MCQ Test: Indian Economy & Business: H-1B Visa Concerns, GST Rate Cuts Take Effect, and US Trade Talks Underway

1. What is the new annual fee imposed by the US government on H-1B visa applications, as per the recent decision?

A) $10,000 B) $50,000 C) $100,000 D) $200,000

2. The White House clarified that the substantial H-1B visa fee applies only to which category of applications?

A) Existing visa holders seeking renewal B) All H-1B visa applications, including renewals C) New H-1B petitions only D) Dependents of H-1B visa holders

3. Which Indian government body expressed concern over the H-1B visa fee hike, stating it could have "humanitarian consequences"?

A) Ministry of Finance B) NITI Aayog C) Ministry of External Affairs (MEA) D) Ministry of Commerce and Industry

4. Which Indian IT industry body warned that the new H-1B fee could disrupt global operations of Indian technology services companies?

A) FICCI B) CII C) Nasscom D) ASSOCHAM

5. Indian nationals constitute what percentage of H-1B visa holders in the US, making them the largest group?

A) 51% B) 61% C) 71% D) 81%

6. What was the primary objective behind the recent GST rate cuts that became effective from September 22?

A) To increase government revenue B) To stimulate economic growth and consumer demand C) To reduce inflation D) To boost exports

7. After the recent GST rate cuts, what percentage of products previously in the 12% slab were moved to a lower 5% slab?

A) 50% B) 75% C) 90% D) 99%

8. Which dairy giant was mentioned as having already announced price reductions across over 700 product packs following the GST rate cuts?

A) Mother Dairy B) Kwality Limited C) Amul D) Parag Milk Foods

9. According to a report by Systematix Research, what is a potential negative implication of the recent GST rate cuts?

A) Increased illicit trade B) Higher revenue loss than government estimates C) Decrease in consumer demand D) Reduced disposable income for households

10. Who is India's Commerce and Industry Minister currently visiting the United States to advance discussions for a bilateral trade agreement?

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

11. What is a key contentious point in the ongoing trade deal talks between India and the US, as mentioned in the provided content?

A) India's stance on intellectual property rights B) US tariffs on Indian textile imports C) India's position on opening its farm and dairy markets D) US demands for greater access to India's pharmaceutical sector

12. On September 19, what was the performance of the S&P BSE Sensex, as per the provided information?

A) Increased by 0.5% B) Fell by 0.5% C) Increased by 0.94% D) Remained unchanged

13. Despite a recent dip, how has the S&P BSE Sensex performed over the past month?

A) Fallen by 0.94% B) Increased by 0.94% C) Remained stable D) Increased by 5%

14. Which two factors were mentioned as influencing market sentiment in the Indian stock market?

A) Rising inflation and geopolitical tensions B) Optimism surrounding potential US Federal Reserve rate cuts and ongoing US-India trade talks C) Strong corporate earnings and increased foreign investment D) Domestic political stability and commodity price fluctuations

ALL TN Comp Exams Prep

Indian Economy & Business: H-1B Visa Concerns, GST Rate Cuts Take Effect, and US Trade Talks Underway

Your Score: 0 / 0

1. What is the new annual fee imposed by the US government on H-1B visa applications, as per the recent decision?

2. The White House clarified that the substantial H-1B visa fee applies only to which category of applications?

3. Which Indian government body expressed concern over the H-1B visa fee hike, stating it could have "humanitarian consequences"?

4. Which Indian IT industry body warned that the new H-1B fee could disrupt global operations of Indian technology services companies?

5. Indian nationals constitute what percentage of H-1B visa holders in the US, making them the largest group?

6. What was the primary objective behind the recent GST rate cuts that became effective from September 22?

7. After the recent GST rate cuts, what percentage of products previously in the 12% slab were moved to a lower 5% slab?

8. Which dairy giant was mentioned as having already announced price reductions across over 700 product packs following the GST rate cuts?

9. According to a report by Systematix Research, what is a potential negative implication of the recent GST rate cuts?

10. Who is India's Commerce and Industry Minister currently visiting the United States to advance discussions for a bilateral trade agreement?

11. What is a key contentious point in the ongoing trade deal talks between India and the US, as mentioned in the provided content?

12. On September 19, what was the performance of the S&P BSE Sensex, as per the provided information?

13. Despite a recent dip, how has the S&P BSE Sensex performed over the past month?

14. Which two factors were mentioned as influencing market sentiment in the Indian stock market?

Indian Economy & Business: H-1B Visa Concerns, GST Rate Cuts Take Effect, and US Trade Talks Underway

Your Score: 0 / 0

1. What is the new annual fee imposed by the US government on H-1B visa applications, as per the recent decision?

2. The White House clarified that the substantial H-1B visa fee applies only to which category of applications?

3. Which Indian government body expressed concern over the H-1B visa fee hike, stating it could have "humanitarian consequences"?

4. Which Indian IT industry body warned that the new H-1B fee could disrupt global operations of Indian technology services companies?

5. Indian nationals constitute what percentage of H-1B visa holders in the US, making them the largest group?

6. What was the primary objective behind the recent GST rate cuts that became effective from September 22?

7. After the recent GST rate cuts, what percentage of products previously in the 12% slab were moved to a lower 5% slab?

8. Which dairy giant was mentioned as having already announced price reductions across over 700 product packs following the GST rate cuts?

9. According to a report by Systematix Research, what is a potential negative implication of the recent GST rate cuts?

10. Who is India's Commerce and Industry Minister currently visiting the United States to advance discussions for a bilateral trade agreement?

11. What is a key contentious point in the ongoing trade deal talks between India and the US, as mentioned in the provided content?

12. On September 19, what was the performance of the S&P BSE Sensex, as per the provided information?

13. Despite a recent dip, how has the S&P BSE Sensex performed over the past month?

14. Which two factors were mentioned as influencing market sentiment in the Indian stock market?

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