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Industrial Growth & Economic Reforms MCQ — 366 Practice Questions with Answers

Industrial Growth & Economic Reforms is a Indian Economy topic in the RAS/RPSC syllabus. This page gathers exam-style Industrial Growth & Economic Reforms multiple-choice questions with correct answers and explanations, so aspirants can test recall and revise frequently examined concepts.

Practice 366 Industrial Growth & Economic Reforms multiple-choice questions with detailed answers and explanations. Ideal for RAS/RPSC exam preparation.

366 Questions Indian Economy

Reviewed by: Aspirant Academy Editorial Team

Practice Questions

Q1. Which central initiative does the Rajasthan Semiconductor Policy 2026 align with?

A India Semiconductor Mission 2.0 Correct
B Make in India 2.0
C Digital India
D Atmanirbhar Bharat

Explanation

The policy aligns with the Centre's India Semiconductor Mission 2.0 announced in Union Budget 2026-27, which aims to develop full-stack Indian semiconductor IP and fortify supply chains.

Q2. India ranks which position globally in number of unicorn startups?

A 3rd Correct
B 1st
C 2nd
D 5th

Explanation

India ranks 3rd globally in the number of unicorn startups (valued at $1 billion+) after the USA and China. India had over 110+ unicorns by 2024 across sectors like fintech, edtech, ecommerce, and SaaS.

Q3. FDI in India can come through which two routes?

A Primary Route and Secondary Route
B RBI Route and SEBI Route
C Direct Route and Portfolio Route
D Automatic Route and Government Route Correct

Explanation

FDI in India is permitted through Automatic Route (no prior government approval needed) and Government Route (prior approval needed from the concerned ministry/DPIIT). Most sectors allow 100% FDI under automatic route.

Q4. Under which theme was the National Textiles Ministers' Conference 2026 held in Guwahati?

A Stitching the Future
B India's Textiles: Weaving Growth, Heritage & Innovation Correct
C Make in India Textiles
D Textiles for Tomorrow

Explanation

The conference theme was 'India's Textiles: Weaving Growth, Heritage & Innovation' with the guiding ethos 'Vikas Bhi, Virasat Bhi'.

Q5. India signed a Comprehensive Economic Partnership Agreement (CEPA) with:

A Japan and South Korea Correct
B USA and UK
C Russia and Germany
D China and Japan

Explanation

India has CEPAs with South Korea (signed August 2009, effective January 2010) and Japan (signed February 2011, effective August 2011). India also has a CEPA with UAE (2022) and ECTA with Australia (2022). India signed the India-UK Comprehensive Economic and Trade Agreement (CETA) in July 2025.

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Frequently Asked Questions

How many Industrial Growth & Economic Reforms MCQ questions are available?
There are 366 Industrial Growth & Economic Reforms practice MCQs available on Aspirant Academy, with detailed answers and explanations for each question.
Are answers and explanations provided for Industrial Growth & Economic Reforms MCQs?
Yes, every Industrial Growth & Economic Reforms question comes with the correct answer and a detailed explanation to help you understand the underlying concept.
How is Industrial Growth & Economic Reforms relevant to the RAS/RPSC exam?
Industrial Growth & Economic Reforms falls under the Indian Economy section of the RAS/RPSC syllabus. It is a frequently tested area and regular practice with these MCQs will strengthen your preparation.
Can I practice Industrial Growth & Economic Reforms questions in Hindi?
Yes, Aspirant Academy offers bilingual support. You can practice Industrial Growth & Economic Reforms MCQs in both English and Hindi, including questions, options, and explanations.

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