MCQ Test: Indian Economy Navigates Global Headwinds with Robust Growth, Key Reforms, and Market Volatility

1. What was the primary reason cited for the Indian stock market's significant decline on September 26, 2025?

A) High inflation rates in India B) US President imposing 100% tariffs on pharmaceutical drugs and other goods C) A major corporate scandal in the IT sector D) A sharp increase in crude oil prices

2. Which two Indian economic sectors were particularly hit by the market sell-off triggered by US tariffs?

A) Automobile and Banking B) Pharmaceutical and Information Technology (IT) C) Agriculture and Infrastructure D) Real Estate and FMCG

3. What was India's GDP growth rate in Q1 FY26, as highlighted by the Finance Ministry's monthly economic review?

A) 6.5% B) 6.9% C) 7.8% D) 8.2%

4. Which international agency upgraded India's sovereign rating to BBB+ from BBB in FY26?

A) Moody's B) Standard & Poor's (S&P) C) Fitch Ratings D) R&I (Rating and Investment Information, Inc.)

5. What is the simplified GST structure effective from September 22, 2025?

A) Three slabs (5%, 12%, 18%) B) Two slabs (5% and 18%) C) Four slabs (5%, 12%, 18%, 28%) D) A single slab of 18%

6. What is the target for India's National Green Hydrogen Mission in terms of annual production by 2030?

A) 2 million metric tonnes (MMT) B) 5 million metric tonnes (MMT) C) 10 million metric tonnes (MMT) D) 15 million metric tonnes (MMT)

7. What was the gross Foreign Direct Investment (FDI) in India during Q1 FY26?

A) $15.8 billion B) $20.1 billion C) $25.2 billion D) $30.5 billion

8. As part of potential trade deal negotiations with the US, what has India offered to purchase?

A) American defense equipment B) Corn for ethanol production and increased energy imports C) Advanced semiconductor technology D) US-made automobiles

9. Union Home Minister Amit Shah announced that the 'Make in India 2.0' initiative would focus on which aspect?

A) Expanding traditional manufacturing sectors B) Promoting agricultural exports exclusively C) Emerging sectors expected to shape the global economy over the next 25 years D) Strengthening the textile industry

10. By how many paise did the Indian rupee depreciate against the US dollar on September 26, 2025?

A) Two paise B) Five paise C) Ten paise D) Fifteen paise

11. According to the Reserve Bank of India (RBI), what percentage of India's merchandise exports to the US are exempt from tariffs?

A) 25% B) 30% C) 45% D) 60%

12. Which of the following products saw their GST rates reduced from 28% to 18% in the new reforms effective September 22, 2025?

A) Life-saving drugs B) Farm machinery and irrigation equipment C) Two-wheelers, small cars, TVs, ACs, and cement D) Household essentials

13. Who inaugurated the first Annual Green Hydrogen R&D Conference?

A) Prime Minister Narendra Modi B) Finance Minister Nirmala Sitharaman C) Union Minister Pralhad Joshi D) RBI Governor Shaktikanta Das

14. What is the projected annual gross FDI inflow for India if the current trend continues?

A) Around $50 billion B) Around $75 billion C) Around $100 billion D) Around $125 billion

15. On what date were the Indian stock markets and banks closed due to a standard weekend non-trading day and a designated bank holiday, respectively?

A) September 22, 2025 B) September 26, 2025 C) September 27, 2025 D) September 28, 2025

ALL TN Comp Exams Prep

Indian Economy Navigates Global Headwinds with Robust Growth, Key Reforms, and Market Volatility

Your Score: 0 / 0

1. What was the primary reason cited for the Indian stock market's significant decline on September 26, 2025?

2. Which two Indian economic sectors were particularly hit by the market sell-off triggered by US tariffs?

3. What was India's GDP growth rate in Q1 FY26, as highlighted by the Finance Ministry's monthly economic review?

4. Which international agency upgraded India's sovereign rating to BBB+ from BBB in FY26?

5. What is the simplified GST structure effective from September 22, 2025?

6. What is the target for India's National Green Hydrogen Mission in terms of annual production by 2030?

7. What was the gross Foreign Direct Investment (FDI) in India during Q1 FY26?

8. As part of potential trade deal negotiations with the US, what has India offered to purchase?

9. Union Home Minister Amit Shah announced that the 'Make in India 2.0' initiative would focus on which aspect?

10. By how many paise did the Indian rupee depreciate against the US dollar on September 26, 2025?

11. According to the Reserve Bank of India (RBI), what percentage of India's merchandise exports to the US are exempt from tariffs?

12. Which of the following products saw their GST rates reduced from 28% to 18% in the new reforms effective September 22, 2025?

13. Who inaugurated the first Annual Green Hydrogen R&D Conference?

14. What is the projected annual gross FDI inflow for India if the current trend continues?

15. On what date were the Indian stock markets and banks closed due to a standard weekend non-trading day and a designated bank holiday, respectively?

Indian Economy Navigates Global Headwinds with Robust Growth, Key Reforms, and Market Volatility

Your Score: 0 / 0

1. What was the primary reason cited for the Indian stock market's significant decline on September 26, 2025?

2. Which two Indian economic sectors were particularly hit by the market sell-off triggered by US tariffs?

3. What was India's GDP growth rate in Q1 FY26, as highlighted by the Finance Ministry's monthly economic review?

4. Which international agency upgraded India's sovereign rating to BBB+ from BBB in FY26?

5. What is the simplified GST structure effective from September 22, 2025?

6. What is the target for India's National Green Hydrogen Mission in terms of annual production by 2030?

7. What was the gross Foreign Direct Investment (FDI) in India during Q1 FY26?

8. As part of potential trade deal negotiations with the US, what has India offered to purchase?

9. Union Home Minister Amit Shah announced that the 'Make in India 2.0' initiative would focus on which aspect?

10. By how many paise did the Indian rupee depreciate against the US dollar on September 26, 2025?

11. According to the Reserve Bank of India (RBI), what percentage of India's merchandise exports to the US are exempt from tariffs?

12. Which of the following products saw their GST rates reduced from 28% to 18% in the new reforms effective September 22, 2025?

13. Who inaugurated the first Annual Green Hydrogen R&D Conference?

14. What is the projected annual gross FDI inflow for India if the current trend continues?

15. On what date were the Indian stock markets and banks closed due to a standard weekend non-trading day and a designated bank holiday, respectively?

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