Question 1

Consider the following statements regarding FinTech initiatives in India:
1. The global hackathon 'HaRBinger', aimed at improving retail payments and preventing financial fraud, was organised by NITI Aayog.
2. The 'FinTech Open month' was a first-of-its-kind initiative by the Reserve Bank of India to bring together various stakeholders of the FinTech ecosystem.
3. The Unified Lending Interface (ULI) was launched by the RBI, which has also urged Non-Banking Financial Companies (NBFCs) to onboard on the platform.

How many of the above statements are correct?

Accepted Answer

Only one. To determine the correct number of statements, let's analyze each one:

1. **Statement 1 is incorrect.** The global hackathon 'HaRBinger' was organised by the Reserve Bank of India (RBI), not NITI Aayog. The initiative aimed to generate innovative solutions for digital payments.

2. **Statement 2 is incorrect.** The 'FinTech Open month' was an initiative organised by NITI Aayog, in association with PhonePe, not the Reserve Bank of India. It was designed to foster collaboration within the FinTech industry.

3. **Statement 3 is correct.** The Reserve Bank of India (RBI) launched the Unified Lending Interface (ULI) and has been actively encouraging NBFCs to join the platform as part of its regulatory and developmental role in the FinTech ecosystem.

Since only one statement (Statement 3) is correct, the correct option is 'a'.

Question 2

With reference to the digital technologies expected to have a high impact on the Indian economy, consider the following statements:
1. Cloud Computing, Big Data Analytics, and Blockchain are classified as foundational technologies.
2. Artificial Intelligence (AI) and the Internet of Things (IoT) are identified as advanced technologies.
3. Cyber Security is categorized as an advanced technology, while 3D Printing is considered a foundational one.

How many of the above statements are correct?

Accepted Answer

Only one. Statement 1 is incorrect. The three foundational technologies listed are Cloud Computing, Big Data Analytics, and Cyber Security. Blockchain is classified as an advanced technology. Statement 2 is correct. The six advanced technologies identified include Artificial Intelligence (AI), Blockchain, Immersive Media, Internet of Things (IoT), 3D Printing, and Robotics. Statement 3 is incorrect. The classifications are swapped; Cyber Security is a foundational technology, and 3D Printing is an advanced technology.

Question 3

Statement-I: The Central Bank Digital Currency (e₹) is a liability of the Reserve Bank of India.

Statement-II: The e₹ is designed to be fungible legal tender and will not earn any interest, similar to physical cash.

Accepted Answer

Both Statement-I and Statement-II are correct but Statement-II is not the correct explanation for Statement-I.. Statement-I is correct as the text explicitly states that the Central Bank Digital Currency (CBDC) is issued by the RBI and is a liability of the RBI. Statement-II is also correct; the text mentions that CBDC is a fungible legal tender and will not earn any interest, like cash. However, Statement-II describes the features and characteristics of the CBDC, not the fundamental reason for it being a liability. A currency is a liability of the issuing central bank because the bank promises to honor its value. The fact that it is issued by the RBI makes it a liability on the RBI's balance sheet, similar to physical currency notes. Therefore, Statement-II does not provide the correct explanation for Statement-I.

Question 4

With reference to cryptocurrencies, consider the following statements:
1. Cryptocurrencies are a form of digital asset controlled and issued by a central authority to ensure transaction security.
2. The security of cryptocurrency transactions relies on cryptographic algorithms designed to conceal data from unauthorized parties.
3. Unlike fiat money, cryptocurrencies are designed to exist primarily in a digital form and are not typically available in a physical form.

How many of the above statements are correct?

Accepted Answer

Only two. Statement 1 is incorrect. A defining feature of most cryptocurrencies is their decentralized nature, meaning they are not controlled or issued by any single central authority like a government or a bank. They operate on distributed networks.

Statement 2 is correct. The 'crypto' in cryptocurrency refers to cryptography. These digital currencies use advanced cryptographic principles to secure transactions, control the creation of new units, and verify the transfer of assets.

Statement 3 is correct. Cryptocurrencies are native digital assets that exist only in electronic form on a distributed ledger. This is a key distinction from fiat money, which has both physical forms (banknotes and coins) and digital representations.

Therefore, as only statements 2 and 3 are correct, the correct answer is that two statements are correct.

Question 5

Consider the following statements:
Statement-I: The Financial Stability Board (FSB) has a mandate to coordinate the work of national financial authorities at the international level.
Statement-II: The FSB is an autonomous international body headquartered in Basel and is directly funded by the governments of the G20 member nations.

Which one of the following is correct in respect of the above statements?

Accepted Answer

Statement-I is correct but Statement-II is incorrect. Statement-I is correct. The text states that the FSB has a mandate 'to coordinate the work of national financial authorities at the international level'. Statement-II is incorrect. While the FSB is headquartered in Basel, the text specifies that it is 'funded by Bank for International Settlements (BIS)', not directly by the governments of the G20 member nations.

Question 6

With reference to the challenges in India's FinTech sector, consider the following statements:
1. The existence of a single, all-encompassing regulatory strategy for diverse FinTech products is a primary challenge for governance.
2. The overlapping jurisdiction of regulators like the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) simplifies the governance of FinTech solutions.
3. The anonymity provided by certain FinTech platforms can help mitigate the risks of money laundering and terrorism financing.

How many of the above statements are incorrect?

Accepted Answer

All three. Statement 1 is incorrect. The text states that the 'wide range of FinTech products make it challenging to create a single, all-encompassing strategy', implying that the absence of such a strategy, not its existence, is the challenge. Statement 2 is incorrect. The text explicitly lists the 'overlapping jurisdiction of different regulators like SEBI, RBI, etc.' as a challenge that makes it difficult to create a single strategy, not something that simplifies governance. Statement 3 is incorrect. The text identifies the 'risk of proliferation of money laundering activities, financing of terrorism... using the anonymity of the FinTech platforms' as a challenge, meaning anonymity increases the risk, it does not mitigate it. Therefore, all three statements are incorrect.

Question 7

Consider the following pairs:
1. Peer-to-Peer Lending : LendTech
2. Roboadvisory : LendTech
3. Open Banking : BankTech
How many of the above pairs are correctly matched?

Accepted Answer

Only two. Pair 1 is correctly matched. Peer-to-Peer (P2P) lending platforms connect borrowers directly with individual lenders, which is a core innovation in the lending technology (LendTech) sector. Pair 2 is incorrectly matched. Roboadvisory involves automated, algorithm-driven investment advice and portfolio management. This falls under WealthTech, which focuses on wealth and asset management, not LendTech. Pair 3 is correctly matched. Open Banking uses APIs to enable third-party developers to build applications and services around a financial institution, which is a fundamental aspect of modernizing banking infrastructure (BankTech). Since two pairs are correctly matched, option 'b' is the correct answer.

Question 8

Consider the following statements:
Statement-I: In the Indian context, neobanks do not operate with their own independent banking licenses but instead partner with traditional banks.
Statement-II: The Reserve Bank of India's regulatory framework currently prohibits the existence of banks that are 100 percent digital, which prevents neobanks from acquiring their own licenses.
Which one of the following is correct in respect of the above statements?

Accepted Answer

Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I.. Statement-I is correct. The provided text explicitly mentions that in India, neobanks work in partnerships with traditional banks to provide bank-licensed services. Statement-II is also correct. The text states that the reason for this partnership model is 'because the Reserve Bank of India (RBI) doesn’t allow banks to be 100 per cent digital yet.' Since the condition described in Statement-II is the direct cause for the situation described in Statement-I, Statement-II is the correct explanation for Statement-I.

Question 9

With reference to Prepaid Payment Instruments (PPIs), consider the following statements:
1. PPIs are licensed and regulated by the Reserve Bank of India.
2. A brand-specific gift card is an example of an open system PPI.
3. Magnetic Secure Transmission (MST) is a technology used by PPIs in the form of mobile wallets.
How many of the above statements are correct?

Accepted Answer

Only two. Statement 1 is correct. The text explicitly states that 'PPIs are licensed and regulated by the Reserve Bank of India.' Statement 2 is incorrect. The text provides a brand-specific gift card (like an Amazon gift card) as an example of a 'closed system PPI,' not an open system one. This is a classification error. Statement 3 is correct. The text lists Magnetic Secure Transmission (MST) as one of the technologies used by mobile devices and digital wallets, which are a form of PPI. Therefore, only two statements are correct.

Question 10

Consider the following pairs regarding the components of India Stack and their respective owning or regulating agencies:
1. Unified Payments Interface (UPI) : National Payments Corporation of India
2. eSign : Ministry of Electronics and Information Technology
3. Account Aggregator Framework : Reserve Bank of India
How many of the above pairs are correctly matched?

Accepted Answer

Only two. Statement 1 is correct: The text explicitly states that UPI is owned by the National Payments Corporation of India (NPCI). Statement 3 is correct: The text mentions that the Account Aggregator Framework is regulated by the Reserve Bank of India (RBI). Statement 2 is incorrect: The text specifies that eSign is a technology specification maintained by the Ministry of Communications and Information Technology, not the Ministry of Electronics and Information Technology (MeitY).

Question 11

With reference to the Digital Rupee-Retail (e₹-R), consider the following statements:
1. It is distributed directly by the Reserve Bank of India to the public, bypassing financial intermediaries.
2. Its value is pegged to the country's fiat currency and it is issued in the same denominations as paper currency.
3. Transactions using e₹-R can be performed through a digital wallet offered exclusively by the Reserve Bank of India.
How many of the above statements are correct?

Accepted Answer

Only one. Statement 1 is incorrect. The Digital Rupee is being distributed through financial intermediaries, specifically the banks, not directly by the RBI. Statement 2 is correct. The text confirms that the e₹-R is pegged to the value of the fiat currency and is issued in the same denominations as paper currency and coins. Statement 3 is incorrect. The text states that users can transact with e₹-R through a digital wallet offered by the participating banks, not exclusively by the RBI.

Question 12

Consider the following statements regarding global FinTech initiatives:
1. The Bali FinTech Agenda was jointly launched by the World Economic Forum and the Cambridge Centre for Alternative Finance.
2. One of the aims of the Bali FinTech Agenda is to provide a framework to support the Sustainable Development Goals, especially in low-income countries.
3. "The Future of Global FinTech" is a policy framework of 12 elements established to help member countries manage the risks arising from advances in financial technology.

How many of the above statements are correct?

Accepted Answer

Only one. Statement 1 is incorrect. The Bali FinTech Agenda was launched by the International Monetary Fund (IMF) and the World Bank. The World Economic Forum and the Cambridge Centre for Alternative Finance (CCAF) jointly initiated the 'Future of Global FinTech' research initiative. Statement 2 is correct. The agenda provides a framework to support the Sustainable Development Goals, particularly in low-income countries where financial service access is low. Statement 3 is incorrect. This statement incorrectly describes 'The Future of Global FinTech'. It is the Bali FinTech Agenda that is a set of 12 policy elements. 'The Future of Global FinTech' is a research initiative, not a policy framework of 12 elements.

Question 13

Consider the following two statements:
Statement-I: The Bali FinTech Agenda imposes a mandatory set of 12 policy rules that member countries of the IMF and World Bank must implement for their domestic FinTech regulation.
Statement-II: The Bali FinTech Agenda was launched by the IMF and World Bank to help member countries harness the benefits of FinTech while managing its risks.

Which one of the following is correct in respect of the above statements?

Accepted Answer

Statement-I is incorrect but Statement-II is correct.. Statement-I is incorrect. The Bali FinTech Agenda is not a mandatory or binding set of rules. It 'proposes a framework of high-level issues that countries should consider' and 'aims to guide' national authorities, making it a voluntary and guiding framework, not a set of imposed regulations. The use of the word 'imposes' makes the statement incorrect. Statement-II is correct. The agenda was indeed launched by the IMF and World Bank with the stated purpose of helping member countries manage the opportunities and risks associated with FinTech.

Question 14

With reference to the FinTech and digital landscape in India, consider the following statements:
1. India's FinTech adoption rate, at 64 per cent, is significantly lower than the global average of 87 per cent.
2. According to the Internet in India Report 2024, urban India has a larger share of the country's total internet user population compared to rural India.
3. The usage of regional languages for accessing digital content is more prevalent in urban India (98%) than in rural India (57%).

How many of the above statements are correct?

Accepted Answer

None. Statement 1 is incorrect. India's FinTech adoption rate is 87 per cent, which is substantially higher than the global average of 64 per cent. Statement 2 is incorrect. As per the Internet in India Report 2024, rural India accounts for 55 per cent of the total internet population with 488 million users, thus having a larger share than urban India. Statement 3 is incorrect. The prevalence of accessing content in regional languages is significantly higher in rural India, where 98 per cent of users do so, compared to 57 per cent of users in urban India.

Question 15

Consider the following statements:
Statement-I: The term 'Techade' in the Indian context refers to the decade of 2010-2019, which saw significant growth in the technology industry.
Statement-II: During the 2010-2019 period, the Indian technology industry added over US$100 billion in revenues and created more than 2 million jobs.

Which one of the following is correct in respect of the above statements?

Accepted Answer

Statement-I is incorrect but Statement-II is correct.. Statement-I is incorrect. The term 'Techade' or 'Tech-Decade' refers to the ongoing decade of the 2020s, not the 2010-2019 period. The text identifies the 2020s as the decade where technology is expected to create vast possibilities. Statement-II is correct. The text explicitly mentions that during the decade of 2010-2019, the Indian technology industry experienced substantial growth, adding over US$100 billion in revenues and over 2 million tech jobs.

Question 16

With reference to India's digital payment infrastructure, consider the following statements:

1. The Unified Payments Interface (UPI) is regulated by the National Payments Corporation of India (NPCI).
2. The National Payments Corporation of India (NPCI) was established as an initiative of the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA).
3. The Immediate Payments Service (IMPS) and the National Automated Clearing House (NACH) are both operated by the Reserve Bank of India.

How many of the above statements are correct?

Accepted Answer

Only one. Statement 1 is incorrect. The provided text explicitly states that the Unified Payment Interface (UPI) is regulated by the Reserve Bank of India (RBI), not the NPCI. Statement 2 is correct. The text mentions that NPCI is an initiative of RBI and the Indian Banks’ Association (IBA). Statement 3 is incorrect. The text lists both IMPS and NACH as systems operated by the National Payments Corporation of India (NPCI), not the RBI. Therefore, only one statement is correct.

Question 17

Consider the following statements regarding digital wallets in India:

1. Semi-Closed Wallets are characterized by the feature of allowing users to withdraw money from ATMs.
2. Open Wallets, such as YONO by SBI, can only be issued by banks or institutions partnered with a bank.
3. Amazon Pay is an example of a Semi-Closed Wallet that allows transactions at a wide range of listed merchants.

How many of the above statements are correct?

Accepted Answer

Only one. Statement 1 is incorrect. The ability to withdraw cash from ATMs is a defining characteristic of Open Wallets, not Semi-Closed Wallets. Semi-Closed Wallets are restricted to payments for goods and services and fund transfers, but do not permit cash withdrawal.

Statement 2 is correct. Open Wallets are deeply integrated with the banking system, which allows for features like cash withdrawal. Consequently, their issuance is restricted to banks or non-bank entities that have a partnership with a bank.

Statement 3 is incorrect. Amazon Pay is an example of a Closed Wallet, where the funds can only be used for transactions with the issuing entity (i.e., on the Amazon platform). Semi-Closed wallets, in contrast, can be used across a network of affiliated merchants.

Since only statement 2 is correct, and statements 1 and 3 are incorrect, only one of the statements is correct.

Question 18

With reference to the features of payment systems in India, consider the following statements:

1. The Real Time Gross Settlement (RTGS) system is operated by the RBI and is primarily intended for smaller value transactions.
2. The BharatQR Code is an interoperable payment system developed exclusively by the National Payments Corporation of India (NPCI).
3. The National Automated Clearing House (NACH) is a platform designed for inter-bank electronic transactions that are repetitive and of high volumes.

How many of the above statements are correct?

Accepted Answer

Only one. Statement 1 is incorrect. The text states that the RTGS system is used for high-value transactions, not smaller value ones. Statement 2 is incorrect. The text specifies that the BharatQR Code was developed by NPCI in collaboration with VISA, MasterCard, and American Express; it was not developed 'exclusively' by NPCI. Statement 3 is correct. The text defines NACH as a web-based platform for inter-bank electronic transactions that are repetitive and of high volumes. Therefore, only one statement is correct.

Question 19

Consider the following statements regarding Regulatory Technology (RegTech) and Supervisory Technology (SupTech):
1. RegTech refers to the use of technology solutions by regulatory authorities themselves to monitor and ensure regulatory compliance by regulated entities.
2. The Central Repository of Information on Large Credits (CRILC) is an example of a RegTech application used in India.
3. RegTech applications are often focused on helping companies manage compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) norms.

How many of the above statements are correct?

Accepted Answer

Only one. Statement 1 is incorrect. It swaps the definitions of RegTech and SupTech. Regulatory Technology (RegTech) refers to technology used by companies to comply with regulations, whereas Supervisory Technology (SupTech) is used by regulatory authorities to supervise regulated entities. Statement 2 is incorrect. The Central Repository of Information on Large Credits (CRILC) is a SupTech tool used by the Reserve Bank of India for data collection and analysis, not a RegTech application. Statement 3 is correct. A primary focus of RegTech applications is to assist companies in managing their regulatory obligations, particularly in areas like Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance. Therefore, only one statement is correct.

Question 20

Examine the following two statements:
Statement-I: The risk-based supervision of banks in India is an example of the application of Supervisory Technology (SupTech).
Statement-II: SupTech involves the use of technology by regulatory authorities for data collection and analysis, which improves the efficiency of their supervisory functions.

Which one of the following is correct in respect of the above statements?

Accepted Answer

Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I.. Statement-I is correct. The provided text explicitly states that the risk-based supervision of banks is extensively data-driven and is an example of SupTech. Statement-II is also correct. The text defines SupTech as the use of technology by regulatory authorities to monitor compliance and improve efficiency through automation and data analysis. Statement-II provides the correct explanation for Statement-I because risk-based supervision is fundamentally data-driven; SupTech provides the technological capability for the extensive data collection and analysis required for this supervisory approach, thus making it an example of SupTech in action.

Question 21

With reference to the technologies driving India's digital economy, consider the following statements:
1. Cloud Computing and Big Data Analytics are considered foundational technologies.
2. Artificial Intelligence and Blockchain are classified as advanced, rather than foundational, technologies.
3. Cyber Security is categorized as an advanced technology, similar to the Internet of Things.
Which of the statements given above are correct?

Accepted Answer

1 and 2 only. Statement 1 is correct as Cloud Computing and Big Data Analytics are foundational. Statement 2 is also correct as AI and Blockchain are advanced technologies. Statement 3 is incorrect because Cyber Security, along with Cloud Computing and Big Data Analytics, is classified as a foundational technology, not an advanced one.

Question 22

Consider the following statements regarding the objectives and components of Financial Inclusion in India:
1. Ensuring mere access to financial services, without their active usage, is sufficient to achieve the primary goals of financial inclusion.
2. According to the C. Rangarajan Committee, affordability of financial services is a key pillar of financial inclusion.
3. An increase in financial inclusion is expected to widen economic inequality by concentrating wealth among the financially literate.
How many of the statements given above are correct?

Accepted Answer

Only one. Statement 1 is incorrect as active usage, not just access, is crucial for meaningful financial inclusion. Statement 2 is correct as the Rangarajan Committee definition explicitly includes affordability. Statement 3 is incorrect as financial inclusion aims to reduce, not widen, economic inequality by empowering vulnerable sections.

Question 23

Consider the following statements:
Statement-I: The Financial Stability Board (FSB) defines FinTech primarily as technology-enabled innovation that could materially affect the provision of financial services.
Statement-II: In India, the Reserve Bank of India's primary mandate regarding FinTech is to exclusively promote innovation, even at the cost of short-term financial stability risks.
Which one of the following is correct in respect of the above statements?

Accepted Answer

Statement-I is correct but Statement-II is incorrect.. Statement-I is correct and accurately reflects the definition provided by the Financial Stability Board. Statement-II is incorrect because the RBI's mandate is to balance financial innovation with financial stability, not to promote one at the exclusion or cost of the other. A central bank's core responsibility remains maintaining stability.

Question 24

With reference to the Central Bank Digital Currency (CBDC) framework, consider the following statements:

1. Retail CBDC (CBDC-R) is designed for use by the general public and non-financial businesses for day-to-day transactions.
2. Wholesale CBDC (CBDC-W) is designed for settling large-value transactions between major corporations and government agencies.
3. A CBDC, unlike commercial bank deposits, represents a direct liability of the central bank.

How many of the statements given above are correct?

Accepted Answer

Only two. Statement 1 is correct. Retail CBDC is the electronic version of cash for use by all, including the private sector, non-financial consumers, and businesses. Statement 2 is incorrect. Wholesale CBDC is restricted to select financial institutions for interbank transfers and the settlement of government securities, not for general corporate transactions. Statement 3 is correct. CBDC is a direct claim on the central bank, just like physical currency, whereas commercial bank deposits are liabilities of the commercial banks.

Question 25

Consider the following statements regarding India's digital financial ecosystem:

Statement-I: The technological architecture of the Central Bank Digital Currency (e-Rupee) is fundamentally integrated with and dependent on the 'India Stack' APIs.

Statement-II: A key macroeconomic advantage of a CBDC is the reduction of settlement risk, as transactions are settled using central bank money.

Accepted Answer

Statement-I is incorrect but Statement-II is correct.. Statement-I is incorrect. The e-Rupee operates on a distinct platform managed by the RBI, which is separate from the India Stack infrastructure (comprising Aadhaar, UPI, etc.), although they may interoperate. Statement-II is correct. Settlement in central bank money is final and carries no credit or liquidity risk, unlike settlements via commercial bank money, thus eliminating settlement finality risk.

Question 26

Consider the following statements regarding the potential macroeconomic implications of introducing a Central Bank Digital Currency (CBDC):

1. A large-scale public adoption of CBDC may lead to a reduction in demand deposits held with commercial banks.
2. A significant shift of funds from commercial banks to CBDC is likely to strengthen the credit creation capacity of the banking system.
3. A CBDC, similar to physical currency, is recorded as a liability on the central bank's balance sheet.

Which of the statements given above are correct?

Accepted Answer

1 and 3 only. Statement 1 is correct as the public may choose to hold the sovereign-backed, risk-free CBDC instead of deposits in commercial banks. Statement 2 is incorrect; a reduction in bank deposits would shrink their resource base (CASA ratio), thereby reducing their capacity for credit creation and weakening the money multiplier. Statement 3 is correct as both physical currency and CBDC are direct liabilities of the central bank.

Question 27

Consider the following factors related to India's digital economy:

1. Implementation of Right of Way (RoW) policy reforms.
2. Rationalization of spectrum pricing to support service providers.
3. A national FinTech adoption rate significantly higher than the global average.

How many of the above are considered primary policy drivers for the growth of the *FinTech sector* in India?

Accepted Answer

Only one. Statement 1 is incorrect; Right of Way (RoW) policy reforms are specifically aimed at easing the rollout of physical telecom infrastructure like fiber networks, not directly driving FinTech. Statement 2 is incorrect; Spectrum pricing rationalization is a policy measure to support Telecom companies, which provide the underlying connectivity, but it is not a primary FinTech sector policy. Statement 3 is correct; India's high FinTech adoption rate (87%) reflects strong consumer demand and a conducive ecosystem, which is a key demand-side driver for the sector's growth.

Question 28

With reference to internet penetration in India, consider the following statements:

Statement-I: The absolute number of internet users in rural India has surpassed the number of internet users in urban India.

Statement-II: The teledensity gap between urban and rural areas has been effectively bridged due to this trend.

Accepted Answer

Statement-I is correct but Statement-II is incorrect.. Statement-I is correct. Recent data indicates that rural India accounts for a majority of the total internet user base, meaning the absolute number of users is higher than in urban areas. Statement-II is incorrect. Despite the higher absolute number of users, a significant teledensity gap persists because teledensity measures penetration rate relative to population, and India's vast rural population means the per-capita penetration rate remains lower than in urban centers.

Question 29

Regarding the recent developments in India's telecom sector, consider the following statements:

1. A majority of the recently deployed 5G base stations in India are yet to be connected through fiber networks.
2. To improve the financial health of telecom operators, the government has waived the requirement for bank guarantees related to past spectrum auctions.
3. The Production-Linked Incentive (PLI) scheme for telecom has successfully attracted investments primarily for expanding smartphone assembly lines.

Which of the statements given above is/are correct?

Accepted Answer

2 only. Statement 1 is incorrect. A significant majority (approx. 68%) of the 5G base stations have already been fiberized, indicating the opposite of the statement. Statement 2 is correct; the government implemented this reform to provide financial relief to telecom companies and enable them to better utilize funds for network expansion. Statement 3 is incorrect; the PLI scheme has spurred investment in the broader category of 'telecom equipment production', not just smartphone assembly, to build a robust domestic manufacturing ecosystem.

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