MCQ Test: India's Economy Navigates Global Trade Headwinds with Domestic Focus and Policy Reforms

1. The United States has increased tariffs on Indian exports by what percentage, potentially reducing India's FY26 GDP?

A) 25% B) 50% C) 75% D) 100%

2. Which two labor-intensive sectors are particularly affected by the increased US tariffs on Indian exports?

A) Information Technology and Pharmaceuticals B) Textiles and Jewelry C) Automotive and Heavy Machinery D) Agriculture and Fisheries

3. What is India's primary strategy to mitigate the impact of increased US tariffs on its exports?

A) Imposing retaliatory tariffs on US imports B) Seeking to diversify its export markets C) Increasing domestic consumption to offset export losses D) Appealing to the World Trade Organization (WTO)

4. Which Union Minister announced plans to target 40 countries to boost apparel exports?

A) Mr. Piyush Goyal B) Ms. Nirmala Sitharaman C) Mr. Giriraj Singh D) Mr. V. Anantha Nageswaran

5. What is the significance of the textile sector in India's employment landscape?

A) It is the largest employer in India. B) It is India's second-largest employer after agriculture. C) It is a minor contributor to employment, primarily focused on exports. D) Its employment figures are expected to decline significantly due to tariffs.

6. The 'Swadeshi' initiative, emphasized by Union Minister Piyush Goyal, primarily aims to achieve what?

A) Increase foreign direct investment (FDI) B) Strengthen growth and financial security by reducing import dependence C) Promote international trade agreements D) Focus on advanced technological exports

7. A recent Goods and Services Tax (GST) cut on how many everyday items is expected to spur demand and boost GDP?

A) 175 B) 275 C) 375 D) 475

8. What was the GST reduction for a broad range of handicraft items?

A) From 18% to 12% B) From 12% to 5% C) From 5% to 0% D) From 28% to 18%

9. The recent tax reforms, including GST cuts, align with which broader Indian government initiative?

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

10. Which Union Minister questioned Corporate India's investment behavior despite receiving corporate tax cuts and benefiting from GST reforms?

A) Mr. Piyush Goyal B) Ms. Nirmala Sitharaman C) Mr. Giriraj Singh D) Mr. V. Anantha Nageswaran

11. What is India's GDP growth forecast for FY26, according to Chief Economic Adviser (CEA) V. Anantha Nageswaran?

A) 5.0-5.5% B) 6.3-6.8% C) 7.0-7.5% D) 7.8-8.3%

12. What was India's GDP growth rate in the April-June quarter?

A) 6.3% B) 6.8% C) 7.8% D) 8.2%

13. What is cited as the primary reason for the Indian equity market's resilience despite Foreign Portfolio Investor (FPI) outflows?

A) Government intervention and market stabilization funds B) Strong support from domestic institutional and retail investors C) Increased foreign direct investment (FDI) D) A significant depreciation of the Indian Rupee

14. Approximately how much capital has been raised through IPOs in India in the last eight months?

A) $5 billion B) $10 billion C) $15 billion D) $20 billion

15. By what percentage have Indian household average quarterly expenses increased in the last three years?

A) Over 10% B) Over 20% C) Over 33% D) Over 50%

16. What is the estimated average quarterly expense for Indian households in 2025?

A) Rs 35,000 B) Rs 45,000 C) Rs 56,000 D) Rs 65,000

17. What percentage of Indian consumers are allocating funds towards luxury products, according to a recent report?

A) 7% B) 15% C) 25% D) 33%

18. Which automotive company considers India a 'priority market' and plans continued investment and local production?

A) BMW B) Audi C) Mercedes-Benz D) Volvo

19. Which technology company recently cut over 100 jobs in India, attributing it to workforce reshaping by artificial intelligence?

A) Microsoft B) Google C) Oracle D) IBM

20. Which Indian city is positioning itself to become a global technology hub?

A) Bengaluru B) Mumbai C) Chennai D) Hyderabad

ALL TN Comp Exams Prep

India's Economy Navigates Global Trade Headwinds with Domestic Focus and Policy Reforms

Your Score: 0 / 0

1. The United States has increased tariffs on Indian exports by what percentage, potentially reducing India's FY26 GDP?

2. Which two labor-intensive sectors are particularly affected by the increased US tariffs on Indian exports?

3. What is India's primary strategy to mitigate the impact of increased US tariffs on its exports?

4. Which Union Minister announced plans to target 40 countries to boost apparel exports?

5. What is the significance of the textile sector in India's employment landscape?

6. The 'Swadeshi' initiative, emphasized by Union Minister Piyush Goyal, primarily aims to achieve what?

7. A recent Goods and Services Tax (GST) cut on how many everyday items is expected to spur demand and boost GDP?

8. What was the GST reduction for a broad range of handicraft items?

9. The recent tax reforms, including GST cuts, align with which broader Indian government initiative?

10. Which Union Minister questioned Corporate India's investment behavior despite receiving corporate tax cuts and benefiting from GST reforms?

11. What is India's GDP growth forecast for FY26, according to Chief Economic Adviser (CEA) V. Anantha Nageswaran?

12. What was India's GDP growth rate in the April-June quarter?

13. What is cited as the primary reason for the Indian equity market's resilience despite Foreign Portfolio Investor (FPI) outflows?

14. Approximately how much capital has been raised through IPOs in India in the last eight months?

15. By what percentage have Indian household average quarterly expenses increased in the last three years?

16. What is the estimated average quarterly expense for Indian households in 2025?

17. What percentage of Indian consumers are allocating funds towards luxury products, according to a recent report?

18. Which automotive company considers India a 'priority market' and plans continued investment and local production?

19. Which technology company recently cut over 100 jobs in India, attributing it to workforce reshaping by artificial intelligence?

20. Which Indian city is positioning itself to become a global technology hub?

India's Economy Navigates Global Trade Headwinds with Domestic Focus and Policy Reforms

Your Score: 0 / 0

1. The United States has increased tariffs on Indian exports by what percentage, potentially reducing India's FY26 GDP?

2. Which two labor-intensive sectors are particularly affected by the increased US tariffs on Indian exports?

3. What is India's primary strategy to mitigate the impact of increased US tariffs on its exports?

4. Which Union Minister announced plans to target 40 countries to boost apparel exports?

5. What is the significance of the textile sector in India's employment landscape?

6. The 'Swadeshi' initiative, emphasized by Union Minister Piyush Goyal, primarily aims to achieve what?

7. A recent Goods and Services Tax (GST) cut on how many everyday items is expected to spur demand and boost GDP?

8. What was the GST reduction for a broad range of handicraft items?

9. The recent tax reforms, including GST cuts, align with which broader Indian government initiative?

10. Which Union Minister questioned Corporate India's investment behavior despite receiving corporate tax cuts and benefiting from GST reforms?

11. What is India's GDP growth forecast for FY26, according to Chief Economic Adviser (CEA) V. Anantha Nageswaran?

12. What was India's GDP growth rate in the April-June quarter?

13. What is cited as the primary reason for the Indian equity market's resilience despite Foreign Portfolio Investor (FPI) outflows?

14. Approximately how much capital has been raised through IPOs in India in the last eight months?

15. By what percentage have Indian household average quarterly expenses increased in the last three years?

16. What is the estimated average quarterly expense for Indian households in 2025?

17. What percentage of Indian consumers are allocating funds towards luxury products, according to a recent report?

18. Which automotive company considers India a 'priority market' and plans continued investment and local production?

19. Which technology company recently cut over 100 jobs in India, attributing it to workforce reshaping by artificial intelligence?

20. Which Indian city is positioning itself to become a global technology hub?

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