MCQ Test: India's Economy Buoyed by GST Reforms and Upbeat RBI Outlook

1. When did the new two-rate structure GST 2.0 come into effect in India?

A) August 22 B) September 22 C) October 22 D) December 22

2. What are the two new rates introduced under GST 2.0?

A) 8% and 12% B) 5% and 18% C) 10% and 20% D) 12% and 28%

3. The Reserve Bank of India (RBI) projects an upbeat outlook for the Indian economy, anticipating a 'virtuous cycle' of higher investments and stronger growth for which period?

A) H1 2024-25 B) H2 2024-25 C) H1 2025-26 D) H2 2025-26

4. India's economy demonstrated a five-quarter high growth in Q1 2025-26. What was the primary driver for this growth according to the RBI?

A) Increased global trade B) Strong domestic factors C) Higher foreign aid D) Government subsidies

5. For how many consecutive months did the Consumer Price Index (CPI) inflation remain well below the target rate, as mentioned in the RBI's September bulletin?

A) Five months B) Six months C) Seven months D) Eight months

6. What milestone did net Foreign Direct Investment (FDI) inflows achieve in July, as per the provided content?

A) All-time high B) 12-month high C) 38-month high D) Lowest in a decade

7. Who officially launched the GST Appellate Tribunal (GSTAT) portal, aiming to reduce tax litigation?

A) The Prime Minister B) The RBI Governor C) The Finance Minister D) The Chief Justice of India

8. When are the hearings for the newly launched GST Appellate Tribunal (GSTAT) portal scheduled to commence?

A) October B) November C) December D) January of next year

9. What direct impact is GST 2.0 expected to have on Maruti Suzuki, as reported in the content?

A) Increase production costs B) Reduce small car prices by Rs 1.29 lakh C) Expand its export market D) Introduce new electric vehicle models

10. What was one of the primary reasons cited for the recent fourth consecutive day of decline in domestic equity markets?

A) Rising crude oil prices B) Concerns over US H-1B visa rules C) Domestic political instability D) Decline in corporate earnings

11. Which specific sector is preparing for a significant Initial Public Offering (IPO) wave, aiming to raise approximately ₹13,000 crore over the next nine months?

A) Information Technology B) Automobile Manufacturing C) Pharmaceutical and Healthcare D) Renewable Energy

12. For what purpose is JSW Group planning to raise ₹7,000 crore via Non-Convertible Debentures (NCDs)?

A) Expansion of steel production B) Acquisition of AkzoNobel India C) Investment in renewable energy projects D) Debt restructuring

13. What was the previous GST system that GST 2.0 replaced?

A) A three-rate system B) A four-rate system C) A single-rate system D) A multi-slab system with more than four rates

14. What factors contributed to the moderated current account deficit in Q1, as mentioned in the external sector's resilience?

A) Increased imports and reduced exports B) Robust services exports and strong remittance inflows C) Higher foreign borrowings and reduced domestic consumption D) Depreciation of the Indian Rupee

ALL TN Comp Exams Prep

India's Economy Buoyed by GST Reforms and Upbeat RBI Outlook

Your Score: 0 / 0

1. When did the new two-rate structure GST 2.0 come into effect in India?

2. What are the two new rates introduced under GST 2.0?

3. The Reserve Bank of India (RBI) projects an upbeat outlook for the Indian economy, anticipating a 'virtuous cycle' of higher investments and stronger growth for which period?

4. India's economy demonstrated a five-quarter high growth in Q1 2025-26. What was the primary driver for this growth according to the RBI?

5. For how many consecutive months did the Consumer Price Index (CPI) inflation remain well below the target rate, as mentioned in the RBI's September bulletin?

6. What milestone did net Foreign Direct Investment (FDI) inflows achieve in July, as per the provided content?

7. Who officially launched the GST Appellate Tribunal (GSTAT) portal, aiming to reduce tax litigation?

8. When are the hearings for the newly launched GST Appellate Tribunal (GSTAT) portal scheduled to commence?

9. What direct impact is GST 2.0 expected to have on Maruti Suzuki, as reported in the content?

10. What was one of the primary reasons cited for the recent fourth consecutive day of decline in domestic equity markets?

11. Which specific sector is preparing for a significant Initial Public Offering (IPO) wave, aiming to raise approximately ₹13,000 crore over the next nine months?

12. For what purpose is JSW Group planning to raise ₹7,000 crore via Non-Convertible Debentures (NCDs)?

13. What was the previous GST system that GST 2.0 replaced?

14. What factors contributed to the moderated current account deficit in Q1, as mentioned in the external sector's resilience?

India's Economy Buoyed by GST Reforms and Upbeat RBI Outlook

Your Score: 0 / 0

1. When did the new two-rate structure GST 2.0 come into effect in India?

2. What are the two new rates introduced under GST 2.0?

3. The Reserve Bank of India (RBI) projects an upbeat outlook for the Indian economy, anticipating a 'virtuous cycle' of higher investments and stronger growth for which period?

4. India's economy demonstrated a five-quarter high growth in Q1 2025-26. What was the primary driver for this growth according to the RBI?

5. For how many consecutive months did the Consumer Price Index (CPI) inflation remain well below the target rate, as mentioned in the RBI's September bulletin?

6. What milestone did net Foreign Direct Investment (FDI) inflows achieve in July, as per the provided content?

7. Who officially launched the GST Appellate Tribunal (GSTAT) portal, aiming to reduce tax litigation?

8. When are the hearings for the newly launched GST Appellate Tribunal (GSTAT) portal scheduled to commence?

9. What direct impact is GST 2.0 expected to have on Maruti Suzuki, as reported in the content?

10. What was one of the primary reasons cited for the recent fourth consecutive day of decline in domestic equity markets?

11. Which specific sector is preparing for a significant Initial Public Offering (IPO) wave, aiming to raise approximately ₹13,000 crore over the next nine months?

12. For what purpose is JSW Group planning to raise ₹7,000 crore via Non-Convertible Debentures (NCDs)?

13. What was the previous GST system that GST 2.0 replaced?

14. What factors contributed to the moderated current account deficit in Q1, as mentioned in the external sector's resilience?

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