Indian Economy Mixed Practice — MCQs with Answers (Set 26)

EPM’s District Export Hubs initiative began a 90-day activation drive on 1 June 2026, as reported by Additional DGFT Abhinav Gupta at a 24 June 2026 review meeting.

Under EPM, compliance-cost reimbursement runs under a component called TRACE, while logistics and warehousing support run under FLOW and LIFT.

The Directorate General of Foreign Trade (DGFT) is EPM’s implementing agency, supported by the Department of Commerce, the Ministry of MSME, and Export Promotion Councils.

EPM runs through two sub-schemes: Niryat Protsahan, which covers financial support like interest subvention and export factoring, and Niryat Disha, which covers non-financial enablers like branding and quality compliance.

The Union Cabinet approved EPM on 12 November 2025, with a Rs 25,060 crore outlay covering FY2025-26 to FY2030-31.

The direct credit portfolio grew 36.8% YoY, from Rs 37,781 crore to Rs 51,687 crore.

The answer is ₹1.87 lakh crore. ANI reported in May 2026 that KVIC posted record business of about ₹1.87 lakh crore in 2025-26. Its target for 2026-27 is ₹2.51 lakh crore. The other options are far from this figure. The year before, sales were over ₹1.70 lakh crore. The Chairman is named Manoj Kumar by ANI and Manoj Goel in some reports. Hook: 1.87 lakh crore in 2025-26.

The answer is to verify genuine Khadi and guard the Khadi name. KVIC must ensure the genuineness of its products and set quality standards. It publishes Khadi Mark Regulations, 2013. Institutions that take MMDA must hold a valid Khadi Mark Certificate. Export prices, registration of village industries and production quotas are not what the mark is for. Hook: Khadi Mark means genuine.

The answer is Modified Market Development Assistance (MMDA). KVIC says Market Development Assistance replaced the old rebate system. MMDA, the modified form, began from the third quarter of 2016-17. It funds upgrades, design and sales outlets. The Khadi Mark is a certificate, not a funding scheme. The rebate is no longer the main support. Hook: rebate gave way to MDA, then MMDA.

The answer is REGP and PMRY. The PMEGP guidelines say the government merged these two schemes, which ran until 31 March 2008. KVIC is the single national nodal agency. NREGA and SGSY, IRDP and TRYSEM, and Start-Up India and Stand-Up India were not merged into PMEGP. Hook: two schemes, not one.

The answer is the Khadi and Village Industries Commission Act, 1956, under the Ministry of MSME. KVIC’s own site says it is a statutory body set up by Act No. 61 of 1956. The PMEGP guidelines say it works under the Ministry of MSME. The Rural Development Act, the Cottage Industries Act and the Handicrafts Board Act are not named as KVIC’s law. Hook: Act 1956, MSME.

The correct answer is 5%. The Toy Sector Task Force was announced on 27 July 2026. It aims for a 5% share of the global toy market by 2032. Memory hook: five by thirty-two.

Farmers adopting natural farming get Rs 4,000 per acre per year, for up to one acre, over two years.

Mizoram suffered an estimated Rs 982 crore loss, affecting more than 11,382 households, compared to Rs 276 crore in Assam.

The Ministry confirmed no concessions or commitments on ethanol imports were made in the trade talks.

APEDA facilitated over 35 international buyers, from 13 countries, to strengthen India’s global organic market presence.

BIOFACH INDIA 2026 was held at the India Expo Centre in Greater Noida, focused on organic and natural foods.

Captive and commercial mines together supplied about 20% of India’s total coal production last financial year.

Captive and commercial mines grew 9.61%, to 14.78 million tonnes, outpacing the 7.51% national average.

27 units were approved in 2025-26 (Rs 29.02 crore support), up from 16 units in 2024-25 (Rs 17.19 crore).