MCQ Test: India's Economy Navigates Global Headwinds with Rating Upgrade, GST Reforms, and Rural Recovery Amidst US Tariff Concerns

1. What was the recent upgrade to India's sovereign credit rating by S&P Global, and what was its previous rating?

A) Upgraded to 'BBB+' from 'BBB' B) Upgraded to 'BBB' from 'BBB-' C) Upgraded to 'A-' from 'BBB+' D) Upgraded to 'BBB-' from 'BB+'

2. Which of the following is NOT an announced aim or characteristic of the proposed GST reforms mentioned in the text?

A) Rationalization of tax slabs. B) Reduction in the cost of daily essentials. C) Introduction of a new generation GST reform by October 2025. D) An anticipated increase in the fiscal deficit target for the current fiscal year.

3. According to the provided content, which of the following was identified as a primary reason for the significant foreign portfolio investor (FPI) outflows from Indian equities in the first half of August?

A) A surge in corporate earnings and a strengthening rupee. B) US tariffs on Indian goods and lackluster first-quarter corporate earnings. C) Increased government spending on infrastructure projects. D) S&P Global's upgrade of India's sovereign credit rating.

4. Which of the following factors is NOT cited as contributing to the early signs of a broad-based recovery in India's rural economy?

A) A strong start to the monsoon season. B) Increased government spending on infrastructure. C) A rebound in rural wages driven by easing inflation. D) Significant increase in agricultural export demand.

5. Based on the projection by Union Bank of India, what is India's Current Account Deficit (CAD) expected to be as a percentage of GDP in FY26, and how does it compare to FY25?

A) 0.6% in FY26, doubling from 0.3% in FY25. B) 1.2% in FY26, nearly doubling from 0.6% in FY25. C) 1.2% in FY26, remaining stable from 1.2% in FY25. D) 0.6% in FY26, halving from 1.2% in FY25.

ALL TN Comp Exams Prep

India's Economy Navigates Global Headwinds with Rating Upgrade, GST Reforms, and Rural Recovery Amidst US Tariff Concerns

Your Score: 0 / 0

1. What was the recent upgrade to India's sovereign credit rating by S&P Global, and what was its previous rating?

2. Which of the following is NOT an announced aim or characteristic of the proposed GST reforms mentioned in the text?

3. According to the provided content, which of the following was identified as a primary reason for the significant foreign portfolio investor (FPI) outflows from Indian equities in the first half of August?

4. Which of the following factors is NOT cited as contributing to the early signs of a broad-based recovery in India's rural economy?

5. Based on the projection by Union Bank of India, what is India's Current Account Deficit (CAD) expected to be as a percentage of GDP in FY26, and how does it compare to FY25?

India's Economy Navigates Global Headwinds with Rating Upgrade, GST Reforms, and Rural Recovery Amidst US Tariff Concerns

Your Score: 0 / 0

1. What was the recent upgrade to India's sovereign credit rating by S&P Global, and what was its previous rating?

2. Which of the following is NOT an announced aim or characteristic of the proposed GST reforms mentioned in the text?

3. According to the provided content, which of the following was identified as a primary reason for the significant foreign portfolio investor (FPI) outflows from Indian equities in the first half of August?

4. Which of the following factors is NOT cited as contributing to the early signs of a broad-based recovery in India's rural economy?

5. Based on the projection by Union Bank of India, what is India's Current Account Deficit (CAD) expected to be as a percentage of GDP in FY26, and how does it compare to FY25?

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