MCQ Test: India's Major Policy Shifts and Economic Highlights: GST 2.0 Rolls Out, NSCN(K) Banned, and Economic Ratings Upgraded

1. When are the GST 2.0 reforms, featuring a new two-slab structure, scheduled to become effective nationwide?

A) September 22, 2024 B) September 22, 2025 C) October 2, 2025 D) January 1, 2026

2. What is the new tax slab structure under the GST 2.0 reforms, replacing the previous four-tier system?

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

3. What term did Prime Minister Narendra Modi use to describe the GST 2.0 reforms, linking them to 'Aatmanirbhar Bharat'?

A) GST Vikas Yatra B) GST Bachat Utsav C) GST Suvidha Abhiyan D) GST Aatmanirbhar Yojana

4. Under the new GST 2.0 reforms, what is the tax rate for ultra-luxury and 'sin' goods?

A) 28% B) 35% C) 40% D) 18% plus additional cess

5. According to the GST 2.0 reforms, what is the maximum nightly saving for hotel rooms with tariffs up to ₹7,500 due to reduced GST?

A) ₹250 B) ₹525 C) ₹750 D) ₹1,000

6. For how many years has the Ministry of Home Affairs (MHA) declared the National Socialist Council of Nagaland (Khaplang) an unlawful association?

A) 3 years B) 4 years C) 5 years D) 10 years

7. Which Japanese credit rating agency recently upgraded India's long-term sovereign rating to BBB+ from BBB?

A) Moody's B) S&P Global C) Fitch Ratings D) R&I Information

8. What is the projected GDP growth rate for India for the financial year 2025-26, according to the International Monetary Fund (IMF)?

A) 5.8% B) 6.0% C) 6.4% D) 7.1%

9. India is projected by the IMF to become the world's fourth-largest economy, surpassing which country?

A) Germany B) United Kingdom C) Japan D) China

10. What is the new one-time fee introduced by the US for H-1B visa applications for new applicants?

A) $50,000 B) $75,000 C) $100,000 D) $120,000

11. When is the new $100,000 H-1B visa fee for new applicants scheduled to become effective?

A) January 2026 B) March 2026 C) July 2026 D) September 2026

12. Where was the foundation for India's first PM Mega Integrated Textile Region and Apparel (PM MITRA) Park laid?

A) Surat, Gujarat B) Amravati, Maharashtra C) Dhar, Madhya Pradesh D) Warangal, Telangana

13. Which organization reported the successful deployment of Artificial Intelligence (AI) and Machine Learning (ML) based audits to detect widespread fraud in state beneficiary schemes?

A) NITI Aayog B) Reserve Bank of India (RBI) C) Comptroller and Auditor General (CAG) D) Ministry of Finance

14. How many additional LPG connections were approved under the Pradhan Mantri Ujjwala Yojana (PMUY) for the financial year 2025-26?

A) 15 lakh B) 20 lakh C) 25 lakh D) 30 lakh

15. The Central Industrial Security Force (CISF) recently assumed security command of which airport, marking its 17th airport deployment in India?

A) Ayodhya International Airport B) Noida International Airport C) Navi Mumbai International Airport D) Mopa International Airport

ALL TN Comp Exams Prep

India's Major Policy Shifts and Economic Highlights: GST 2.0 Rolls Out, NSCN(K) Banned, and Economic Ratings Upgraded

Your Score: 0 / 0

1. When are the GST 2.0 reforms, featuring a new two-slab structure, scheduled to become effective nationwide?

2. What is the new tax slab structure under the GST 2.0 reforms, replacing the previous four-tier system?

3. What term did Prime Minister Narendra Modi use to describe the GST 2.0 reforms, linking them to 'Aatmanirbhar Bharat'?

4. Under the new GST 2.0 reforms, what is the tax rate for ultra-luxury and 'sin' goods?

5. According to the GST 2.0 reforms, what is the maximum nightly saving for hotel rooms with tariffs up to ₹7,500 due to reduced GST?

6. For how many years has the Ministry of Home Affairs (MHA) declared the National Socialist Council of Nagaland (Khaplang) an unlawful association?

7. Which Japanese credit rating agency recently upgraded India's long-term sovereign rating to BBB+ from BBB?

8. What is the projected GDP growth rate for India for the financial year 2025-26, according to the International Monetary Fund (IMF)?

9. India is projected by the IMF to become the world's fourth-largest economy, surpassing which country?

10. What is the new one-time fee introduced by the US for H-1B visa applications for new applicants?

11. When is the new $100,000 H-1B visa fee for new applicants scheduled to become effective?

12. Where was the foundation for India's first PM Mega Integrated Textile Region and Apparel (PM MITRA) Park laid?

13. Which organization reported the successful deployment of Artificial Intelligence (AI) and Machine Learning (ML) based audits to detect widespread fraud in state beneficiary schemes?

14. How many additional LPG connections were approved under the Pradhan Mantri Ujjwala Yojana (PMUY) for the financial year 2025-26?

15. The Central Industrial Security Force (CISF) recently assumed security command of which airport, marking its 17th airport deployment in India?

India's Major Policy Shifts and Economic Highlights: GST 2.0 Rolls Out, NSCN(K) Banned, and Economic Ratings Upgraded

Your Score: 0 / 0

1. When are the GST 2.0 reforms, featuring a new two-slab structure, scheduled to become effective nationwide?

2. What is the new tax slab structure under the GST 2.0 reforms, replacing the previous four-tier system?

3. What term did Prime Minister Narendra Modi use to describe the GST 2.0 reforms, linking them to 'Aatmanirbhar Bharat'?

4. Under the new GST 2.0 reforms, what is the tax rate for ultra-luxury and 'sin' goods?

5. According to the GST 2.0 reforms, what is the maximum nightly saving for hotel rooms with tariffs up to ₹7,500 due to reduced GST?

6. For how many years has the Ministry of Home Affairs (MHA) declared the National Socialist Council of Nagaland (Khaplang) an unlawful association?

7. Which Japanese credit rating agency recently upgraded India's long-term sovereign rating to BBB+ from BBB?

8. What is the projected GDP growth rate for India for the financial year 2025-26, according to the International Monetary Fund (IMF)?

9. India is projected by the IMF to become the world's fourth-largest economy, surpassing which country?

10. What is the new one-time fee introduced by the US for H-1B visa applications for new applicants?

11. When is the new $100,000 H-1B visa fee for new applicants scheduled to become effective?

12. Where was the foundation for India's first PM Mega Integrated Textile Region and Apparel (PM MITRA) Park laid?

13. Which organization reported the successful deployment of Artificial Intelligence (AI) and Machine Learning (ML) based audits to detect widespread fraud in state beneficiary schemes?

14. How many additional LPG connections were approved under the Pradhan Mantri Ujjwala Yojana (PMUY) for the financial year 2025-26?

15. The Central Industrial Security Force (CISF) recently assumed security command of which airport, marking its 17th airport deployment in India?

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