Global Investors Summit

ALL TN Comp Exams Prep

India Unveils Major Export Boost, R&D Fund, and Defence Enhancements

Your Score: 0 / 0

1. What is the approximate total financial package approved by the Union Cabinet to boost India's export sector, encompassing the Export Promotion Mission (EPM) and the Credit Guarantee Scheme for Exporters (CGSE)?

2. The Export Promotion Mission (EPM) aims to consolidate which existing schemes to create a unified, outcome-based mechanism?

3. What is the key feature of the newly introduced Credit Guarantee Scheme for Exporters (CGSE) regarding credit coverage?

4. Which entity is responsible for providing 100% credit guarantee coverage under the Credit Guarantee Scheme for Exporters (CGSE)?

5. The ₹1 Lakh Crore Research, Development and Innovation (RDI) Scheme Fund was launched with the primary aim of promoting what in India?

6. What is the name of the sophisticated laser-guided anti-tank missile recently procured by the Ministry of Defence to enhance the firepower of the Indian Army's T-90 tanks?

7. Which company signed a contract with the Ministry of Defence for the procurement of INVAR Anti-tank Missiles?

8. What significant change is being expedited in the new Special Economic Zone (SEZ) rules to grant manufacturers greater access to the local market and mitigate the impact of increased US tariffs?

9. Which Indian state has become the first to implement the amended Bharat Net Scheme statewide, extending broadband connectivity across its rural areas?

10. For how many years will the Export Promotion Mission (EPM) be implemented with an outlay of ₹25,060 crore?

11. Which of the following is NOT explicitly mentioned as a target beneficiary sector for the Export Promotion Mission (EPM)?

12. The Credit Guarantee Scheme for Exporters (CGSE) aims to extend additional credit facilities of up to what amount to eligible exporters?

13. The procurement of INVAR Anti-tank Missiles by the Ministry of Defence aligns with which major government initiative aimed at enhancing national capabilities and self-reliance?

14. The ₹1 Lakh Crore Research, Development and Innovation (RDI) Scheme Fund was announced during which specific event?

India Unveils Major Export Boost, R&D Fund, and Defence Enhancements

Your Score: 0 / 0

1. What is the approximate total financial package approved by the Union Cabinet to boost India's export sector, encompassing the Export Promotion Mission (EPM) and the Credit Guarantee Scheme for Exporters (CGSE)?

2. The Export Promotion Mission (EPM) aims to consolidate which existing schemes to create a unified, outcome-based mechanism?

3. What is the key feature of the newly introduced Credit Guarantee Scheme for Exporters (CGSE) regarding credit coverage?

4. Which entity is responsible for providing 100% credit guarantee coverage under the Credit Guarantee Scheme for Exporters (CGSE)?

5. The ₹1 Lakh Crore Research, Development and Innovation (RDI) Scheme Fund was launched with the primary aim of promoting what in India?

6. What is the name of the sophisticated laser-guided anti-tank missile recently procured by the Ministry of Defence to enhance the firepower of the Indian Army's T-90 tanks?

7. Which company signed a contract with the Ministry of Defence for the procurement of INVAR Anti-tank Missiles?

8. What significant change is being expedited in the new Special Economic Zone (SEZ) rules to grant manufacturers greater access to the local market and mitigate the impact of increased US tariffs?

9. Which Indian state has become the first to implement the amended Bharat Net Scheme statewide, extending broadband connectivity across its rural areas?

10. For how many years will the Export Promotion Mission (EPM) be implemented with an outlay of ₹25,060 crore?

11. Which of the following is NOT explicitly mentioned as a target beneficiary sector for the Export Promotion Mission (EPM)?

12. The Credit Guarantee Scheme for Exporters (CGSE) aims to extend additional credit facilities of up to what amount to eligible exporters?

13. The procurement of INVAR Anti-tank Missiles by the Ministry of Defence aligns with which major government initiative aimed at enhancing national capabilities and self-reliance?

14. The ₹1 Lakh Crore Research, Development and Innovation (RDI) Scheme Fund was announced during which specific event?

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