MCQ Test: Indian Economy and Business: RBI's Payment Aggregator Norms, Stock Market Rally, and US Trade Talks Dominate News (September 16, 2025)

1. The Reserve Bank of India (RBI) released a comprehensive Master Direction for the regulation of Payment Aggregators (PAs) on which date?

A) September 16, 2024 B) October 16, 2025 C) September 16, 2025 D) August 16, 2025

2. Which type of entity is exempt from seeking separate RBI authorization for providing Payment Aggregator services under the new Master Direction?

A) Non-bank PAs B) PA-Online C) Banks D) PA-Cross-Border

3. What is the initial minimum net worth requirement for non-bank Payment Aggregators at the time of application for RBI authorization?

A) ₹10 crore B) ₹15 crore C) ₹20 crore D) ₹25 crore

4. By when must non-bank Payment Aggregators increase their net worth to ₹25 crore after receiving RBI authorization?

A) By the end of the first financial year B) By the end of the second financial year C) By the end of the third financial year D) Immediately upon authorization

5. Annual security audits for Payment Aggregators, as per the new RBI guidelines, must be conducted by auditors empanelled by which entity?

A) SEBI B) IRDAI C) CERT-In D) NPCI

6. What was one of the primary factors contributing to the rise in Indian stock markets on Tuesday?

A) Rising crude oil prices B) Concerns over global trade C) Expectations of a US Federal Reserve interest rate cut D) Decline in domestic consumption

7. Which index led the sectoral rallies in the Indian stock market on Tuesday?

A) Nifty IT B) Nifty Pharma C) Nifty Auto D) Nifty Bank

8. Where were the recent discussions between chief negotiators from India and the United States on a proposed bilateral trade agreement held?

A) Washington D.C. B) Mumbai C) New Delhi D) Geneva

9. Which Danish brewer is reportedly exploring an Initial Public Offering (IPO) for its Indian business arm?

A) Heineken B) Anheuser-Busch InBev C) Carlsberg A/S D) Bira 91

10. According to NITI Aayog CEO B.V.R. Subrahmanyam, how much is Artificial Intelligence (AI) projected to add to India's economy by 2035?

A) $1 trillion B) $1.5 trillion C) $2 trillion D) $2.5 trillion

11. Who is the current CEO of NITI Aayog, who spoke about AI's transformative role in economic growth?

A) Amitabh Kant B) Arvind Panagariya C) B.V.R. Subrahmanyam D) Rajiv Kumar

12. What is the title of the report mentioned by NITI Aayog regarding AI's opportunity for accelerated economic growth in India?

A) AI for Digital India B) AI for Viksit Bharat: The Opportunity for Accelerated Economic Growth C) India's AI Future: Economic Impact D) Leveraging AI for Economic Prosperity

13. Morgan Stanley anticipates that the RBI will lower policy rates by 25 basis points in which upcoming Monetary Policy Committee (MPC) meetings?

A) August and September B) September and November C) October and December D) November and January

14. What is Morgan Stanley's forecast for headline consumer price index (CPI) inflation in FY26, which supports their prediction of RBI rate cuts?

A) 4.0% year-on-year B) 3.5% year-on-year C) 2.4% year-on-year D) 5.0% year-on-year

15. By what percentage did India's trade deficit contract recently?

A) Over 30% B) Over 40% C) Over 50% D) Over 60%

16. What was the primary reason for the narrowing of India's trade deficit?

A) Significant drop in imports B) Sharp rise in merchandise exports C) Increase in foreign direct investment D) Reduction in gold imports

17. What was India's trade deficit figure after its recent contraction?

A) $21.7 billion B) $15.5 billion C) $9.9 billion D) $5.8 billion

ALL TN Comp Exams Prep

Indian Economy and Business: RBI's Payment Aggregator Norms, Stock Market Rally, and US Trade Talks Dominate News (September 16, 2025)

Your Score: 0 / 0

1. The Reserve Bank of India (RBI) released a comprehensive Master Direction for the regulation of Payment Aggregators (PAs) on which date?

2. Which type of entity is exempt from seeking separate RBI authorization for providing Payment Aggregator services under the new Master Direction?

3. What is the initial minimum net worth requirement for non-bank Payment Aggregators at the time of application for RBI authorization?

4. By when must non-bank Payment Aggregators increase their net worth to ₹25 crore after receiving RBI authorization?

5. Annual security audits for Payment Aggregators, as per the new RBI guidelines, must be conducted by auditors empanelled by which entity?

6. What was one of the primary factors contributing to the rise in Indian stock markets on Tuesday?

7. Which index led the sectoral rallies in the Indian stock market on Tuesday?

8. Where were the recent discussions between chief negotiators from India and the United States on a proposed bilateral trade agreement held?

9. Which Danish brewer is reportedly exploring an Initial Public Offering (IPO) for its Indian business arm?

10. According to NITI Aayog CEO B.V.R. Subrahmanyam, how much is Artificial Intelligence (AI) projected to add to India's economy by 2035?

11. Who is the current CEO of NITI Aayog, who spoke about AI's transformative role in economic growth?

12. What is the title of the report mentioned by NITI Aayog regarding AI's opportunity for accelerated economic growth in India?

13. Morgan Stanley anticipates that the RBI will lower policy rates by 25 basis points in which upcoming Monetary Policy Committee (MPC) meetings?

14. What is Morgan Stanley's forecast for headline consumer price index (CPI) inflation in FY26, which supports their prediction of RBI rate cuts?

15. By what percentage did India's trade deficit contract recently?

16. What was the primary reason for the narrowing of India's trade deficit?

17. What was India's trade deficit figure after its recent contraction?

Indian Economy and Business: RBI's Payment Aggregator Norms, Stock Market Rally, and US Trade Talks Dominate News (September 16, 2025)

Your Score: 0 / 0

1. The Reserve Bank of India (RBI) released a comprehensive Master Direction for the regulation of Payment Aggregators (PAs) on which date?

2. Which type of entity is exempt from seeking separate RBI authorization for providing Payment Aggregator services under the new Master Direction?

3. What is the initial minimum net worth requirement for non-bank Payment Aggregators at the time of application for RBI authorization?

4. By when must non-bank Payment Aggregators increase their net worth to ₹25 crore after receiving RBI authorization?

5. Annual security audits for Payment Aggregators, as per the new RBI guidelines, must be conducted by auditors empanelled by which entity?

6. What was one of the primary factors contributing to the rise in Indian stock markets on Tuesday?

7. Which index led the sectoral rallies in the Indian stock market on Tuesday?

8. Where were the recent discussions between chief negotiators from India and the United States on a proposed bilateral trade agreement held?

9. Which Danish brewer is reportedly exploring an Initial Public Offering (IPO) for its Indian business arm?

10. According to NITI Aayog CEO B.V.R. Subrahmanyam, how much is Artificial Intelligence (AI) projected to add to India's economy by 2035?

11. Who is the current CEO of NITI Aayog, who spoke about AI's transformative role in economic growth?

12. What is the title of the report mentioned by NITI Aayog regarding AI's opportunity for accelerated economic growth in India?

13. Morgan Stanley anticipates that the RBI will lower policy rates by 25 basis points in which upcoming Monetary Policy Committee (MPC) meetings?

14. What is Morgan Stanley's forecast for headline consumer price index (CPI) inflation in FY26, which supports their prediction of RBI rate cuts?

15. By what percentage did India's trade deficit contract recently?

16. What was the primary reason for the narrowing of India's trade deficit?

17. What was India's trade deficit figure after its recent contraction?

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