MCQ Test: India's Economic Momentum: $30 Trillion Vision, Trade Boost, and AI Adoption Surge

1. India's Commerce and Industry Minister, Piyush Goyal, announced the nation's aim to achieve a $30 trillion economy by which year?

A) 2030 B) 2035 C) 2047 D) 2050

2. Which minister announced India's target of a $30 trillion economy by 2047?

A) Nirmala Sitharaman B) Rajnath Singh C) Piyush Goyal D) Amit Shah

3. The Goods and Services Tax (GST) was introduced in India in which year, referred to by Minister Goyal as a post-Independence transformation?

A) 2014 B) 2016 C) 2017 D) 2018

4. According to FICCI President Harsha Vardhan Agarwal, what two key factors are expected to provide a 'double boost' to the Indian economy?

A) Increased foreign investment and agricultural growth B) Successful US trade talks and GST 2.0 C) Digitalization and infrastructure development D) Public sector reforms and export diversification

5. What is the two-tier structure of GST rates approved by the GST Council for the new GST regime, as mentioned by FICCI?

A) 8% and 12% B) 5% and 18% C) 10% and 20% D) 12% and 28%

6. How much investment has India committed to construct new railway lines near its border with China and other neighboring countries?

A) $3.4 million B) $34 billion C) $3.4 billion D) $340 million

7. What is the planned length of new railway tracks to be added near India's borders with China, Bangladesh, Myanmar, and Bhutan?

A) 250 kilometers B) 500 kilometers C) 750 kilometers D) 1000 kilometers

8. According to the Microsoft 2025 Work Trend Index report, what percentage of Indian business leaders consider 2025 a pivotal year to integrate AI into their strategies?

A) 75% B) 80% C) 90% D) 95%

9. What is the bilateral trade target set by India and Russia to be achieved by 2030?

A) $50 billion B) $75 billion C) $100 billion D) $150 billion

10. Which of the following sectors is NOT explicitly mentioned as a key area for Indian participation in the Russian market, following the withdrawal of Western companies?

A) Food and agriculture B) Pharmaceuticals C) Automotive manufacturing D) Industrial machinery

11. What is the projected number of new jobs by 2030 that India's Global Capability Centers (GCC) sector could create, according to the Confederation of Indian Industry (CII)?

A) 10 million B) 15 million C) 20 million D) 25 million

12. What government scheme is primarily credited for the record surge in India's smartphone exports, crossing ₹1 trillion in the last five months?

A) Make in India B) Skill India Mission C) Production Linked Incentive (PLI) scheme D) Startup India

13. What was India's growth rate in the April-June quarter of the current fiscal year, highlighted by RSS chief Mohan Bhagwat as the highest in the last five quarters?

A) 6.50% B) 7.20% C) 7.80% D) 8.10%

14. Since which year has maintaining inflation under control been a key priority under Prime Minister Narendra Modi's leadership, as stated by Minister Piyush Goyal?

A) 2012 B) 2014 C) 2016 D) 2018

15. What specific mandate does the Reserve Bank of India (RBI) have, as reiterated by Minister Goyal, concerning economic policy?

A) Regulate stock markets B) Continuously monitor fiscal and monetary policy C) Oversee foreign trade agreements D) Manage public sector enterprises

16. Within how many years is the new railway lines project near the China border, involving $3.4 billion investment, projected to be completed?

A) Two years B) Three years C) Four years D) Five years

17. What is the projected GDP impact by 2030 from India's Global Capability Centers (GCC) sector, according to the Confederation of Indian Industry (CII)?

A) $300 billion B) $450 billion C) $600 billion D) $750 billion

18. What value have India's smartphone exports approximately crossed in the last five months?

A) ₹500 billion B) ₹750 billion C) ₹1 trillion D) ₹1.5 trillion

19. Minister Piyush Goyal called the 2017 GST introduction a post-Independence transformation that fostered what kind of system?

A) A centralized economic system B) A corruption-free system C) A state-controlled market system D) A dual tax structure

ALL TN Comp Exams Prep

India's Economic Momentum: $30 Trillion Vision, Trade Boost, and AI Adoption Surge

Your Score: 0 / 0

1. India's Commerce and Industry Minister, Piyush Goyal, announced the nation's aim to achieve a $30 trillion economy by which year?

2. Which minister announced India's target of a $30 trillion economy by 2047?

3. The Goods and Services Tax (GST) was introduced in India in which year, referred to by Minister Goyal as a post-Independence transformation?

4. According to FICCI President Harsha Vardhan Agarwal, what two key factors are expected to provide a 'double boost' to the Indian economy?

5. What is the two-tier structure of GST rates approved by the GST Council for the new GST regime, as mentioned by FICCI?

6. How much investment has India committed to construct new railway lines near its border with China and other neighboring countries?

7. What is the planned length of new railway tracks to be added near India's borders with China, Bangladesh, Myanmar, and Bhutan?

8. According to the Microsoft 2025 Work Trend Index report, what percentage of Indian business leaders consider 2025 a pivotal year to integrate AI into their strategies?

9. What is the bilateral trade target set by India and Russia to be achieved by 2030?

10. Which of the following sectors is NOT explicitly mentioned as a key area for Indian participation in the Russian market, following the withdrawal of Western companies?

11. What is the projected number of new jobs by 2030 that India's Global Capability Centers (GCC) sector could create, according to the Confederation of Indian Industry (CII)?

12. What government scheme is primarily credited for the record surge in India's smartphone exports, crossing ₹1 trillion in the last five months?

13. What was India's growth rate in the April-June quarter of the current fiscal year, highlighted by RSS chief Mohan Bhagwat as the highest in the last five quarters?

14. Since which year has maintaining inflation under control been a key priority under Prime Minister Narendra Modi's leadership, as stated by Minister Piyush Goyal?

15. What specific mandate does the Reserve Bank of India (RBI) have, as reiterated by Minister Goyal, concerning economic policy?

16. Within how many years is the new railway lines project near the China border, involving $3.4 billion investment, projected to be completed?

17. What is the projected GDP impact by 2030 from India's Global Capability Centers (GCC) sector, according to the Confederation of Indian Industry (CII)?

18. What value have India's smartphone exports approximately crossed in the last five months?

19. Minister Piyush Goyal called the 2017 GST introduction a post-Independence transformation that fostered what kind of system?

India's Economic Momentum: $30 Trillion Vision, Trade Boost, and AI Adoption Surge

Your Score: 0 / 0

1. India's Commerce and Industry Minister, Piyush Goyal, announced the nation's aim to achieve a $30 trillion economy by which year?

2. Which minister announced India's target of a $30 trillion economy by 2047?

3. The Goods and Services Tax (GST) was introduced in India in which year, referred to by Minister Goyal as a post-Independence transformation?

4. According to FICCI President Harsha Vardhan Agarwal, what two key factors are expected to provide a 'double boost' to the Indian economy?

5. What is the two-tier structure of GST rates approved by the GST Council for the new GST regime, as mentioned by FICCI?

6. How much investment has India committed to construct new railway lines near its border with China and other neighboring countries?

7. What is the planned length of new railway tracks to be added near India's borders with China, Bangladesh, Myanmar, and Bhutan?

8. According to the Microsoft 2025 Work Trend Index report, what percentage of Indian business leaders consider 2025 a pivotal year to integrate AI into their strategies?

9. What is the bilateral trade target set by India and Russia to be achieved by 2030?

10. Which of the following sectors is NOT explicitly mentioned as a key area for Indian participation in the Russian market, following the withdrawal of Western companies?

11. What is the projected number of new jobs by 2030 that India's Global Capability Centers (GCC) sector could create, according to the Confederation of Indian Industry (CII)?

12. What government scheme is primarily credited for the record surge in India's smartphone exports, crossing ₹1 trillion in the last five months?

13. What was India's growth rate in the April-June quarter of the current fiscal year, highlighted by RSS chief Mohan Bhagwat as the highest in the last five quarters?

14. Since which year has maintaining inflation under control been a key priority under Prime Minister Narendra Modi's leadership, as stated by Minister Piyush Goyal?

15. What specific mandate does the Reserve Bank of India (RBI) have, as reiterated by Minister Goyal, concerning economic policy?

16. Within how many years is the new railway lines project near the China border, involving $3.4 billion investment, projected to be completed?

17. What is the projected GDP impact by 2030 from India's Global Capability Centers (GCC) sector, according to the Confederation of Indian Industry (CII)?

18. What value have India's smartphone exports approximately crossed in the last five months?

19. Minister Piyush Goyal called the 2017 GST introduction a post-Independence transformation that fostered what kind of system?

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