MCQ Test: Indian Economy and Business: Trade Deficit Narrows, AI Set to Boost Growth, and US Trade Talks Resume

1. What was India's trade deficit in August 2025?

A) "$21.7 billion" B) "$9.9 billion" C) "$69.2 billion" D) "$79 billion"

2. By what approximate percentage did India's trade deficit contract in August 2025 compared to August 2024?

A) "Over 25%" B) "Over 30%" C) "Over 54%" D) "Over 60%"

3. Which of the following sectors was NOT specifically mentioned as a key driver for the growth in non-petroleum, non-gems, and jewellery exports in August 2025?

A) "Electronics" B) "Engineering goods" C) "Textiles" D) "Drugs and pharmaceuticals"

4. What was the primary reason cited for the US imposing tariffs on Indian goods, leading to trade talks in September 2025?

A) "Intellectual property rights violations" B) "India's continued oil trade with Russia" C) "Trade imbalance favoring India" D) "Concerns over labor practices"

5. According to the NITI Aayog report, how much extra value could Artificial Intelligence (AI) add to India's economy by 2035?

A) "Up to $500 billion" B) "$1 to $1.7 trillion" C) "$2 to $2.5 trillion" D) "$50 to $100 billion"

6. What is India's projected GDP by 2035, according to the NITI Aayog report, if AI is leveraged for accelerated economic growth?

A) "$6.6 trillion" B) "$7.5 trillion" C) "$8.3 trillion" D) "$9.1 trillion"

7. What was India's unemployment rate in August, reaching a 4-month low?

A) "6.2%" B) "5.1%" C) "4.5%" D) "3.8%"

8. What was the Wholesale Price Index (WPI) inflation rate in August, which turned positive after two months?

A) "-0.52%" B) "0.52%" C) "2.1%" D) "3.5%"

9. India has surpassed which country to become the world's third-largest automobile market?

A) "Germany" B) "South Korea" C) "Japan" D) "UK"

10. Union Minister Piyush Goyal reiterated India's ambition to become a $30 trillion economy by which year?

A) "2030" B) "2035" C) "2040" D) "2047"

11. For which category of goods has the Production Linked Incentive (PLI) scheme reopened for applications from September 15 to October 14, 2025?

A) "Pharmaceuticals" B) "Electronics" C) "White Goods" D) "Automobile Components"

12. What was the retail inflation rate in August, snapping a nine-month falling streak?

A) "0.52%" B) "1.5%" C) "2.1%" D) "3.0%"

ALL TN Comp Exams Prep

Indian Economy and Business: Trade Deficit Narrows, AI Set to Boost Growth, and US Trade Talks Resume

Your Score: 0 / 0

1. What was India's trade deficit in August 2025?

2. By what approximate percentage did India's trade deficit contract in August 2025 compared to August 2024?

3. Which of the following sectors was NOT specifically mentioned as a key driver for the growth in non-petroleum, non-gems, and jewellery exports in August 2025?

4. What was the primary reason cited for the US imposing tariffs on Indian goods, leading to trade talks in September 2025?

5. According to the NITI Aayog report, how much extra value could Artificial Intelligence (AI) add to India's economy by 2035?

6. What is India's projected GDP by 2035, according to the NITI Aayog report, if AI is leveraged for accelerated economic growth?

7. What was India's unemployment rate in August, reaching a 4-month low?

8. What was the Wholesale Price Index (WPI) inflation rate in August, which turned positive after two months?

9. India has surpassed which country to become the world's third-largest automobile market?

10. Union Minister Piyush Goyal reiterated India's ambition to become a $30 trillion economy by which year?

11. For which category of goods has the Production Linked Incentive (PLI) scheme reopened for applications from September 15 to October 14, 2025?

12. What was the retail inflation rate in August, snapping a nine-month falling streak?

Indian Economy and Business: Trade Deficit Narrows, AI Set to Boost Growth, and US Trade Talks Resume

Your Score: 0 / 0

1. What was India's trade deficit in August 2025?

2. By what approximate percentage did India's trade deficit contract in August 2025 compared to August 2024?

3. Which of the following sectors was NOT specifically mentioned as a key driver for the growth in non-petroleum, non-gems, and jewellery exports in August 2025?

4. What was the primary reason cited for the US imposing tariffs on Indian goods, leading to trade talks in September 2025?

5. According to the NITI Aayog report, how much extra value could Artificial Intelligence (AI) add to India's economy by 2035?

6. What is India's projected GDP by 2035, according to the NITI Aayog report, if AI is leveraged for accelerated economic growth?

7. What was India's unemployment rate in August, reaching a 4-month low?

8. What was the Wholesale Price Index (WPI) inflation rate in August, which turned positive after two months?

9. India has surpassed which country to become the world's third-largest automobile market?

10. Union Minister Piyush Goyal reiterated India's ambition to become a $30 trillion economy by which year?

11. For which category of goods has the Production Linked Incentive (PLI) scheme reopened for applications from September 15 to October 14, 2025?

12. What was the retail inflation rate in August, snapping a nine-month falling streak?

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