MCQ Test: Indian Economy Sees Robust Growth Projections, Major GST Reforms, and Positive Market Outlook

1. What is S&P Global's reaffirmed projection for India’s Gross Domestic Product (GDP) growth for fiscal year 2025-26?

A) 5.5% B) 6.0% C) 6.5% D) 7.0%

2. When are the "GST 2.0" reforms, aimed at simplifying the Goods and Services Tax structure, expected to become effective?

A) January 1, 2025 B) April 1, 2025 C) September 22, 2025 D) January 1, 2026

3. Under the impending "GST 2.0" reforms, what will be the two primary tax slabs for Goods and Services Tax (GST)?

A) 0% and 12% B) 5% and 18% C) 12% and 28% D) 18% and 28%

4. According to Union Finance Minister Nirmala Sitharaman, what is the estimated economic injection into the economy expected from the "GST 2.0" reforms?

A) ₹1 lakh crore B) ₹2 lakh crore C) ₹3 lakh crore D) ₹4 lakh crore

5. Which Union Minister stated that India's exports are expected to grow by approximately 6% this year despite global headwinds?

A) Nirmala Sitharaman B) Piyush Goyal C) Amit Shah D) Subrahmanyam Jaishankar

6. The Indian stock market's anticipated positive opening on September 18, 2025, is attributed to which specific action by the US Federal Reserve?

A) Raising interest rates by 25 basis points B) Maintaining interest rates C) Cutting interest rates by 25 basis points D) Announcing a new quantitative easing program

7. The Reserve Bank of India (RBI) has classified payment aggregators into how many categories under its new final guidelines?

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

8. When are the RBI's new rules for co-lending arrangements scheduled to become effective?

A) Immediately B) September 22, 2025 C) January 1, 2026 D) April 1, 2026

9. What was the repo rate maintained by the RBI in its August 2025 Monetary Policy Committee (MPC) meeting?

A) 5.00% B) 5.25% C) 5.50% D) 5.75%

10. On which date did India launch its first national policy on geothermal energy?

A) August 15, 2025 B) September 15, 2025 C) October 15, 2025 D) November 15, 2025

11. Which of the following is NOT a stated aim of India's new national policy on geothermal energy?

A) Boost clean power generation B) Repurpose old oil and gas wells C) Attract domestic and international investment D) Promote nuclear fission for energy

12. What is the primary objective of the Indian government's initiative to roll out a comprehensive, integrated electronic database of land records?

A) To increase agricultural output through direct subsidies B) To centralize tax collection for property ownership C) To streamline land markets, reduce disputes, and attract investment D) To facilitate rapid urbanization and industrial expansion

ALL TN Comp Exams Prep

Indian Economy Sees Robust Growth Projections, Major GST Reforms, and Positive Market Outlook

Your Score: 0 / 0

1. What is S&P Global's reaffirmed projection for India’s Gross Domestic Product (GDP) growth for fiscal year 2025-26?

2. When are the "GST 2.0" reforms, aimed at simplifying the Goods and Services Tax structure, expected to become effective?

3. Under the impending "GST 2.0" reforms, what will be the two primary tax slabs for Goods and Services Tax (GST)?

4. According to Union Finance Minister Nirmala Sitharaman, what is the estimated economic injection into the economy expected from the "GST 2.0" reforms?

5. Which Union Minister stated that India's exports are expected to grow by approximately 6% this year despite global headwinds?

6. The Indian stock market's anticipated positive opening on September 18, 2025, is attributed to which specific action by the US Federal Reserve?

7. The Reserve Bank of India (RBI) has classified payment aggregators into how many categories under its new final guidelines?

8. When are the RBI's new rules for co-lending arrangements scheduled to become effective?

9. What was the repo rate maintained by the RBI in its August 2025 Monetary Policy Committee (MPC) meeting?

10. On which date did India launch its first national policy on geothermal energy?

11. Which of the following is NOT a stated aim of India's new national policy on geothermal energy?

12. What is the primary objective of the Indian government's initiative to roll out a comprehensive, integrated electronic database of land records?

Indian Economy Sees Robust Growth Projections, Major GST Reforms, and Positive Market Outlook

Your Score: 0 / 0

1. What is S&P Global's reaffirmed projection for India’s Gross Domestic Product (GDP) growth for fiscal year 2025-26?

2. When are the "GST 2.0" reforms, aimed at simplifying the Goods and Services Tax structure, expected to become effective?

3. Under the impending "GST 2.0" reforms, what will be the two primary tax slabs for Goods and Services Tax (GST)?

4. According to Union Finance Minister Nirmala Sitharaman, what is the estimated economic injection into the economy expected from the "GST 2.0" reforms?

5. Which Union Minister stated that India's exports are expected to grow by approximately 6% this year despite global headwinds?

6. The Indian stock market's anticipated positive opening on September 18, 2025, is attributed to which specific action by the US Federal Reserve?

7. The Reserve Bank of India (RBI) has classified payment aggregators into how many categories under its new final guidelines?

8. When are the RBI's new rules for co-lending arrangements scheduled to become effective?

9. What was the repo rate maintained by the RBI in its August 2025 Monetary Policy Committee (MPC) meeting?

10. On which date did India launch its first national policy on geothermal energy?

11. Which of the following is NOT a stated aim of India's new national policy on geothermal energy?

12. What is the primary objective of the Indian government's initiative to roll out a comprehensive, integrated electronic database of land records?

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