Service Sector, Energy & Transport MCQ — 266 Practice Questions with Answers

Explanation

NSHIP will develop India's first mega shipbuilding cluster spanning approximately 2,000 acres with a 2-km waterfront in Thoothukudi.

Explanation

Statements 1, 2 and 4 are correct from the corpus fact. Statement 3 is incorrect because FASTag is RFID-based, not principally QR-code based.

Explanation

CAD occurs when a country's total imports of goods, services, and transfers exceed its total exports. India typically has a CAD financed by capital inflows (FDI, FPI, ECBs). A high CAD indicates dependency on foreign capital.

Explanation

Under the India-US Interim Trade Agreement framework announced on February 6–7, 2026, the US reciprocal tariff on Indian goods was reduced to 18%. India also committed to $500 billion in US energy and technology purchases over five years, with removal of reciprocal tariffs planned for generic pharmaceuticals, gems and diamonds, and aircraft parts.

Explanation

According to NSO's Energy Statistics India 2026, Solar Energy accounts for 33,43,378 MW out of India's total 47,04,043 MW renewable potential — approximately 71%. Wind power is second at 11,63,856 MW, and Large Hydro is third at 1,33,410 MW.