MCQ Test: August 17, 2025 - Current affairs for all the Exams: India's Economy Navigates Global Headwinds with Rating Upgrade, GST Reforms, and Trade Tensions

1. What was the new long-term sovereign credit rating assigned to India by S&P Global on August 17, 2025, marking the first upgrade in 18 years?

A) 'BBB-' B) 'BB+' C) 'BBB' D) 'A-'

2. According to the proposed new-generation GST reform expected by October 2025, which of the following tax rates are planned to be eliminated to move towards a two-slab system?

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

3. What is the primary reason cited for the increasing trade tensions and imposition of additional tariffs by the United States on Indian goods?

A) India's new intellectual property rights policies. B) India's continued purchase of Russian oil. C) India's restrictions on US technology imports. D) India's non-compliance with WTO trade rules.

4. Which of the following multinational companies is expanding its production portfolio in India, including plans for laptop manufacturing, reinforcing India's role in the global electronics supply chain?

A) Apple B) Sony C) Samsung D) LG

5. Approximately how many jobs are estimated to be at immediate risk in labor-intensive sectors in India if the current US tariff regime persists?

A) Up to 100,000 B) Up to 200,000 C) Up to 300,000 D) Up to 500,000

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August 17, 2025 - Current affairs for all the Exams: India's Economy Navigates Global Headwinds with Rating Upgrade, GST Reforms, and Trade Tensions

Your Score: 0 / 0

1. What was the new long-term sovereign credit rating assigned to India by S&P Global on August 17, 2025, marking the first upgrade in 18 years?

2. According to the proposed new-generation GST reform expected by October 2025, which of the following tax rates are planned to be eliminated to move towards a two-slab system?

3. What is the primary reason cited for the increasing trade tensions and imposition of additional tariffs by the United States on Indian goods?

4. Which of the following multinational companies is expanding its production portfolio in India, including plans for laptop manufacturing, reinforcing India's role in the global electronics supply chain?

5. Approximately how many jobs are estimated to be at immediate risk in labor-intensive sectors in India if the current US tariff regime persists?

August 17, 2025 - Current affairs for all the Exams: India's Economy Navigates Global Headwinds with Rating Upgrade, GST Reforms, and Trade Tensions

Your Score: 0 / 0

1. What was the new long-term sovereign credit rating assigned to India by S&P Global on August 17, 2025, marking the first upgrade in 18 years?

2. According to the proposed new-generation GST reform expected by October 2025, which of the following tax rates are planned to be eliminated to move towards a two-slab system?

3. What is the primary reason cited for the increasing trade tensions and imposition of additional tariffs by the United States on Indian goods?

4. Which of the following multinational companies is expanding its production portfolio in India, including plans for laptop manufacturing, reinforcing India's role in the global electronics supply chain?

5. Approximately how many jobs are estimated to be at immediate risk in labor-intensive sectors in India if the current US tariff regime persists?

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